Bang Si-hyuk, the mastermind behind K-pop sensation BTS, has not only revolutionized the music industry but has also become K-pop’s first billionaire by net worth. His company, HYBE, formerly known as Big Hit Music, is now one of the most successful businesses in the music industry, thanks to Bang’s creative vision and ability to spot talent. With RM and the six other members of BTS, Bang has built a group that rivals the likes of The Beatles and a company that has become one of South Korea’s largest conglomerates.
According to Forbes, Bang’s net worth is estimated at USD 1.5 billion as of 2024. He initially became a billionaire after HYBE went public in 2020, but his fortunes have fluctuated over the years. Despite setbacks such as BTS members going on hiatus for mandatory military service and personal controversies, Bang’s net worth has seen a positive trend.
HYBE’s success in 2023, with artists like SEVENTEEN achieving global recognition, has contributed to Bang’s rise in wealth. The company’s revenue exceeded USD 1.5 billion, and its net profit rose significantly. Despite recent controversies involving BTS members, HYBE’s financial performance remains strong, with plans to expand its footprint in the K-pop industry.
Alongside his success in the music industry, Bang also holds significant equity holdings, ranking among Korea’s major conglomerate leaders. Despite challenges and setbacks, Bang Si-hyuk and HYBE are poised for further success in the future, with new ventures and collaborations on the horizon.
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