SM Entertainment’s President Lee Sooman has reported a 20 billion won gain in value of his shares. 20 billion won estimates to about 18million USD. Moneytoday estimates that his personal stock value will break 100 billion (90 million USD) again.
As reported in the article, a share in SM has a value of 21,750 KRW. Lee Sooman holds 4,041,465 shares amounting to 24.32% of total stocks. The estimated value of his shares are 86 billion KRW (77.4 million USD). In comparison to last year where SM shares were 16.900 KRW each and Lee Sooman’s total stock was worth 68.3 billion KRW (61.5 million USD)
On November 1st 2010, Lee became the first Korean celebrity to break the 100bn KRW with a valuation of 108bn KRW. Since then, the share price dropped gradually and he has sold 500,000 shares for a profit of 8bn KRW (7.2m USD). However, with the national activities of DBSK and the ever-increasing popularity of SNSD in Japan, SM’s value is increasing. With this, Lee has gained 20bn KRW and is set to break the 100bn KRW barrier once more.
Source: oniontaker @soshified.com , Nate Entertainment & Digital News Team, NewsEn Reporters
wats 100billion won in £
The “power” of Soshi pays off in more ways than 1, and Mr. Lee Soo Man is living proof of it 😀 😀 😀 !!!! That is some Serious “Loose Change” there 😉 !!!
Wow, that’s a lot of money!!!
I wonder howmuch snsd is getting out of that millions of money.
I hope alot cuz theyve been working so hRd.
Oh my damn!
That is some big ass MONEY! $_$
Lee Soo Man, genius. :O
wow……100 billion is a lot…even after converting to dollar…..
next time, i will open my own artist agency too……
SNSD, fighting! ^^
Haha snsd is getting 1/84 percent of that money all together. Funny how these businesses operate. And you all think snsd makes alot. Haha it’s the CEO’s that make the big money.
really? That sucks.
They work so hard but only get little money.
*they only get little of that millions they made.
With your ever increasing value, please look after the girls properly..make it worth their hardwork and sacrifice.
however, I believe that this is more likely to happen:
So Nyuh Shi Dae will lead to the increase in the value of South Korean Won. So Nyuh Shi Dae will cause the KRW being worth much, much more than the American dollar.
janet park said:
This is what he got from our girls’ blood toil sweat and tears, hope he will sincerely treasure our angelic girls…give them more share!!!
from what i know, the girls don’t really get much shares when it comes to album sales because album sales in korea is very low. and since the girls are only singing the songs (no rights to the songs which is only reserved for songwriters), they only get like a small percentage of what the album earns. most of the royalties goes to the songwriters and producers, i believe “Hoot” is a bit different, where as Yuri is credited as one of the lyricist to the song in the album. Most likely, she’ll get a bit more percentage than the rest of SNSD.
cf deals, variety guesting, radio dj, hosts, acting, etc. is where SNSD gets their money. these other activities are the ones that give the BIG bucks to the girls because SM grants the royalties almost entirely to them. yoona had mentioned once that before she became an SNSD, she earned at least $200k+ on cf deals alone. and knowing that SNSD is the top girl and their popularity continues to rise, their cf deals and other activities are on “class A” when it comes to price.
south korea won is worth 0.0009 dollars. lol It well never be worth more than dollar, whichever retard said that. sorry to ruin your moment.
SNSD works hard for the money, lol 🙂
The reason why snsd album sales are low is that most people actually download the snsd albums off file sharing websites. Even most of the self-proclaimed snsd fans album “buyers” actually pirate the albums.