Psy Net Worth: How Much Does the K-Pop Artist Earn?

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Wish to know about Psy net worth? Want to know how he came into the industry? Well, read on for that! This blog will possibly cover everything you need to know about Psy net worth and more!

There is hardly anyone who does not like music. And just the other music industries, Korean music has evolved to become a very popular one. The melodious and rhythmic grooves are driving people crazy. So, if you wish to know more about Psy net worth, his popularity and more, it’s time you start scrolling down! We will give you vivid idea in this regard.

K-pop or the Korean music industry has reached new heights and set new records in today’s entertainment network. The lingo “K-pop” became popularized in the early 2000s.

The early K-pop artist band were the boy band Seo Taiji and Boys in 1992. Recently, we have many emerging K-pop artists who have started to make a mark in the music industry: the BTS, Seventeen, iKon, Blackpink, and others.

Today we would like to discuss the most prominent K-pop artist who has made his mark visibly in the entertainment industry. Yes, we are talking about the popular “Gangnam Style” artist – PSY. Scroll down below to know more about his life, career, breakthroughs, awards, and most importantly, Psy net worth, and much more!

Psy Net Worth
PSY!!

Who is Psy?

Park Jae Sang, who goes by the name of PSY in the entertainment industry, took birth on 31st December 1977. He is a South Korean singer, songwriter, rapper, and record producer.  He is known internationally for the popular single – “Gangnam Style,” which he released in 2012. The song became the first most viewed music video on YouTube on 21st December 2012 with over 1 billion views. Also, it completed its 2 billion views – 31st March 2014. And it is the 8th most viewed music video on YouTube with 4 billion+ views in 2021.

Early life

PSY was born in the Gangnam district of Seoul in South Korea to a prosperous family. His mother’s name is Kim Young-hee, who is the owner of several restaurants in Gangnam. His father – Park Won-Ho, is the executive chairman of DI Corporation – a manufacturer of semiconductor manufacturing equipment that is listed on the Korea Exchange. He completed his schooling at Banpo Elementary and Middle School and Sehwa High School.

PSY is a dropout of Boston University. He studied for one semester for the English Language summer course and applied to Berklee College of Music to learn more about music.

Park was frequent in co-curriculum lessons of contemporary writing, ear training, along music synthesis. He soon dropped out from Berklee College of Music without obtaining a degree as well and returned to his hometown of Gangnam to make his future as a singer.

PSY revealed in an interview that his love for music sparked when he was 15 and watched the concert footage on his television of the British rock band Queen and saw them perform their 1975 hit song – Bohemian Rhapsody.

Personal life

PSY and Yoo Hye-yean dated for 3 years before they finally tied the knot on 14th October 2006. She is said to have a major in cello from Yensoi University. The couple is now parents to two daughters (twins).

Music Career

PSY’s music career has been through a lot of ups and downs and a whole lot of controversies. Let us go through his career below:

2001-2002

Psy released his very first music album – “Psy from the Psycho World!”, in 2001. He was subsequently fined for the same by South Korean government authorities for the album’s “inappropriate content.” Psy’s unequivocal lyrics, bizarre dance moves, and unconventional outfits ultimately led to people referring to him as “The Bizarre Singer.”

His second music release – “Sa 2,” also generated quite the dispute when it was released in 2002. Civil groups complained about the nature of his songs and unparliamentary lyrics and talked about the adverse negative effect on children and teenagers. “Sa 2” was banned in 2002 from being handed out to the under-19 age group.

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PSY released his third album – “3 Psy,” later that year in September. The album’s leading song, “Champion,” was an immense success because of its promotion from the World Cup matches to be held in Seoul.

2006

PSY released his 4th album this year named – Ssajib. The album went on to win Hong Kong’s Mnet Asian Music Awards

2010

Park could no longer make and release his own music given his crippling financial issues. He joined Y.G. Entertainment to continue with his music career. Later that year, he released his 5th single – “PSY5”. The South Korean government officials’ leading song – “Right Now” was outlawed due to its salacious lyrics – “Life is like toxic alcohol.”

2012

Gangnam Style and international breakthrough: Park released his 6th album – “PSY 6 (Six Rules), Part 1” under the label of Y.G. Entertainment. It had the most popular song of his career – “Gangnam Style,” which made records worldwide.

The single topped the YouTube’s monthly list of Most Viewed Videos on 14th August 2012; it shook the music apps when it ranked no. 1 on iTunes Music Video, leaving behind Katy Perry’s – “Wide Awake” and Justin Bieber’s – “As Long As You Love Me.” He was the first K-pop artist to achieve this mark on an international level.

After the success had kicked in, PSY was invited to The Today Show on 14th September 2012 in New York City. He performed the single life and didn’t hesitate to teach the signature steps to the show anchors.

PSY was honored by the United Nations as the current “Internet Sensation” on 24th October 2012. Reports say U.N. Secretary-General Ban ki-Moon arranged a meeting with PSY to discuss his music and his recent hit song. The Secretary-General expressed his interest in working with PSY and commented that he has an “unlimited global reach.”

PSY went on to be designated as the goodwill ambassador of the UNICEF. “Gangnam Style” went on to achieve some more awards when it left behind Lady Gaga, Rihanna, Katy Perry, and others to win the “Best Music Video” at the MTV Europe Music Awards on 12th November 2012.

2019 – present

With widespread international success and love pouring from worldwide, PSY launched its own company – P Nation. He has signed some well-known K-pop artists to his company: Jessi, Hyuna, Dawn, and Crush.

 

Awards

The South Korean internet sensation has won many awards, and we would like to list them down below.

2012

He has won many awards this year pertaining to his internet sensation song – “Gangnam Style.” Some of them are:

  • New Media Award – American Music Awards
  • Viral Video of the Year – Capricho Awards
  • Song of the Month (July) – Cyworld Digital Music Awards
  • Global Artist Award – Melon Music Awards
  • Top 10 Artist – Melon Music Awards
  • Favorite International Artist – Mnet Asian Music Awards
  • Best Video – MTV Europe Music Awards
  • Daesang Award – Seoul Music Awards
  • Style Icon of the Year – Style Icon Awards

2013

Some of the awards won this year by Park are:

  • Artist of the Year – Song (August) – Gaon Chart Music Awards for his work – “Gangnam Style.”
  • Global Artist Award – Melon Music Awards for his hit single “Gentleman.”
  • Favorite Male Singer – Nickelodeon Korea Kid’s Choice Awards for his work – “PSY5”

2014

The awards won by him are as follows –

  • Artist of the Year – Song (April) – Gaon Chart Music Awards for his single “Gentleman.”
  • Digital Bonsang – Golden Disc Awards – “Gentleman”

2015

Park won the Star of the Year Award under the CICI Korea Awards for his incredible work in “PSY5”.

2016

He went on to win the Artist of the Year Award under the label Gaon Chart Music Awards for his single – “Daddy.”

2018

Park also won the Artist of the Year Award under the label Gaon Chart Music Award for his music video – “I Luv It.”

Psy Net Worth

Park has earned his worth through various music projects over the years. In 2021, Psy net worth stands at an impressive $60 million (approx.).

Live shows, concerts, brand endorsements, music albums, revenue through YouTube and music apps have added significantly to the net worth of PSY over the years. And with his popularity, we hope that Psy reaches more and more heights, and his net worth increases over the years.

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Contemporaries

This supremely talented K-pop artist has some very talented contemporaries. To name some, we have – BTS, JYP, and Blackpink, among others. Please scroll down below to know more about them and their net worth.

 

BTS Net Worth

BTS is a supremely talented K-pop band that constitutes 7 members, namely – Jimin, V, Suga, J-Hope, Jungkook, RM, and Jin. They have climbed the stairs of hard work and have made a prominent name in the entertainment industry very recently in 2017. Some of their notable works include – Butter, Dynamite, My Universe, Life Goes On, Permission to Dance, and other hits.

The net worth of each member of BTS in 2021 are as follows:

  1. Jimin – $20 million (approx.)
  2. V – $20 million (approx.)
  3. Suga – $23 – $25 million (approx.)
  4. J-Hope – $24 – $26 million (approx.)
  5. Jungkook – $20 million (approx.)
  6. RM – $20 – $22 million (approx.)
  7. Jin – $20 million (approx.)

YouTube revenue, social media posts, live shows and concerts, and several brand endorsements have added to their respective net worth.

JYP Net Worth

Park Jin Young, who is well known by the name of JYP in the music industry, is a South Korean song maker, singer, and record producer. Some of his notable works are – Only You, Bad Girl Good Girl, Fever, When We Disco, Switch to Me, and others. He founded his own company – JYP Entertainment Cooperation, in May 1997.

JYP’s company’s net worth is a magnificent $150 million. It has over 300+ employees to its name. JYP’s net income through his company and his music projects is $26.4 million (approx.)

Blackpink

Blackpink is a South Korean girl’s band under the Y.G. Entertainment label. It has four members – Lisa, Rose, Jisoo, and Jennie. Also, it was founded in August 2016. Some of their notable works – How You Like That, As If It’s Your Last, Ice Cream, Kill This Love, and others.

The individual net worth of the Blackpink members in 2021 are as follows:

  1. Lisa – $10 million (approx.)
  2. Rose – $8 – $10 million (approx.)
  3. Jisoo – $10 million (approx.)
  4. Jennie – $10 million (approx.)

They have earned their worth through YouTube revenue, brand endorsements, and public appearances, among others.

Frequently Asked Questions (FAQs)

Below we have listed down the most frequently asked questions about PSY. Could you scroll down to know more about them?

How old is PSY?

PSY took birth on 31st December 1977 and is currently 43 years old.

Who is PSY’s wife?

PSY married Yoo Hye – Yean on 14th October 2006 after being in a relationship with her for 3 years.

How much did PSY earn from “Gangnam Style”?

PSY’s total income from his hit single “Gangnam Style” stands somewhere between $15 – $20 million. The international hit made $8 million alone from YouTube revenues and endorsements. People have loved the music so much that they downloaded it from iTunes and played it over Spotify millions of times. These have significantly added to the earnings of the music video. The rest of the money came in through live shows, concerts, and promotions of the same.

What is the net worth of PSY?

As per media reports, PSY’s net worth stands at a whopping figure of $60 million in 2021.

How tall is PSY?

The South Korean ArtistArtist is 5 feet 6 inches or 1.67 meters tall.

What is the net worth of P Nation?

PSY launched its own company, P Nation, in October 2018. The individual net worth of the members of P Nation are:

PSY – $60 million

Jessi – $8 million

Hyuna – $12 million

Dawn – $7 million

Final Thoughts

We have reached the end of our blog today, we hope you know more about Psy net worth and more. With the immense popularity of the K-pop industry, we can only wish them luck and more prosperity in the future. We are affirmative that we would get more and more hits from PSY and his contemporaries in the coming future. PSY’s career notes us to follow our passion no matter how many hurdles come our way. We must overcome them in the true spirit and not let them bring us down or divert us from our targets. So, do listen to the music Psy offers and let us know in the comment section below which ones you love the most. We wish all the best to Psy for the upcoming projects!

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