Seojanghoon: "The 2 trillion won fortune rumor is a joke... Real estate holdings worth 70 billion won, not net assets"

Seo Jang-hoon denied the rumor of having a 2 trillion won fortune surrounding him and revealed his actual asset situation and frugal habits. He owns three buildings in Seoul but expressed discomfort over a joke that started on a variety show being mistaken for fact. Seo Jang-hoon cited saving and frugality during his athlete days as the secret to accumulating his assets. He said, ″I didn’t spend the money I earned as a player at home, so I was able to keep saving it,″ and added, ″As I saved what I earned, it accumulated and grew a bit more.″ He also mentioned his frugal spending habits, saying, ″I cut down on everything I can reduce,″ and revealed, ″The only money I spend on myself is for food delivery.″ He added that even if he wants to buy clothes, it’s not easy to find clothes that fit due to his large build. On the SBS variety show ″Anything for You - Secretary Jin,″ where Lee Seo-jin and Kim Kwang-gyu accompanied him, Seo Jang-hoon revealed that he owns three buildings and confessed, ″There are difficulties in my own way.″ When Lee Seo-jin asked, ″Why did you put the building up for sale? There was even an article about it,″ Seo Jang-hoon mentioned putting the Dabobuilding in Seocho-dong on the market. The building was purchased in 2000 for about 2.817 billion won and was listed for sale in August for 45 billion won. It has two basement floors and five above-ground floors, with a land area of 376.9m2 and a total floor area of 1,474.9m2. Although the asking price is 42.183 billion won higher than the purchase price, he explained that this is not an actual capital gain from the sale. Seo Jang-hoon bought a building in Heukseok-dong jointly with his mother in 2005 for about 5.8 billion won, and in 2019, he purchased a building in Seogyo-dong for about 14 billion won. It is estimated that the value of his real estate holdings exceeds 70 billion won, but it was also noted that this is not net assets reflecting debts and other factors. Regarding the ″2 trillion won fortune″ rumor, Seo Jang-hoon explained, ″Kim Hee-chul joked on a variety show, and it was exaggerated to 2 trillion won,″ clarifying that the joke on JTBC’s ″Knowing Bros″ was distorted. He said, ″Do you know how many people in our country have 2 trillion won? I looked it up, and there are about 35,″ adding, ″How would I make 2 trillion won? Out of 100 people, five or six really believe it.″ Seo Jang-hoon also emphasized on EBS’s ″Seo Jang-hoon’s Millionaire Next Door″ regarding tenant eviction issues, ″For your information, I have never once told anyone to move out.″ About income from the large rooftop electronic billboard, he revealed in 2017, ″The income is not mine. I lease the entire billboard to someone else and only receive rent.″ Seo Jang-hoon is known for setting rent lower than the market rate and has earned the nickname ″kind landlord.″