Park Jae-sang, known professionally as PSY is a South Korean singer, rapper, songwriter, and record producer who has a net worth of $60 million (updated 2018). PSY has gained international fame with his catchy hit single Gangnam Style. Gangnam Style has been viewed more than 3 billion times on Youtube since it's release on July 15, 2012. For PSY, 2012 was his breakthrough year.
1977–95: Early life
Park Jae-sang was born to an affluent family in the Gangnam District of Seoul, South Korea. His father, Park Won-Ho, is the executive chairman of DI Corporation, a manufacturer of semiconductor manufacturing equipment listed on the Korea Exchange. His mother, Kim Young-hee, owns several restaurants in Gangnam.
He came from a wealth family, can you see why?
Park attended Banpo (반포) Elementary and Middle Schools and Sehwa (세화) High School. He disliked school and was known as the class clown.
He dislike school, can you find the answer from his chart?
2001 - Legal issues
In late 2001, Psy was arrested for smoking and possessing marijuana and was sentenced to 25 days in jail. As a result he was unable to be at his grandfather's deathbed as he lost his battle with cancer, or attend his funeral. During an interview in 2012 Psy stated "I was very close to him. I was not there at the funeral: I will regret this for the rest of my life, because my grandpa loved me so much, and I couldn't be there for him on his deathbed." Psy was also fined in January 2002 for the marijuana incident.
Can you see this from his chart?
2007
In 2007, state prosecutors accused Psy of "neglecting" his work, holding concerts and appearing on local television networks during his period of prior employment. On October 12, 2007, the Seoul Administrative Court decided that Psy must be redrafted, rejecting a lawsuit filed by Psy against the Military Manpower Administration (MMA) in August. Two months later, Psy was re-drafted into the military where he had held the rank of Private First Class and served as a signalman in the 52nd Army Infantry Division, before being released from duties in July 2009.
This is also shown in his chart.
2012
According to Korea Times in 2013, Psy earned more than $40 million USD in 2012 via sales through concerts, TV commercials, and social media revenue through his hit song Gangnam Style, while his estimated personal income in 2012 was $28 million USD under his 7:3 profit-sharing contract with YG Entertainment.
Thanks to the incredible success of Gangnam Style, Psy made a small fortune of his song in the first year of its release. Psy's 7 billion video views have earned millions worth of ad revenue sharing. From the 4 million iTunes downloads Psy has earned around$4 million. His streaming revenues are relatively paltry, a mere $500,000. Psy has also earned an estimated $8 million from endorsement deals with brands like Samsung. In total, the incredible success of Gangnam style has put more than $20 million million into Psy's pockets, before taxes, managers fees etc…
2012 is his breakthrough year. You must try to figure out why?
2019
In 2019, he founded his own company - P-Nation. He signed Jessi on January 25, 2019. He also signed both Hyuna and her partner, E'Dawn, formerly of Cube Entertainment and Pentagon on January 27.
In 2019, PSY might face some scandal. Can you see it?
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References
https://en.wikipedia.org/wiki/Psy