He owns a large home, large vehicles, and large jewelry. Suga’s net worth more than justifies the hype. BTS’s lead rapper and producer recently released his first full-length solo album and quickly sold out his whole solo world tour.
BTS, formerly Bangtan Sonyeondan, made their Big Hit Entertainment début in 2013 with the release of their first single, “No More Dream.” Since then, the seven members of the Bangtan Boys—RM, Jin, Suga, J-Hope, Jimin, V, and Jungkook—have established themselves as some of the most recognizable figures in both K-pop and music history.
The Bangtan Boys have worked with Halsey, Steve Aoki, and Nicki Minaj and have played at awards like the Grammys and the American Music Awards. BTS’s single, “Dynamite,” their first fully-recorded English song, debuted at number one on the Billboard Hot 100 in August 2020.
The band revealed that they would be taking a sabbatical in their 2022 Festa video on the anniversary of their debut. The boy band would be concentrating on their ventures rather than disbanding. After the announcement, several members debuted successful individual works, including J-Hope’s album Jack in the Box and Jin’s solo track “The Astronaut.”
The group’s eldest member, Jin, will enroll in the Korean military in October 2022 (which is required of all Korean men under 30), with the rest of the members following afterward. The band is “looking forward to reconvening as a group again around 2025 following their service commitment,” the business added.
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What is Suga Net Worth?
What is the wealth of Suga? Suga is estimated to be worth $20 million. The majority comes from BTS performance profits, with investments and endorsements making up the remainder. According to Seoul Space, he is now ranked number 14 among K-Pop idols with the highest net worth.
According to the net worth website, the K-Pop trio set a record for touring earnings in 2019 with their Love Yourself World Tour, bringing in $170 million. After the limitations were relaxed, the boys returned to the stage with Permission to Dance on Stage performances in Seoul, Las Vegas, and Los Angeles.
The Los Angeles show sold out on Ticketmaster during the presale rounds before the whole public sale, and all of those concerts sold out in a flash. Suga is also starting his first-ever solo global tour as a member of BTS. There was no general sale for the tour because it sold out during presale in minutes.
In addition, BTS serves as a brand ambassador for various companies, including McD’s, Samsonite, Seoul Tourism, Louis Vuitton, Formula E, Puma, FILA, Coway, LG, Hyundai, Samsung, and many others. According to The Korea Times, the band receives payments ranging from 3 billion won ($2.69 million) to 5 billion won ($4.48 million) for each endorsement.
Don’t forget about BTS’s financial impact on their music! In 2021, the group was responsible for one-third of all K-Pop sales and streams in the US, according to Billboard. With 242,000 album-equivalent units, including 177,000 sales, their fifth album, BE, debuted at number one on the Billboard Charts and remained there for weeks.
With more than 2.2 million copies sold in its first week, it also peaked at number one on the Gaon Album Chart in South Korea. Although it came close, their previous album, Map of the Soul: 7, still holds the record for highest opening week sales in the chart’s history.
Big Hit Entertainment was listed on the South Korean stock exchange in September 2020. Producer of BTS and founder of Big Hit and HYBE, Bang Si-Hyuk, made an offer to the lads for 478,695 common business shares. Big Hit’s stake was valued at $235 (270,000 South Korean Won) at the opening.
Rolling Stone claims that it reached a market capitalization of $7.6 billion and that BTS personally earned $108 million in shares or $15.4 million per group member. Regarding charitable endeavors, Suga is very proud of his birthplace, Daegu, where he was born and raised.
In honor of his birthday, he gave 100 million Won (about $75,000) to Korean Save The Children and Hope Bridge Disaster Relief for various causes, including COVID-19 relief and cancer treatments.
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