Psy Net Worth (Money & Salary)

Psy Net Worth (Money & Salary)

Title: Psy Net Worth (Money & Salary)
Last Updated: February 9, 2025


What Is Psy’s Net Worth?

With a net worth of $60 million, Psy is a South Korean rapper who gained almost immediate worldwide recognition through his infectious hit single and YouTube music video, “Gangnam Style.”

To those outside of South Korea, Park Jae-Sang, famously known as Psy, seemed to appear out of nowhere. His massively successful single “Gangnam Style” swept across the globe and ranks among the most-viewed videos on YouTube. Before achieving international fame, he was viewed as a somewhat controversial figure in Korea. Unlike the typically young and attractive K-pop idols who are extensively trained in various aspects of performance, Psy is older, plump, dances freely, dropped out of Berklee Music School, and is known to release tracks featuring provocative lyrics that sometimes lead to his songs being banned or receiving an “Ages 19+ only” label. Although he garnered numerous music awards, several civil groups in Korea frequently targeted him for criticism.

Upon finishing his military service, Psy learned that his service was not legitimate, which resulted in an order for him to serve an additional two years. During this period, lacking the ability to create music, he found himself in financial hardship and ultimately made the decision to join YG Entertainment, a well-known Korean music label owned by a friend. Other artists within the label voiced their objections to his signing, as the company primarily catered to the teen demographic. However, their concerns proved unfounded when the first single from his second album with the label skyrocketed him to international stardom.

How much money did Psy make from “Gangnam Style”?

The phenomenal success of “Gangnam Style” allowed Psy to earn a substantial sum from the song during its inaugural year. His video’s 7 billion views generated millions in ad revenue sharing. Approximately $4 million was earned from 4 million iTunes downloads, while his streaming revenues were relatively modest at about $500,000. Furthermore, Psy reportedly made around $8 million from endorsements with brands such as Samsung. Consequently, the astounding success of “Gangnam Style” has contributed over $20 million to Psy’s income, pre-tax deductions and manager fees.

Psy’s family has made Millions as Well

Something remarkable occurred for Psy and his family amid the “Gangnam Style” craze. Interestingly, during the same period that Psy’s single was rapidly gaining popularity, the stocks of his father’s publicly traded company surged significantly. For more details on this economic anomaly, check out our article on how the Gangnam Style Rapper’s Family Just Made $30 Million.

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David Becker/Getty Images

Early Life

Park Jae-Sang, known as Psy, was born on December 31st, 1977, in the Gangnam District of Seoul, South Korea. Coming from a wealthy background, his father, Park Won-Ho, serves as the chairman of DI Corporation, while his mother, Kim Young-Hee, is a restaurateur. Psy attended Sehwa High School where he earned the reputation of a class clown, showing a reluctance towards traditional schooling. His former classmates recall him as someone who infused a fun and carefree atmosphere into his classes. His passion for music was awakened by the band Queen, with a particular fondness for “Bohemian Rhapsody.” Initially, Park planned to enroll at Boston University but eventually lost interest in his academic pursuits.

By the time he arrived in the U.S. and began his classes, he was already studying business administration. Psy utilized the remaining funds from his tuition for purchasing musical instruments and equipment. He later left Boston University and enrolled at Berklee College of Music but ultimately dropped out to head back to South Korea in pursuit of a career in music.

PsyPsy

Getty

Early Career

In January 2001, he debuted with his first album, “PSY… From the Psycho World,” which resulted in a fine by South Korean authorities due to inappropriate content. His second album released in 2002 also sparked controversy for its explicit lyrics. It wasn’t until 2003, with the release of a third album that marked a significant breakthrough, that Psy enlisted in the South Korean military to fulfill the mandatory service requirement for men between the ages of 18 and 35. Excused from service in 2005 due to an exemption from working in a software development company, he returned in 2006 with his fourth album, earning accolades at the 2006 SBS Music Awards. However, around this time, state prosecutors accused him of neglecting his obligations to pursue music. Consequently, he was redrafted, and he remained on duty until July 2009. Financial struggles prevented him from releasing new music. In 2010, Psy signed with YG Entertainment and launched his fifth album, although its lead single, “Right Now,” was prohibited for viewers below 19. By this stage, Psy had achieved multiple successes on the domestic charts but had not yet made a mark internationally.

“Gangnam Style”

Psy’s career took a turn with the release of his sixth album, “Psy 6 (Six Rules), Part 1.” The hit song “Gangnam Style” quickly gained traction in the global music industry, and the viral nature of its video was unprecedented. Officially charting at #1 on the iTunes Music Video Charts on August 21, 2012, it surpassed popular artists such as Justin Bieber and Katy Perry. Since its debut on July 15, 2012, “Gangnam Style” has accumulated over 3 billion views on YouTube. The track not only reached #1 on the iTunes sales chart, but it also holds the record as the most-liked and viewed video in YouTube’s history. The song has inspired countless parodies worldwide, including a notable one on “Saturday Night Live,” where Psy made an unexpected guest appearance. The phenomenal success of “Gangnam Style” opened doors for Psy, leading to appearances on shows like “The Today Show” and “The Ellen Degeneres Show.” On November 24, 2012, it became the most-watched video on YouTube ever. Global leaders, including President Barack Obama and British Prime Minister David Cameron, praised the song, which now boasts 3.5 billion views on YouTube.

Psy’s Gangnam Style:

Psy 1Psy 1

Christopher Polk/Getty Images

Life After “Gangnam Style”

Psy delivered a speech in November 2012 at the Oxford Union in England, sharing his thoughts on the creative process behind the song. He spoke about the aftermath of “Gangnam Style,” describing it as both a dream and a nightmare due to the pressure of matching the immense success of his hit song. That same month, he made history as the second South Korean music artist to perform at the MTV Europe Music Awards. To capitalize on the momentum from “Gangnam Style,” Psy joined forces with Justin Bieber’s manager, Scooter Braun, and signed with Schoolboy Records in 2012. Subsequently, he released two additional albums with varying success levels and established his company, P Nation, in 2019. Since then, he has welcomed artists like Hyuna and Dawn to his label.

Personal Life

Psy tied the knot with Yoo Hye Yeon in October 2006, and they are proud parents of twin daughters. In late 2001, he encountered legal trouble when arrested for marijuana possession, resulting in a fine and a 25-day jail sentence, which unfortunately prevented him from attending his grandfather’s funeral or bidding him farewell.

 


Psy Net Worth (Money & Salary)

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The data is sourced from 2023 and 2024, with projections extending to 2025 and 2026. We’ve further expanded our forecast data to include 2027 and 2028.

 



* This information was taken from various sources around the world, including these countries:

Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.

Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.

Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.

Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.

Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.

Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.

Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.

Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.

Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.

Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.

Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.

Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.

Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.


 


 
Post Title: Psy Net Worth (Money & Salary)
Last Updated: February 9, 2025