Are you looking for the net worth of BTS and its members? Well, read further to find their net worth and a lot more!
BTS, expanded as Bangtan Boys, is one of the most popular bands based in South Korea composed of seven members.
The names on the band that have together stirred the world of music are those of RM, Jin, Suga, J-Hope, Jimin, V, and Jungkook.
How much is the net worth of BTS?
BTS, also known as Bangtan Boys is estimated at $50 million as of April 6th, 2020. The net worth has supposedly surged after Big Hit Entertainment IPO, making it almost double- over $100 million now. Each BTS member has an individual net worth of $20 on average.
Founded in 2013, BTS band quickly rose to fame with quite a few names including Bangtan Boys, Bangtan Sonyeondan, Beyond the Scene, and Bulletproof Boy Scouts.
Here is the wealth story of BTS, the band’s net worth, the individual net worth of the BTS boys, and how they made so much wealth over their musical career.
Net Worth of BTS
Forbes reported the BTS net worth as of April 6, 2020, at $50 million. The parent company Big Hit Entertainment went public in October 2020 which doubled the company’s value.
The IPO, which was an unprecedented one on the Korea Exchange saw the BTS net worth surge to $100 million.
BTS performances in 2019 fetched the K-pop supergroup a gross income of $170 million. This income overtook that of any other American band except Metallica.
Covid-19 caused an interruption in the BTS wealth story as the group had to cancel the summer stadium tour planned across the U.S.
BTS World, the app created by BTS is going viral today with millions of downloads around the world. Pausing its live performances, BTS has discovered other ways to make wealth in the face of Covid-19.
BTS net worth continues to surge during every quarter.
Net Worth Surge After Big Hit Entertainment IPO
Big Hit Entertainment, the parent company of BTS went public on October 15, 2020. This was a smash debut that the firm attempted banking on the global popularity enjoyed by the K-pop group.
The IPO helped the firm raise a whopping $840 million. Notably, this was the largest IPO on the Korea Exchange over the past three years.
The shares opened at $236 which was double the IPO price of $118. The price closed at $225. These figures made the company peak to $8.7 trillion dollars. The septet made millions of dollars as a result of the IPO.
Income Sources of BTS
BTS earns through multiple sources. Reports say the group’s worth in Korea’s economy is $3.6 billion. BTS attracts tourism into Korea.
The group also earns through e-commerce and sale of products in the nation. Estimates given by Hyundai Research institute foresee the group’s worth will surge by $37 to $38 billion over the next decade.
In 2019 and 2020, BTS landed on several successful deals with top brands including Coca-Cola, Fila, BodyFriend, Baskin, Hyundai, Samsung, and Robbins besides many others.
BTS also earned a great deal from documentaries like Burn the Stage.
This film fetched an income of $20 million globally. Another project titled as Love Yourself in Seoul’ earned the band $10 million.
Individual Net Worth of BTS Members
Jin’s net worth is $20 million. Jin earns from his production and writing skills while releasing BTS albums. His income also ensues from touring and music releases.
Jin has started a Japanese-style restaurant in South Korea along with his brother.
J-Hope’s net worth is valued at $22 million. Besides his earnings with BTS, he earns from music releases like Hope World that topped the global sales, fetching him a lot of money.
J-hope is the richest member of BTS.
RM, the band’s leader, earns from his multiple talents and song writing. His net worth stands at $20 million.
He enjoys writing credits for over 130 songs. He has also done some projects for others including the Korean Soundtrack of the Fantastic Four movie.
Jimin is a professional dancer in BTS. His net worth is valued at $20 million. Majority of his earnings are from BTS projects like their album ‘Map of the Soul: Pesona’.
He has also made several TV appearances for example like on Hello Counselor.
V, a charming member of BTS is reported with a net worth of $20 million. He makes much of his wealth from BTS music productions.
He is also into acting and offers a supporting role in the drama Hwarang: The Poet Warrior Youth.
Jungkook shares credits on some BTS productions. Some notable ones he has helped produce are “Love is Not Over” and “Magic Shop.”
His net worth sits at $20 million. He has appeared in some South Korean TV shows like Celebrity Bromance and Flower Crew.
Suga’s net worth is around $20 million. Besides working on BTS productions, he has also composed songs for artists like Suran and Lee So-ra. He enjoys writing credits for more than 70 songs.
Forbes says his May 2020 release of August D (mixtape D 2) became number one on iTunes charts.
BTS Earnings Timeline
BTS 2018 Earnings
In 2018, BTS made a pre-tax income of US$57 from its album releases, endorsements, TV shows and tours.
Most of the BTS income ensued from their world tour titled “Love Yourself: Speak Yourself”. The series consisting of 6 US stadium shows fetched the band US $44 million.
For its 2018 earnings, Forbes listed the BTS group in the 43rd position on the 2019 Celebrity 100 list of the world’s highest paid entertainers.
BTS 2019 Earnings
Forbes says Big Hit Entertainment, the BTS label made a revenue of $507.9 million in 2019. This figure shows a growth of 95% from the 2018 earnings recorded at $189.38 million.
The operating profit of the band stood at $85.4 million which shows an increase of 23.5% over the figure of $56.72 million reported in 2018.
The biggest boy band in the world sold 3.72 million copies of its chart-topping album Map of the Soul: Persona in 2019.
2019 also saw two movie releases by BTS including Love Yourself in Seoul and Bring the Soul. These movies fetched BTS an income of $11.7 million and $24.3 million respectively.
BTS made $77.2 million from ticket sales of the BTS world tour in 2019 under the title ‘Love Yourself: Speak Yourself’.
BTS released a mobile game under the title BTS World. In just one day of its launching, it hit No.1 on Apple Store in over 25 countries.
BTS 2020 Earnings
The figures below sum up the 2020 earnings of BTS. Big Hit earned $233.38 million through merchandise and fee collected for licensing.
Earnings from content stood at $120.24 million and the band made another $29.68 million on fan club and some other avenues.
The total earnings of BTS in 2020 is estimated at $717.37 million.
In the 2020 revenue of BTS through fan clubs, fans from South Korea contributed to 30%, fans from other Asian countries contributed to 24%, the North American ARMY members contributed to 17%, and fans from the rest of the world contributed to about 2%.
BTS’s Contribution to South Korean Economy
The worldwide success experienced by BTS has enabled the band to give an economic boom to South Korea. BTS contribution per year to the nation’s economy is valued at $2.5 billion.
The merchandise related to BTS has been fetching the country $1.12 billion per year. The band accounts for the surging number of tourists to South Korea from other countries.
A lot of BTS fans book flights to see their concerns and also visit the members’ homelands.
Encouraged by their massive part in boosting up the country’s economy, the South Korea’s government has passed the ‘BTS law’.
This law has exempted the BTS members from joining the compulsory military services of the nation until they turn 30 years.
Each of the BTS boys have accumulated a wealth of $20 million, this can give rise to the question on how they spend the major part of their earnings.
Most of the BTS boys have made a significant investment in real estate. All of them share a luxury dorm at The Hill. Apart from this, some of the BTS members have their own properties.
Jungkook and J-Hope have purchased independent apartments in Seoul Forest Trimage. This is notably one of the most expensive apartment complexes in Seoul.
In 2019 just after two years of buying the apartment, J-Hope saw its value increase from 1.4 billion to 2.4 billion.
Jin has invested $1.7 million to own a space at Hannam the Hill. Suga has spent $3 million on purchasing an apartment in the Hannam district.
Bold Fashion Choices of BTS Members
The huge net worth of the BTS members is evident in their clothing choices. Most celebrities usually make use of the sponsorships made by luxury brands.
BTS members do not settle with such fashion choices just because they come free of cost. Rather, they personally choose the brand they wish to wear both casually and formally.
Their favorite fashion brands include Givenchy, Mastermind, Gucci and Supreme. Year on year, they purchase clothing worth thousands of dollars from these brands.
BTS Members Owning Exotic Pets
Besides their luxury apartments and clothing, some BTS members also have invested in buying exotic pets. Eomuk and Odeng are two sugar gliders Jin bought in 2017.
The price of sugar gliders is so expensive valued at $200 to $500. Once these sugar gliders died, he bought another named Gukmul. V owns four expensive dogs and a rare breed cat.