"3.4 Trillion Won Value"... Bang Si-hyuk Ranks 3rd Among Global Pop Music Stock Tycoons
JYP Park Jin-young 5th, YG Yang Hyun-suk 8th
Bang Si-hyuk, chairman of HYBE, has been ranked as the third-largest shareholder among publicly traded global popular music companies.
Bang Si-hyuk, Chairman of HYBE, is delivering a keynote speech at the Gwanhun Forum held on the 15th at the Press Center in Jung-gu, Seoul. Photo by Dongju Yoon doso7@
View original imageOn the 26th (local time), the U.S. music media Billboard reported that Chairman Bang ranked third among the world’s popular music industry "stock tycoons," following Daniel Ek, co-founder of Spotify, and Martin Lorentzon.
According to Billboard, the HYBE shares held by Chairman Bang account for 31.8%, valued at $2.54 billion (approximately 3.4389 trillion KRW).
Billboard explained, "HYBE's stock price has risen this year, positively impacting Chairman Bang's ranking," adding, "Last year, the value of the shares held by Chairman Bang was $1.7 billion (approximately 2.3016 trillion KRW)."
Earlier, on the 20th, HYBE announced that it had completed the board resolution to renew exclusive contracts for the seven members of BTS. This is seen as securing stability in HYBE’s future performance.
Billboard also revealed that JYP founder and representative producer Park Jin-young and YG general producer Yang Hyun-suk ranked 5th and 8th respectively among the stock tycoons. Park’s JYP shares were valued at $559 million (approximately 756.8 billion KRW), while Yang held YG shares worth $199 million (approximately 269.3 billion KRW).
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Additionally, the 4th richest shareholder was Klaus-Peter Schulenberg, CEO of CTV Eventim; 6th was Michael Rapino, CEO of Live Nation Entertainment; 8th was Denis Ladegaillerie, CEO of Believe; 9th was Max Lousada, CEO of Warner Music Group; and 10th was Scooter Braun, CEO of HYBE America.
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