Bang Si-hyuk, often called “Hitman Bang,” is a legendary figure in the music world, known for revolutionizing K-pop and creating its biggest sensation, BTS. As the founder of HYBE Corporation, he turned a nearly bankrupt company into one of South Korea’s most successful conglomerates, earning him the title of K-pop’s first billionaire, according to Lifestyle Asia.
Bang’s journey began in Seoul, where he gained fame as a composer at JYP Entertainment. In 2005, he launched Big Hit Entertainment, which later rebranded as HYBE. His remarkable eye for talent led him to discover Kim Nam-joon, now globally known as BTS leader RM. Together with the seven BTS members, Bang built a group that reshaped global music and earned comparisons to The Beatles.
HYBE’s influence extends far beyond BTS. It manages a star-studded roster, including SEVENTEEN, NewJeans, and ENHYPEN, through its various labels. In 2023, the company achieved a milestone by surpassing USD 1.5 billion in annual revenue, fueled by record-breaking album sales and sold-out concerts. This success highlights Bang’s genius not just as a producer but also as a visionary strategist.
As of August 2024, Bang Si-hyuk holds a net worth of USD 1.5 billion, making him the richest figure in K-pop. However, his fortune has fluctuated over the years due to market dynamics and BTS’s temporary hiatus for mandatory military service. Despite this, Bang remains a dominant force, ranking 17th among South Korea’s wealthiest individuals and sixth among corporate leaders by stock holdings.
Looking ahead, BTS is set to reunite in 2025, a move expected to boost HYBE’s growth. Moreover, HYBE is expanding globally through partnerships like its 10-year distribution deal with Universal Music Group and plans to debut a new group in the U.S.
Bang Si-hyuk’s story is one of resilience, innovation, and relentless ambition. As he continues to shape the future of K-pop, his legacy as both a pioneer and billionaire remains unmatched.
Photo: People.com
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