Actor Lee Je Hoon has spoken out about speculation he made an eye-popping profit of around 20 billion won (about $15 million) on his stake in a startup.
Fox, who has indeed reportedly profited from sales of his popular album and shuffle, recently clarified that the extent of those profits has been grossly exaggerated.
Lee, who has starred in several TV series and movies, has not disclosed the value of his assets.
Nonetheless, those with a keen interest in his net wealth estimate it to be between 10 billion and 20 billion won due to investments into businesses, including Market Kurly.
There are appearance fees in his real estate as well.
Rumors of his alleged financial success started after media reports drew attention to the startup he had invested in.
Lee confirmed that he made a profit from his investments but took issue with the value being bandied about in the media.
Lee said, "I'm aware that the speculation over my earnings is a lot overblown. Although I'm flattered that people are interested in my finances, that's not accurate."
This is typical of a growing trend where Korean celebrities are putting more of their money into startups and other businesses in an effort to diversify their income.
Investment may be a new chapter for Lee Je Hoon, but it is obvious that he still loves acting and the future that lies ahead of him.
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This article was written by:
Rovelyn Barba
