Larry Wheels Net Worth: $500k – $600k
BIO AND WIKI
Larry Wheels is an American YouTuberYouTuber who is best-known for uploading weightlifting videos, tutorials and strength competition videos in his channel, Larry Wheels. At the moment, he has earned more than 792k subscribers. Also, his channel has garnered a total of more than 135 million views as well. Besides YouTube, he has lots of fan followings on his other social media platforms. Also, he has more than 1.5 million followers on his Instagram alone at the time of writing this article.
Larry Wheels’s YouTube Earnings Calculation
Before making any calculations, we would like to make a statement that, the genuine calculations given below are made from the beginning of Larry Wheels’s YouTube career. The estimation is not made on flawed guessing but, rather on concrete facts and figures collected directly from Larry’s YouTube details. Now let us take you to the journey full of numbers and ultimately know Larry Wheels’s YouTube earnings.
Now, let us get started with the facts and figures. At the time of writing this article, Larry Wheels has exactly 792k subscribers. Larry has been consistent in uploading videos, with over 195 on his YouTube closet. These videos have earned more than a whopping 135,854,751 views till now.
WAIT, now comes the crucial piece of information which you should definitely know to understand the meaning of the results and estimation of Larry’s YouTube earnings below.
First off, YouTube pays YouTubers by placing a piece of ads while the viewers watch their videos. Do you remember the annoying ads popping all over your face?
(Image source: parqamarketing.com)
Yup, that is the main source of their income and earnings. For every 1000 views, advertisers pay an average of $2 – $5, which varies factors such as devices, location, types of ads, user engagement and many more. Now, YouTube takes its cut of 45% of the overall advertising revenue.
For example: if an advertiser paid the average $5 CPM (Cost per 1000 views), YouTubers get 55% of $5 = 2.75, and the remaining 2.25 goes to Google (45%). Hope it clears the general idea of the YouTube earning system.
FINALLY, let’s know what you have been waiting for.
As mentioned above, the total video view from the beginning is 135,854,751. So, now dividing it by 1000, the total number of 1000 views is 135,854.751.
Now, by taking an average of $3 per 1000 views, Larry Wheels’s YouTube earning is $407,562.
HOLD ON? NO TAX FOR YOUTUBERS?
Does any Government leave a person who earns from any sources? – A BIG NO. Generally, YouTubers fall into the category of people who are self-employed.
According to medium.com, YouTubers fall into the category of 20% tax bracket as self-employed individuals.
So, deducting 20% from the above results, Larry Wheels’s estimated YouTube earnings is $326,049 (Approx. $). Now, this is the closest estimation of Larry Wheels’s YouTube earnings that you possibly could get in the entire Internet.
Sponsorship: As Larry has more than 1.5 million followers on his Instagram account, advertisers pay a certain amount for the post they make. Considering Larry’s latest 15 posts, the average engagement rate of followers on each of his post is 7.25%.
Thus, the average estimate of the amount Larry charges for sponsorship is between $2,983.5 – $4,972.5.
Merchandise: As a popular YouTuber, many of his fans and viewers have demanded his own merchandise.
Fortunately, he has provided his own merchandise which is sold through, prlifestyle.com. At the moment, he mostly sells a custom-made T-shirt, hoodies, supplements, diet and fitness programs, and other accessories with various stickers and prints.
The prices of the merchandise range from $10 – $100 which is very affordable and gets ‘sold out’ time and again.
Larry Wheels’s Net worth
Thus, after all the facts and figures explained above, and adding up his YouTube earnings and other income streams, Larry Wheels’s estimated net worth is $500k – $600k. Even after all these explaining and calculations, if you don’t believe it then, “GOD BLESS YOU!”