In a remarkable financial feat, BTS, the globally acclaimed South Korean boy band, has cemented their status as the wealthiest shareholders in Korea’s music and entertainment sector. The seven members of BTS – Jin, Jimin, J-Hope, Suga, Jungkook, V, and RM – have seen their stock values soar to an impressive 10 billion won ($7.7 million), securing coveted positions among the elite few in the exclusive billion-won shares club.
Despite the members being on hiatus for mandatory military service, their stocks continue to surge, showcasing the enduring influence and popularity of BTS in the market. This financial milestone comes hot on the heels of the group’s dominance in the music industry, marked by chart-topping tracks and the recent release of their documentary series, “BTS Monuments: Beyond The Star.”
Shares Soar After Documentary Release
Following the documentary’s debut, a report from the Korea CXO Institute revealed a substantial surge in BTS members’ personal stock holdings. Their shares’ estimated value experienced a remarkable 20% increase since February, catapulting them into the ranks of the wealthiest shareholders in South Korea’s entertainment industry. With shares collectively valued at over 10 billion won, only 34 individuals, including the members of BTS, share this exclusive financial status.
Individual Shareholdings Revealed
Breaking down the impressive figures, Suga, Jimin, V, and Jungkook led the pack with shares valued at approximately 16 billion KRW each. J-Hope, RM, and Jin closely followed with shares estimated at 14.6 billion KRW, 13.5 billion KRW, and 12.2 billion KRW, respectively. The report emphasized that each member’s shares exceeded the 10 billion won mark.
The surge in BTS’s financial standing is attributed to the success of artists affiliated with HYBE’s music labels, including NewJeans and Seventeen, as well as the individual achievements of BTS members on global music charts.
HYBE’s Founder Tops the List
HYBE’s founder, Bang Si Hyuk, claimed the top spot on the list of wealthiest shareholders, boasting equities valued at an astounding 3.07 trillion KRW. Scooter Braun, CEO of HYBE’s American division, also held a substantial quantity of HYBE shares, estimated at 84.7 billion KRW. CEOs from JYP and YG Entertainment followed in the rankings.
It’s worth noting that each BTS member received 68,385 shares from Bang Si Hyuk when renewing their contracts in 2018. Although their specific stock details are no longer publicly disclosed since their contract stipulations expired in September, the news has further solidified BTS’s standing as the ‘Kings of K-pop,’ with fans celebrating their remarkable achievement in owning the market.