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Posted by VITALSIGN41 pts Wednesday, November 3, 2010

Lee Soo Man is an extremely wealthy individual

SM Entertainment's chairman, Lee Soo Man, has become the first celebrity ever to join the ranks of those with 100 million dollar stocks. Currently SME's producer and chairman, the appraised value of Lee Soo Man's stock reached $100 million USD as of November 1st. On this day, SME's stock reached a new high by recording at $22 USD, thus raising the worth of SME's largest shareholder, Lee Soo Man, and bringing the total appraised value of his stock to $100,820,523 USD. This feat makes Lee Soo Man the first ever former celebrity to reach the status of $100 million. Although SME's stocks dropped to $21.45 USD the next day on the 2nd, dropping Lee Soo Man's appraised value to $97,400,000 USD, he does not remain too far off from the initial value. SME artists SNSD, Super Junior, SHINee, f(x), and others have been busily promoting in both Korea and overseas, achieving great results and thus raising the value of SME's stocks. SME also earned greater profit with smart phones becoming a regular item with the public, bringing more attention and easier access to their hit digital songs. The year's results raised appraised value of Lee Soo Man's stock by $80 million USD in less than 10 months. Lee Soo Man also holds five times more than the only other celebrity in the ranks, Bae Yong Joon. Bae Yong Joon's appraised value also rose $60,000 USD, recording at $18,133,622 USD. KAIST's stock price rose from $2.70 USD to $4.14 USD as well. Source + Photo: Star News

  1. BAE YONG JOON
  2. SM ENTERTAINMENT
  3. LEE SOO MAN
  4. KAIST
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