- Category:
- Richest Business › Producers
- Net Worth:
- $150 Million
- Birthdate:
- Jan 9, 1970 (54 years old)
- Birthplace:
- Seoul, South Korea
- Gender:
- Male
- Profession:
- Entrepreneur, Record executive, rapper, dancer, record producer
Yang Hyun Suk net worth and salary: Yang Hyun Suk is a South Korean music executive, rapper, dancer, and record producer who has a net worth of $150 million. Yang Hyun Suk was born in Seoul, South Korea in January 1970. He was a member of the group Seo Taiji and Boys. Yang Hyun Suk went on to form the record label YG Entertainment and became the chief executive officer. The group Seo Taiji and Boys formed in 1992 and released the albums Seo Taiji and Boys in 1992, Seo Taiji and Boys II in 1993, Seo Taiji and Boys III in 1994, and Seo Taiji and Boys IV in 1995. Yang Hyun Suk released his self-titled debut studio album in 1998. He has appeared as a judge on several television series including K-pop Star 1, 2, 3, 4, 5, 6, and more. YG Entertainment has featured several very successful artists including Jinusean, Seven, 1TYM, 2NE1, Big Bang, iKon, Winner, Epik High, Tablo, Psy, and Blackpink. YG is one of "The Big 3" K-Pop entertainment companies, along with SM Entertainment and JYP Entertainment.
Wealth: At the peak of Psy's success, Yang Hyun Suk's equity in YG Entertainment topped $200 million. Within a few years the value had sunk to around $100 million. He also reportedly owns a valuable real estate portfolio that includes YG's headquarters.
Controversy and Arrest: In 2019 a scandal in which he allegedly provided prostitutes to foreign business investors during dinner parties. In July 2019 Yang Hyun Suk was arrested and booked on charges related to the scandal which caused the stock price of YG to tank more than 25%.
