Mike “The Situation already spends $10million

Mike “The Situation” Sorrentino has blown all his cash!

According to an In Touch Weekly report, the Jersey Shore star has blown through around $10 million.

“He won’t stop spending money,” an insider said.

“He’s so cocky; he thinks he can spend like an A-lister.

“No one is paying him for appearances anymore. Forget his Ferrari, he’ll be back in a crappy car before he knows it!”