Psy of Gangnam Style fame is back and better than ever. Breaking his five-year hiatus, the singer has returned with a full-length album that features tracks he’s made in collaboration with K-pop’s best, including Suga of BTS . Born Park Jae-sang, Psy’s stage name is short for “psycho” and he is known to the world as the Korean sensation whose catchy lyrics, trendy music videos and infectious invisible horse dance took over the internet and broke records all over the world. Psy has long been making music but it wasn’t until Gangnam Style that he became a household name. So what was his life like before the hit song, and what did he do with his fame after? We take a look at his wealthy family background, controversial career and how he grew his net worth through his success in music. Born with a silver spoon Psy hails from a wealthy family. His father, Park Won-ho, is the chairman of Di-Corp, a semiconductor company, while his mother is said to own several restaurants in Seoul. What happens to failed K-pop stars? 4 former idols who changed careers In 2012, when Gangnam Style became the most-viewed video on YouTube and the first Korean hit to break Apple’s music download charts, the stocks of Di-Corp surged over US$101 million and became one the most valuable stocks at that time, according to a Reuters report. It is said that the success of Gangnam Style has attracted investors to Di-Corp because of the fact that it is owned by the singer’s father and uncle. Inappropriate content Early on in his career, Psy’s songs garnered attention, but for the wrong reasons. Following the debut of his first full-length album in 2001, Psy was fined by the South Korean government for its “inappropriate content”. He has become known for having a “bad boy reputation”, as per Time , and his albums have been controversial because of their explicit lyrics and alleged negative effects on young listeners. 4 of Psy's new songs including 'I Luv It' & 'New Face' deemed inappropriate for broadcast by KBS https://t.co/n41mq4VTO8 pic.twitter.com/nbVnySuYFV — allkpop (@allkpop) May 17, 2017 As a child, Psy was regarded as a “class clown” and was known to be mischievous. On Korean television show Good Morning , Psy’s former teacher revealed how the singer made a lot of sexual jokes during class, adding that despite his naughty ways, he brought “great energy” to the class. View this post on Instagram A post shared by PSY (@42psy42) Formal schooling didn’t seem to work for him, as the singer himself revealed how he often annoyed his classmates because he didn’t enjoy going to school, in an interview clip also shown on Good Morning . For his later education, Psy was supposed to complete a degree at Boston University, but dropped out after a semester. He transferred to Berklee College of Music, but also did not graduate, according to The National . 5 times Blackpink’s Lisa proved she’s Thailand’s unofficial princess Gangnam Style glory While Psy has been actively releasing music since 2001, luck eventually found him in 2012, thanks to Gangnam Style . In that year alone, Psy is said to have earned US$2 million from YouTube ads and roughly about US$8 to US$10 million from sales, endorsements and other public appearances, according to Forbes . His success led him to sign with Scooter Braun, Justin Bieber’s manager, and release two more albums. According to Billboard , he left his agency, YG Entertainment, in 2018, to form his own, called P Nation . His current estimated net worth is at US$60 million, per Celebrity Net Worth. View this post on Instagram A post shared by PSY (@42psy42) Recently, the hitmaker has been trending again – this time for the chart-topping That That , the lead track of his just-released full length album, “Psy 9th”. The song features Psy’s collaboration with Suga of BTS, where both artists composed, wrote, sang and appeared on the track’s music video. “Psy 9th” also includes Psy’s works with other big names in K-pop, including singer and actress Bae Suzy, rapper Zico, Korean-American rapper Jessi and Tablo of Epik High, among others. Want more stories like this? Follow STYLE on Facebook , Instagram , YouTube and Twitter .