Hive Chairman Bang Si-hyuk Holds Third Largest Stock Among Shareholders of Listed Pop Music Companies

Hive Chairman Bang Si-hyuk, the visionary behind the global phenomenon BTS, has been revealed as the third-largest stockholder among listed pop music companies worldwide. According to the esteemed music publication Billboard’s “stock wealth” ranking of prominent music company shareholders, Chairman Bang ranks just below Daniel Arc and Martin Lorenson, the co-founders of Spotify, the world’s largest streaming platform. Chairman Bang’s impressive stake in Hive is estimated to be 31.8%, valued at an astounding $2.54 billion (approximately 3.4277 trillion won).

This achievement comes in the wake of Hive’s recent contract renewal with BTS, which has significantly bolstered the company’s value. Furthermore, Hive’s expanding roster, which includes other successful acts like ‘Seventeen’ and ‘New Jeans’, has contributed to its continuous growth. Billboard notes that Chairman Bang’s stock value rose from $1.7 billion last year to its present figure, bolstering his position in the rankings.

Notably, Park Jin-young, the representative producer of JYP Entertainment, and Yang Hyun-seok, the general producer of YG Entertainment, both influential figures within the K-pop industry, also feature in the ranking. Producer Park claims the fifth spot with $559 million (about 754.258 billion won) worth of JYP stock, while Executive Producer Yang secures the eighth position with $199 million (about 268.411 billion won) in YG stock.

In summary, Chairman Bang’s remarkable position as the third-largest stockholder in listed pop music companies worldwide attests to his unparalleled success in shaping the music industry. With Hive’s thriving artists and continuous growth, the future looks bright for Chairman Bang’s innovative company.

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Hive Chairman Bang Si-hyuk. /News 1

HYBE Chairman Bang Si-hyuk, who discovered the group ‘BTS’, was found to hold the third largest stock among shareholders of listed pop music companies worldwide.

According to the ‘stock wealth’ ranking of shareholders of famous music companies by the American music media Billboard on the 26th (local time), Chairman Bang came third after Daniel Arc and Martin Lorenson, the co-founders of Spotify, the world’s largest streaming platform. His Hive shares were estimated at 31.8%, worth a total of $2.54 billion (about 3.4277 trillion won).

Following the signing of a second contract renewal with BTS, the value of Hive is gradually increasing as label groups such as ‘Seventeen’ and ‘New Jeans’ are very active. Billboard also explained, “Last year, Chairman Bang’s stock value was $1.7 billion (he earned about 2.2938 trillion), but Hive’s stock price rose this year, which had a positive impact on the ranking.”

In this ranking, JYP Entertainment representative producer Park Jin-young and YG general producer Yang Hyun-seok, the founders of other major K-pop entertainment companies, are also 5th and 8th, respectively. Producer Park owns $559 million (about 754.258 billion won) in JYP stock, and Executive Producer Yang holds $199 million (about 268.411 billion won) in YG stock.

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