Psy Net Worth, Career, Salary, and More!

$60 Million

Psy’s net worth is $60 million. He is a South Korean rapper. Thanks to his infectious hit single “Gangnam Style” and subsequent YouTube popularity for the music video, Psy acquired practically instant international fame.

Early Years: In January 2001, he published his debut album, “PSY… From the Psycho World.” South Korean government officials penalized him for the album’s inappropriate material. His second album, released in 2002, was likewise controversial owing to its graphic content. Psy joined the South Korean military in 2003, after releasing his third album, which was finally successful, as part of a mandatory service requirement for all South Korean men aged 18 to 35.

Psy Net Worth: Music Career & Lifestyle - Wealthy Peeps

He was released from the military in 2005 due to an employment exemption from a software development firm. He returned in 2006 with his fourth album, which garnered awards at the 2006 SBS Music Awards. State prosecutors accused Psy of ignoring his job to pursue his music career around this period. He was not freed from duty until July 2009, after the court decided to redraft him.

He was unable to release his music due to financial difficulties. In 2010, Psy signed with YG Entertainment and released his fifth album. Its first single, “Right Now,” was deemed inappropriate for children under the age of 19. Psy had topped the domestic music charts a half-dozen times by this point but had yet to reach an international audience.

Gangnam Style by Psy

After Gangnam Style, Psy gave a speech at the Oxford Union in November 2012, where he revealed the song’s inspiration. He described life following Gangnam Style as both a dream and a nightmare, knowing that his next song will never be as successful as the previous one. Psy was only the second South Korean musician to perform at the MTV Europe Music Awards later that month.

Psy signed with Justin Bieber’s manager Scooter Braun and his Schoolboy Records in 2012, riding the success of Gangnam Style. In 2019, he founded his own company, P Nation, and released two more albums to varying degrees of popularity. Since the inception of his organization, he has signed P Nation, Hyuna, Dawn, and other artists.

Psy Net Worth is $60 Million (Updated For 2020)

Psy married Yoo Hye Yeon in October 2006, and the pair has twin daughters together. Psy was arrested for marijuana possession in late 2001 and fined and sentenced to 25 days in jail. He was unable to attend his grandfather’s funeral or say his final goodbyes as a result of this.

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What was Psy’s profit from Gangnam Style?

Psy made a tiny fortune from “Gangnam Style” in the first year of its release, thanks to its phenomenal success. Psy’s 7 billion video views have brought in millions in ad money. Psy has made roughly $4 million from the 4 million iTunes downloads. His streaming earnings are pitiful, at only $500,000. Psy has made an estimated $8 million in endorsement deals with companies such as Samsung. Before taxes, manager fees, and other expenses, Psy’s phenomenal success with “Gangnam Style” has netted him more than $20 million.

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Psy’s family has also made a fortune: During the “Gangnam Style” craze, another fascinating incident happened to Psy and his family. For whatever reason, his father’s publicly-traded company’s stock has soared at the same time that Psy’s single has soared. Read our post on how the Gangnam Style Rapper’s Family Just Made $30 Million for additional details on this oddity.

By Emily Johnson

Emily's nickname is Em. Emily is a voracious reader who enjoys the outdoors. She's also a traveller who has travelled to many different parts of the globe. She contributes to Thealtweb.com on a variety of themes, including entertainment, celebrity, and entrepreneurship, as well as modern-day relationships. Emily believes that her life experiences have taught her to be strong-minded, what she shows in her work. She likes to gather and provide the right set of information.