Ever wonder how much you could earn in royalties if you wrote hit songs like Sunmi’s “Gashina” and BLACKPINK’s “Playing with Fire”? Well, we have the answer right here for you.
According to tvN’s The List, Teddy reportedly earned around ₩950 million KRW (~ $850 000 USD) through his song copyright royalties. Teddy is one of the most successful songwriters in South Korea, and has produced songs like 2NE1’s “I Don’t Care” and “Come Back Home”; and BIGBANG’s “Bang Bang Bang”, “Blue”, “Bae Bae”, and “Loser” to name a few.
Thanks to the royalties he gets from songwriting and having been in one of the first popular K-Hip-Hop groups, Teddy purchased a building in Hongdae about 5 years ago that is worth at least 10 billion KRW (~$9 million USD) now. According to an industry insider, Teddy has put up a franchise of Twosome Coffee and his personal recording studio on the floors above. Pretty sleek investment indeed!
Also, back In 2016, Teddy founded the label THE BLACK LABEL, a sub-label of YG Entertainment and signed contracts with artists like Kush and Zion. T, creating even more opportunity to make himself wealthier.