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Doctor Mike Net Worth: How Much Money He Makes On YouTube

(Last Updated On: August 12, 2023)

Doctor Mike Net Worth – $12.5 Million

 

Doctor Mike is a popular YouTube channel created by a Russian-American internet celebrity doctor whose real name is Mikhail Varshavski. He has an estimated net worth of $12.5 million. He first got famous after his Instagram account was featured in a Buzzfeed article titled “Um, You Really Need To See This Hot Doctor and His Dog”. He had joined Instagram to document his life as a medical student and combat the notion that one cannot have a life in medical school. After his residency, he joined a family practice with Atlantic Health System in Chatham, New Jersey. His content is mainly geared to make the field of medicine relatable, understandable and fun.





How Much Money Does Doctor Mike Earn On YouTube?

The channel has over 12 million subscribers as of 2023 and has accumulated over 3 billion views so far. It is able to get an average of 2 million views per day from different sources. This should generate an estimated revenue of $16,000 per day ($5.8 million a year) from the ads that appear on the videos as they play.

YouTube content creators based in the US, UK, Canada and Australia generally get paid $2 – $12 per 1000 monetized views after YouTube takes its cut. Monetized views usually range from 40% – 80% of the total views. All these are influenced by several factors like the device played on, time of the year, the location of the viewer, ad inventory, how many ads there are on a video, how many people skip the ads, type of advertisement, ad engagement, type of content, etc.

The cost of an ad view is based on an auction between advertisers based on views. Advertisers have to bid a minimum of $0.01 per view. There is also a program known as Google Preferred where deep-pocketed companies can target ads on the top 5% most popular content. The ad rates here are higher than normal.





 

Apart from ads, YouTube content creators also generate extra income from other methods such as YouTube Premium, Superchats & Superstickers, Super Thanks, Channel Membership and Shopping.

YouTube Premium viewers pay a monthly fee to view premium content on YouTube and watch videos without ads. Here, content creators get paid based on watch time on their videos. The longer the viewers watch their videos, the more money they earn.

Super Chat and Super Sticker are used by fans to connect with creators during live streams and premiers. When one buys a Super Chat, their comment is highlighted within the live chat while the Super Stickers get an animated image that surfaces in live chat. Super Thanks lets creators earn revenue from viewers who want to show extra gratitude for their videos. Fans can buy a one-time animation and get to post a distinct, colorful, and customizable comment in the video’s comment section.

Shopping allows eligible creators to connect their stores to YouTube to feature their own products.

YouTube Shorts generate revenue in a different way as compared to traditional videos. The revenue from ads appearing between Shorts will be pooled together then a portion of the total revenue will be allocated to a Creator Pool. Each country has its own Creator Pool. Eligible creators will be paid based on their share of total views. Shorts that use music make less money due to licensing costs.

General Expenses

Content creators incur a wide variety of expenses to create their content. These can include things like production costs, employee salaries, travel expenses, rent, buying new equipment, utilities, amenities, entertainment, subscription fees and other living expenses. One of the biggest expenses for most creators is taxes. Your tax brackets generally depend on your income. In a country like the United States, the highest tax rate is 37%. A combination of all these expenses determines one’s ability to save and invest, consequently how much one’s net worth grows.

Other Sources Of Income

i) Brand deals and Sponsorships

Doctor Mike makes extra income through his medical profession and lucrative brand deals from major brands like American Express, Abbott, Ship Station, Audible, Dropbox, Google and many others,  thanks to his over 4 million follower count on Instagram.

ii) Tik Tok

TikTok is another source of supplementary income. Doctor Mike regularly posts content on the platform and there he makes money from ad revenue share. TikTok pays approximately $0.03 per 1,000 views from the TikTok Creator Fund on average. The fund is essentially a big pot of money TikTok uses to pay a subset of creators with at least 10,000 followers who have generated 100,000 video views in the previous 30-day period. TikTok considers factors like video view counts, video engagement, and the location in which a video was seen when determining Creator Fund payouts.