Youtube was one of the first sites of its kind when it launched in 2005. Now many sites have tried copying it but none have been as successful and none pay out what Youtube does either. Many Youtube stars are making a ton of cash from their video views. Whether their channel is about makeup, gaming or simply a comedic station, Youtubers make bank. Some of them are even worth millions of dollars.
What about Youtube makeup artist Michelle Phan? Is she raking in the cash from her Youtube channel? What is Michelle Phan’s net worth and how did Youtube help her get there?
Michelle Phan’s Net Worth
Michelle Phan’s net worth is estimated to be about $50 million. Since she began taping her makeup tutorials in 2005 Phan has been bringing in a significant amount of money from Youtube as well as a number of other lucrative deals she was able to land because of her channel.
Phan was born on April 11, 1987, in Boston but lived most of her life in Tampa, Fla. She attended Ringling College of Art and Design and received an Honorary Doctorate in 2014. By then, however, Phan had already been posting about makeup tutorials and creating videos for nine years.
The 30-year-old Youtube star started out blogging on her own personal site which focused on talking about new/different makeup techniques. She also critiqued some of the makeup tutorial videos that existed on the web at the time. It wasn’t long until Phan got the vlogging bug herself though. After Buzzfeed shared her video “How to Get Lady Gaga’s Eyes,” Phan went viral and was able to climb to over 1 million subscribers.
Since then Phan has become a Youtube advertising partner and has even launched her own multi-channel network called FAWN. Additionally, her Youtube channel was named on the “New Media Rockstars‘” Top 100 Channels at number 48.
Although each of Phan’s accomplishments on Youtube is no small feat, she didn’t get all her cash from the streaming site. What else has contributed to Michelle Phan’s net worth?
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How Phan’s Youtube Career Built Wealth
Not many 30-year-olds have a $50 million fortune they’re sitting on but Phan was able to manipulate Youtube to benefit her business ventures. After gathering the following Phan was able to start earning real money from Youtube.
Youtubers are able to pull in a lot of cash from their videos. You get paid $1.50 to $4 for every 1,000 views your video receives. Once you reach 1 million subscribers about 10 percent of your following will view a video when it is posted. So, essentially, Youtubers with 1 million subscribers will make $150 to $400 for every video they post. After a while, this adds up.
Another way many YouTubers, including Phan, make money is through other endorsements and deals. Phan was able to land deals with big name-brand makeup companies like L’Oreal and Lancôme. She’s also published her own book, launched her own music group and makeup subscription company.
It is fair to say that many YouTubers are doing well. Because of her ability to use Youtube and land awesome deals, Michelle Phan’s net worth is likely to continue to climb in the years to come.
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Amanda Blankenship is the Director of Social Media for District Media. In addition to her duties handling everything social media, she frequently writes for a handful of blogs and loves to share her own personal finance story with others. When she isn’t typing away at her desk, she enjoys spending time with her daughter, husband, and dog. During her free time, you’re likely to find her with her nose in a book, hiking, or playing RPG video games.
[…] and Lancome. These deals are what have truly contributed to her overall wealth. So, what is Michelle Phan‘s net worth now and how has she gotten […]