There’s no way you haven’t heard of BTS. And if you haven’t either, you are living under a rock, or you are 100 years old. The South Korean boy band, which made its debut in June 2013, is now ruling the global music community. With their uncountable accomplishments, millions of fans, and remarkable music, BTS is the recipient of multiple accolades. Dubbed as “South Korea’s Pride,” BTS currently holds the status of the best South Korean act to ever emerge from the country. The band has definitely captured millions of hearts worldwide, and the fans always want to know more about the septet. So, what is the updated net worth of BTS in 2022?
BTS members- RM, Jin, Suga, J-hope, Jimin, V, Jungkook enjoy vast popularity and have individual fandoms of their own. Hence, the seven boys have their own massive net worth. They are constantly engaged with specific events, endorsements, and performances as a group. Even amidst the pandemic, BTS interacted with their fans through online concerts and was also invited to huge events. All of their activities add up to BTS’ net worth every day, making them some of the most influential celebrities at the moment.
Whether it is being the king of dancing, singing, social media, or live performances, BTS is dominating every sector with extra smoothness. So, how much is the actual net worth of BTS in 2022?
BTS Net Worth 2022: How Much Does The Boy Band Earns?
BTS has a whopping net worth of 100 Million USD – 120 Million USD in 2022. The group is lucrative in any sector; music, advertisements, tours. BTS, a boy group, managed by HYBE Labels, is currently the biggest boy band in the music industry due to their high album sales, influential power, and fandom. In 2019, it was reported that BTS contributes to South Korea’s GDP by 0.3%. In the same year, BTS headlined their last concert of the “Live Yourself: Speakyourself” tour at the Seoul Olympic Stadium. 23,000 attendees specially visited South Korea to witness the BTS concert adding more bucks to Korea’s economy.
Tours, Album Sales, Endorsement Deals, Live Events, and Merchandise are some of the main channels of BTS’s income. The band works extra hard with 100% determination which is another reason for their success.
Album Sales
The primary source of BTS’ earnings is their album sales. Since its debut in 2013, BTS has released more than ten albums, multiple EP’s, various digital singles and singles, and studio albums. Until now, they have sold more than 30 million albums. Moreover, they are the #1 selling artists defeating Taylor Swift and Drake.
BTS’s album Map of The Soul: 7 is certified Platinum by RIAA and RIAJ; Gold by RMNZ, BPI, and BEA. Moreover, it was the first South Korean album to go Quadruple (4 million-plus sales) on the Gaon Charts. Map of The Soul: Persona, an extended play, is another 2019 blockbuster by the Kpop band. It is certified Gold by RIAA, RIAJ, BPI, and BEA. Also, it sold more than 4 million copies in South Korea (Acc. to KMCA).
BE, Wings, Love Yourself: Answer, Face Yourself, and Love Yourself: Tear are some of the other BTS albums which are critically and commercially well-received globally.
While BTS was already ruling the charts and recording industries with their Korean masterpieces, the septet decided to capture a bigger market. The group released their first English song, Dynamite, in August 2020, and it was an instant hit. It opened with 7.78 million streams on its debut day, breaking the record set by Taylor Swift previously, later peaking No. 1 position at the Billboard Digital Songs sales chart. Besides getting nominated for a Grammy, Dynamite also brought BTS’s first double-platinum certification by RIAA.
Their second release, Butter, was another hit for the band. They also released a remix in collaboration with Megan Thee Stallion.
A couple of days ago, the band was awarded the Global Recording Artist of the Year Award by IFPI. BTS became the first act ever to earn the title for two consecutive years.
Also Read: BTS Wins IFPI’s Global Recording Artist Of The Year Award
Endorsements
After album sales and music production, BTS’s other source of income is endorsements. BTS is the underdog of the Korean Entertainment industry. They started with no power, no fame, and huge company. However, today BTS is one of the most influential celebrities. Additionally, their company HYBE Labels is the first Korean music agency to surpass 1 Trillion annual sales, of which the major credit goes to BTS.
Many big brands across the globe want BTS to advertise their products. Since BTS’ debut, the septet had become the face of multiple brands.
BTS is the face of the biggest technology giant in the world – Samsung. The MNC is a South Korean original, and it chose South Korea’s pride to endorse its products. BTS and Samsung signed a deal in 2020 to launch their exclusive s20 edition gadgets. Furthermore, BTS member-rapper Suga also produced a music tune for Samsung.
Another big name associated with BTS is Louis Vuitton. The luxury fashion house chose BTS as their global brand ambassador in April 2021. They welcomed the boys wholeheartedly, and BTS also modeled for the Louis Vuitton’s Men’s Fall-Winter 2021 Fashion Show.
Hyundai is next on the list of BTS’ biggest endorsement deals. The Seoul-based automobile company partnered with BTS in 2018, welcoming them as global ambassadors. Since then, BTS has been a part of several Hyundai marketing campaigns and ads.
Brands like Fila and Puma have also collaborated with BTS. In addition to this, BTS are endorsers for Bodyfriend (healthcare company), Kloud (Beer), Coway (Home appliance company), Chilsung Cider (Beverage), KB Kookmin Bank, Xylitol by Lotte, Tokopedia (technology), and many more.
The BTS influence is enormous; many of the brands they endorse rise in the market due to the BTS’s power. Because of BTS’ influence, they have attended and addressed at the UN General Assembly twice. Moreover, South Korea’s president, Moon Jae In, made BTS the ‘special presidential envoy for future generations and culture.’
https://youtu.be/Vrggkkeu0bo
The BTS influence is enormous. Many of the brands they endorse rise in the market due to the BTS’s power. Because of BTS’ influence, they have attended and addressed at the UN General Assembly twice. Moreover, South Korea’s president, Moon Jae In, made BTS the ‘special presidential envoy for future generations and culture.’
The world’s biggest food chain, McDonald’s, collaborated with BTS in 2021 to launch the BTS meal. Result? An instant hit! The BTS and McDonalds deal was signed for $8.5 Million. BTS’s endorsement fee, as per various reports, stands at $4.5 Million (approximately).
Tours and Multiple TV Presences
BTS tours are another factor behind their mass net worth. They even contributed to the incredible profits earned by HYBE Labels in the last two years. Since their debut, BTS has headlined six tours, multiple concerts, and uncountable performances on Television and Award Shows.
Their Love Yourself World Tour has been their most significant out of all the tours and performances the band had headlined. BTS held 62 concerts in 14 countries, and it stood at No. 3 on Billboard’s 2019 Year End Top 40 Tours chart worldwide, with a worldwide gross of $196.4 million. Moreover, the tour was attended by 2,019,800 spectators. It was BTS’ most successful tour and the highest-grossing by any act that performs majorly in non-English. For the Love Yourself World Tour, BTS sold-out Soldier Field, Met Life Stadium, and Rose Bowl in a matter of hours. The Rose Bowl show became the highest-grossing in the stadium’s engagement history at Boxscore, beating previous scores by Beyonce, Eminem, Rihanna, and Jay-Z.
BTS was set to go out on a World tour with their Map Of The Soul World Tour, but it was canceled due to the pandemic. It did not stop BTS from performing for their fans. The septet arranged online concerts, which were undoubtedly huge successes.
After not being on stage for almost two years, BTS head out for their Permission To Dance On Stage performances. They held their first tour at SoFi Stadium in Los Angeles in November. Their four-day concert show was sold-out immediately, and they became the first artist in history to do so. The boys will be headlining the PTD on Stage tour in Seoul and Las Vegas in March and April, respectively.
BTS held online concerts like BTS 2021 Muster Sowoozoo, Map of the Soul ON: E, Bang Bang Con The Live, and various Television shows. Indeed, BTS’s Live performances and tours are an essential part of their rising net worth.
BTS Members
BTS has seven members: RM (Kim Nam Joon), Jin (Kim Seok Jin), Suga (Min Yoon Gi), J-Hope (Jung Ho Seok), Jimin (Park Jimin), V (Kim Tae Hyung), and Jungkook (Jeon Jungkook). The seven boys have been together since 2013, and all the members participate in producing, writing, and composing the songs. Moreover, they also have solo projects, like mixtapes, which contribute to their net worth.
At present, J-Hope is leading the clique with an impressive net worth of $26 Million. Meanwhile, Suga has a net worth of $25 Million; RM stands at $24 Million; And the vocal line- Jungkook, V, Jimin, and Jin have a net worth of $20 Million each.
BTS members work hard, and also they constantly donate, personally and as a group, for good causes and the development of children.
Also Read: BTS’s Agency HYBE Labels Becomes First Korean Music Agency To Surpass 1 Trillion KRW Annual Sales
