The seven-piece boy band from South Korea has made quite a name for themselves over the years. From releasing record-smashing music to receiving numerous awards, BTS boys for sure know how to be successful. However, the credit for their success also goes to their record label, Big Hit Entertainment. Read below to find out how the company has made BTS boys richer than before!
As if the sales of their album and hosting virtual concerts weren’t enough to get the cash flowing in, their record label decided to take things up a notch. Big Hit Entertainment, the company responsible for all the amazing music that BTS has created over the year, just went public.
Let's talk numbers, shall we? The company’s shares started at $236 (270,000 won), which were later doubled to the IPO price of $118 (135,000 won) and ended at $225 (258,000 won). Okay, this got complicated way too fast!
In short, Big Hit Entertainment was worth $840 million (963 billion won) before the company went public, and now they’re worth up to $7.5 billion (8.7 trillion won). As Jessie J once sang ‘...it’s all about the money money money’. Congratulations to the boys and their record label. Woo-Hoo!
From releasing songs that are making their way to the top of the Billboard Charts and receiving global recognition, BTS is paving their way to success. Since the record label’s market debut, the company’s CEO, Bang Si-hyuk is now a billionaire with $3.2 billion to his name. Wow! That means the boys are multi-millionaires too.
If you had the opportunity to invest in the company, would you do it for the band or the returns?