Psy – Net Worth, Money and More

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NET WORTH-$25 MILLION

PROFESSION-SINGER, SONGWRITER, RAPPER, DANCER, RECORD PRODUCER, TELEVISION PERSONALITY

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Oppan Gangnam Style”. The words, in a New York minute, bring a sudden excitement and thrill to our minds. The song was composed by South Korean singer Park Jae-sang. He is avowed by his stage name PSY. On December 21, 2012, his music video for “Gangnam Style” exceeded 1 billion views on YouTube, becoming the first and currently only video to do so in the website’s history. He was born on December 31, 1977 at Gangnam District in Seoul, South Korea. GANGNAM literally means “South of the (Han) River”. Stylized Psy, is domestically acclaimed for his humorous videos and stage performances, and internationally for his astounding single “Gangnam Style”.

 

His net worth

The net worth of Psy is $25 million. Psy expertise as a singer, songwriter, rapper, dancer, record producer and television personality.

Psy’s “Gangnam style” reaped him $870,000 worth of ad revenue sharing. From the 2.7 million iTunes downloads Psy has earned $2.4 million. His surging pay off are relatively paltry, a mere $60,000. Psy has also earned an estimated $4.6 million from endorsement deals with brands like Samsung. In total, the incredible success of Gangnam style has put nearly $8 million into Psy’s pockets, before taxes, managers fees etc.

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Psy’s family assets

Psy’s popularity brought a healthy fortune for his family. Psy’s father Park Won-Ho is the Chairman of DI Corp and his brother Park Won-Deok is listed as Vice Chairman. Prior to Gangnam style’s release, the company, which manufactures semiconductor testing devices, had lost money in each of the previous four quarters. That drop hit Psy’s father and brother hard because they own 10% and 15% of the company, respectively. The meteoric rise of South Korean rapper Psy and his wildly popular song Gangnam Style caused an equally meteoric rise in something unexpected and seemingly unrelated, the stock price of his father’s company DI Corporation. Even though the two phenomenon should theoretically have no impact on each other, for some inexplicable reason DI Corp’s stock has risen 188% since the song exploded on YouTube and every other music sales chart.

His mother, Kim Young-hee, owns several restaurants in Gangnam

Recently, psy purchased a home in the Westwood section of Los Angeles, California. Psy’s house in Westwood is in the swanky Blair House tower. The two-bedroom, two-bath condo worth $1.249 million, affords the singer with spectacular views of Century City.

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His Prosperity

“Gangnam Style” is a Korean neologism that refers to a lifestyle associated with the Gangnam District of Seoul.

Gangnam Style, released by YouTube on July 15th 2012, by mid-August miraculously broke all records and became a global phenomenon eventually wracking up 900 million views and becoming the most liked and viewed video in the history of YouTube.Psy was subsequently recognized by the media as the “King of YouTube”.

Throughout late August and September, Psy took the world by storm making hundreds of high profile appearances on shows like Saturday Night Live and the MTV Music Awards.

The song’s refrain “Oppan Gangnam Style” entered into “The Yale Book Of Quotations as one of the most famous quotes of 2012.

On October 23, 2012, Psy met UN Secretary General Ban Ki-Moon at the United Nation Headquarters where Ban expressed his desire to work with the singer because of his “unfathomed global reach”.

In December 2012, MTVhailed the singer as the “Viral Star of 2012″.

On December 31, 2012, Psy performed in a globally televised New Year’s Eve with American rapper MC Hammer on-stage at “Times Square”, New York City.

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Primordial Life:

1977–95:

Park attended Banpo Elementary and Middle Schools and Sehwa  High School. He disliked school and bothered some of his classmates, although he also sometimes made them laugh.

Park told CNN’s Alina Cho that when he was 15 years old, he watched a Korean TV programme that introduced foreign pop music. One particular episode showed a concert at Wembley Stadium held by the British rock band Queen where they performed their 1975 hit single “Bohemian Rhapsody”. Park said it was this concert footage that sparked his love for music.

Career beginnings

1996–2000:

As part of preparations to take over DI Corporation from his father, Park had originally planned to study business administration at Boston University in 1996. However, upon his arrival in the United States, he lost interest in his studies, spending his remaining tuition funds on musical instruments and entertainment equipment After attending an English-language summer course and studying for one semester, Park dropped out of Boston University and applied to study at Berklee College of Music instead. During his time at Berklee, Park took core curriculum lessons in ear training, contemporary writing and music synthesis, but he soon dropped out and returned to South Korea to pursue a career as a singer, without having attained a degree from either Boston University or Berklee.

In South Korea, Psy made his first appearance on Korean national television in 2000 after his dancing caught the eye of a TV producer.

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Albums, Roles and Cameo roles

Studio albums:

  • Psy from the Psycho World! -year(2001)
  • Ssa2 - year(2002)
  • 3 Mi-year(2002)
  • Ssajib-year(2006)
  • PsyFive -year(2010)

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Other albums:

  • Remake & Mix 18 Beon (Remix and Cover Album, 2005)
  • 2006 All Night Stand Live (Live Album, 2007)

Plays:

  • Psy 6 (Six Rules), Part 2 (2012)
  • Psy 6 (Six Rules), Part 2 (2014)

 

Television career:

Year                Title                              Character

2012               Dream High2                             Trainer Coach

2012               Superstar K4                              Himself Judge

2012               Saturday Night Live                Himself, Lids/Gangnam

                                                                    Style sketch

2013               Live! With Kelly and               Himself

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Film:

In 2002, he featured in a film “wet dreams” and played the role “student teacher seok-goo”.

Music video appearances:

Psy also featured in some music videos as a guest or played a cameo role.

2013–present:

 ”Gentleman”

On April 12, 2013, the audio of Psy’s follow-up single “Gentleman” was leaked onto the internet, a day before its official international release. On the following day, the music video for ‘Gentleman’ premiered at Psy’s ‘Happening’ Concert, which was attended by 50,000 people and live streamed on YouTube to an audience of 150,000.

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His endeavours 

Psy is slated to star in a South Korean remake of the Hindi film “ABCD: Any Body Can Dance, taking over the role of Vishnu (Prabhu Deva) in the original film.

His goodwill

Psy has been appointed the goodwill ambassador of Army boot camp region in Cheolwon-gun, Gangwon Province.

On April 29, 2013, he became the tourism ambassador of South Korea.

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