|Each BTS member joins the richest celebrity in Korean Entertainment this year. (Photo from ltl website)|
[Asia News Communication = Reporter Reakkana] As Big Hit Entertainment (hereinafter Big Hit) closed trading at nearly twice the initial public offering price on the first day of its listing on October 15th KST, Bang Si Hyuk ranks as the eighth richest stockholder in Korea. Big Hit closed at 258,000 KRW (225 USD), down 4.44 % from its opening price of 270,000 KRW (235 USD).
As a result, the value of Bang Si Hyuk's 12,377,337 Big Hit shares, which is a 34.74% stake, was estimated at 3.193 trillion KRW (2.8 Billion USD). Bang Si Hyuk has become the richest stockholder in the entertainment industry, surpassing J.Y. Park, the founder of JYP Entertainment (213.9 billion KRW / 186 million USD), Yang Hyun Suk, the founder of YG Entertainment (143.7 billion KRW / 125 million USD), and Lee Soo Man, the founder of SM Entertainment (139.8 billion KRW / 122 million USD).
The seven BTS members, who received 68,385 shares each from Bang Si Hyuk, also tied for the eighth richest celebrity stockholders after Han Sung Ho, the founder of FNC Entertainment (19.7 billion KRW / 17.2 million USD), who is currently seventh. The BTS member's stock holdings are worth 17.6 Billion KRW (15.3 Million USD) each.