Singer, rapper of hit single ‘Gangnam Model’, Park Jae-sang, recognized professionally as Psy, has a web value of a whopping $60 million.
Psy is a South Korean singer, rapper, and file producer.
He’s finest recognized for his hit single Gangnam Model, of which the refrain half was entered into The Yale Ebook of Quotations in 2012 as one of the well-known quotations of that yr.
The track peaked on music charts in additional than 30 nations and likewise turned the primary track to hit 1 billion views on YouTube.
Other than Gangnam Model Psy additionally has one other large hit single, Gentleman, which debuted at primary in Billboard Prime 100.
Psy carried out in a New 12 months’s Eve celebration with American rapper MC Hammer in Instances Sq., New York Metropolis.
Furthermore, Park Jae-sang was born in a Gangnam District, Seoul, South Korea, in a rich household.
Earlier than wanting on the web value of PSY, let’s check out our iconic Gangnam styler, PSY’s private particulars.
|Start Title||Park Jae-Sang|
|Start Date||December 31, 1977|
|Start Place||Gangnam District, Seoul, South Korea|
|Age||43 Years Outdated|
|Father’ Title||Park Received-ho|
|Mom’s Title||Kim Younger-hee|
|Siblings||Park Jae-eun (Sister)|
|Weight||82 kg, 180.77 lbs.|
|Distinctive Options||Wears Black Sun shades, Loves Carrying Fits and Tuxedos|
|Top||5 toes 6 inches, 167.67 cm|
|Occupation||Singer, Songwriter, Rapper, File Producer|
|Style||Okay-pop, hip hop|
|First Album||Psy from the Psycho World|
|First Movie||2002 Moist Goals|
|First TV Present||2001 Lovely Days|
|Favourite Meals||Kimchi Stew, Sizzling Stone Bibimbap|
|Function Mannequin||Freddie Mercury|
|Managers||William Morris Endeavor Leisure, Seoul-based YG Leisure Inc.|
|Awards||AMA, Asian Pop Music Awards, Capricho Awards, Model Icon Awards, CICI Korea Awards, and World Music Awards|
|Music Label||P Nation (Owned), Bidman, LNLT Leisure, YG Leisure, YGEX, Avex Trax, Republic, Schoolboy Data|
|Social Media||Instagram, YouTube, Twitter, Facebook, Spotify|
|Internet Price||$60 million|
|Final Replace||December 2021|
Psy: Internet Price and Revenue
South Korean singer and rapper Psy has an astonishing web value of $60 million as of 2021.
His hit single ‘Gangnam Style‘ proved that digital music streaming platforms are far more clear by way of gross sales and singers’ royalty than bodily file gross sales.
The track hit the number one spot in additional than 30 nations across the globe and was licensed five-times platinum in the USA, 2 occasions within the UK, and 10 occasions platinum in Australia.
Despite the fact that Psy didn’t make that a lot from Gangnam Model within the first yr of its launch, it went on making a fortune for the singer in a while.
Because of the unimaginable success of the track, Psy made $4 million from 4 million iTunes downloads alone.
Even if it made a mere $500,000 from streaming revenues, it made much more than that from a number of different add-ons.
The success of the track introduced Psy about $8 million from endorsement offers.
All in all, the South Korean celebrity earned greater than $20 million by way of the track earlier than taxes, managers charges, and so forth.
It’s protected to say that the track boosted his fame and fortune to the stratosphere.
Furthermore, he earned greater than $40 million in 2012 from TV commercials, live performance ticket gross sales, and social media income from his hit track Gangnam Model.
In spite of everything cuts on his earnings, together with taxes, file label lower, he bagged about $28 million in 2012, all because of his 7:3 profit-sharing take care of YG Leisure.
Moreover, YouTube alone earned him $10 million.
Other than that, Psy now has his personal file label named P Nation, which he based in 2018.
He has signed Daybreak, Hyuna, and different artists for the reason that institution of his firm.
Curiously, because of his reputation globally, his household made cash as effectively. His father’s public traded firm rose steeply for some cause throughout the identical time that Psy’s single topped charts.
His household remodeled $30 million throughout his profession peak.
Internet Price of Psy in Totally different Currencies
So, Let’s take a look into the online value of PSY in several currencies, together with the cryptocurrency BitCoin.
|Foreign money||Internet Price|
|Euro||€ 50.97 million|
|Pound Sterling||£ 43.62 million|
|Australian Greenback||A$ 81.37 million|
|Canadian Greenback||C$ 43.62 million|
|Indian Rupee||₹ 4,457,240,000|
Homes and Automobiles
With a web value of over $60 million, Psy can afford to reside within the exorbitant cities on the planet. Nonetheless, he selected Los Angeles due to his enterprise. He additionally owns an excellent up to date rental within the metropolis of angels.
In keeping with LA Instances, Psy bought a 2,776 sq. toes rental within the unique Blair Home on Wilshire Boulevard in 2012 December for $1.249 million. And he paid in money for the unit.
Reportedly Psy additionally owns a good looking home in his house nation South Korea. His home is positioned in one of the unique districts of South Korea’s Seoul.
A median unit in Gangnam district prices about $800,000.
The South Korean star has a large assortment of automobiles. He principally prefers luxurious and fashionable wheels as his each day driver.
His assortment contains Rolls Royce Phantom value $450,000, Mercedes-Benz S Class value $380,000, McLaren MP4 12C value $180,000, and Hyundai Equus value about $90,000.
Psy leads a reasonably lavish life-style. He’s been married to Yoo Hey-yeon since October 2006, and the couple now has twin daughters.
He loves spending time together with his household and associates within the States in addition to again house.
Furthermore, Psy is an avid marijuana smoker. In reality, he was arrested for possession of marijuana in late 2001 and was fined and sentenced to 25 days in jail. Consequently, he by no means acquired to say goodbye to his grandfather.
Psy was born and raised in a well-off household. His father is the CEO of DI Company, and his mom is a well-known South Korean restaurateur.
Psy dropped out of Boston College and enrolled at Berklee Faculty of Music, however the future had one thing else deliberate up.
He in the end dropped out of school as effectively and returned to South Korea to pursue a music profession.
Moreover, the whole lot modified with the discharge of Gangnam Model.
His uncommon track exploded within the mainstream music scene and saying it went viral on-line can be an understatement. It smashed quite a few data and peaked on the highest of virtually each chart.
As of 2021, the track has over 4.22 billion views on YouTube.
The track has been acclaimed by folks around the globe, together with well-known politicians reminiscent of British Prime Minister David Cameron and President Barack Obama.
Psy has a beneficiant coronary heart and infrequently indulges in charitable causes and organizations.
Again in 2017, he donated over 100 million and about $92,284 to native charities to assist the earthquake victims in Pohang.
Equally, again in 2013, the rapper donated 500 million received and about $424,000 to Kids with Most cancers.
Furthermore, Psy carried out at a charity live performance in Washington D.C, United States. He carried out his most well-known track, Gangnam Model.
Among the many attendees was former president Barack Obama. The live performance aired on TNT on 21 December 2012.
Moreover, he additionally helps World Imaginative and prescient and Rotary Worldwide, amongst different organizations.
Investments and Endorsements
The South Korean rapper and singer Psy has been part of a number of manufacturers over time.
Following the success of his hit single Gangnam Model, he remodeled $8 million from endorsement offers alone.
He’s been inked in endorsements with manufacturers reminiscent of Samsung and Fantastic Pistachios.
Equally, again in 2012, Hyundai partnered up with rapper Psy to endorse its Equus luxurious Sedan.
Psy has not simply earned cash from his profitable music profession however has additionally made some intelligent investments.
After he left YG Data, he went on establishing his personal file label, P Nation, in 2018. Reportedly, he invested $6.8 million on the file firm, which has already produced artists reminiscent of HyunA and E’Daybreak.
South Korean rapper and singer Psy launched his first album entitled Psy From The Psycho World in 2001. Nonetheless, the rapper was fined by the South Korean authorities authorities stating inappropriate content material.
Likewise, his second album additionally stirred controversy in 2002 due to express content material. It was not till 2003 that Psy tasted a bit blood of success with the discharge of his third album.
After that, he served the obligatory South Korean navy service. In 2005 he was discharged from the navy as a result of he had an exception from working at a software program firm.
After that, he targeted fully on his music profession and launched his fourth album, which received honors on the 2006 SBS Music Awards.
He was additionally accused by state prosecutors of neglecting his work to embark upon his music profession.
Following the accusation, he was redrafted by the courtroom and was not launched from duties till 2009.
In 2010 he joined YG Leisure and likewise launched his fifth album. At this level, he was already gaining home consideration however was but to achieve mainstream audiences.
In the end, on 15th July 2012, Psy launched his single Gangnam Model because the lead single of his sixth studio album, Psy 6 (Six Guidelines), Half 1, and the remaining is historical past.
Unknown Info About Psy
- South Korean star obtained a Diamond Play Button from YouTube for surpassing 10 million subscribers on his official channel, which made him the primary Asian artist to perform the feat!
- He considers Freddie Mercury from the rock band Queen to be his musical affect.
- Psy’s favourite actor is celebrity Tom Cruise, and he actually needs to fulfill him personally.
- The title Psy is definitely brief for Psycho.
What’s Gangnam imply in English?
In a literal sense, Gangnam means south of the river. Gangnam can be the glamorous and richest place in Seoul, South Korea. And the refrain of the track Oppa Gangnam roughly means your man has Gangnam Model.
What was the primary YouTube video to hit a billion views?
The primary-ever video to achieve a billion views on YouTube was clearly Psy’s Gangnam Model.
Did Psy retire?
Psy left YG Leisure in 2018 after eight years to start out his personal file label. He nonetheless produces and releases music from his personal file label, P Nation.