The man referred to as the “founder of the K-Pop industry,” Lee Soo Man, owns a sizable percentage of SM Entertainment Group. According to recent rumors, Kakao Entertainment is now the second-largest stakeholder in his K-pop label.Let’s investigate Lee’s anticipated net worth in 2023.
Lee Soo Man Net Worth 2023
One of the wealthiest men in Korea is Lee Soo Man, the creator of SM Entertainment. The former musician and TV host, who was born on July 18, 1952, is also referred to as the “Father of the K-Pop Industry.” The man has been crucial to the careers of well-known artists like BoA, SHINee, TVXQ, and others. Soo Man was named by Billboard as the world’s most important figure in the music business.
Lee has a net worth of over $200 million as of 2023 thanks to his significant ownership stake in SM Entertainment. Lee presently holds about 18.46% of the company’s shares, valued at more than $300 million, after selling the majority of his holdings. If SM’s stock and Lee Soo Man’s prior earnings are taken into account, his net worth as of February 2023 exceeds $200 million.
According to numerous media sites, SM Entertainment, the business that Lee Soo Man himself started, is being sued. Many of the people who purchased shares in this corporation are concerned about this. It was discovered that the business intended to completely fire him. He would file a lawsuit against SM Entertainment for various unethical business practises.
Kim Min Jong, a long-time SM Entertainment employee and company executive, reportedly criticised the company’s SM 3.0 plans in an email on Monday (Feb. 6), saying that “SM Entertainment needs producer Lee Soo Man’s senses, and we should respect Lee Soo Man, who has dedicated his entire life to the founding and expansion of SM Entertainment.” It seems that the change will affect his net worth.
Lee Soo Man Biography
On June 18, 1952, Lee Soo-man was born in Seoul, South Korea. SM Entertainment Group was formed by a South Korean music producer and businessman in the entertainment sector. Eunhyuk’s vocal and dancing prowess were showcased on the smash albums that his SM Entertainment Group record company created for the South Korean boy band Super Junior. Early in the 1970s, he was a student at Seoul National University, and soon after, he rose to become the band’s main singer for the Korean heavy metal group Lee Soo Man and 365 Days.
He is one of the successful entrepreneurs listed on Popular Bio. included in the group of notable individuals who were born on June 18, 1952. his wealthy businessman who was born in South Korea. He is listed as one of the Most Popular Entrepreneurs as well. One of the well-known individuals in our database is Lee Soo-man, who is 70 years old.
| Short Profile | |
|---|---|
| First Name | Lee |
| Last Name | Soo-man |
| Profession | Entrepreneur |
| Age | 70 years old |
| Birth Sign | Gemini |
| Birth Date | June 18, 1952 |
| Birth Place | Seoul, South Korea |
| Country | South Korea |
More About Lee Soo Man…
If you didn’t know, Lee Soo Man quit his job as an actor in the early 1980s to focus on his work as a computer engineer. He relocated to the US to pursue a master’s degree at California State University, Northridge, where he saw “superstars of the MTV generation” like Michael Jackson rise to fame.
But once more, he was motivated by the MTV boom and made the decision to lay the groundwork for the current Korean pop industry. With “a vision of what the Korean music industry may be,” he returned to Korea in 1985. Even though he started a band (Lee Soo-man and The 365 Days), the government of the time under Chun Doo-hwan forbade him from pursuing his aspirations.
He began his career as a DJ and presenter before opening SM Studio in Seoul four years after starting to save money. He signed Hyun Jin-young as his first artist. The business quickly gained a following among teenagers and made a name for itself in Korea. Today, K-pop is sweeping the globe, and Lee Soo Man is the most reputable name in the business and the creative force behind many popular performers.
FAQ
What is Lee Soomans net worth?
According to reports, Lee Soo Man currently holds shares of SM Entertainment valued at more than $300 million, or about 18.46 percent. The record producer’s net worth is believed to be more than $200 million when including SM’s equities and Sooman’s prior earnings.
Does Lee Soo Man have a wife?
Kim Eun Jin
What is full form of SM Entertainment?
Lee Soo-man created S.M. Entertainment in South Korea, an independent record label, talent agency, producer, and publisher of popular music. Originally an acronym for the agency’s founder, “SM” now stands for “Star Museum.” Kim Young-min is the company’s current CEO.
Is SM the biggest K-pop company?
SM Entertainment has long held the top spot in terms of size, quantity of artists, and earnings. As with acts like Girls’ Generation, EXO, SHINee, Red Velvet, and NCT, SM is credited with starting the K-pop boom that has since spread throughout the globe.
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