BTS members become millionaires as their label Big Hit Entertainment’s net worth increases to USD 4.1 billion
Reading now: 904
pinkvilla.comHuge congrats are in order to the seven members of the hit K-pop band BTS – they are all officially multi-millionaires! This latest development took place after “their label, Big Hit Entertainment, pulled off South Korea’s biggest stock market listing in three years,” according to reports via CNN.
CNN also reported that the company is issuing its “shares at 135,000 won (USD 115) each, raising 962.55 million won (USD 822 million) and valuing the company at 4.8 trillion won (USD 4.1 billion)” in the new report.
Each member of the band was given 68,385 shares in August, and at the issue price, they’re now each worth USD 7.9 million. Wow!
Read more on pinkvilla.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
