As the leader of arguably the most successful K-pop group in the world, RM’s net worth is pretty impressive. Kim Namjoon, better known by his stage name RM, is the lead rapper and leader of BTS. With the continued success of BTS and her solo projects, her immense talent doesn’t stop her from reaching every corner of the world.
Bangtan Sonyeondan, better known as BTS, debuted under Big Hit Entertainment in 2013 with their first song “No More Dream”. Since then, the seven members of the Bangtan Boys – RM, Jin, Suga, J-Hope, Jimin, V and Jungkook – have become some of the most recognizable names not only in K-pop but also in music history. The Bangtan Boys have collaborated with Halsey, Steve Aoki and Nicki Minaj and performed at the Grammys, American Music Awards and other awards shows. In August 2020, BTS hit their first number one on the Billboard Hot 100 with their single “Dynamite,” the band’s first song recorded entirely in English.
During their 2022 Festa video celebrating the anniversary of their debut, the band announced they were going on hiatus. The boy band would not disband, instead focusing on their solo projects. Several members released their hit projects like J-Hope’s album after the announcement jack-in-the-box and Jin’s solo single “The Astronaut.” In October 2022, Big Hit announced that the group’s oldest member, Jin, would enlist in the Korean military (which is mandatory for able-bodied Korean males under the age of 30), with the rest of the members joining later. The company also noted that the band “looks forward to reuniting as a group following their promise of service around 2025.”
RM is the latest member to release his solo project indigoon December 2, 2022. That’s how much RM makes from his music and other endeavors.
What is RM’s net worth?
What is RM’s net worth? According to Celebrity Net Worth, RM’s net worth is approximately $20 million. Much of it comes from performance earnings with BTS, and another portion comes from endorsements and investments. He currently ranks 18th on the list of K-pop idols with highest net worth, according to Seoul Space.
According to the wealthy website, the K-pop group earned $170 million in tour revenue for their 2019 love yourself world tour, that’s a record for any musical group. Although the group was not touring in 2020 due to the COVID-19 pandemic, they offered their fan base (known as ARMY) online virtual concerts such as: Map of the Soul O:NE and Permission to dance on stage online. As soon as the restrictions were lifted, the boys returned to the stage permission to dance on stage Performances in Los Angeles, Las Vegas and Seoul. All of these concerts sold out in no time, and the Los Angeles show sold out on Ticketmaster during presale rounds before general public sales.
BTS is also a brand ambassador for a variety of brands such as McDonald’s, Samsonite, Seoul Tourism, Louis Vuitton, Formula E, Puma, FILA, Coway, LG, Hyundai, Samsung and Lemon-a and more! The Korea Times reported that the band earns between 3 billion won ($2.69 million) and 5 billion won ($4.48 million) per referral.
Let’s not forget the impact of BTS’ music on their earnings! According to Billboard, the band accounted for 1/3 of all US K-pop sales and streams in 2021. her latest album BE sat at the top of the Billboard charts for weeks and it was their fifth album to reach number one with 242,000 album-equivalent units, including 177,000 sales. It also peaked at number one on South Korea’s Gaon Albums chart, selling over 2.2 million copies in its first week. It nearly became the highest opening-week sales in chart history, but her previous album Map of the Soul: 7 still holds the record.
In September 2020, Big Hit Entertainment went public on the South Korean stock exchange. Bang Si-Hyuk, founder of Big Hit and HYBE and producer of BTS, offered the guys 478,695 common shares in the company. At the time of opening, Big Hit’s stock price was $235 (270,000 South Korean won). According to Rolling Stone, it reached a market cap of $7.6 billion and BTS itself earned $108 million in shares, or $15.4 million per group member.
RM is known at ARMY as a loving art and nature lover (there’s even a campaign named after him called “Namjooning”) and invests his time and money in art appreciation. In conversation with the New York Times, the outlet announced that in 2020 it donated 100 million won (about $84,000 at the time) to the National Museum of Modern and Contemporary Art (MMCA) to reissue and distribute out-of-print art books to libraries. RM is also an avid art collector, with one of his prized collections including a $1.2 million sculpture by American multidisciplinary artist Roni Horn entitled Untitled and an abstract painting by Yun Hyong-keun. “I think as an outsider to the arts industry, I have something to offer,” RM said NYT.
RM’s first studio album indigo was released on December 2, 2022. Despite being his debut studio album, RM has released solo material on his earlier mixtapes in the past Mono. and rm Visiting his artistic process and weaknesses, the album features a variety of collaborators such as Anderson .Paak, Erykah Badu, Colde, Paul Blanco, Mahalia, Tablo of K-hip hop group Epik High, Kim Sawol, youjeen and parkjiyoon. “I’ve always focused on trying to prove something to people. Like, ‘I just want to get you guys to listen to this. I just want to share my thoughts. Please listen to this!’” he explained in an interview about the album diversity. “This time I’ve focused on expanding my personal thoughts into something universal, so people can approach that and think that it could be their own stories too. When I did that, it was all mine. But once I’ve made this whole album, it feels like it’s not mine anymore and I just give it to people and people might digest it and think about their own lives through their own colors.”
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https://stylecaster.com/rm-net-worth/ RM Net Worth 2022: How Much Kim Namjoon Makes With BTS