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What’s the price tag for keeping a roster of global superstars happy these days? For Hybe Corp., more than $230 million, the value of shares the South Korean music juggernaut has pledged to BTS, Ariana Grande and Justin Bieber, in addition to more than $100 million the K-Pop sensation has earned from music sales and touring. The shares, which Hybe says are for “inspiring morale,” have almost doubled since the Seoul-based company went public in October as Big Hit Entertainment. Big Hit, which was founded by billionaire Bang Shi-hyuk, set a precedent by offering equity to the seven members of the boy-band powerhouse that is now valued at more than $107 million. That puts the band’s total take as a Hybe group at more than $214 million, including $107 million of pretax earnings Forbes estimates the group has earned since 2018, when they blew up on the global music scene. For Bang, who has a net worth of $2.8 billion, it’s money well spent. BTS represented 87% of the KRW 290 billion ($260 million) Hybe reported for the first half of 2020. That reliance on one group is a key reason for Hybe’s $1.05 billion purchase of Scooter Braun’s Ithaca Holdings, which manages Grande and Bieber, and owns the record company, Big Machine Label Group that is home to Rascal Flatts, Sheryl Crow and Tim McGraw. The deal, which closes May 7, will bring Braun’s shares valued more than $103 million plus an undisclosed amount of cash. It’s the second [More]

Title: Here’s How Much Money Is At Stake In A Kim Kardashian-Kanye West Divorce Read More Stories Here: www.haveitalldaily.com Description: I am sure pretty everyone knows Kim Kardashian and Kanye West are rich and of course as most marriages amongst the rich go there is most likely a pre-nup in place, although the matter of a pre-nup is pretty complex for the two. Both Kanye and Kim have impressive fortunes, Kanye is thought to be worth 1.26 billion mainly from his Yeezy clothing brand while Kim Kardashian is worth 750 million according to Forbes from a combination of KKW Beauty, her reality TV show and other investments. However the two have been married since May 2014 and a lot has changed since. According to Nicki Swift West was worth $100 million and Kardashian was worth $30 million when wed. West was clearly the richer of the two back then so when the prenup was signed, it was agreed that in the event of a divorce he would give her $1m for each year of marriage for the first 10 years. Of course both earn significantly more raising the question around whether the pre-nup will be enforced and if so how? According to the Mirror, In November 2019 they described the prenup as worthless. Speaking to Nicki Swift, divorce lawyer Christina Previte shed more light: “It is true that both of their financial circumstances have improved significantly since they were first married. However, it remains to be seen what their financial [More]