LSM is hella freakin rich~

[superjesster.livejournal.com]

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 millionaires.

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 5x 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 (no link-back)
akp

didn't add the sm artist's tags or bae yong joon's because this article is mainly about SME and they're only mentioned once

Comments

[luckyredshirt.livejournal.com]

well thats nice

[dorkiilove.livejournal.com]

you do know hes not ceo right....


lol all he does is produce

[dorawa.livejournal.com]

lsm is makin it rain

[jeugd1.livejournal.com]

Currently SME’s producer and chairman...um didn't he resign in 2009??
i think he did

[qrizta.livejournal.com]

He did resign as CEO but I think he's still involved in producing n supervising.

[desperate-oc.livejournal.com]

I thought Lee Soo Man is now only a producer in SM and Kim Young Min is the big boss now

[bulleusekat.livejournal.com]

♥

[ssehun.livejournal.com]

Okay!

[icedevil0289.livejournal.com]

in before "well ofc he is, since he is stealing money from the artists"

[dorkiilove.livejournal.com]

to late ma'am.

to late.

[aunts.livejournal.com]

not unexpected, but still wow.

ot, op i love your icon, i miss that child sfm.

[superjesster.livejournal.com]

i miss those ladies sfm ;___;

[13fireflies.livejournal.com]

Of course he is, with SJ, SNSD, SHINee, DBSK and F(x) in his pockets, how can he not be rich?

[akari-hayashi.livejournal.com]

I wish he would go back to managing SME more. But I guess he is enjoying his retirement or whatever he is doing now.

[dorkiilove.livejournal.com]

producing.

he's been producing for a long time, but he just recently( last year?) "gave up" changed his official "title"

[crazyxcami.livejournal.com]

alright~! now use that money...and tell the 'new' CEO
to change things and end em slavery crap.

[fromthemars.livejournal.com]

the guy in charge now is the guy who made it so SM contracts aren't as long any more...

Hella head bomb.

[http://users.livejournal.com/reminisce__/]

So I know that LSM isn't President anymore, but seriously, wow - someone allow them to rest the poor SM Town bbs. (I remember reading once that BoA made 1 billion USD just from her Japanese activities alone...cash gone where?)

[archaenon.livejournal.com]

Now I see why AKP sucks up to them hardcore. Money Money~
Still treat their artists like shit though =/

[qrizta.livejournal.com]

AKP sucks up to JYPE.
SME isn't affiliated to them but they do use SM's articles to get readerships.

[erbalurbal.livejournal.com]

does he count as a celebrity?

[geureiseu.livejournal.com]

he's a former singer/music artist himself.

[erikarafaela.livejournal.com]

share the wealth.

[saintedmal.livejournal.com]

Surprise of the century.

[sparklop.livejournal.com]

He can't be that bad of a guy the guys from SM are always doing imitations and thanking him and everything...

you never hear them talk about the current CEO thought :/

[roch-02.livejournal.com]

mte

[roch-02.livejournal.com]

Oh! Sunny's ahjusshi.

[icedevil0289.livejournal.com]

I know people tend to bash on lsm, but from what i've heard most of the current and past artists respect him a lot and talk highly of him. lol wasn't there pics of heechul and lsm together recently?

[chunsakuma.livejournal.com]

lol Yeah, when Heechul was in LA, he called up SM just to chat, I guess, but he dropped all of his appointments to take Heechul to lunch. He Tweeted a few photos from that.

[majidarou.livejournal.com]

He could use all that money to throw an around the world SM family party cruise with spas, massages, an olympic sized swimming pool, cocktails with mini umbrellas, and vibrating love beds to revitalize our tired idols.

[jaerotic.livejournal.com]

Ahhh I missed seeing LSM's face. :)) I wish we knew about him more, tbh. He seems to be so nice and great judging by how SM people talk about him. :)

[qrizta.livejournal.com]

Younger looking. I don't have the pic but I've seen him trailing SNSD, Uknow, BOA n other SM artists.

[jeugd1.livejournal.com]

fav song produced by LSM

[kiku-cha8-8.livejournal.com]

I thought Yoo Young Jin did this

[hpn88.livejournal.com]

and no one is surprised

[stopthedisco.livejournal.com]

I really want to hear LSM singing, ngl.

[qrizta.livejournal.com]

LOL I heard it. He has a good voice but the song was very oldie. :3
I think u can find it on youtube.