K-Pop

Forbes: BIGBANG Breaks Record; Highest Paid For A K-pop Act

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This group is making headlines after headlines.

Korean boy group BIGBANG ranked at #13 in Forbes’ Highest Paid Celebrities Under 30 List for 2016.

G-Dragon, T.O.P, Taeyang, Seungri and Daesung clinched the 13th spot with $44 million. They ranked ahead notable personalities like Ed Sheeran, Drake, Usain Bolt, and James Harden.

According to the American bi-weekly business magazine, BIGBANG “clocked the biggest year ever for a K-pop act”.

Leader G-Dragon expressed his gratitude for the recognition and thanked VIPs in his Instagram post.

It's an honor @forbes and thanks for everything all the VIPs in the World✨?✨

A photo posted by G-DRAGON (@xxxibgdrgn) on

The group’s earnings are largely attributed to their arena shows across Asia and beyond. It reportedly made $2.6 million per city on its recent ‘MADE Tour‘.

The group also became the first Korean act to land in Forbes’ Celebrity 100 List at 54th spot, topping artist-entrepreneurs Dr. Dre and Jimmy Buffett.

Forbes further reported that BIGBANG earned more than Maroon 5 who recorded $33.5 million in earnings. The magazine also named the K-pop group as one of the highest paid boy bands in the century.

However, despite the group’s feat in Forbes, the magazine’s senior editor Zack O’Malley Greenburg said K-pop is still largely a regional market when it comes to cash as far as YG Entertainment is concerned.

Forty percent of YG’s revenues comes from South Korea. Japan and China also contribute a large portion of these revenues, amounting to 36% and 20%, respectively. The United States only contribute a single digit to YG’s sales.

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