Psy Net Worth (Money & Salary) 2025

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Title: Psy Net Worth (Money & Salary)
Last Updated: January 11, 2025

What Is Psy’s Net Worth?

With a net worth estimated at $60 million, Psy is a South Korean rapper who gained immense international recognition through his infectious hit single and viral YouTube music video “Gangnam Style.”

For audiences outside South Korea, Park Jae-Sang, popularly known as Psy, seemed to burst onto the scene unexpectedly. His wildly popular song “Gangnam Style” captivated global attention and became one of the most-viewed videos on YouTube. Prior to his international fame, he was regarded as a somewhat controversial figure in Korea. While many K-pop stars fit a mold of youthful beauty and impeccable training in music, dance, and acting, Psy stands apart; he is older, heavier, and dances freely, having dropped out of Berklee Music School, and is known for lyrics that frequently lead to his songs being banned or labeled for “Ages 19+ only.” Despite his numerous music awards, Psy faced significant backlash from various civil organizations in Korea.

Upon finishing his required military service, Psy learned that his service had been deemed invalid, leading to an additional two years of military duty. During this time away from music, he faced financial struggles and ultimately decided to join YG Entertainment, a well-known South Korean music label owned by a friend. His signing faced resistance from other artists at the label, which primarily targeted the teenage demographic. However, their concerns were unfounded as the release of his second album’s first single propelled him into international stardom.

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

The astonishing success of “Gangnam Style” earned Psy a substantial income within the first year of its release. With over 7 billion views on his video, he generated millions from ad revenue sharing. Additionally, from 4 million iTunes downloads, he collected approximately $4 million, while his streaming earnings were considerably lower, at around $500,000. Psy also garnered an estimated $8 million through endorsements with brands such as Samsung. Combined, the phenomenal success of “Gangnam Style” has netted Psy more than $20 million, prior to deductions for taxes, manager fees, and other expenses.

Psy’s Family Has Made Millions as Well

Interestingly, during the frenzy surrounding “Gangnam Style,” Psy’s family has also benefited financially. His father’s publicly traded company experienced a remarkable surge in stock value coinciding with the success of Psy’s single. For further details on this intriguing situation, check out our article on how the Gangnam Style Rapper’s Family Just Made $30 Million.

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, to a wealthy family. His father, Park Won-Ho, serves as the chairman of DI Corporation, while his mother, Kim Young-Hee, is in the restaurant business. Psy attended Sehwa High School, where he earned a reputation as the class clown, having little enjoyment for academic life. Former classmates recalled his ability to infuse classes with infectious and joyful energy. His passion for music was ignited by the band Queen, especially the song “Bohemian Rhapsody.” Initially, he had plans to enroll at Boston University but lost interest in his education.

by the time he arrived in the U.S. and commenced his classes, he had initially intended to study business administration. Using his remaining tuition funds, Psy purchased musical instruments and equipment. After leaving Boston University, he signed up for Berklee College of Music but eventually dropped out to head back to South Korea and chase his music aspirations.

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Early Career

In January 2001, he made his debut album, “PSY… From the Psycho World,” but faced fines from South Korean government authorities due to inappropriate content. His second album in 2002 also ignited controversy because of explicit material. After the release of his third album in 2003, which marked a significant success, Psy began his compulsory military service, a requirement for South Korean males aged 18 to 35. In 2005, he received an exemption due to his job at a software development firm. He returned in 2006 with a fourth album that was recognized at the 2006 SBS Music Awards. During this period, South Korean state prosecutors accused him of neglecting his duties in favor of his music career. Consequently, the court mandated his redraft into service, which lasted until July 2009. Faced with financial issues, he couldn’t release new songs. Joining YG Entertainment in 2010, he dropped his fifth album, with its lead single, “Right Now,” being banned for listeners under 19. At this stage, Psy had garnered top positions on domestic music charts multiple times but had yet to gain international recognition.

“Gangnam Style”

Psy’s destiny shifted with the launch of his sixth album, “Psy 6 (Six Rules), Part 1.” The track “Gangnam Style” made a huge impact in the global music sphere, and to describe its video going viral would be an understatement. On August 21, 2012, it officially claimed the #1 spot on the iTunes Music Video Charts, surpassing artists like Justin Bieber and Katy Perry. Since its debut on July 15, 2012, “Gangnam Style” has garnered over 3 billion views on YouTube. It achieved the #1 position on the iTunes sales chart, distinguishing itself as the most liked and viewed video in YouTube history. Countless parodies of the song emerged globally, including one on “Saturday Night Live,” where Psy appeared as a surprise guest. The phenomenal success of “Gangnam Style” led to his appearances on shows such as “The Today Show” and “The Ellen Degeneres Show.” By November 24, 2012, it had become the most-viewed video ever on YouTube. Individuals worldwide, including political figures like President Barack Obama and British Prime Minister David Cameron, praised the song. As of now, the YouTube video boasts 3.5 billion views.

Psy’s Gangnam Style:

Christopher Polk/Getty Images

Life After “Gangnam Style”

Psy delivered a speech at the Oxford Union in England in November 2012, where he spoke about the inspiration behind his song. He reflected on life post-“Gangnam Style,” describing it as a blend of a dream and a nightmare, acknowledging the difficulty of matching the success of his previous hit. That month, he made history as the second South Korean music artist to participate in the MTV Europe Music Awards. Capitalizing on the momentum following “Gangnam Style,” in 2012, Psy entered into a partnership with Justin Bieber’s manager, Scooter Braun, and joined Schoolboy Records. He produced two additional albums, achieving mixed success, and established his own label, P Nation, in 2019. Since then, he has signed several artists, including Hyuna and Dawn.

Personal Life

In October 2006, Psy wedded Yoo Hye Yeon and the couple is blessed with twin daughters. Back in late 2001, he faced legal issues when arrested for marijuana possession, resulting in a fine and a 25-day jail sentence. Due to this, he was unable to attend his grandfather’s funeral or say farewell.

Psy Net Worth (Money & Salary)

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The data is drawn from 2023 and 2024, with projections extending into 2025 and 2026. We also provide expanded forecasts for 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.