Lee Soo Man is the father of the K-pop industry. He is also the founder of SM Entertainment group. Hence he owns the bulk of shares in this firm.
Millions of fans globally recognize him. Therefore, he is a celebrity par excellence. Naturally many people are curious about the various facets of his life. One of the most wondered aspects is how much money he has.
The net worth of a person is defined as the collective amount of wealth that person possesses. Since Lee Soo Man has his hand in so many ventures, his net worth must be huge.
Thus if you are wondering about the net worth of Lee Soo Man, you are in the right place. Let us find out more about such aspects in this article.
Most influential music industry leader
The music industry globally is comprised of many people. Therefore we find many people vying for the top posts here. Interestingly many rankings have placed Lee Soo Man to be at the top of such leaders. He has a profound influence on the global music industry. Thus in him, we find certain important leadership traits to reckon with.
As a Korean pop culture personality
If you track the career of Lee Soo Man, you will find many interesting observations. One such observation is that the industry got shaped because of him. Korean popular culture was not much developed initially. It had to go through enormous struggles to reckon with. But with the advent of Lee Soo Man, the industry saw steady growth. Hence his contribution is significant at large.
Prominent artists like BoA, SHINee, TVXQ, and many more owe their success to him. Thus he not only shaped the industry but also shaped the lives of many artists.
His total net worth
Our research revealed that his collective net worth now exceeds 200 million dollars. Yes, you heard it right. Hence it is a huge figure to reckon with. This is however a rough estimate. The real figure might be much more.
Source of his net worth
It is natural to wonder where did he make so many millions of dollars. Hence let us find out. See, the major part of his wealth is due to his shares in SM Entertainment. The firm is one of the best in the industry. Therefore, the shares have huge value adding to its net worth of Lee.
To date, he has sold a lot of shares. After selling all these, he currently owns about 18.46 percent of the shares in the firm. This gives us the figure of 200 million dollars as per the latest market value.
Controversy
A recent controversy has come to light that SM Entertainment is attempting to oust him from the firm. This is the very firm he founded. However, we do not have many intriguing details about it.
Conclusion
No matter what, the contribution of Lee Soo Man will always be seminal in the K-pop industry. Thus his net worth represents his collective hard work all these years.
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