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