Psy (Park Jae-sang): Singer’s fortune & salary

How much money does Psy have?

The real name of the South Korean Psy is Park Jae-sang and was born on December 31, 1977 in Seoul. He has been active as a musician and dancer since 2001, and his international breakthrough came in 2012 with the song Gangnam style. With this, Psy not only made himself known worldwide, but also the Seoul trendy Gangnam district. His hit now has over 3.6 billion clicks on YouTube. In 2019 Psy founded his own label P Nation. The cherished Psy’s net worth is 53 million euros.

From college dropout to YouTube star

Psy was born to an entrepreneurial couple in the Gangnam neighborhood of Seoul. From 1996 to 2000 it held out Psy in Boston to study there. However, he left the university before graduation to devote himself to his music career.

His debut album PSY from the Psycho world, which appeared in 2001, fined the South Korean government for “inappropriate content”. There was also controversy about the content of the second album from 2002. Shortly after the release of the third album, the singer had to join the military. He released his 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 this point, Park Jae-sang had topped the domestic charts six times, but his music was still not widely recognized internationally.

2010 should come up with the sixth album Psy 6, Part 1 change everything: the song Gangnam style shook the mainstream music scene around the world. But not only that, until 2017 Psy also held the YouTube record for the most viewed video. Until 2016 he was the record holder of likes for a song on YouTube. After more than 2 billion clicks, YouTube technicians had to program a new counter, because apparently nobody had expected a video to become so popular. Meanwhile, a video can be clicked an unspeakable 9,223,372,036,854,775,808 times before the counter fails again.

Revenue from Google Ads

In 2013, his world-famous song Gangnam Style grossed more than 7 million euros through advertisements on YouTube alone. Part of the income is passed on to the artists, so Park Jae-sang earned 1.8 million euros in 2013 alone in this way. Of course, he continues to earn from YouTube clicks and the associated advertisements. Generated monthly Psy a YouTube salary of up to 200,000 euros. The South Korean earned around 3.5 million euros from around 4 million i-Tunes downloads. The income from streaming amounts to around 445,000 euros. Advertising deals, such as the one with Samsung, increased his fortune. The Samsung contract brought the musician a whopping 7 million euros. Overall, the success of Gangnam style Psy’s account made countless millions of euros richer.

Psy today

Two more albums were released in 2015 and 2017, and in 2018 he announced that he was leaving his previous agency, YG Entertainment. In 2019 Psy founded his own label P nation, for which he was able to engage rapper Jessi and later also Hyuna and E-Dawn. He has been private since Married to Yoo Hye-yeon in 2006, the couple have twin daughters.

In his home country is Psy a cult figure, in addition to his music, he is also known for his humor. He still ensures full concert halls. An international success following the Gangnam style but has not yet succeeded.

_{Image sources:
Universal Music}