The founder of South Korea's largest cryptocurrency exchange Dunamu joins the ranks of billionaires through a $13.6 billion merger deal

According to Bloomberg, the founders of South Korea's largest cryptocurrency exchange, Dunamu Inc., Song Ji-hyung and Kim Heung-nyeon, agreed last week to sell the company to the fintech division of Naver Corp., with the transaction being conducted entirely in stock.

According to the Bloomberg Billionaires Index, in this merger deal valued at $13.6 billion, Song Ji-hyung will receive a 19% stake in the merged entity, worth $2.7 billion; Kim Heung-nyeon will receive a 10% stake, worth $1.4 billion, thus placing both of them among the wealthiest people in the world.