Bang Si-hyuk - the founder of Big Hit Entertainment and the father of BTS is one of the notable figures throughout BTS's career. He plays an important role in the success of BTS at the present time.
Recently, according to KBS, the stock value of Bang Si-hyuk continues to be many times higher than that of the big boys of SM, YG and JYP despite the decrease in the value of HYBE's shares. Here are the specific news and netizens' reactions:
For ARMYs, Bang Si-hyuk is a name that is no longer strange because he is like a father, a close and reliable companion of BTS for more than 10 years. From the very first days BTS was founded, he and his members went through hardships and came up from a life below zero.
To date, Bang Si Hyuk owns 34% of the shares of HYBE and holds many quality labels and top Kpop groups. Not only that, the acquisition of Ithaca Holdings, the American media and entertainment corporation behind the careers of Justin Bieber, Ariana Grande also created an impressive background for the stock value of HYBE and Bang Si-hyuk.
In the recent broadcast of KBS2's 'All Year Plus' program, several figures were presented to compare the stock prices of Bang Si-hyuk and the heads of the three major entertainment companies of SM, YG, and SM. JYP. Specifically, at the end of last year, his stock valuation increased to KRW 3,925.7 billion, making him the 7th richest person in the securities sector.
This is 6 times higher than the combined stock valuations of SM's Lee Soo-man (268 billion KRW), YG's Yang Hyun-suk (122.9 billion KRW), and JYP's Park Jin-young (216.9 billion KRW) combined.
Bang Si-hyuk is said to be second only to the richest stock holders in the famous Korean business world such as Lee Jae Yong - vice chairman of Samsung, Kim Bum Soo - chairman of Kakao or Jung Mong Gu - owner Honorary President of Hyundai Motor Company. As of October this year, the confirmed share value is 1,617.6 billion KRW as of October this year due to the recent sharp drop in HYBE's share price, but it is still confirmed to exceed trillions KRW.
Since last summer, Chairman Bang Si-hyuk has officially left the position of CEO of HYBE Group after taking on this role for a while. Accordingly, he will focus on the position of Chairman of the Board of Directors to directly participate in key business decisions.
In addition, Bang Si-hyuk is active as a composer and earns about 100 from royalties of 753 songs he has subscribed to. With a huge fortune, Bang Si-hyuk was recently discovered in a mansion with 5 bedrooms and 5 bathrooms in Hannam-dong.
It is known that this luxury villa was bought by Bang Si-hyuk last September for 10.8 billion KRW. The price of this expensive mansion is estimated to increase by 2.7 billion KRW this year and is in the 13.5 billion won price range.
Before the above information, netizens could not help but be surprised by the huge amount of assets that the head of HYBE owns:
- When he stormed B-Free's agency after that rude rapper talked smack at Suga and RM during their broadcast (calling them girls for wearing make up, making fun of their music etc.), that for me was a FATHER move. God bless this man for dreaming big and for making so many people in the world happy. He deserves every single cent, every love, and every further blessing that comes.
- I mean he deserves it. He's built this drop by drop and I'm so happy for him!!
- My dude is probably living in a palace omfg
- But seriously it shows how power and impactful BTS was, is and will be ?♀️
- He deserves this
- I saw 3.9 TRILLION and geeeeeeeeeeeeeeeelordy!
- I wonder what His House looks like, with all this money
- LSM is punching the air right now. He wants to be in that position.
- Bang PD, BTS and Hybe staff made this company to the top !!!???
- to think that he would be in this place. wow. i would be so amazed, i would probably think this is all just a big dream - nope, you may as well call it a miracle because the impossible happened here. my standing ovation to BSH and BTS.