UNBELIEVABLE!  Whether you like PSY or are sick to death of him- the fact of the matter is- by the end of the year- he'll be a multimillionaire.  

As "Gangnam Style" gallops toward 1 billion views on YouTube, 34-year-old Park Jae-sang — better known as PSY — is set to make bank from YouTube ads and iTunes downloads. An even bigger dollop of cash will come from TV commercials.

From just those sources, PSY and his camp will rake in at least $7.9 million this year!

What's more interesting- for online music sales in South Korea, he'll earn less than $60,000.