Psy Net Worth, Salary and Career

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What is Psy net worth in 2019 and how did the Korean entertainer become successful in his music career? Read on to find out more amazing facts and the impressive secret story behind Psy net worth, earnings, and lifestyle.

Psy Net Worth
Net Worth$60 Million
Source of WealthMusic, Acting
Date of Birth December 31, 1977
CitizenshipSouth Korean
Spouse Yoo Hye-Yeon (M. 2006)

If you have ever heard the song “Gangnam Style”, then you should be familiar with the name Psy. He is a South Korean singer, rapper, songwriter, and record producer famous for his humorous videos and stage performance. His international recognition was further heightened when he released his hit single “Gangnam Style”. The song which got over millions of views on YouTube just days after its release back in 2012. The song which still is his major hit song till date also entered the Yale Book of Quotations as one of the most Famous Quotations of 2012. The Korean singer Psy estimated net worth is $60 million as of 2019.

Early Life

Park Jae-sang or PSY as he is professionally known, was born on 31 December 1977 to a wealthy family that lived in the father 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, while his mother, Kim Young-hee was the owner of multiple restaurants in Gangnam. He grew up in Gangnam and attended the Banpo Elementary and Middle School, before proceeding to Sehwa High school.

PSY didn’t like school and was a popular class clown during his time in school. One of PSY’s former class teacher told South Korea’s Seoul Broadcasting System in an interview that, “I remember Psy making a lot of sexual jokes during class. He had such a big influence that he would drive the entire class to his jokes. I disliked him at the time, but looking back, I see that he added great energy to the class.”

Park discovered his love for music at the age of 15 after he watched a Korean TV Programme that introduced foreign pop music. According to his interview with CNN’s Alina Cho, He said one particular episode of the program which showed a concert by the British Rock Band Queens held at Wembley Stadium where they performed their 1975 hit single “Bohemian Rhapsody” made him fall in love with music after watching the concert footage. This discovery inspired him to pursue a career in music, which led him to attend Berklee College of Music instead of pursuing business at Boston University.


PSY began his music career in 2001 with the release of his debut album ‘PSY from a Psycho World’. The album received huge criticism at first due to its lyrics but turned out to be successful for him. He went on to release two more albums named ‘Sa 2’ and ‘3 PSY’ in 2002. Still, his songs received massive criticism for their unseemly lyrics which were seen as bad influences for young Koreans but were still topping the charts and bagging awards as well. He had his necessary military training but was released due to the pursuit of his musical career.

Psy Net Worth

He got signed by YG Entertainment, Korea’s biggest entertainment record label in 2010. There he released his 5th studio album titled ‘PSY 5’. He got his first major career breakthrough with the release of his mega-hit jam ‘Gangnam Style” in 2012. The song was part of his 6th album titled ‘PSY 6’.

The song became the most viewed song on YouTube reaching over 1 billion views in over a short period, earning PSY the title as the ‘King of Youtube’. And it also received massive recognition as the most acclaimed quotation which resulted to it being recorded in the Yale Books of Quotations in 2012.

The success of the song didn’t stop there, it broke the record of topping the charts of not only Korea but also in more 45 other countries worldwide. It also topped the charts on iTunes. PSY enjoyed the success of his song for a long period before he released other mixtapes in 2017.

Personal Life

PSY or Park Jae-sang is currently married to his lovely wife, Yoo Hye-Yeon in October 2006. He is also the father of twin daughters.

About Psy Fortune

PSY owes his hefty wealth to the massive success of his hit single ‘Gangnam Style’ which went viral and received over 2 billion YouTube views. Other areas of his wealth are from his TV appearances and roles in films. As of July 2019. PSY net worth has reached $60 Million. He earned over $40 million in 2012 through concert performances and appearing on TV commercials.

Some Favorite Quotes from PSY

“The fact that I’m shouting that I have Gangnam style makes people crack up. Imagine if Brad Pitt was singing the song – would it be funny? A twist is important when it comes to writing lyrics.” – PSY

“If you give a man the correct information for seven years, he may believe the incorrect information on the first day of the eighth year when it is necessary, from your point of view, that he should do so. Your first job is to build credibility and the authenticity of your propaganda and persuade the enemy to trust you although you are his enemy.” – PSY

“As an artist, the more experienced, the better the creation. I’m a very positive person.” – PSY

“When I signed with Scooter Braun and I decided to go overseas to promote my song, the only concern was how should I communicate with the public and the audience with my language. Scooter and I talked a lot about that: should we translate or not? Finally, we didn’t, and I think that was a really good decision.” – PSY

“I’m not that good looking. That’s why ‘Gangnam Style’ works. If someone handsome uses that phrase it’s just awkward. But if someone like me uses it, it’s funny.” – PSY

“I lived in the States from 1996 till 2000. I attended the Berklee College of Music in Boston in 1997. But I wasn’t the most hard-working student. I rarely went to school. At that time, I seriously doubted that you could learn creativity in school. Music isn’t something you can just learn from other people. Sometimes I regret missing classes.” – PSY

Also Read: Larry David Net Worth and Salary

Now that you’ve learned much about PSY net worth, salary, personal life, and career, what lesson have you learned from Park Jae-sang so far?


About Author

David Samuel is the Senior Writer for Porumba. He is a writer, Economist and loves research.