What a smart business move!
It was reported back in 2020 that BTS were made part shareholders of Big Hit Entertainment (now expanded into HYBE Labels) as the company went public, giving each member 68,385 shares of the entertainment giant.
With HYBE’s share prices opening up on Initial Public Offering (IPO) day at a whopping $235, each BTS member walked away $15.4 million richer.
The chart goes in descending order with the first column listing names as follows: Kim Seokjin (Jin), Min Yoongi (Suga), Jung Hoseok (J-Hope), Kim Namjoon (RM), Park Jimin, Kim Taehyung (V), and Jeon Jungkook. The second column is just an ID number, and the third column is how many shares each person holds.
In HYBE’s “Stock Holding Changes Report” (which is open for public disclosure), it shows Jin, RM, and J-Hope as the only three of the BTS members to sell some of their shares, while Suga, Jimin, V, and Jungkook still hold onto all 68,385 of theirs.
The chart looks a bit daunting, but it shows that Jin sold 16,000 shares, RM sold 10,385 shares (in 7 separate sales we might add), and J-Hope sold 5,601 of his shares. This leaves Jin with 52,385, J-Hope with 62,784, and RM with 58,000.
HYBE’s stock prices were at an all time high back in October with the trading price for each share at ₩330,000 KRW (about $279 USD), which means Jin would have raked in about $4.45 million USD from his 16,000 shares (imagine how many Six Flags tickets he could buy with that)! RM and J-Hope also cashed in for about $2.89 million USD and $1.56 million USD respectively.
Netizens noticed the information on HYBE’s website and deduced some amusing conclusions from the information provided.
https://twitter.com/rmhercules/status/1465622338192306183?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1465622338192306183%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.koreaboo.com%2Fnews%2Fbts-rm-jin-j-hope-sell-hybe-stocks-heres-everything-know%2F
Oh the three of them really sold [their shares]
Kim Seokjin<-this guy sold the most please
—@rmhercules
https://twitter.com/rmhercules/status/1465622338192306183?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1465623224285163529%7Ctwgr%5E%7Ctwcon%5Es2_&ref_url=https%3A%2F%2Fwww.koreaboo.com%2Fnews%2Fbts-rm-jin-j-hope-sell-hybe-stocks-heres-everything-know%2F
Ah it’s so funny I’m going crazy
Kim Namjoon is selling his shares like a heartbroken ex-boyfriend who didn’t get any closure
Kim Seokjin sold his in one big shot
Jung Hoseok sold a moderate amount
—@rmhercules
Another netizen also agreed on the comical nature of the situation.
https://twitter.com/rmhercules/status/1465623224285163529?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1465666095088500741%7Ctwgr%5E%7Ctwcon%5Es2_&ref_url=https%3A%2F%2Fwww.koreaboo.com%2Fnews%2Fbts-rm-jin-j-hope-sell-hybe-stocks-heres-everything-know%2F
I saw this and laughed too keke why can I see their personalities from this chart.
—@2b_not2b
Coincidentally, ARMYs then remembered something Jin once said during BTS’s VLIVE stream.
And judging by how much Jin sold, the live makes a little more sense now!
Jin loves the company a lot ($4.45 million USD worth of love we’re sure)!
Although we don’t know exactly what the three plan to do with this financial move, we do know that they just got richer as netizens describe it to be a “shrewd move.” What an exciting time for ARMYs as they witness BTS achieve amazing things through their music!
Check out what BTS has been up to during their PERMISSION TO DANCE ON STAGE concerts below.
