The Richest Celebrity, YG CEO Yang Hyun-suk.
Who doesn’t know Yang Hyun-suk? He was the one in charge of The Big 3 Entertainment but now we can say that he is the CEO of YG Entertainment. He is best known for his great work with the 1990s South Korean vocal group Seo Taiji & Boys. He is a hip-hop and pop singer who pursued a second career as a music producer as well. According to CelebsMoneyFact, Yang is the most popular Pop Singer.
Who do you think has the most extravagant name of all? It is indeed becoming clear by now and the appropriate response is pretty strong as well. YG’s appealing CEO, Yang Hyun-suk, seems to be the most extravagant superstar. Now, what does this mean in terms of his true worth?
In an ongoing rundown of the best 400 moguls, distributed by chaebul.com, the Korean site following millionaires, the website tracks the country’s family-run conglomerates and provides information about individuals and/or groups that have amassed great wealth over time. Samsung CEO Lee Kun-hee made the rundown ending up in the first place, with a total of around 13 Trillion Korean Won (KRW) or about 11 Billion U.S. Dollar (USD).
YG CEO Yang Hyun-suk also found his name on this list, and he had the pleasure of being the most extravagant individual in the majority of media outlets with individual assets totaling KRW 219 Billion or by and by generally USD 193 million. A ton of this can be credited to the rising stock prices of YG Entertainment brought about by PSY’s incredible success on the worldwide entertainment scene.
Further down the rundown come SM CEO Lee Soo-man with a total net worth of around KRW 193 Billion/USD 170 Million, a senior actor and privileged CEO of Jeju Free International City Broadcasting System Shin Yong-kyun with a net worth of KRW 148 Billion/USD 130 Million, and further down the list, Seoul Cinema CEO Kwak Jung-hwan with KRW 79 Billion/USD 69 Million. These figures were determined by a tallied measure of offers held by every person, profits, land resources, and other substantial resources, and barring certain unverified resources like gems or fine arts.
In any case, you know these are simply such enormous numbers that it is somewhat difficult to grasp exactly how much this truly is. This is the place my protected “Corn Cob-o-meter” tallying framework becomes an integral factor. Utilizing a dash of math, some Google wizardry, and a touch of picture altering, we can decide exactly what number of corn cobs Yang Hyun-suk could purchase if he somehow managed to trade his entire net worth for his own benefits into corn cobs.
Although Yang Hyun-suk’s accumulated net worth is currently under review, the latest update on his fortune is at around $159 million. How can he get that much wealth? Well, as a founder of YG Entertainment, the agency that kick-started the career of a strong lineup of artists ranging from BIGBANG, 2NE1, PSY, iKON, WINNER, Epik High among others, who continue to gain increased popularity in the mainstream media. Also, the most recent famous girl band in YG is Blackpink, who stormed the marketplace. YG‘s vast empire branched out to various subsidiaries throughout the years.
As from reports, YG Entertainment’s ongoing lift undoubtedly originates from their ongoing venture into the fashion business. Back in September, YG launched its ‘NONA9ON’ image in participation with Cheil Industries, the fashion partner of Samsung Group. Amid that month, YG got an 18 billion Korean Won (approx. $16.4 million USD) venture from LVMH Group, a French worldwide extravagance products combination that houses brands like Louis Vuitton and Christian Dior.
Due to this news, speculators purchased up to tons of offers and YG’s stock esteem expanded. Back in October, YG’s market top outperformed that of SM’s for the first time. From that point onward, SM’s stock cost has recuperated and SM has reclaimed the lead in the market top.