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Lee Soo Man’s stocks have jumped $20 million USD in appraised value this year .


Despite being just two months into 2011, the appraised value of SM Entertainment’s Lee Soo Man’s stocks has jumped $20 million USD thanks to the achievements of SNSD and TVXQ, placing his total appraised value at $88 million USD as of February 18th.

Lee owns 24.43% of SM Entertainment’s stock (which makes him the largest shareholder), and he became the first ever Korean entertainer to hit the $100 million USD mark in stocks on November 1st. Lee closed the year off on December 30th with a decrease, recording at $68.3 million USD. On February 17th, however, SM’s stocks recorded at $21.75 USD, bringing the total appraised value of his stocks back up to $88 million USD.

Thanks to the success SNSD and TVXQ have been achieving both in Korea and overseas, industry representatives have interpreted the $20 million jump to mean that he will easily record back into the $100 million rank sometime this year.

Source: Newsen, Star News via Daum

Taken from: allkpop.com


Saturday, February 19, 2011 , 12:15 AM