Any idea how much GamersNexus and Rossmann make a month? I'm super curious about GN because they've managed to stay competitive and relevant as a tech review channel on less than 5 people for so many years (though it was clear they were struggling to cover events back in 2017-2019 with so few staff and so much ground (topics and physically) to cover).
A few years ago, Steve said if he wanted money, he would have stayed on at a desk job (he used to work at Dell). I'm guessing the situation has improved quite a bit with their move to their new office location and decision to add 1 new hire (a big deal since they've been operating with such a small team).
The GN Patreon rakes in $10k a month, no idea what his Youtube and merch sales brings in. I'm assuming their average pay is at least $60k/year, rent should be around there too. Then there's equipment they need to buy, and they've been getting more and more prebuilts out of pocket for review, so I'm guessing this is at least $3k a month. So to cover operating costs, their total revenue needs to be at least $30k a month. Does that sound realistic?
I'm curious about Rossmann too, because he's debooonked various online "net worth" estimators that claim he's a multi-millionaire. He's brought up the claim, multiple times over the years, that he's nowhere near the levels mentioned by those websites ($1-3 million) and he's dirt poor. IMO this is false.
He recently mentioned that business is mostly mail-in repair (over half) with the remaining half being walk-in, and he plans to cut down his staff (15-20 people) by more than half when he moves. He also said his lowest paid employee makes around $7k a month. So to cover rental, payroll, operating costs (i.e. acquiring parts) and taxes of his business, total revenue needs to be at least $250-300k a month.
He implies that he cares a lot about his employees so let's assume a 40 hour work week for each employee. Assuming each repair job/recovery takes 2 hours (because let's face it, nobody ACTUALLY works a full 40 hours a week) and averages $400 per job. Each employee should make around $30k worth of repairs per month. Let's multiply that by 12 (he has more people than that, but there's at least the receptionist, logistics/packer and support email person who don't do as many or any repairs). That's $360k of revenue per month, with a profit of about $60k a month.
He's mentioned that the few k he gets from Youtube (I think it's always been less than 5k, and these days more like 2k?) is nothing compared to what his business brings in, which is why he doesn't give a fuck about being politically correct on his channel.
On a personal level, Louis' original rental in Brooklyn and cost of living has got to be at least $5000 a month. He often describes himself as a cheap fuck but I think he orders in food/does takeaway quite a bit considering how much he works. So most of that $5k is gonna be food and rent. Let's assume he doesn't spend much beyond that, and most of his trips are business expensed. These days he also has a car and a 2nd rental in New Hampshire. Conservatively that adds another $1000 a month to his monthly expenses.
Even if he paid himself "only" 20k a month, that's $14k in savings per month or $170k a year. He's been pretty successful for at least the last 5 years so he's got at least $900k in his personal savings, which is pretty good for a 33 year old guy who never finished college.
I'm also very conservative in the estimates for Louis. It could very well be that he brings in way more than that a month as revenue, especially if he personally does double the work of a single employee (at one point a few years ago, it seemed like he was at the store like 16 hours a day). If that were the case, his savings/net worth would probably be a lot closer to 1.5-2 mil.
