By (staff@latinospost.com) | First Posted: Aug 19, 2013 01:20 PM EDT

It's almost unbelievable how Youtube videos could transform a common user into a superstar. From posting pranks to video series on the website, it has made video geeks into household names.

While video creating is not an easy task, it's worth noting that the most viewed videos and channels have already banked in millions from video ads on their multiple videos.

Following a specific formula to calculate their estimated earnings, here is Social Blade's list of the Top 5 highest Youtube earners for 2012 as reported by New Media Rockstars.

Click through the slideshow to find out.