(Last Updated On: May 20, 2019)
Summit1g Net Worth – $7.5 Million
Summit1g is a popular streamer on Twitch from the United States. His real name is Jaryd Lazar and has an estimated net worth of $7.5 million. Before Twitch, he was a competitive Counter Strike: Global Offensive player who played for the recreational teams A51 and Team Mythic. Currently he streams Fortnite, CSGO, Destiny 2, Escape From Tarkov, Realm Royale, Sea Of Thieves and many other games. He started out in 2012 and has been growing steadily ever since. His peak viewership of around 90,000 views was when he streamed Mythic’s run at ECS qualifiers in CS:GO.
How Much Money Does Summit1g Earn On Twitch?
The channel has over 3.5 million followers as of 2018 and has accumulated over 300 million views so far. It is able to get an average of 30,000 views per stream on a regular basis. Streamers make money through subscribers, donations, ad revenue and bits. Summit1g currently has 20,000 subscribers and earns a minimum of $2.5 per sub every month which should add up to $50,000 every month. Jaryd earns an equally high amount from the other income generating sources.
Officially, Twitch Partners and Affiliates receive 50% of the total subscription fee, so for the $4.99 tier, the streamer would get around $2.50. Twitch has been known to increase this amount for popular streamers to encourage them to remain on the Twitch platform, with some being upgraded to anywhere from 60% to 100% of the monthly fee.
Streamers make money through the Cheering feature when a fan cheers with bits in the chat. A Cheer is an animated chat emote that uses bits. Typing “Cheer1” will generate a grey bouncing triangle, and cost you 1.4 cents. “Cheer100” brings up a dancing purple diamond, and costs you $1.4. You can Cheer any amount you please (including irregular figures, and the corresponding emotes get larger and larger, up to a “Cheer10000,” a $140 tip represented by a fractured red star. streamers will get 1 cent for every Bit pledged while Twitch will keep the 0.4 cents.
Fans can also donate directly to their favorite streamers through Paypal and also cryptocurrencies such as bitcoin, litecoin or ethereum. There are a variety of third-party services which Twitch streamers can connect to their account to activate additional features such as donations and alerts. Some of the more-popular services are Gaming For Good, StreamTip, Muxy, Stream Elements, and StreamLabs. All of these services create a unique donation page for your channel hosted on their own server which you can direct your viewers to make a donation.
Summit1g makes extra income through his YouTube channel where he mostly posts various highlights from his stream. He has over 500,000 subscribers as of 2018 and has accumulated over 80 million views. In a day it gets an average of 30,000 views which should generate an estimated revenue of around $60 per day.
YouTubers get paid between $2 – $5 per 1000 monetized views after YouTube takes its cut. Monetized views range from 40% – 60% of the total views. All these are influenced by several factors like device played on, the location of the viewer, ad inventory, how many ads there are on a video, how many people skip the ads, ad engagement 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, YouTubers also generate extra from YouTube Red viewers who pay a monthly fee to view premium content on YouTube plus watch videos without ads. Here they get paid based on watch time on their videos. The longer the viewers watch their videos, the more money they earn.
Summit1G also has sponsorship deals from companies like Monster, Corsair, CyberPower PC etc.