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PUBG Owner Set to Become a Billionaire After Game Company Goes Public in South Korea

pubg

Krafton Inc., the company behind PlayerUnknown’s Battlegrounds (PUBG), is set to turn its owner into a billionaire when it goes public next month.

“Winner, winner, chicken dinner”: Krafton founder Chang Byung-gyu, who holds 14% of the company’s shares, could be worth as much as $3.5 billion if initial public offering (IPO) prices stay at the top end of the company’s IPO filing’s range, reported Bloomberg Billionaires Index.

China’s Largest Phone Company Gives Their CEO a $1.5 Billion Bonus

China’s largest smartphone maker Xiaomi has reportedly given their CEO one of the largest executive bonuses in history.

CEO Lei Jun, who helped catapult Xiaomi to become the fourth largest smartphone company in the world, received a $1.5 billion bonus in stock options to “reward him for his contributions,” according to Business Insider via The Wall Street Journal.