Upvote if you think more people should see this post!

19

13

News
Posted by yckim124 AKP STAFF Thursday, December 20, 2018

Wanna One's group and individual profits revealed

Wanna One is, no doubt, one of the hottest boy groups of 2018. The 11 members gained tremendous attention from the start on Mnet's 'Produce 101,' and they became even hotter following the show - actively promoting on variety programs, CFs, albums, concerts, and more. It's not an exaggeration to say that these boys were everywhere in 2018. So how much did these popular idol stars actually make from their short yet packed year and a half of promotions? 

 

According to Sports Seoul's exclusive reportWanna One made at least 80 billion KRW (71 million USD). The net income is expected to be around 44 billion KRW (39 million USD). CM ENM takes 25%, Swings Entertainment takes another 25%, and the members' agency obtains the remaining 50%.

Individual earnings depend on the members' contract with their original agencies. Most of the Wanna One members have a 50:50 or a 60:40 contract. A 50:50 contract means the member will be taking half which will be about 1 billion KRW (890,471 USD). 

There are members who will be making more than 1 billion KRW. For example, Kang Daniel had many solo endorsement deals. It's assumed Kang Daniel made 300 million KRW (267,142 USD) for a 3-month endorsement contract and 1 billion KRW (890,471 USD) for a 12-month endorsement contract. He still remains to be one of the stars with the highest pay for CFs.

Kim Jae Hwan will also have a higher income than other members as he started off as an individual trainee with no agency and doesn't have to split it. His income is expected to be double of other members around 2.2 billion KRW (2 million USD).

Wanna One is scheduled to disband on December 31. However, the profit from their album and merchandise sales will continue into 2019. This means the revenue can well reach over 90 million KRW (80 million USD) next year after their disbandment. 

Wanna One's final activity will be the goodbye concert. The event is set for January 24-27 at the Gocheok Sky Dome in Seoul.

  1. Wanna One
26 55,748 Share 59% Upvoted

11

mashivip4life Thursday, December 20, 2018 1
Thursday, December 20, 2018

my boys raking in the dough but jaehwan is the real winner lmaooo

Share

-1

jequkut (Banned) Thursday, December 20, 2018 0
Thursday, December 20, 2018

Comment has been deleted

Share

10

iseeu Thursday, December 20, 2018 0
Thursday, December 20, 2018

890k is a lot of money but the real winners are the companies who took 75% of the profits.

Share

7

pinupgirl158 Thursday, December 20, 2018 3
Thursday, December 20, 2018

Man, talk about crazy sharing of profits! To think some of their agencies didn't really do much for the boys. Not everyone was given good training treatment.

Share

1

nctlty Thursday, December 20, 2018 2
Thursday, December 20, 2018

They still got them the chance to get in wanna one, have they not been sponsored by them most of them would not be in produce 101. So their profit would have been 0.

Share

3

dgtw Thursday, December 20, 2018 1
Thursday, December 20, 2018

a lot of the agencies didn't do a single thing. for example mmo (daniel and jisung's agency) never gave them any training or housing and it was jisung who asked the agency if him and the other 4 trainees could go on the show but they're taking 50% maybe 60% depending on their contracts of their pay...

Share

0

nctlty 27 days ago 0
27 days ago

I guess you lack understending of what i said and answer whatever you want to answer, try going to school next time

Share

4

eottoke Thursday, December 20, 2018 0
Thursday, December 20, 2018

no wonder why mnet wants to have a season 4 of Produce 101 as soon as possible because they want to make a huge load of cash. i don’t feel sorry to the members of wannaone if they promote individually and debut to a new group(in case they don’t get as popular as they were in wannaone), since they can live without doing much, if they use their money wisely, through business and investments. i am more sorry to the members of new groups that wannaone members will be in it, because they will be overshadowed by them

Share

2

kimmiefonze Friday, December 21, 2018 0
Friday, December 21, 2018

Its still a lot of money and would probably last at most two years. They should hire a competent accountant to secure their earnings because this will probably the best earning years for some of those boys.

Share

1

Desirea Thursday, December 20, 2018 1
Thursday, December 20, 2018

You do know that isn't completely accurate right? You forgot to take out taxes. One Kpop idol mentioned the taxes could be up to 40%. You also didn't mention any debt they had to pay to their agency that isn't included in the 50 - 60%. So what should have been said is gross profits. Net profits are probably a lot lower, since most idols are in debt to their companies for training expenses. Also the members that already debuted owed their agencies for albums produced; music videos shot; staff members; clothing; food and housing. Luckily for Minhyun before Produce 101 ended all of the Nu'est albums sold-out worldwide, but the one from Hotshot is probably in debt for some costs.

Share

0

Nina14red Friday, December 21, 2018 0
Friday, December 21, 2018

You are so right. Many people don't realize that the company is going to take their share right of the top, but the idol is still left with expenses that will come from their earnings. Taxes like you mentioned and all other expenses that are laid out in their contracts. $800k earned is nothing if your over $1 million in debt to your agency. Sad but this is the reality for these idols.

Share

1

fantasticlau Thursday, December 20, 2018 2
Thursday, December 20, 2018

Wow out of 39M net income, they get even less than a million per member (except Daniel and JJaeni of course). Well, it's still A LOT OF money, considering that many idols take YEARS to earn that much, and most idols don't even earn anything and swim in debt. Still, imagine becoming one of the biggest groups of the year, having a world tour on HUGE sold out venues and continuing to work nonstop having almost no free time except a few days of vacation plus tons of cf deals and seeing your face everywhere, and earning only a fragment of the money. Companies took good advantage of them, and now that their time's up, they're preparing the next group. I hope all the Wanna One members continue to be successful in the future. I enjoyed my 1.5 years with them.

Share

1

grifsnax Thursday, December 20, 2018 1
Thursday, December 20, 2018

I hate seeing comments like this... as if companies dont spend 100k+ per trainee for housing, food, vocal, dance classes, use of their facilities etc for YEARS.... companies have MANY trainees and only a few manage to become famous, they take a lot of risk and spend a lot of money... they don't just take 50/50 to take 'advantage of them'....

Share

0

fantasticlau Friday, December 21, 2018 0
Friday, December 21, 2018

I don't think you get what I meant. This is the net profit so staff wages and other expenditures like that aren't included. I'm not talking about their individual companies, I'm talking about Mnet and Swing (and YMC before them). Where is the lie, though? They get a majority of the profits and now they'll do the same with their new group next year. This is business.

Share

0

mvpshawol 27 days ago 0
27 days ago

ISN'T THIS GROUP DISBANDING? WHY ARE WE STILL SEEING THEM AROUND? DISBAND THEM ALREADY! IT WAS A YEAR PROJECT!!!!!!!!! WTF

Share

0

gypsy_jaeger Friday, December 21, 2018 0
Friday, December 21, 2018

It's a sad inevitable truth that these guys are disbanding... I'm not much of a fan but I sincerely hope that each member will continue walking towards his dream and have a beautiful 2019 as well. I wish them luck on their future individual endeavors.

Share

0

nanako_daniel Friday, December 21, 2018 0
Friday, December 21, 2018

u can get lots of money ,fame ,respect etc if you know how to use your look properly

Share

0

junmyeonsnoodle Thursday, December 20, 2018 1
Thursday, December 20, 2018

the profit splitting on this is insane (although, it's insane in most k-entertainment). I cannot get over how much profit % Korean entertainment labels take from their artists. In the US 10% is pretty standard, so numbers like 50-60% just seem crazy insane.

Share

0

Nina14red Friday, December 21, 2018 0
Friday, December 21, 2018

I agree with you especially considering the fact that idol groups seem to get larger and larger every year, a 50/50 split is unreasonable. The entertainment company automatically gets half while the rest is split 7, 8, 9, or 10+ ways depending on the number of members. The kpop industry is purely out for profit and many do not care about the groups they produce or their future and wellbeing.

Share

0

hiroonakamura Thursday, December 20, 2018 2
Thursday, December 20, 2018

did all of them get CFs or only kang daniel?

Share

3

hihithere Thursday, December 20, 2018 0
Thursday, December 20, 2018

they had various CFs as a group *and* IN ADDITION Daniel had many solo CFs

Share

1

dgtw Thursday, December 20, 2018 0
Thursday, December 20, 2018

they had 20+ cf's as a group. daniel had 6 solo cf's. jihoon, guanlin and minhyun each had 1 solo cf and (jihoon and ong) had 1 aside from the group together as a pair


edit: cf's aside, daehwi and sungwoon also got extra from royalties from the songs they produced for pd48 and w1's last album. and a few members (woojin, daniel, jaehwan, daehwi, ong) helped with the lyrics to some songs so they got a little from that as well

Share

0

Ninjapotato Thursday, December 20, 2018 0
Thursday, December 20, 2018

Rich kings

Share

-1

iBangChan Thursday, December 20, 2018 0
Thursday, December 20, 2018

im crying

rich kings

daniel call me lmao i was going to gold dig on hanbin but i can also get in your pockets dan

Share

-1

Kosmo_Lap Thursday, December 20, 2018 1
Thursday, December 20, 2018

Thanks to the fat and ugly fans for making these handsome men rich.

Please spend more.

Share

1

nanako_daniel Friday, December 21, 2018 0
Friday, December 21, 2018

cannot deny this but your comment is funny lol

Share

allkpop in your Inbox