The Insider.com

South Korean pop star PSY (real name Park Jae-sang) is living it up Gangnam style these days, but just how much money has his ubiquitous Internet-launched single garnered for him?

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VIDEO: PSY & MC Hammer Backstage at AMAs

The Associated Press estimates that through YouTube ads (the 34-year-old singer's Gangnam Style video is approaching 1 billion views), iTunes downloads and TV ad campaigns Team PSY stands to make at least $8.1 million this year.

According to the AP, YouTube views account for $870,000, downloads and CD sales account for $2.6 million and ads could be worth $4.6 million.

Ironically, the news source estimates that online music sales in his native country will earn him less than $60,000.