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BTS boss enters Forbes list of Korea's richest

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Jaehwa Bernardo, ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2020/life/09/02/20200902-bts-afp.jpg"/><figcaption>This handout photo taken in Seoul on September 2, 2020 and provided by Big Hit Entertainment shows K-pop group BTS members posing for a photo as they hold an online global media day. <em>Big Hit Entertainment via AFP</em></figcaption></figure></div><p>MANILA — Bang Si-hyuk, the mastermind behind pop sensation BTS, has entered business magazine Forbes&#x27; 2021 list of the richest people in South Korea.</p><p>Bang, who is both the founder and chief executive officer of Hybe Corp., debuted at No. 16 on <a href="https://www.forbes.com/sites/gracechung/2021/06/01/koreas-50-richest-2021-a-record-46-billionaires-make-the-list/?sh=afa2a09217b1">Korea&#x27;s 50 Richest People list by Forbes</a> with a net worth of $2.7 billion.</p><p>In October 2020, Hybe, then known as Big Hig Entertainment, debuted on the South Korean stock market.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/10/15/20/bts-agency-shares-double-on-stock-market-debut">BTS agency shares double on stock market debut</a></li></ul><p>Earlier this year, Hybe announced it would merge with American record executive Scooter Braun’s Ithaca Holdings, which counts Justin Bieber and Ariana Grande among its clients.</p><p>With the Braun deal, Hybe became one of the biggest power players in the global entertainment world. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/entertainment/04/15/21/some-k-pop-deals-see-industry-continue-to-expand-globally-while-consolidating-at-home">Some K-pop deals see industry continue to expand globally while consolidating at home</a></li></ul><p>Bang, 48, also known as &quot;Hitman&quot; Bang, started his career as a music producer at JYP Entertainment, another leading company in the K-pop industry.</p><p>In 2005, he founded Big Hit, which debuted BTS in 2013.</p><p>Meanwhile, at the top of the Forbes&#x27; list for South Korea this year is Seo Jung-jin, cofounder of biopharmaceutical company Celltrion, with a net worth of $12.5 billion.</p><p>Samsung Electronics&#x27; Jay Y. Lee (Lee Jae-yong) rose to the No. 2 spot, with a net worth of $12.4 billion.</p><p>Lee was also this year&#x27;s &quot;biggest dollar gainer&quot; after inheriting a fortune from his late father, Lee Kun-hee, who held the top spot of the Forbes list until his death last year.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/10/25/20/samsung-electronics-chairman-lee-kun-hee-dies-at-78-company">Samsung Electronics chairman Lee Kun-hee dies at 78: company</a></li></ul><p>The late Lee&#x27;s wife, Hong Ra-hee, who inherited the largest part of her husband&#x27;s fortune, ranked sixth with $7.1 billion.</p><p>Online gaming company heads were also high on the list. Nexon&#x27;s Kim Jung-ju and Smilegate&#x27;s Kwon Hyuk-bin placed on the third and fifth spot, respectively.</p><p>Taking the fourth spot is Kim Beom-su of internet giant Kakao, according to the Forbes list.</p><p>The list was compiled using information from individuals, analysts, government agencies, private databases, stock exchanges and other sources, according to Forbes.</p><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1665514" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

<p>Bang Si-hyuk, founder of the entertainment company that created and produces pop sensation BTS, has entered business magazine Forbes' list of the richest people in South Korea.</p>

Bang Si-hyuk, founder of the entertainment company that created and produces pop sensation BTS, has entered business magazine Forbes' list of the richest people in South Korea.

BTS boss enters Forbes list of Korea's richest

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BTS boss enters Forbes list of Korea's richest

Jaehwa Bernardo,

ABS-CBN News

Published Jun 02, 2021 06:28 PM PHT

Read More:

Korea

South Korea

Forbes

Forbes Rich List

Bang Si Hyuk

Hybe

Big Hit Entertainment

BTS

Kakao

Samsung

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