Who is billionaire Bang Si-hyuk, the mastermind behind K-pop’s BTS?
South Korean music producer, composer and tape executive Bang Si-hyuk is known as the mastermind behind K-pop awareness BTS, afterward bringing the boy band together in 2013. He's the founder and CEO of Hybe (formerly Big Hit Entertainment), the bureau that manages the group.
The 48-year-old is a relatively new billionaire, afterward his wealth soared post-obit the much-anticipated IPO of Hype in October last year. He's now made his debut on Forbes' Korea Rich Listing, ranked at number 16.
Here are six things to know near the music mogul.
HE STARTED HIS CAREER Every bit A MUSIC COMPOSER
Blindside was educated at Seoul National University, where he studied aesthetics. Before embarking on his career as a record executive, Bang was an artist kickoff.
He joined JYP Entertainment (one of the large three Due south Korean entertainment agencies) in 2007 every bit the company's master producer and songwriter. While at JYP, he produced and equanimous for Rain, Wonder Girls, 2AM, Baek Ji-young and more.
He left JYP in 2005 to launch his own visitor – Big Hit Amusement.
HE'Southward KNOWN Equally 'HITMAN' Blindside
Bang's phase name is "Hitman" Blindside, a nickname that originated from his time at JYP. Every bit a producer and composer, he was known for his nose for hitmakers, hence the moniker.
This stage name was likewise what inspired his company name Large Hit Entertainment, before it rebranded to Hybe in March this year.
HE Acquired JUSTIN BIEBER, ARIANA GRANDE'S Tape LABEL
In April, Hybe acquired Ithaca Holdings, the US record characterization led by Scooter Braun that manages Justin Bieber, Ariana Grande, Demi Lovato, J Balvin and more than. The deal was worth Us$1 billion, Bloomberg reported.
The acquisition of Ithaca is the first major foray into the US market for Hybe. "The inevitable joining of Hybe and Ithaca Holdings marks the outset of a new take a chance no one could have possibly imagined," Bang said in a statement. "The two companies will work closely together leveraging our proven runway records of success, know-how, and expertise to create synergy, transcend borders and break down cultural barriers."
HE'Due south WORTH US$2.9 BILLION
Bang only became a billionaire in October concluding year, subsequently the public list of Hybe. So, just how rich is he?
According to Forbes, Bang's cyberspace worth stands at US$2.9 billion (S$3.8 billion). His wealth soared after the announcement of Ithaca Holdings' acquisition. As a newly-minted billionaire, Bang has also made his debut on Forbes' Korea Rich List unveiled on Jun 2, ranking at number xvi.
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HE'S INSPIRED BY JEFF BEZOS
What has been the key to Bang's mega-success all these years? Listening to the fans, of course. In a 2022 interview with Fast Company, Bang said that he draws inspiration from Jeff Bezos' customer obsession when information technology comes to Amazon.
"I don't read a lot of books past business leaders or CEOs, but I recently read something past Jeff Bezos about this obsession with the customer. Nosotros accept always focused on the content and the fan," Bang said.
HE HAS A CLOSE Human relationship WITH BTS MEMBERS
If y'all're wondering well-nigh Bang's relationship with the boys of BTS, he's reportedly very close to them.
In particular, Jin is supposedly "best friends" with his boss. In March this year, Jin uploaded a series of photos and videos on WeVerse (Hybe's social media app), showing the CEO making him a home-cooked repast.
Prior to the label's IPO, Bang gifted all members of BTS shares in the visitor, making each of them multi-millionaires after the listing. The shares were given "to strengthen long-tern partnerships with major artists and boost morale", the company said at the time.
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Source: https://cnalifestyle.channelnewsasia.com/people/billionaire-bang-si-hyuk-kpop-bts-248821
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