Psy Net Worth
|Net Worth:||$60 Million|
|Date of Birth:||1977-12-31|
|Height:||5 ft 6 in (1.7 m)|
|Profession:||Singer-songwriter, record producer, dancer, choreographer, rapper, television personality, singer, songwriter, and actor|
Psy net worth:
Psy is a South Korean rapper who has a net worth of $60 million. Psy’s catchy hit single “Gangnam Style” and subsequent YouTube fame for the music video catapulted him to near-instant international fame.
On December 31, 1977, Psy was born. Park Jae-Sang is his given name. He was born into a prosperous family in Seoul’s Gangnam District.DI Corporation’s chairman, Park Won-Ho, is his father. Kim Young-Hee, his mother, is a restaurant owner. Psy went to Sehwa High School and was known as the class clown because he disliked school.
Former classmates have stated that he brought a contagious and lighthearted energy to his classes. The band Queen, particularly “Bohemian Rhapsody,” inspired Psy’s love of music. Park had intended to attend Boston University, but by the time he arrived in the United States and began classes, he had lost interest in his business administration studies.
Psy spent his remaining tuition funds on musical instruments and equipment. He dropped out of BU and enrolled at Berklee College of Music, but later dropped out to pursue a music career in South Korea.
In January 2001, he released his debut album, “PSY… From the Psycho World.” The South Korean government fined him for inappropriate content on the album. His second album, released in 2002, sparked controversy due to its explicit content.
Psy joined the South Korean military in 2003, following the release of his third album, which finally saw commercial success. This was part of a mandatory service imposed on all South Korean men aged 18-35. In 2005, he was excused from the military because he was exempt from working at a software development company.
In 2006, he returned with a fourth album that won awards at the 2006 SBS Music Awards. Around this time, Psy was accused by state prosecutors of ignoring his job to pursue his music career. He was redrafted by the court, and he was not released from duty until July 2009.
He was unable to release his songs due to financial constraints. In 2010, Psy signed with YG Entertainment and released his fifth studio album. Its first single, “Right Now,” was restricted to audiences under the age of 19. Psy had topped the domestic music charts a half-dozen times by this point, but had yet to reach international audiences.
With the release of his sixth album, “Psy 6 (Six Rules), Part 1,” everything changed for Psy. To say the song “Gangnam Style” exploded into mainstream music scenes around the world would be an understatement. The song officially charted to No. 1 on the iTunes Music Video Charts on August 21, 2012, surpassing Justin Bieber and Katy Perry. Since its release on July 15, 2012, “Gangnam Style” has been viewed over 3 billion times on YouTube.
The song peaked at number one on the iTunes sales chart and is the most-liked and viewed video in YouTube history. The song has been parodied numerous times around the world, including on Saturday Night Live, where Psy appeared as a surprise guest.
Psy has appeared on The Today Show, The Ellen Degeneres Show, and many other shows as a result of the success of “Gangnam Style.” On November 24, 2012, “Gangnam Style” broke the record for most views on YouTube. People all over the world have praised the song, including political leaders such as President Barack Obama and British Prime Minister David Cameron. The YouTube video has received over 3.5 billion views to date.
Psy Gangnam Style:
Life After Gangnam Style:
Psy gave a speech at the Oxford Union in England in November 2012, discussing the inspiration for the song. He described life after Gangnam Style as both a dream and a nightmare, because he knew his next song would never be as successful as the previous one.
Psy went on to become only the second South Korean musician to perform at the MTV Europe Music Awards later that month. Riding the success of Gangnam Style, Psy signed with Justin Bieber’s manager Scooter Braun and his Schoolboy Records in 2012.
He went on to release two more albums with varying degrees of success before launching his own company, P Nation, in 2019. Since the inception of his company, he has signed P Nation, Hyuna, Dawn, and other artists.
In October 2006, Psy married Yoo Hye Yeon, with whom he has twin daughters. Psy was arrested for marijuana possession in late 2001 and was fined and sentenced to 25 days in jail. As a result, he was unable to attend his grandfather’s funeral or bid him farewell.
How much money did Psy make from Gangnam Style?
Psy made a small fortune from his song “Gangnam Style” in the first year of its release, thanks to its incredible success.
Psy’s 7 billion video views have resulted in millions of dollars in ad revenue sharing. Psy has earned approximately $4 million from the 4 million iTunes downloads. His streaming earnings are pitiful, totaling only $500,000.
Psy has also amassed an estimated $8 million in earnings from endorsement deals with companies such as Samsung. Before taxes, manager fees, and other expenses, Psy has pocketed more than $20 million as a result of the phenomenal success of “Gangnam Style.”
Psy’s family has made millions as well:
During the “Gangnam Style” craze, another interesting thing happened to Psy and his family. For some reason, the stock of his father’s publicly traded company skyrocketed at the same time as Psy’s single exploded.