YG Entertainment's CEO Yang Hyun Suk's total stock value has surpassed SM Entertainment's chairman Lee Soo Man to become the richest stockholder in the entertainment industry.

Investors have bought in, not only because of Psy, who is currently 11th on the Billboard Hot 100 Chart, but G-Dragon's solo album has also helped the bullish atmosphere. YG Entertainment's stock recently rose to 79,000 KRW (approximately $70 USD). This is more than double their stock price of 30,000 KRW (around $27 USD) just a few months ago in May.

Because Yang Hyun Suk holds 3,569,554 shares of YG Entertainment stock, his total stock holdings have increased to 282 billion KRW (approximately $252 million USD) , which was good enough to supplant Lee Soo Man's stock holdings of SM Entertainment, valued at 264 billion KRW (approximately $236 million USD).

However, there is no telling if Yang Hyun Suk will be holding the top status for long. SM Entertainment has recently acquired big names such as Kang Ho Dong, Shin Dong Yup, Jun Hyun Moo, Jang Dong Geun, Kim Ha Neul, Lee Soo Geun, and Kim Byung Man. Of course, YG Entertainment will also be keeping steady with Big Bang, 2NE1 and the aforementioned Psy.

Source: Chosun Business via Nate