It has been revealed that Bang Si Hyuk, the chairman of HYBE, holds the third-largest amount of shares among shareholders of publicly traded music companies worldwide.
On the 26th (local time), Billboard, a U.S. music media outlet, reported that Chairman Bang ranked third among the “stock-rich” figures in the global music industry, following Daniel Ek and Martin Lorentzon, the co-founders of the global music platform Spotify.
According to the Billboard article, Chairman Bang’s shares in HYBE account for 31.8% of the total, estimated to be worth $2.54 billion (approximately 3.4389 trillion won).
Billboard stated, “Last year, some companies in the popular music industry successfully received rewards for enduring the dark days of the pandemic,” and added, “This year, the rise in HYBE’s stock price has had a positive impact on Chairman Bang’s ranking. Last year, the value of the shares Chairman Bang held was $1.7 billion (approximately 2.3016 trillion won).”
In addition to HYBE, Park Jin Young, the producer and founder of JYP, one of the leading K-pop entertainment companies, ranked fifth, and Yang Hyun Suk, the overall producer of YG, ranked eighth. The JYP shares held by Producer Park were valued at $559 million (approximately 756.8 billion won), while it was revealed that Producer Yang holds $199 million (approximately 269.3 billion won) worth of YG shares.
Source: (A)
