Mike The Situation: $5 Million Man

August 23, 2010 By:
Mike The Situation: $5 Million Man

Mike "The Situation" has been making headlines all summer for his abs and his newfound cashflow. But word on the street is he is one of the highest-paid reality stars out there right now.

According to the Hollywood Reporter, who now refers to him as “The Corporation,” Mike will have made $5 million at the end of this year when all is said and done.

"He's pretty business-minded, and has been savvy about this from the beginning," says Leslie Bruce of the Hollywood Reporter, which just ran a rundown of exactly how Sorrentino fell into his millionaire situation.

Coming up next for the Jersey Shore guido is a book deal with a six-figure advance, a six-figure endorsement deal for a vodka brand, a GTL app and rap song on iTunes, workout videos, chewable supplement brand endorsement, and about $60,000 per episode of his show.

"We are really excited about all the opportunities coming Mike's way," said Sorrentino's manager, Mike Petolino of Gotham Entertainment. "He has been able to secure many endorsement deals, business opportunities and additional television offers based on the success of the show. Our goal has always been to try to build a brand if the situation presented itself."

And just today we heard he’s confirmed for the next season of Dancing With the Stars. And we all know that show pays different amounts to each contestant depending on how much publicity they bring to the table. With Mike, it’s obviously through the roof.

But still beating Mike in the reality department is Kate Gosselin, who reportedly banks $250,000 an episode for Kate Plus Eight. These two are just a couple examples of reality stars with bigger paychecks than real actors.

But that may just be The Situation’s next step—according to reports, he’s already fielding offers from studios to pop up in some films. All this from an overtanned, gym rat from Jersey…at least he’s not Spencer Pratt.