YG Entertainment is a piece of the “Big 3” largest entertainment company in Korea. However, because of the noise of the idols as well as the management, this “big man” had a long period of loss. At the moment, BLACKPINK is considered the “pillar” of the company.
According to Hankyung, YG Entertainment’s revenue in the first quarter of 2022 decreased significantly, causing financial losses for the company. Accordingly, this entertainment “big man” only recorded an operating profit of 6.1 billion won (equivalent to more than 116 billion VND), down 36% compared to the same period in 2021.
YG Entertainment recorded a decrease in revenue in the first quarter of 2022. (Photo: Pinterest)
According to market analysts, YG Entertainment’s revenue currently relies heavily on BLACKPINK. In an interview with Korea JoongAng Daily, expert Park Ha Kyung commented, “The company’s dependence on girl groups can be a potential risk. Although he did not give specific figures on revenue, but about 61% of the profits are said to come from BLACKPINK”.
More than half of YG Entertainment’s profits depend on BLACKPINK. (Photo: YG Entertainment)
The remaining boy groups have not achieved the “wall” achievement like BLACKPINK. (Photo: YG Entertainment)
BABY MONSTER is expected to follow in the footsteps of the successful senior. (Photo: YG Entertainment)
With the money brought to YG Entertainment, BLACKPINK members also own a huge property. According to the South China Morning Post, the group’s total assets accumulated by 2022 is about 62 million USD, equivalent to more than 1,453 billion VND. It is estimated that each member holds about 15 to 20 million USD (351 – 470 billion VND).
BLACKPINK owns a net worth of up to trillions. (Photo: Kpopping)
Each member of BLACKPINK holds a hundred billion property. (Photo: YG Entertainment)
Not only being successful in the music industry, BLACKPINK also covers fashion, advertising and movies. The YG Entertainment girl group can earn money from many different sources thanks to its huge influence and large fan base.
BLACKPINK members are Ambassadors of many brands. (Photo: YG Entertainment)
BLACKPINK does not depend on music income. (Photo: YG Entertainment)
On February 1, Lisa bought a villa worth more than VND 142 billion in a traditional rich village located in the North of Seoul, Korea. Jennie is also living in an expensive, luxuriously furnished apartment.
Rosé and Jisoo are also living a luxurious life, full of designer clothes. Korean media used to think that all 4 BLACKPINK members have a “powerful black card”, but so far, only Lisa has revealed it.
Lisa owns a villa of more than 142 billion VND in the most expensive area in Seoul. (Photo: Instagram @lalalalisa_m)
The female idol also owns a “powerful black card” that only 1000 people hold. (Photo: YouTube screenshot 103%)
Jennie lives in an apartment decorated with expensive furniture. (Photo: Instagram @jennierubyjane)
In addition, Jennie is also the owner of a mansion in Los Angeles, USA. (Photo: Screenshot of YouTube Jennierubyjane Official)
Jisoo lives a luxurious life, full of designer clothes. (Photo: Instagram @sooyaaa__)
Rosé originally came from a prestigious family. (Photo: Instagram @roses_are_rosie)
With success in many fields, it is understandable that BLACKPINK brings in huge profits, the “pillar” that helps YG Entertainment overcome difficulties. The members of the group all own a huge fortune despite their very young age.
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SRC: https://www.yan.vn/
