Throughout the year, he keeps lists of all the girls and boys, and he checks them twice -- and let's not forget that round-the-world trip he makes on Christmas Eve to deliver all the presents to the good girls and boys.
So how much would Santa earn for all that work in today's economy?
According to Insure.com, Santa would make almost $140,000 a year based on wage data from the U.S. Bureau of Labor Statistics.
The website arrived at the number after figuring out how much an average person would make performing each one of Santa's jobs, including wrapping gifts, taking care of his reindeer and running the workshop.
That last job is what Insure.com would call duties of an "industrial engineer" -- and apparently this was a good year for St. Nick, since his estimated salary rose by more than $2,000 from last year.
29 percent of those surveyed by Insure.com thought Santa should be making way more, though -- like $1.8 billion.
Then again, an equal number of people -- another 29 percent -- think he should make nothing.
Either way, the big guy up in the North Pole is making a heck of a lot more money than those pretending to be him in shopping malls.
Reader's Digest says mall Santas earn about $10,000 for working 40 10-hour days leading up to Christmas.
Santa would even earn more than your mom and dad if they were stay-at-home parents.
The difference -- by the way -- is based on the number of hours stay-at-home moms and stay-at-home dads report they work in the home. Still -- not too shabby by comparison, Santa Claus.
These little ones look like they needed some time to warm up to Santa:
kids crying santa
How much would Santa Claus make in a year?
A man dressed as Ded Moroz (Grandfather Frost), the Belarus Santa Claus consoles a crying little patient during a visit to a children's hospital in Minsk, on December 28, 2012. AFP PHOTO / VIKTOR DRACHEV (Photo credit should read VIKTOR DRACHEV/AFP/Getty Images)
In this photograph taken December 15, 2011 a boy cries during a picture session with Santa Claus complete with mock up reindeers and snowman in winter setting inside an upscale mall in Indonesia's capital city of Jakarta. Some commercial centers are decorated for the Christmas season celebration in the world's most populous Muslim country. AFP PHOTO / ROMEO GACAD (Photo credit should read ROMEO GACAD/AFP/Getty Images)
Syrian boys cry as they are pictured with Santa Claus at a kindergarten in Damascus, on December 19, 2013. AFP PHOTO/LOUAI BESHARA (Photo credit should read LOUAI BESHARA/AFP/Getty Images)
A man playing Santa Claus (C) from Finland sits with children at the Hinomoto nursery school in Tokyo on December 9, 2013. The Santa is here as a goodwill ambassador of Finnair until December 27. AFP PHOTO / Yoshikazu TSUNO (Photo credit should read YOSHIKAZU TSUNO/AFP/Getty Images)
July 17 2010. Santa had a captive crowd save for one, Eric (9 L and hat) , Christian (7 white shirt) Karey Reilly ( blue) Dan Neilsen and the crying youngest Noah (2) who was a little scared of seeing Santa in summer. Santa left Toronto Saturday to head to the World Santa Congress in Copenhagen Denmark but took the chance to hand out some candy to travelers at Pearson. (Rene Johnston/ Toronto Star Staff Photo) (Photo by Rene Johnston/Toronto Star via Getty Images)
TOKYO, JAPAN: A Santa Claus (R) humors a crying baby with a teddy bear after some 200 Santa Claus sang Christmas songs for the charity at a Tokyo hotel, 30 November 2003. Some 200 American charity group members in Santa Claus clad will travel to Asian countries including Hong Kong China, Singapore, and mainland China AFP PHOTO / Yoshikazu TSUNO (Photo credit should read YOSHIKAZU TSUNO/AFP/Getty Images)
BETHLEHEM, ISRAEL: A little girl cries in the arms of Santa Claus during the Latin Church Christmas procession in Bethlehem's Manger Square 24 December. (COLOR KEY: Santa wears red.) (Photo credit should read AWAD AWAD/AFP/Getty Images)
Santa Claus grimaces as Molly Powell,8mos., starts to cry after having her picture taken at Park Meadows Mall. Shoppers hit the malls the day after Thanksgiving to catch special prices at retails shops. (Photo By John Leyba/The Denver Post via Getty Images)
Iyona Sansbury, 4, of Columbia, South Carolina, thinks about what she wants for Christmas while sitting on Santa's lap at Dutch Square Center, Columbia, South Carolina, Thursday, December 20, 2012. (Tim Dominick/The State/MCT via Getty Images)
This photo taken Wednesday, Dec. 11, 2013, in Kwethluk, Alaska, shows Alaina David, 2, crying while having her photo taken with Santa . The visit of Santa and Mrs. Claus is part of the Alaska National Guard's Operation Santa Claus, which visits several remote Alaska Native villages each year. (AP Photo/Mark Thiessen)
This photo taken Wednesday, Dec. 11, 2013, in Kwethluk, Alaska, shows 2-year-old Lucas Fisher crying while having a picture taken with Mrs. Claus. The visit is part of the Alaska National Guard's Operation Santa Claus, which visits several remote Alaska Native villages each year. (AP Photo/Mark Thiessen)
Little four-month-old Tavist Lohden, left, lets out a cry as he his held by Santa Claus, portrayed by Bob Campbell, at the Dallas Arboretum and Botanical Garden in Dallas, Saturday, Dec. 11, 2010. As much of the country(AP Photo/LM Otero)