Michelle Phan Net Worth 2022 – Salary, Income, Earnings

Michelle Phan Net Worth 2022 – Salary, Income, Earnings

Michelle Phan Net Worth

Michelle Phan has an estimated net worth of $50 Million. She is an internationally renowned makeup and beauty vlogger with nearly 9 million subscribers and over 1.1 billion views on her self-titled YouTube channel. She earned the majority of her income from her YouTube channel.

Michelle Phan is arguably the most well-known beauty vlogger in the world, with a following not only in the United States and Europe, but also across cultures in Asian and Middle Eastern countries. Her success as a vlogger has led to a slew of other exciting opportunities, including a collaboration with cosmetics behemoth L’Oreal to launch her own line of makeup products under the brand name ’em by Michelle Phan.’

She is also one of the co-founders of ipsy.com, the world’s largest online beauty community, which has over a million subscribers in the United States and is quickly gaining traction in other countries. Michelle began her online career as a blogger and quickly moved to YouTube at the request of her fans.

She has produced and released over 300 videos since then, many of which have been viewed over a billion times. Her online celebrity is due to her artistically done videos with simple instructions that anyone can follow.

To calculate Michelle Phan’s net worth, add up all of her assets and subtract her debts, also known as liabilities.

Michelle Phan’s assets include everything she owns, such as the amount of money in her checking or savings account, real estate equity, savings and investment plans, and items with a clear market value (car, jewelry, clothes, art, etc.).

All outstanding debts, including the remaining balance on her home, car, business or personal loan, credit card debt, back taxes, and anything else she still owes, are included in her liabilities.

Here’s the breakdown of her net worth:

Name: Michelle Phan
Net Worth: $50 Million
Monthly Salary: $300 Thousand+
Annual Income: $4 Million+
Source of Wealth: Makeup Artist, Vlogger

Learn More: Top 30 Richest People In The World

Career

Michelle Phan began a personal blog in 2005, where she shared makeup and beauty tips. She quickly gained a devoted following, and her fans asked her to post more on the subject. Her blog’s success inspired her to start vlogging, and she began posting video tutorials on the website Xanga under the username ‘Ricebunny.’ In May 2007, she began posting on YouTube. Her videos were artistically made, with crisp and easy-to-understand instructions, and she quickly gained thousands of views on YouTube.

Michelle gained a lot of online visibility after ‘BuzzFeed’ featured her makeup tutorial ‘How To Get Lady Gaga’s Eyes’ in 2009. The following year, ‘BuzzFeed’ featured another of her tutorials, which skyrocketed her popularity. The video went viral, gaining Phan over a million subscribers. Her subscriber list grew steadily over the years, and as of June 2017, she had a whopping 8.9 million subscribers who eagerly awaited her new videos. Her success on YouTube has also allowed her to become a YouTube advertising partner.

Meanwhile, her career took a new turn in 2010 when Lancôme hired Phan as their official video make-up artist. As a result, she became their first Vietnamese-born spokesperson, representing the brand all over the world. She co-founded ‘MyGlam,’ a monthly beauty product subscription service, in 2011. She is ambitious and blessed with an entrepreneurial steak. The service, which has since been renamed ‘ipsy,’ sponsors the Generation Beauty conferences, which Michelle Phan helps to organize.

In 2013, she collaborated with L’Oreal to launch the ’em by Michelle Phan’ cosmetic line. Phan’s YouTube Channel was ranked No. 48 on New Media Rockstars’ Top 100 Channels in 2014. In 2014, she co-founded Shift Music Group with Cutting Edge Group (CEG). In March 2015, she collaborated with Endemol Beyond USA to launch the ICON network, which is dedicated to “beauty, lifestyle, and entertainment.”

Awards & Honors

Michelle Phan has been recognized several times for her contributions to the beauty industry as a digital media pioneer in the fields of fashion and beauty. She received the Streamy Award for Inspiration Icon Award in 2014, as well as the Shorty Award for Best YouTube Guru.

In 2015, she won the People’s Voice Webby Award for Best How-To and DIY Channel. She was also named to the Forbes 30 Under 30 list in the category of Art and Style in the same year, as well as Inc’s 30 Under 30 Coolest Entrepreneurs.

Controversies & Scandals

Michelle Phan was once embroiled in a controversy when Ultra Records sued her in 2014 in the United States District Court for copyright infringement relating to music used in her YouTube videos. Phan, on the other hand, claimed that she had permission from Ultra to use the music and thus filed a countersuit against Ultra Records. The suit and countersuit were both dropped in 2015 after both parties reached an out-of-court settlement.

Personal Life

Michelle Phan was born in Boston, Massachusetts, on April 11, 1987, to Jennifer Phan, a Vietnamese immigrant. She has one sibling and one half-sibling. Her mother raised her family while working as a beautician and always encouraged her children to do their best. Michelle attended Tampa Bay Technical High School before enrolling in Ringling College of Art and Design. In terms of romance, she has been in a long-term relationship with Dominique Capraro.

Who Are The 30 Richest People In The World?

The list of the world’s richest people can change from year to year, depending on their current net worth and financial performance. Here is the current list of the 30 richest people in the world, based on the latest Forbes list, and some interesting facts about each of them.

Learn More: Top 30 Richest People In The World

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