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He founded the record label Big Hit Music ... By July 2021, his reported net worth was an estimated $3.2 billion, according to the Bloomberg Billionaires Index.
With the change, the Big Hit record label was renamed Big Hit Music . [18] [19] [20] On April 1, 2021, Hybe announced through a board resolution that it would separate the label business (Big Hit Music) from Hybe and establish a new company with 100% of the stake held by Hybe. [21] On July 1, 2021, Big Hit Music became a subsidiary of Hybe. [22]
Big Hit announced its rebranding into an entertainment lifestyle platform company under the name Hybe Corporation in March 2021. [44] The company underwent a complete organizational restructuring, which also saw the recording and management arm of Big Hit Entertainment spun off into a independent label named Big Hit Music under Hybe's new Labels division.
American rapper Jay-Z is the wealthiest music artist in the world, with Forbes estimating his net worth at US$2.5 billion in 2024.. The following is a list of music artists with the highest recorded net worth (also known as wealthiest musicians or richest musicians), based on calculations by reputable publications such as Forbes and The Sunday Times Rich List.
Scott Samuel "Scooter" Braun (/ b r ɔː n / BRAWN; born June 18, 1981) is an American talent manager, entrepreneur, record executive, and the CEO of Hybe America, the North American subsidiary of South Korean entertainment company Hybe Corporation.
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On January 31, 2018, iRiver announced its entry into the South Korean music industry. Together with parent company SK Telecom and music labels SM Entertainment, JYP Entertainment and Big Hit Entertainment, the company launched a new online music store, FLO, in the second half of 2018. [101]