Last Updated on April 21, 2022
Psy is a South Korean rapper, became famous for his hit single “Gangnam Style”, has a net worth of $60 million(1)
| Net Worth | 60 000 000 $ |
|---|---|
| Born | December 31, 1977 , Gangnam District, Seoul, |
| Residence | – |
| Occupation | Singer, songwriter, record producer, rapper |
How much money does Psy have?
The South Korean Psy is called Park Jae-sang by his civil name and was born on December 31, 1977, in Seoul. Since 2001 he has been active as a musician and dancer, his international breakthrough came in 2012 with the song Gangnam Style. With this song, Psy made not only himself but also the Seoul scene quarter Gangnam has known worldwide. Meanwhile, his hit has been recorded on YouTube with more than 3.6 billion clicks. In 2019 Psy founded his own label P Nation. The estimated assets of Psy are 53 million Euros.
From college dropout to YouTube star
Psy was born as the son of an entrepreneurial couple in the Gangnam district of Seoul. From 1996 to 2000 Psy stayed in Boston to study. However, he left the university before graduation to devote himself to his music career.
His debut album PSY from the Psycho world, released in 2001, earned him a fine from the South Korean government for “inappropriate content”. The second album from 2002 was also the subject of controversy regarding its content. Shortly after the release of the third album, the singer had to join the military. He released the fourth album in 2006 and this also attracted attention at the SBS music awards. In 2010 the fifth album was released by YG Entertainment. At that time, Park Jae-sang had already topped the domestic charts six times, but internationally his music has not yet received much attention.
In 2010, the sixth album, Psy 6, Part 1, would change everything: The song Gangnam Style caused a worldwide quake in the mainstream music scene. But not only that, until 2017 Psy also held the YouTube record for the most clicked video. Until 2016 he was record holder of Likes for a song on YouTube. After more than 2 billion clicks YouTube technicians had to program a new counter, because obviously nobody expected that a video would ever become so popular. Meanwhile, a video can be clicked an unspeakable 9,223,372,036,854,775,808 times before the counter fails again.
Income with advertisements from Google
In 2013, his world-famous song Gangnam Style earned more than 7 million $ from ads on YouTube alone. Part of the proceeds is passed on to the artists, earning Park Jae-sang 1.8 million $ in 2013 through this channel alone. Of course, he continues to earn from YouTube clicks and the associated advertisements. Every month Psy generates a YouTube salary of up to 200,000 $. The South Korean earned about 3.5 million $ from the approximately 4 million iTunes downloads. The income from streaming amounts to about 445.000 $. Advertising contracts, such as the one with Samsung, further increased his assets. The Samsung contract brought the musician a whopping 7 million $. All in all, the success of Gangnam Style Psy’s account has made Psy’s account richer by countless millions of Dollars.
Psy today
In 2015 and 2017 two more albums were released, in 2018 he announced the departure from his former agency YG Entertainment. In 2019 Psy founded his own label P Nation, for which he was able to sign rapper Jessi and later Hyuna and E-Dawn. Privately he has been married to Yoo Hye-yeon since 2006, the couple has twin daughters(2)
In his home country Psy is a cult figure, besides his music he is also known for his humor. He still makes sure that concert halls are full. However, he has not yet achieved international success following the Gangnam Style.
Source:
- Psy Net Worth (https://www.celebritynetworth.com/richest-celebrities/richest-rappers/psy-net-worth)
- Psy (https://en.wikipedia.org/wiki/Psy)
