Kim Seungmin is widely known as one of the vocalists in Stray Kids, one of the leading fourth-generation K-pop groups. He is also known to be one of the members who come from a rich family. But excluding his family's wealth, how much has Seungmin earned as a K-pop idol? Keep on reading to find out!
Seungmin Net Worth 2022: Is He the Richest Stray Kids Member?
Seungmin already lived in a luxury apartment before his debut. He was born into a prominent family, his mother is a surgeon while his father is a prosecutor. This makes him one of the richest trainees under JYP Entertainment.
Kim trained for only one year before participating in the survival show "Stray Kids." He then debuted as a Stray Kids member in March 2018, and re-debuted in the group's subunit Vocal Racha six months later.
ALSO READ: Yang Jeongin Net Worth 2022: How Rich Is Stray Kids' Maknae?
Since then, Seungmin has been actively participating in Stray Kids' group music promotions and other activities. In particular, Seungmin's net worth as of July 2022 is $1.4 million USD, as per this site. This makes him the only Stray Kids member with a net worth of $1.4 million. Also, the figure is mainly composed of his earnings as a K-pop idol. He is expected to earn more before the year ends, as Stray Kids has more activities to accomplish.
How Did Stray Kids Seungmin's Net Worth Surpass $1 Million in 2022?
Many factors influence Seungmin's net worth, one of which is Stray Kids' album sales.
In mid-2020, the boy group started to see a great increase in their album sales with their first studio album "GO LIVE." This album became their first work to reach 200,000 first-month sales in South Korea and their first work to hit half a million sales.
READ MORE: Stray Kids Scores New Milestone on Spotify - Here's What They Achieved!
Their album sales with their succeeding albums- "IN LIFE," "NOEASY," "Christmas EveL," and "ODDINARY"- further grew. Not to mention, "NOEASY" became Stray Kids' first album to sell one million units in South Korea, and also the first album released by JYP Entertainment to obtain the milestone in history. "ODDINARY" later became the group's second million-selling album.
Seungmin also earns money from writing and composing songs for Stray Kids, and he gains a pretty high amount if the tracks do well. His works include "4419," "My Universe," "Piece," "Gone Away," "Behind the Light," and "Waiting for Us," to name a few.
YOU MIGHT ALSO LIKE: Stray Kids' 'ODDINARY' Scores New Feats on Billboard, Spotify
Other than that, Seungmin brings in a lot of money from Stray Kids' fan meetings and concerts. The octet has held multiple fan meetings and concerts in the past years. Their latest fan meeting (called "SKZ's CHOCOLATE FACTORY") was in Seoul. They also embarked on their new world tour "MANIAC," and held numerous concerts in Seoul, North America, and Japan in the first half of 2022.
Brand endorsement deals also greatly affect Seungmin's net worth. This 2022, Stray Kids was selected as the one of newest global ambassadors for the Philippine clothing and lifestyle brand BENCH. Previously, they endorsed CLIO cosmetics, PROSPECS, Ivy Club, Lotte Duty Free, and Japan's WEGO, among others.
When it comes to solo activities, Seungmin doesn't have much. But he became one of the hosts for "After School Club" in 2018 and "We K-pop" in 2019.
For more K-pop and celebrity news, follow and subscribe to KpopStarz.
KpopStarz owns this article
Written by Maria Scott
