Psy Estimated to Have Earned Over 10 Billion Won From ‘Gangnam Style’ Alone
While fans all over are doing Psy’s now-infamous ‘horse ride dance’ with Gangnam Style, Psy′s coffers are filling up by the day.
According to estimates, taking into the profits from sales of Psy’s album and single, concert performance and advertisements, Psy is believed to have earned over 10 billion won in profit altogether so far on Gangnam Style alone.
Going with Gaon Charts, Psy’s sixth album, in which Gangnam Style is the lead single of, has so far recorded a profit of 360 million won while streaming revenues are believed to be in the 40 million won range.
Offline sales of Psy’s album and singles are estimated to be in the 760 million range while a robust 3 billion won in profit was collected from Psy’s recent summer concert.
Following the success of Gangnam Style, Psy has also been offered countless advertisement deals and has already agreed to some 10 different advertisements while earning between 400 to 500 million won per advertisement.
With Gangnam Style entirely self written and composed by Psy himself, all royalties and related revenues go back to him while taking into profit from the sales of the track on iTunes abroad, YouTube advertisement profits and other related items pushes his total earnings over 10 billion won.
- Psy 20120828