BLACKPINK is one of the most popular and successful KPOP bands of all time. Since their debut in 2016, the band has taken the world by storm, winning numerous awards and breaking records left and right. With their popularity and success, it’s no surprise that fans and curious onlookers alike are wondering just how much these superstars are worth. In this article, we’ll explore BLACKPINK’s net worth, including how they’ve earned their fortune and what they do with it.
Early Success and Contracts
BLACKPINK’s journey to the top began in 2016 with their debut single, “Boombayah.” Since then, the band has gone on to release hit after hit, with songs like “Whistle,” “Playing with Fire,” and “Kill This Love” becoming international chart-toppers. Along the way, the group has signed lucrative endorsement deals with top brands like Adidas, Pepsi, and Samsung. Additionally, BLACKPINK’s record label, YG Entertainment, reportedly paid each member an advance of 10 million won (approximately $8,700) per month for three to four years, according to Forbes.
Touring and Concert Earnings
One of the main ways that musicians make money is through touring and concerts, and BLACKPINK is no exception. In 2018, the band embarked on their first world tour, visiting countries in Asia, North America, and Europe. According to Billboard, the tour brought in over $24.5 million in ticket sales, making it the highest-grossing tour ever by a KPOP girl group. BLACKPINK’s 2019 world tour reportedly brought in even more revenue, with Forbes estimating the total earnings at $32 million.
Streaming and Album Sales
In addition to touring and endorsements, BLACKPINK makes a significant portion of their income from album sales and streaming. The band’s first mini-album, “Square Up,” debuted at number one on the Billboard World Albums chart, and their subsequent releases have also been hugely successful. In 2020, BLACKPINK’s collaboration with pop star Lady Gaga, “Sour Candy,” became the group’s highest-charting single in the US to date, reaching number 33 on the Billboard Hot 100. Overall, BLACKPINK’s music has been streamed over 20 billion times on Spotify, according to Business Insider.
What BLACKPINK Does With Their Wealth
With all of this money pouring in, what do the members of BLACKPINK do with their wealth? According to various interviews, the band members are relatively frugal, with Jennie Kim saying that she still uses the same bed sheets she had when she was a trainee. However, that’s not to say that they don’t enjoy the fruits of their labor. In a video for Elle, the members shared some of their favorite luxury purchases, including designer clothing, handbags, and jewelry.
In conclusion, BLACKPINK’s net worth is estimated to be around $35 million per member, making them some of the wealthiest KPOP stars in the world. Through touring, endorsements, album sales, and streaming, the band has amassed a fortune that most people can only dream of. While the members of BLACKPINK may be frugal in some areas of their lives, they also enjoy the luxuries that come with their success. With their continued popularity, it’s likely that BLACKPINK’s net worth will only continue to grow in the years to come.