Mike The Situation Sorrentino Net Worth
Mike "The Situation" Sorrentino net worth: Mike "The Situation" Sorrentino is an American reality TV star who has a net worth of $300 thousand dollars. Mike "The Situation" Sorrentino was born in Staten Island, New York. He first became well-known as a cast member of the MTV reality show "Jersey Shore". At the peak of the show's success, Mike earned a salary of $150,000 per episode and had a net worth that topped $10 million. Unfortunately after making several poor investments and failing to pay taxes on $9 million worth of income, Mike's net worth was reduced to less than $300 thousand according to a court filing.
"The Situation" was born in West New Brighton, Staten Island, New York, on July 4, 1982. He spent most of his childhood in Manalapan Township, New Jersey. Sorrentino attended Manalapan-Englishtown Middle School and Manalapan High school. He worked in a fitness club after graduating from high school and then began modeling underwear before becoming a TV star. In 2009, he was cast on the reality television series, "Jersey Shore", and appeared in all seasons of the show. His role on "Jersey Shore" led to guest appearances on multiple talk shows including, "The Howard Stern Show", "Jay Leno Show", "Chelsea Lately", and "The Ellen DeGeneres Show". He also appeared on Season 11 of "Dancing with the Stars". He and his partner Karina Smirnoff were eliminated during the 4th week. He endorses a number of products, and also has his own DVD fitness series, a vitamin line, a clothing line, and has published one book, though it was unsuccessful. He launched a rap career as well, and released one single. Sorrentino appeared with Bristol Palin in the fall of 2010, in a public service announcement for The Candie's Foundation, for its campaign about abstinence called Pause Before You Play. Sorrentino signed to be a star on the web series "Random Talent" on YOBI.tv along with British comedian Ben Green. The Situation was a part of the roast of Donald Trump on the Comedy Central Station; however most of his jokes were booed by the audience. In August of 2011, Abercrombie & Fitch offered Sorrentino a large sum of money "NOT" to wear the company's clothing. Other names that Mike is known under include The Situation, Mike, The Snitchuation, and Sitch.
Tax Problems: In April 2017, Mike was hit with some very serious tax-dodging charges. He was indicted in Newark, New Jersey on charges of tax evasion and filing a false tax return related to his fashion line Situation Nation. He allegedly failed to file a 2011 personal income tax return altogether. He is accused of dodging taxes between 2010 and 2012 on $8.9 million worth of income that he received from promotional events. He allegedly filed returns that included millions of dollars worth of phony business expenses. For example, he was writing off luxury car payments and personal grooming expenses. He also reportedly deposited large sums of cash into various bank accounts in increments under $10,000 because he thought this meant the money would not be reported to the IRS by the bank. His brother was also charged in the case. On October 5, 2018 he was sentenced to serve 8 months in prison. He could have faced 20 years.