BTS is known as a South Korean boy band that is one of the biggest Hip-hop icons in the world. BTS is going on hiatus, fans are concerned about whether the group is disbanding or not?
BTS group formed in 2010 and debuted in 2013. The members of the crew have been able to reach new heights and were one of the most influential people on the planet as well. Initially, this group was formed for hip-hop but later on, the group focused on a wide genre of music.
The group has sold over 32 million albums, they are the best-selling artist in South Korean history. They are the first Asian and non-English speaking act to be named the International Federation of the Phonographic Industry.
Why Is BTS Going On Hiatus In 2022? Are They Disbanding?
BTS Group is on indefinite hiatus as each member is trying to grow on their own. The members of the group are trying to venture into their own solo careers.
Moreover, the group is also under pressure to join military service for 1.5-years which is mandatory for the citizens of South Korea, but the parliament of the S.Korea was trying to exempt the group due to their significant contribution to the economy and fame of the country.
Nonetheless, the group had been performing for a decade together thus they are seeking ways to break out and make their own path in the hip-hop industry.
In contrast, the contract of the K-pop group has been renewed till 2026-2027, when it was going to expire in 2020. But the group members have stated that they are going into indefinite hiatus to make their own breakthrough.
Who Are BTS Members: Background About The Hip-Hop Group
The members of BTS are Jin, Suga, J-Hope, RM, Jimin, V, and Jungkook. Among them, Jung kook, Jimin, Jin, and V are in vocals whereas Suga, J-hope, and RM are focused on rapping.
The group faced various adversity in their path, they debuted through a small bankrupt company, their initial name was Bangtan Sonyeondan later they took its short form (BTS).
In addition, the group was ridiculed for the member’s physical appearance, skin complexion, beauty standards, and Korean beauty standards. BTS has been able to secure multiple awards and amassed a huge following since its debut.
Ultimately, they made their mark in the S. Korean and global music through their song “I Need U” followed by “Wings”. Thus, the crew has been able to set a benchmark in the accomplishment among S. Korean and global artists.
What Are BTS Members Net Worth?
BTS band is believed to be worth around 3.5 billion dollars, and the annual income of the group is 60 million dollars. Their label Hype went public last year which increased the net worth of the group.
BTS shares in HYBE are 478,695, also each member’s shares in HYBE are about 68,000. Also, the S.Korean government had stated that the group contributed about 0.3% of the national economy through their performance, albums, and merch in 2019.
Overall, their contribution to the GDP of the country is about USD 4.9 billion dollars. Hence, the group members are among the 47th highest-paid celebrities in the world.
Individually, J-Hope has the highest net worth among the BTS members, which is about 26 million dollars. Similarly, V, Jungkook, Jimin, and Jin have 20 million dollars. Whereas Suga is worth around 25 million dollars and RM is 22 million dollars.