PSY net worth is estimated to be $60 million as of 2020.
PSY is a South Korean singer, rapper, record producer, and songwriter. He is best known for his single “Gangnam Style,” which became a worldwide sensation.
Personal Life of PSY
PSY was born on December 31, 1977, in the Gangnam District of Seoul in South Korea. He was born with the full name Park Jae-sang.
PSY’s father, Park Won-Ho, is DI Corporation’s executive chairman. PSY’s mother, Kim Young-Hee, is the owner of several restaurants in the Gangnam District.
PSY was known as the class clown in school. A former teacher shared that PSY often made green jokes during class. PSY was very popular in school because of his sense of humor.
PSY got married in 2006 to his long-time college girlfriend, Yoo Hye-Yeon. Their marriage resulted in twin daughters.
It was his wife, Yoo Hye-Yeon, who encouraged PSY to join YG Entertainment.
PSY’s Career Path On Becoming Wealthy
In 2001, PSY released his debut album “PSY from a Psycho World” and the album received moderate success. He was actually fined by the South Korean government due to the inappropriate content of his album.
In 2002, he released another album entitled “Sa 2.” The album earned complaints from different civil groups because of the negative influence the lyrics could have on kids and teens.
As a result, his album was banned from being sold to costumers who were under 19.
Later in the same year, PSY released his third album, “3 PSY.” The title song “Champion” was used in the World Cup Games, which was being held in Seoul, and contributed to the success of his third album.
In 2003, PSY served the South Korean military as part of the mandatory military service required for all South Korean men aged 18 to 35.
PSY was released early from this duty since he was working at a software development company. The South Korean government gives exemptions to those with technical expertise that serves the national interest.
Since PSY was released early, he was able to work on a fourth album, “Ssajib,” which won awards at Hong Kong’s Mnet Asian Music Awards and the SBS Music Awards.
In 2007, state prosecutors noticed that PSY is not actually working in the software development company because he appeared in shows and concerts a lot. This caused the Seoul Administrative Court to decide that PSY must be redrafted to fulfill his military duty.
PSY was redrafted in 2007 and served as a signalman. He was released from his military duties in July 2008.
Despite being labeled as a controversial artist, PSY still received recognition for his music from the Seoul Music Awards.
In 2010, YG entertainment, Korea’s most prominent entertainment label, signed him up. Together, they released “PSY 5” in the same year.
PSY’s first appearance on a foreign broadcasting network was in a Japanese news magazine show. This was when he performed with K-pop bands 2NE1 and Bigbang during the YG Family Concert held in Osaka, Japan.
In 2012, PSY released his sixth album “Psy 6 (six Rules),” which had the song “Gangnam Style.”
The single was an unexpected success. It even beat Justin Bieber’s spot as No. 1 on the iTunes Music Video Charts.
With the music video of “Gangnam Style” going viral, a couple of prominent celebrities such as Tom Cruise, Britney Spears, and Katy Perry joined the bandwagon and did some PSY dancing moves.
PSY is also the first solo Korean music artist who got the first YouTube Silver Button. This is a recognition for YouTubers who have reached 10 million subscribers.
In fact, PSY gained recognition as “King of YouTube” in 2014. His music video for “Gangnam Style” was the first-ever video to exceed 1 billion views and later, also the first video to exceed 2 billion views on the platform.
Thanks to his hit song, “Gangnam Style,” PSY has received a lot of attention worldwide. He has appeared in popular talk shows in the West, such as The Ellen Degeneres Show and the Today Show.
In 2012, PSY signed a record deal with Scooter Braun and Schoolboy Records. Scooter Braun is also Justin Bieber’s manager.
In 2012, the United Nations recognized PSY as an international sensation. They wanted to work with him because of his “unlimited global reach” and appointed PSY as a goodwill ambassador for UNICEF.
In 2013, PSY was awarded as the winner of the Korea Image Awards – an award given to those who have contributed to South Korea’s national image.
As of 2020, his net worth is estimated to be $60 million.
PSY Career Highlights
– First video to be viewed 1 billion times on YouTube
– First video to be viewed 2 billion times on YouTube
– Most viewed video online
– Most liked video online
– Most viewed online in 24 hours
Favorite Quotes from PSY
“As an artist, the more experience, the better the creation. I’m a very positive person.” – PSY
“I don’t want to come here and act like I’m an American. I want to showcase the dynamic potential Korea has, and I want to prove that as an artist.” – PSY
“All the people in Korea are cheering me like I’m a gold medalist or something, so I have a responsibility to my country.” – PSY
“There’s a lot of variety of musicians in Korea. I cannot say they are the best in the world, but I can say that Korean artists are really dynamic artisits, so I am going to show that from now on.” – PSY
3 Lessons You Can Learn from PSY’s Success
Do not be insecure
PSY has often acknowledged that his song “Gangnam Style” worked because he was not good looking. If a good looking performed that song, it probably would not make an impact. But the fact that he was plain-looking, chubby, and singing that song with extra confidence made it work. He knows his humor is his most vital point, and he has used it and turned himself into a worldwide sensation.
Don’t let the critics get you down
A lot of PSY’s songs and albums were criticized for his suggestive lyrics. In fact, some of them have been banned for people under 19. This did not discourage PSY. He pushed on with the same brand of humor that was his own until he became an international sensation for it. Years after, he has brought fame and recognition to the country that has tried to censor him.
As a famous South Korean artist, PSY was once asked about his country’s conflict with North Korea. He replied, “Well, as an entertainer, I don’t want to talk about politics. As a Korean citizen, I want peace. That’s all I can say. I want permanent peace.” He finds the conflict a tragedy and hoped that one day the North Koreans would enjoy his music and laugh about it.
PSY is widely recognized as the first pop singer to achieve success in the West with his hit single “Gangnam Style.”
As of 2020, his net worth is estimated to be $60 million.