0

0

General
Posted by MrTuxedo0 pt Wednesday, October 12, 2011

SNSD helps Lee Soo Man's stock value rise to 171 million dollars

According to recent reports, SM Entertainment's chairman Lee Soo Man hit the jackpot by being the first entertainer to own approximately $171 million USD worth of stocks in the industry. Back in November of 2010, the chairman's stocks were reported to be worth $86 million USD. Within less than a year, he's managed to double the net worth of his stocks. On October 12th, SM Entertainment saw their stock prices steadily rising. Within 37 minutes, stocks hit $42.55 per share which is a $1.54 increase compared to its previous closing. This is the best result in the 10-year-long history of SM Entertainment's involvement in the KOSDAQ trading board. Lee Soo Man, who is the largest stockholder of SM, is in possession of 4,041,465 shares. When the stock ratings went up this morning, it was no surprise that his stocks went up as well to equal a net worth of $172,174,225 USD. Financial analysts have speculated that the cause for the rise in stock prices was due to the high anticipation for SNSD's comeback, which will be releasing two album versions in the U.S. and South Korea. Source + Photos: Star News

  1. SM ENTERTAINMENT
  2. LEE SOO MAN
  3. SNSD
  4. STOCKS
  5. KOSDAQ
  6. SHARES
0 59,259 Share Be the first to vote

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
Kim So Eun, Song Jae Rim
MC Mong, The Boyz
RIIZE, Seunghan
misc.
The Boyz
Junsu (XIA)
ATEEZ
BTS, Jin
CLASS:y
Byun Woo Seok, Kim Hye Yoon
Min Hee Jin, NewJeans
BLACKPINK, Rosé
misc.
BLACKPINK, Jisoo
MC Mong, The Boyz
New Message

SEND