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 Grand-pop sensation BTS, after bringing the boy band together in 2013. He's the founder and CEO of Hybe (formerly Big Hit Entertainment), the agency that manages the group.
The 48-year-old is a relatively new billionaire, after his wealth soared following the much-anticipated IPO of Hype in October last year. He's now made his debut on Forbes' Korea Rich List, ranked at number 16.
Here are half-dozen things to know about the music mogul.
HE STARTED HIS CAREER Every bit A MUSIC COMPOSER
Bang was educated at Seoul National Academy, where he studied aesthetics. Before embarking on his career as a record executive, Bang was an creative person first.
He joined JYP Amusement (one of the big iii South Korean entertainment agencies) in 2007 as the company's principal producer and songwriter. While at JYP, he produced and composed for Rain, Wonder Girls, 2AM, Baek Ji-immature and more.
He left JYP in 2005 to launch his ain company – Big Hit Amusement.
HE'S KNOWN AS 'HITMAN' Blindside
Blindside's stage name is "Hitman" Bang, a nickname that originated from his fourth dimension at JYP. As a producer and composer, he was known for his nose for hitmakers, hence the moniker.
This stage proper name was also what inspired his visitor proper noun Big Hit Entertainment, earlier it rebranded to Hybe in March this yr.
HE ACQUIRED JUSTIN BIEBER, ARIANA GRANDE'South RECORD LABEL
In Apr, Hybe acquired Ithaca Holdings, the US record characterization led past Scooter Braun that manages Justin Bieber, Ariana Grande, Demi Lovato, J Balvin and more. The deal was worth United states$1 billion, Bloomberg reported.
The acquisition of Ithaca is the starting time major foray into the US market for Hybe. "The inevitable joining of Hybe and Ithaca Holdings marks the showtime of a new adventure no 1 could have possibly imagined," Bang said in a argument. "The two companies will work closely together leveraging our proven track records of success, know-how, and expertise to create synergy, transcend borders and break downward cultural barriers."
HE'S WORTH U.s.a.$two.9 BILLION
Bang only became a billionaire in Oct terminal year, subsequently the public list of Hybe. And then, just how rich is he?
According to Forbes, Blindside's net worth stands at The states$2.9 billion (Due south$3.8 billion). His wealth soared later the announcement of Ithaca Holdings' acquisition. As a newly-minted billionaire, Bang has also fabricated his debut on Forbes' Korea Rich Listing unveiled on Jun 2, ranking at number 16.
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HE'S INSPIRED By JEFF BEZOS
What has been the key to Bang'southward 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' client obsession when it comes to Amazon.
"I don't read a lot of books past business leaders or CEOs, but I recently read something by Jeff Bezos about this obsession with the client. Nosotros have e'er focused on the content and the fan," Blindside said.
HE HAS A Shut RELATIONSHIP WITH BTS MEMBERS
If you're wondering about Bang's relationship with the boys of BTS, he's reportedly very close to them.
In particular, Jin is supposedly "all-time friends" with his dominate. 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 domicile-cooked meal.
Prior to the label'south 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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