Jin Net Worth (Updated 2023)

What Is Jin’s Net Worth?

Jin, also known as Kim Seok-jin, is a South Korean singer, songwriter, and producer with a net worth of $40 million. He’s a prominent member of BTS, the famous South Korean boy band. Jin has made significant contributions to BTS by co-writing and releasing solo tracks that achieved success on South Korea’s Gaon Digital Chart.

In 2019, Jin explored independent music with his digital track “Tonight,” showcasing his versatility as an artist. He also took on hosting roles on South Korean music programs from 2016 to 2018. Jin, along with his BTS bandmates, received the prestigious Hwagwan Order of Cultural Merit in 2018 for their contributions to Korean culture.

Here’s the breakdown of his net worth:

Name:

Jin

Net Worth:

$40 Million

Date of Birth:

Dec 4, 1992

Salary:

$3 Million Per Year

Source of Wealth:

Singer

Learn more: richest singers in the world

Early Life and Education

Kim Seok-jin, known as Jin, was born on December 4, 1992, in Anyang, Gyeonggi Province, South Korea. His family includes his parents and an older brother. In 2007, he embarked on a journey to Australia for a study camp to improve his English skills.

Initially, Jin had aspirations of becoming a journalist. However, his career path took a different turn after he was captivated by Kim Nam-gil’s performance in “Queen Seondeok.” This experience inspired him to pursue acting. During his junior high school years, he was scouted by SM Entertainment, a prominent South Korean K-pop agency, while walking down the street. Surprisingly, Jin turned down the offer at that time.

Although he initially set his sights on an acting career, Jin attended Konkuk University, where he earned a degree in Film Studies on February 22, 2017. Later on, he continued his academic pursuits by enrolling in graduate school at Hanyang Cyber University, focusing on subjects unrelated to music.

BTS

Jin’s path to fame began when he was scouted by Big Hit Entertainment purely based on his looks while casually walking down the street. At that time, he was studying acting and had no prior experience in music. Initially, Jin auditioned for the company as an actor before transitioning into the role of an idol trainee.

He made his BTS debut on June 13, 2013, as one of the group’s vocalists. Jin has also showcased his musical talents through three solo songs:

  1. “Awake” – Released in 2016 as part of BTS’ “Wings” album, Jin co-produced this track. It reached number 31 on the Gaon Digital Chart and rose to number six on the Billboard World Digital Song Sales chart in the US. A Christmas version of “Awake” was a special treat for fans on SoundCloud.

  2. “Epiphany” – Serving as a trailer for BTS’ “Love Yourself: Answer” album in 2018, “Epiphany” carried a message of self-acceptance and self-love. The full version, included in “Answer,” reached number 30 on the Gaon Digital Chart and peaked at fourth place on the US World Digital Song Sales chart.

  3. “Moon” – Part of BTS’ “Map of the Soul: 7” album in 2020, “Moon” is a vibrant power pop song dedicated to the band’s fans. It secured the number one spot on the Gaon Digital Chart and reached second place on the World Digital Song Sales chart.

In 2019, BTS made a whopping $170 million from their tours, with Metallica being the only group to out-earn them. Thanks to these lucrative tours, between June 2019 and June 2020, each BTS member raked in approximately $7 million, resulting in a combined earnings of $50 million for the group during that period.

In July 2021, Jin and his BTS bandmates were appointed as Special Presidential Envoys for Future Generations and Culture by South Korean President Moon Jae-in. Their role was to lead global initiatives for future generations and enhance South Korea’s diplomatic efforts and global influence.

Big Hit Entertainment’s IPO

On September 28, 2020, Big Hit Entertainment, the company managing BTS, made a significant move by going public on a South Korean stock exchange. Their first day of trading ended with the company being valued at an impressive $4.1 billion. This marked the third-largest stock market debut in South Korea in three years.

Bang Si-Hyuk, the founder of Big Hit Entertainment and the owner of a 43% stake in the company, saw his net worth soar to $1.4 billion by the end of the IPO day. A month before the public offering, Bang generously distributed 68,385 shares of the company to each BTS member in anticipation of the IPO. When the company’s first trading day concluded, each of the seven members found themselves holding shares valued at $7.9 million.

Fast forward to mid-2023, and assuming they retained their full stakes, these shares had grown in value to an impressive $15 million for each member. Bang Si-Hyuk’s net worth also soared to a staggering $2.8 billion during the same period. This move to go public not only benefited the company but also substantially enriched BTS members and Big Hit Entertainment’s founder.

Solo Activities

Jin, a multifaceted artist, has ventured into numerous solo activities alongside his career with BTS.

Musical Collaborations:

  • In 2016, Jin collaborated with V for the single “It’s Definitely You,” featured in the “Hwarang: The Poet Warrior Youth” soundtrack. Their work received a co-nomination for Best OST at the 2017 Melon Music Awards.
  • In June 2018, Jin joined forces with Jungkook for an alternate version of “So Far Away,” a track from Suga’s debut mixtape, “Agust D,” celebrating BTS’ fifth anniversary.
  • Jin’s solo covers, including songs like “Mom” by Ra.D, “I Love You” by Mate, and “In Front Of The Post Office In Autumn” by Yoon Do-hyun (1994), were shared on SoundCloud.

Independent Releases:

  • On June 4, 2019, Jin unveiled his first independent song, “Tonight,” as part of BTS’ sixth-anniversary celebrations. This acoustic ballad, inspired by Jin’s connection with his pets, received acclaim for his soothing vocals and calming atmosphere.
  • In December 2020, Jin released “Abyss,” another acoustic ballad, co-written and co-composed with RM and record producers Bumzu and Pdogg. It delves into Jin’s feelings of anxiety and burnout, reflecting his musical insecurities.

Diverse Contributions:

  • In October 2021, Jin lent his voice to the main theme of the TVN drama series “Jirisan” with the single “Yours.”
  • For his 29th birthday in December 2021, Jin gifted fans with the catchy trot-style song “Super Tuna,” which went viral on YouTube and TikTok.
  • In August 2022, Jin collaborated with Nexon as a game developer for MapleStory, documented in a mini web series titled “Office Warrior Kim Seok Jin.”
  • On October 21, 2022, Jin’s previously independent songs, “Tonight,” “Abyss,” and “Super Tuna,” were officially released as singles worldwide, making an impressive debut on the World Digital Song Sales chart.

Debut Solo Single:

  • On October 28, 2022, Jin released his debut solo single, “The Astronaut,” co-written with British rock band Coldplay. He performed the song live with Coldplay during their Music of the Spheres World Tour, earning his first solo entry on the Billboard Hot 100.

Brand Ambassadorship:

  • South Korean food manufacturing company Ottogi announced Jin as the new face of its Jin Ramen instant noodles brand in November 2022.

Jin

Philanthropy

In December 2018, Jin celebrated his birthday by giving back. He donated supplies like food, blankets, and dishes to the Korean Animal Welfare Association and also contributed 321 kilograms of food to the Korea Animal Rights Advocates (KARA), both organizations focused on animal welfare.

From May 2018, Jin quietly supported UNICEF Korea as a monthly donor, later disclosing his contributions when he was recognized as a member of the UNICEF Honors Club in May 2019. His total donations exceeded ₩100 million (about US$84,000), contributing to UNICEF’s work in improving children’s lives.

Personal Life

In 2018, Jin made Hannam-dong, Seoul, his home. Alongside his music career, he and his older brother ventured into the restaurant business by opening a Japanese-style eatery called Ossu Seiromushi.

Health

In March 2022, Jin underwent surgery for a left-hand injury, which led to temporary performance adjustments during BTS’ concerts in Las Vegas and their appearance at the 64th Annual Grammy Awards.

Military Service

Following the release of “The Astronaut,” Jin commenced his mandatory military service in December 2022 after an initial postponement granted in 2021. He completed basic training in January 2023 and was appointed as an assistant training instructor with the 5th Infantry Division.

Real Estate

In 2018, Jin invested $1.78 million in an apartment within the Hannam the Hill complex in Seoul. However, in March 2019, he made a real estate move and sold it. The very next year, Jin purchased a more spacious apartment in the same building, but this time for $3.7 million. It’s believed that he acquired this larger apartment with the intention of providing a comfortable home for his parents.

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