The founder and Chief Executive Director of YG entertainment Yang Hyun-suk are one of the popular and most influential people in South Korea. Yang Hyun-suk was born on January 9, 1970, in Seoul, South Korea. From his childhood days, Hyun Suk always liked music and admired it, even though his parents were against it. He then grabbed onto the opportunity when one day Seo Taiji, a South Korean singer approached him. They later formed the K-pop boy band called SeoTaiji &Boys consisting of Seo Taiji, Lee Juno and Yang Hyun-suk. His career as a singer went smoothly, but he left the band and then went on to establish YG entertainment, paving way for many successful K-pop idols.
His career as the CEO experienced a setback when in 2019 he was caught in a scandal and had to give up the position he held in the company. That is not all, Yang Hyun-suk was recently caught in another scandal wherein it was revealed that he threatened a former K-pop trainee under YG entertainment. He did so to stop her from revealing the IKON B.I’s drug abuse issue in 2016. However, this issue caused huge outrage among the public when the ex-trainee explained the truth. For today’s article let us find out how much money did the former CEO of YG entertainment make in his career and what is his net worth as of 2022.
Net Worth Of YG entertainment’s Founder:
Hyun-suk’s net worth is estimated to be around $150-$180 million. Most of the singer’s wealth was accumulated after he founded YG entertainment. And small chunks of his wealth come from being a producer, composer and member of the K-pop band Seo Taji& Boys.
He is Korea’s richest person and an influencer, known for the establishment of YG entertainment, one of Korea’s Best Entertainment companies for twenty years. Not only that, Yang Hyun-suk has participated in several TV reality shows as a judge, adding to his income.
Yang Hyun-suk’s Career Down The Road:
Hyun-suk was known to be a member of the South Korean boy band Seo Taiji&Boys. The former K-pop group consisted of Seo Taiji, Lee Juno and Yang Hyun-suk as its members. Seo Taiji& Boys was an active K-pop band in the 1990s known for bringing western themes into the Korean music world. However, the band came to an end, when the K-pop idols went on to pursue their career as soloists. And in 1996, Yang Hyun-suk founded his entertainment company called YG entertainment, where he first released a solo album composed by Seo Taiji. YG entertainment expanded over the years and gained popularity because of the artists under it. Yang Hyun-suk got married in 2010 to Lee Eun-Ju, a former member of the K-pop band Swi.T. She is also the sister of Sechs Kies Jaijin. Lee Eun-Ju is known to have supported and encouraged him throughout his career.
YG entertainment has become a very well-known name thanks to Yang Hyun Suk for bringing the best artists and forming the groups. 2ne1, who recently performed at Coachella was the first-ever girl band under YG entertainment. YG entertainment also includes successful K-pop bands such as IKON, Big Bang, PSY, Sechs Kies, Winner, Akdong Musician, Treasure and Blackpink. The K-pop girl group Blackpink gained worldwide popularity and Blackpink’s Jennie was hailed as YG Princess. However, in 2019 Yang Hyun-suk had to withdraw from his CEO position of the company, following the Burning Sun Scandal.
Awards And Achievements:
In 2003, Yang Hyun-suk won SBS Awards for The Producer Of The Year. He was also honoured with Presidential Commendation in 2011. And in 2013 he again received the Producer Of The Year award by the Gaon Charts K-pop Awards.
Some of his popular songs include I Know, Classroom Idea, Hayeoga, You In Fantasy, As The Night Goes On, Our Own Memories, To You, My Everything, Come Back Home, etc. For the song Come Back Home he bagged the MBC’s Best Music Award. Hyun-suk’s achievement is countless because he brought together many talented artists and even composed music for them.