This is one BIG Money "Situation"

GTL + IFF + GFF = $5 million. YES, this equation is correct. Mike "The Situation" Sorrentino from MTV's hit show Jersey Shore is estimated to make approximately $5 million dollars this year.

His financial gains stem from making nearly $60,000 per episode and anywhere from $10,000-$50,000 per public appearance (should equal to about $1 million total). Beyond the obvious sources of his income he has a rap single, endorsing a line of vodka, working on a book called "Here's the Situation" and is also rumored to have an iPhone app in the works based of his daily Gym, Tan, Laundry routine.

Naturally, like most people you should be pretty jealous that this man is just pulling in all this dough. Especially when his claim to fame is making up new lingo used by the youth in America and going out to clubs, getting drunk, and avoiding grenades. But, I'm not jealous. Just let him "do him". You have to give him his props for milking his 15 minutes of fame and making all this cash money.

What's next for "The Situation" and the rest of the Jersey Shore kids? Who knows, but aren't you intrigued to find out?