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 manager, producer, composer and lyricist. Bang Si-hyuk has a net worth of $ 3 billion. As 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 the country’s entertainment industry. Bang has produced albums for groups like 2AM, Teen Top, GFriend and the global phenomenon BTS.

Early life and JYP entertainment

Bang Si-hyuk was born on August 9, 1972 into a family of musicians. His passion for music started early, although his parents prevented him from pursuing a career in the field. As a teenager, Bang attended Kyunggi High School. He then attended Seoul National University, where he made his debut as a composer.

In the mid-1990s, Bang Park met Jin-young, with whom he wrote numerous songs. Park eventually started his own company called JYP Entertainment, which Bang joined as a producer, composer, and arranger. The duo had early success with the production of “Chapter 1”, the group god’s debut album. On the album, Bang arranged the hits “One Candle” and “Road”. After “Chapter 1” was released, God became one of the most popular boy bands in South Korea. It was around this time that Bang became known by the stage name “Hitman” for his ability to form hit bands.

Big hit entertainment

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

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

Bang Si-hyuk fortune

(Photo by SeongJoon Cho / POOL / AFP)

BTS

Bang began his most lucrative partnership in 2013 when he started the career of boy band BTS. Starting with the group’s debut single album “2 Cool 4 Skool”, Bang has produced over 20 BTS albums, including “O! RUL8,2?”, “Skool Luv Affair”, “Dark & ​​Wild”, ” The most beautiful moment in life ”,“ Wings ”,“ Love yourself ”and“ Card of the soul ”. Bang also co-wrote six songs for “Wings”; for the album he won the Best Producer Award at the Mnet Asian Music Awards and the Best Songwriter Award at the Melon Music Awards.

Bang was an integral part of the meteoric rise of BTS, which is considered 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 musical act to top the US Billboard 200. Later, in 2020, the group became the first Korean act to make it to number one on the Billboard Global 200 and the US Billboard Hot 100, which they made with the hit single “Dynamite”. Five number one singles followed, including “Savage Love”, “Butter” and “Permission to Dance”.

wealth

Due to his tremendous success as a producer, especially for his contributions to BTS, Bang was valued at around $ 770 million in 2019. Just a year later, after Big Hit Entertainment went public, his net worth rose to approximately $ 2.8 billion. As a result, Bang became the only billionaire in the entertainment industry in South Korea, as well as one of the ten richest people in the country. He then ventured into mobile applications and helped develop the Weverse platform, which hosts multimedia content and facilitates communication between artists and fans. Bang also acquired a number of other companies, including Pledis Entertainment and Source Music.

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

Awards

Bang has won numerous industry awards 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, the Gaon Chart Music Awards, the Seoul Music Awards, and the Genie Music Awards.

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