RM, Jin and J-Hope (BTS) sell HYBE shares, earning millions of dollars

The members show that they are very business minded.

It is reported that in 2020, BTS became a shareholder of Big Hit Entertainment (now expanded to HYBE Labels), when the company switched to public securities, giving each member 68,385 shares of "" entertainment giant". With HYBE's stock price opening on the day of its Initial Public Offering (IPO) at a whopping $235, each BTS member increased his or her fortune by $15.4 million.

The ranking in descending order lists the names as follows: Kim Seokjin (Jin), Min Yoongi (Suga), Jung Hoseok ( J-Hope), Kim Namjoon (RM), Park Jimin, Kim Taehyung (V) and Jeon Jungkook. The second column is just the ID number and the third column is the number of shares each person holds.

In HYBE's "Share Change Report" (widely publicized), Jin, RM, and J-Hope are the only three BTS members to sell some of their shares, while Suga, Jimin, V and Jungkook still hold all 68,385 shares.

Specifically, Jin sold 16,000 shares, RM sold 10,385 shares (in 7 separate sales) and J-Hope sold 5,601 of his shares. HYBE's share price was at an all-time high in October, with a per-share trading price of 330,000 KRW (approximately $279), meaning Jin would make about $4.45 million from 16,000 shares. mine.

RM and J-Hope also grossed $2.89 million and $1.56 million, respectively. Netizens noticed the information on HYBE's website and inferred some interesting conclusions from the information provided: "Kim Namjoon is selling his stock like a heartbroken ex-boyfriend and has no money. any ending", "I see this and it's so funny, why can't I see their personalities from this chart"...

Although it is not known exactly what the members plan to do with this financial move, they have just become richer and netizens consider it a "smart move".

Although still in their 20s, BTS members all have their own estimated net worth of at least 20 million USD. According to Forbes, as of June 2020, BTS has an estimated income of 50 million USD, making them the 47th highest paid celebrities in the world.

In addition to income from music, agency contracts, and tours, BTS members all have shares in HYBE. J-Hope is the highest-earning member, according to reports from media outlets including Seoul Space and KpopStarz, thanks to the success of his solo mixtape "Hope World", released in March 2018.

The single "Daydream" from the project helped him reach his first No.1 on the Billboard World Digital Song Sales chart. He is also the first member to have a solo song on the Billboard Hot 100 chart. The male rapper currently owns 2 apartments in Seoul Forest Trimage luxury apartment complex, with a total value of about $4.6 million.

BTS is key to HYBE's success but also a risk to the company, as the group accounts for 90% of sales. The age of group members is becoming a growing concern, because South Korea requires male citizens aged 18-28 to serve two years in the military. The oldest member of BTS is Kim Seokjin who is 28 years old this year.

Another risk is that 30% of institutional investors who bought BTS shares in the IPO may sell their shares after 1 month, when the restriction period for them ends. For pharmaceutical company SK Biopharmaceuticals, such a stock sale sent the share price down 10%.

However, K-pop companies generally keep their stock prices pretty good, and the COVID-19 pandemic has proven that the industry's global influence has remained intact thanks to online performances and album sales. . Shares of YG Entertainment and JYP Entertainment, HYBE's two main rivals, are both up more than 40% this year.

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