August 24, 2010 (Sampurn Wire): Reality TV star Mike Sorrentino is slated to become the highest paid reality TV star. According to Hollywood reporter, “The Situation’- is going to make a whopping $5million in endorsements and other small deals by the end of this financial year. Commenting on Sorrentino, Hollywood Reporter’s Leslie Bruce said that Mike Sorrentino is very business minded and has been focused on his career from the very beginning.

Recently Hollywood Reporter did a report on How Sorrentino ended up with millions in his coffers. As far as Sorrentino’s endorsements are concerned, he has finalized a book deal with a huge six-figure advance. Among other endorsements, he is going to have a six-figure endorsement deal for a well-known Vodka brand. Among his fixed income, Sorrentino makes an enviable $60,000 per episode of his wildly popular show.

Right now Mike “the Situation” Sorrentino is tapping into every possible cash stream that he can lay his hands on. There are other reality stars that are making quite a lot of moolah themselves, this includes Kate Gosselin, who makes $250,000 per show and charges five figures for every speaking engagement.

Kim Kardashian is perhaps one of the biggest reality stars, she made her first $5million over the settlement for her alleged sex tape and now she makes and brings home $5 million each year.

–Sampurn Wire