PSY To Make At Least $8.1 million Off 'Gangnam Style'

You know the song, I know I'm not the only curious to know how much $$ dude made, AP reports Psy is set to make at least $8.1 million from his hit and most popular YouTube video ever, "Gangnam Style".

The number based on an analysis by The Associated Press of publicly available information and industry estimates PSY became a millionaire based on YouTube ads and iTunes downloads only.
Fun fact: in South Korea, he'll earn less than $60,000.

AP reports:

As "Gangnam Style" gallops toward 1 billion views on YouTube, the first Asian pop artist to capture a massive global audience has gotten richer click by click. So too has his agent and his grandmother. But the money from music sales isn't flowing in from the rapper's homeland South Korea or elsewhere in Asia.

With one song, 34-year-old Park Jae-sang — better known as PSY — is set to become a millionaire from YouTube ads and iTunes downloads, underlining a shift in how money is being made in the music business. An even bigger dollop of cash will come from TV commercials.

From just those sources, PSY and his camp will rake in at least $8.1 million this year, according to an analysis by The Associated Press of publicly available information and industry estimates. But for online music sales in South Korea, he'll earn less than $60,000.

Understand how it works more in details over at the AP.