Bang Si-hyuk Net Worth | Celebrity Net Worth

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What is the Net Worth of Bang Si-hyuk?

Bang Si-hyuk is a South Korean record executive, producer, musician and songwriter. Bang Si-hyuk has a net worth of $3 billion. The founder of the entertainment company Hybe Corporation and its subsidiary Big Hit Music, he is one of the 50 richest people in South Korea, and the only billionaire in that country’s entertainment industry. Bang has produced albums by groups such as 2AM, Teen Top, GFriend, and global phenomenon BTS.

Early Life and JYP Entertainment

Bang Si-hyuk was born on 9 August 1972 in a family of musicians. His passion for music started early, though his parents urged him against pursuing a career in the field. As a teenager, Bang went to the all-boys Kyunggi High School. He later enrolled at Seoul National University, where he made his debut as a musician.

In the mid-90s, Bang met Park Jin-young, with whom he wrote several songs. Park eventually founded his own company called JYP Entertainment, with Bang joining as a producer, composer, and arranger. Early on, the duo managed to produce “Chapter 1”, the group’s debut album, Deity. On the album, Bang arranged the hit songs “One Candle” and “Road”. After the release of “Chapter 1”, God became one of the most popular boy bands in South Korea. It was around this time that Bang became known as the “Hitman” due to his ability to launch a hit band.

Big Hit Entertainment

After leaving JYP Entertainment in 2005, Bang founded his own company called Big Hit Entertainment. There, he continued to compose, write, and produce music for hit artists. In 2007, she served as a producer on “The Wonder Years”, the debut album by girl group Wonder Girls. Three years later, he produced the debut studio album by boy band 2AM titled “Saint O’Clock”. The album spawned the hit singles “Like Crazy” and “You Won’t Answer My Calls”.

In 2011, Bang produced several albums including Lee Seung-ji’s “Tonight,” Teen Top’s “Roman,” and Homme’s “Home by Hitman Bang.” The following year, he produced Lee Hyun’s “The Healing Echo”. Bang has also produced works by popular artists such as IZ, TXT, GFriend, and Seventeen.

bts

In 2013, Bang began his most lucrative partnership when he helped launch the career of boy band BTS. Beginning with the group’s debut solo album “2 Cool 4 School”, Bang has produced over 20 albums by BTS, including “O! Rul8,2?,” “School Love Affair,” “Dark and Wild”. ,” “The Most Beautiful Moments in Life,” “Wings,” “Love Yourself,” and “Map of the Soul.” Bang also co-wrote six songs on “Wings”; For the album, he won the Best Producer Award at the Mnet Asian Music Awards and Best Songwriter at the Melon Music Awards.

Bang was integral to the meteoric rise of BTS, which stands as the best-selling group in South Korean music history with more than 20 million albums sold. With their 2018 album “Love Yourself: Tear”, BTS became the first Korean concert to top the US Billboard 200. Later, in 2020, the group became the first Korean act to reach number one on both the Billboard Global 200 and. US Billboard Hot 100, which they did with the hit single “Dynamite”. Five number-one singles followed, including “Savage Love,” “Butter,” and “Permission to Dance.”

estate

Due to his massive success as a producer, especially for his contributions to BTS, Bang was estimated to be worth around $770 million in 2019. Just a year later, his net worth grew to nearly $2.8 billion after the stock launch of Big Hit Entertainment. As a result, Bang became the only billionaire in the entertainment industry in South Korea, as well as one of the top ten richest people in the country. He later moved into mobile applications, helping to develop the Weverse platform, which hosts multimedia content and facilitates communication between artists and fans. Additionally, Bang acquired several other companies, including Pledis Entertainment and Source Music.

In 2021, Bang was ranked as one of the 50 richest people in Korea; He was in 16th place. Shortly after, Bang resigned as CEO of Hybe Corporation, but retained his position as chairman of the board of directors.

Prize

Bang has won numerous industry honors for his songwriting, production and innovation, including multiple Melon Music and Mnet Asian Music Awards. He has also won Producer Awards at the Golden Disc Awards, Gaon Chart Music Awards, Seoul Music Awards and Genie Music Awards.