| Net Worth: | $60.0 Million |
|---|---|
| Age: | 46 |
| Born: | Dec 31, 1977 |
| Gender: | male |
| Height: | 5 ft 6 in (1.7 m) |
| Country of Origin: | South Korea |
| Source of Wealth: | Singer-songwriter, Record producer, Dancer, Choreographer, Rapper, TV Personality, Singer, Songwriter, Actor |
| Last Updated: | 2023 |
TABLE OF CONTENTS
Introduction
Psy, whose real name is Park Jae-Sang, is a South Korean rapper, singer, songwriter, and record producer. He gained worldwide recognition with his viral hit single “Gangnam Style.” As of November 2023, Psy’s net worth is estimated to be approximately $60 million.
Psy’s Net Worth, Career, and Success Story (2023 Update)
Early Life
Psy was born on December 31, 1977, in the Gangnam District of Seoul, South Korea. He was raised in an affluent family, with his father, Park Won-Ho, being the executive chairman of DI Corporation, and his mother, Kim Young-Hee, owning several restaurants in Gangnam.
Despite his privileged upbringing, Psy was known as the class clown during his school days, bringing a lighthearted and energetic atmosphere to his classes.
Psy’s love for music was sparked by the band Queen, particularly their iconic song “Bohemian Rhapsody.” He initially planned to attend Boston University but lost interest in his business administration studies and used his tuition money to buy musical instruments and equipment.
He later enrolled at Berklee College of Music but eventually dropped out to pursue a music career in South Korea.
Early Career
Psy released his debut album, “PSY… From the Psycho World,” in January 2001. The album garnered attention for its controversial and explicit content, leading to fines imposed by South Korean authorities. Despite the initial criticism, Psy continued to release albums, with his second and third albums also causing controversy for their explicit lyrics.
In 2003, Psy temporarily put his music career on hold to fulfill his mandatory military service. However, he was excused from the military in 2005 due to his job as a software engineer. He returned to the music scene in 2006 with his fourth album, which won awards at the SBS Music Awards.
Psy faced legal issues during this time, with state prosecutors accusing him of neglecting his work for his music career.
In 2010, Psy joined YG Entertainment, one of Korea’s biggest music labels, and released his fifth album, “PSY 5.” The lead single, “Right Now,” was banned for audiences under the age of 19. Although Psy had achieved success in the domestic music charts, he had yet to make a breakthrough on the international stage.
Gangnam Style
Everything changed for Psy with the release of his sixth album, “Psy 6 (Six Rules), Part 1.” The album’s lead single, “Gangnam Style,” became a global sensation. The song’s catchy melody and unique dance moves captured the attention of people worldwide, and the music video went viral on YouTube.
“Gangnam Style” reached number one on the iTunes sales chart and became the most-liked and viewed video in the history of YouTube. The song’s success catapulted Psy into international superstardom, leading to appearances on popular shows like The Today Show and The Ellen DeGeneres Show.
Psy’s unconventional appearance and carefree dancing style resonated with audiences, making him a global phenomenon.
Despite the immense success of “Gangnam Style,” Psy acknowledged the challenges of following up such a massive hit. He signed with Justin Bieber’s manager, Scooter Braun, and released two more albums with varying degrees of success. In 2019, Psy founded his own company, P Nation, and has since signed several artists.
Personal Life
Psy married Yoo Hye Yeon in October 2006, and the couple has twin daughters. In 2001, Psy faced legal trouble when he was arrested for possession of marijuana, resulting in a fine and a 25-day jail sentence. Unfortunately, he was unable to attend his grandfather’s funeral due to his incarceration.
Summary
Park Jae-Sang, better known as Psy, rose to international fame with his hit single “Gangnam Style.” His unconventional appearance and carefree dancing style captured the world’s attention and made him a global sensation. Psy’s net worth is estimated to be around $60 million as of November 2023.
Despite the challenges of following up such a massive hit, Psy continues to make music and has established his own company, P Nation.
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