How does Got7’s Jackson Wang spend his wealth? Hong Kong’s very own K-pop idol splashes on prime real estate, Fendi and Jimmy Choo designer clothes – and his dad

Mar 26 , 2021

Hong Kong-born K-pop star Jackson Wang knows how to spend it in style. Photo: @jacksonwang852g7/Instagram

Hong Kong-born all-rounder Jackson Wang has been making strides in the Korean entertainment industry since debuting in 2014.

It might be no surprise to learn that the singer-songwriter-producer is the wealthiest member of Got7, considering his workload of solo activities and brand endorsements. But his US$8 million net worth is still a lot of cash. So how does he spend it, and how did he get that rich in the first place?

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He manages and operates Team Wang

Wang founded his own international record label Team Wang in 2017, which released his first English-language track Papillon the same year. The song made a remarkable impact in the Chinese music industry. He continues to release music under his label, and even topped the Billboard Emerging Artists list in 2019. Team Wang has also partnered with Sublime Artist Agency for his promotions in South Korea.

Jackson Wang shows off his artier side for Monèt. Photo: @jacksonwang852g7/Instagram

In 2020, he launched his fashion collection called Cookies – The Original as part of his merchandise division Team Wang Design, of which he serves as lead designer and creative director. The label has partnered with many brands such as Fendi, Ray-Ban, Super X and Monèt.

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He gets great gifts for friends and family

Wang has a heart for gift-giving, which proves his strong relationship with his friends and family. In 2017, he bought a US$16,000 custom-made friendship bracelet from IF & Co. Jewelers for fellow Got7 member Mark. The bracelet, which came in a pair, was made of solid 14-karat rose gold with 7mm white gold cuban link chains and white diamonds.

Wang also gave his father an iPad Pro for his birthday last year, because he knew his father loved watching films and videos on his phone, and thought he might enjoy a bigger screen.

He has a passion for fashion

The ever-stylish Jackson Wang. Photo: @jacksonwang852g7/Instagram

The idol has become established as one of the most stylish and notable members of Got7, stunning fans with his distinctive flair and macho style. Wang has been seen sporting luxury brands such as Fendi, Off-White and Jimmy Choo as well as Team Wang merchandise. One fan broke down the group’s outfits, and deduced that it’s not uncommon for Wang’s outfits to cost several thousand US dollars – before jewellery.

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He invests in real estate

Jackson Wang, just chilling. Photo: @jacksonwang852g7/Instagram

Wang was widely reported to have bought a residential unit in The Cullinan complex in Hong Kong’s Union Square, Kowloon. The luxury residential private housing estate is considered to be one of the most expensive real estate destinations in Hong Kong, and has glass curtain walls and views of Victoria Harbour. The 875 sq ft (81-square-metre) unit was bought for HK$38.8 million (US$5 million) in 2019, according to several media reports at the time.

He practices philanthropy

Mr nice guy? Jackson Wang of Got7. Photo: @teamjacksonwangg/Instagram

Wang is admired for his good character. In 2019, he won a lawsuit against a detractor who posted defamatory content about him and donated the compensation money of 60,000 yuan (US$9,000) to charity, saying the sole purpose of the lawsuit was to defend and protect his character rather than make bank.

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K-pop, Mandopop and other Asian pop

With a net worth of US$8 million, Jackson Wang is the richest member of Got7 thanks to his lucrative brand endorsements and Team Wang fashion brand
He’s a fan of Fendi, Off-White and Jimmy Choo, dug deep for a US$5 million Hong Kong luxury flat in 2019, and gifted his dad with an Apple iPad Pro