BTS Jungkook Net Worth 2023: The Splendid Wealth of the Rising Solo Star
At 25, Jungkook of BTS fame isn't just a part of the biggest boyband in the world. He's also a multimillionaire, with Celebrity Net Worth estimating his net worth at an impressive $30 million as of July 2023. This reflects a significant increase from the $20 million estimation just two years prior.
The youngest member of BTS, Jungkook has earned his fortune through a combination of group activities and solo endeavors. These revenue streams include album sales, world tours, endorsement deals, solo projects, properties, and significant stakes in the band's management agency, Hybe.
Notably, in 2020, Hybe's founder and chairman, Bang Si-hyuk, bestowed each band member, including Jungkook, with 68,385 shares. These stocks had exponentially grown by 2021, culminating in a combined value of nearly 150 billion won ($132.5 million), according to Inquirer.net.
Jungkook's wealth accumulation has continued to rise, particularly as he focuses on his solo career while BTS takes a hiatus. He's achieving record-breaking success with his solo tracks like "Stay Alive," "My Time," "Euphoria," and "Begin," not forgetting his collaboration "Left and Right" with Charlie Puth. His tracks "My You" and "Still With You" have also reached the top of the iTunes charts in multiple territories after their release on streaming platforms.
The singer's soloist status peaked when he performed his hit "Dreamers" at the 2022 FIFA World Cup opening ceremony in Qatar, reflecting his global appeal.
Endorsement deals have also been a lucrative source of income for Jungkook. His recent appointment as the global ambassador for Calvin Klein's latest campaign sparked a surge in sales for the company, with collections modeled by him selling out worldwide in record time. Subsequently, Calvin Klein's parent company, PVH Corp, witnessed a dramatic increase in their stock prices, rising from $72.26 to $88.36 per stock within days of the partnership announcement.
Beyond his music and endorsement deals, Jungkook's property portfolio is equally impressive. He is reportedly the owner of a vast property located in one of South Korea's most affluent neighborhoods. Moreover, in 2020, he purchased a 7.6 billion KRW (around $6 million) property in Yongsan, which is currently under reconstruction with completion expected by May 2024.
Jungkook's penchant for luxury extends to his collection of high-end vehicles and clothing. He made headlines when he auctioned his Mercedes-Benz G-Class AMG 63 Edition for a whopping 1.2 billion KRW ($925,000). Additionally, his wardrobe boasts brands such as Yohji Yamamoto x New Era, Prada, Balenciaga, A-Cold-Wall, AMIRI, and Alexander McQueen.
Fans affectionately dub him the "sold-out king" as he seems to have a knack for selling out clothes and items he uses or wears during live broadcasts. His watch collection is also of note, reportedly including at least nine Rolex watches with prices ranging from $15,000 to $37,000.
While enjoying the high life, Jungkook remains grounded, often supporting small, local brands despite being snapped in luxury labels.
In the upcoming days, Jungkook's solo journey is set to continue, with the release of his digital single, "Seven," scheduled for July 14. This release will cement him as the sixth BTS member to officially debut as a solo artist. True to form, the physical copies of "Seven" sold out within a day of going on pre-sale in the U.S.
In conclusion, Jungkook's net worth doesn't merely reflect his growing fortune but also showcases his blossoming career as a solo artist, demonstrating a future full of promise for the young star.