South Korean rapper PSY used part of the fortune he received from his pop song "Gangnam Style" to buy himself a new $1.25 million condo that he paid for all in cash, according to TMZ.

The two-bedroom, 2,700 square foot apartment is in the 29-storey Blair House, which is near Beverly Hills. The 34-year-old, whose real name is Park Jae-Sang, became a household name in the U.S. and the music video for "Gangnam Style" has amassed over a billion views on YouTube, beating Justin Bieber's "Baby" and making it the most watched YouTube video ever.

On Dec. 21, 2012, "Gangnam Style" became the first video in the history of the Internet to reach and surpass one billion views, according to Billboard. The milestone came just 27 days after PSY's music video broke the 803 million YouTube views record set by "Baby."

Earlier in December, PSY apologized for performing an anti-America song in 2004 with lyrics that included "Kill those [bleep]ing Yankees who have been torturing Iraqi captives . . . Kill their daughters, mothers, daughters-in-law and fathers. Kill them all slowly and painfully."

He said he was "deeply sorry" for any pain he "caused by those words" and how the lyrics could have been interpreted.

MTV News posted an interview with the 34-year-old entertainer on Dec. 31 where the rapper said he planned on not performing his hit as much after his performance on ABC's broadcast of "Dick Clark's New Year's Rockin' Eve with Ryan Seacrest."

"Being in Times Square on New Year's Eve is already special - it's the biggest stage in the universe - plus it's my birthday, so, with all that, it may be the ending of 'Gangnam Style,' " Psy told MTV News. "I mean, what better way to do it? The song became too popular, and so you start to have some concern about its life period."

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