MrBeast became one of the highest-paid YouTube stars after years of dedication, here’s how he spends his impressive net worth…
Jimmy Donaldson “MrBeast” is an American YouTube star, philanthropist and entrepreneur known for his YouTube stunts that usually involve him giving large sums of money away to friends, charity or other philanthropist causes. He is considered the pioneer of the philanthropic YouTube stunt videos genre and has inspired several YouTube creators to follow in his footsteps and obtain moderate to high levels of success.
YouTube as a social media platform has catapulted several creators into mainstream success, from musicians who got their start on YouTube, to beauty gurus who became makeup moguls, the platform has changed the lives of several creators like MrBeast who initially created their YouTube Channels to connect with their audience as a hobby. Several mainstream celebrities have now created Youtube channels to connect with their fans and show them what it’s like to live a day in their lives.
Jimmy has six YouTube channels, boasting over 391 million subscribers combined. His main Channel “MrBeast” has over 132 million subscribers alone, which makes it the 4th most subscribed YouTube channel in the world, making him one of the highest-paid YouTubers on the planet. Here’s how MrBeast obtained his impressive NetWorth and how he plans to spend even more money…
How MrBeast Became One Of The Most Successful YouTubers Of All Time
MrBeast created his main YouTube channel “MrBeast6000” in early 2012 at the young age of 13, his early videos consisted of him playing video games, creating Minecraft compilations and providing commentary regarding other YouTube content creators. For the first few years, MrBeast had a very modest following, and although he tried to game YouTube’s algorithm with a variety of content, he was initially unsuccessful.
After 4 years of making YouTube video’s, he reached the milestone of 30,000 subscribers by mid-2016. Although it took years of hard work and releasing consistent content, MrBeast finally got his big break in 2017 when he went viral for a video that involved him counting from 1 to 100,000, a video which he later revealed took him 44 hours to make.
After initially going viral, things started to take a quick turn for MrBeast, he started gaining viewers at a rapid rate, going on to hit 1 million subscribers by 2017. During this time, he began a new trend on YouTube which featured his friends and involved doing extremely long challenges for a cash prize, such as: “Last To Leave The Pool Of $20,000 Keeps It” or “Last To Remove Hand, Gets Lamborghini Challenge.”
What first started out as giving away cash prizes to his friends, soon became huge scale attention-grabbing stunts with philanthropic causes, he became known for giving away hundreds of thousands of dollars to strangers, charities, and other people in need. By 2018, he had officially given away 1 million dollars, earning him the title of “Youtube’s Biggest Philanthropist”. During this time, he was also recognized as the pioneer of a genre of videos involving expensive large-scale stunt videos with extremely generous prizes.
His growth on YouTube after this time period began to skyrocket, with more high-budget and high-profile videos being released, cementing his position as one of the most successful and well-known YouTubers and Internet personalities of all time.
What Is MrBeast’s Net Worth? And How Does He Make His Money?
MrBeast currently has an estimated net worth of $105 million, his YouTube channel videos have gained more than 22 billion views overall. On average, each of his videos obtain over 50 million views, with many of them receiving way more than 100 million views each. In 2022, he was earning an estimated $3,000,000 per month in YouTube AdSense revenue. MrBeast is also active on various other social media platforms, he has over 23 million followers on Instagram, 18 million followers on Twitter, and 74 million followers on TikTok.
Another main source of income for MrBeast is through brand sponsorships, it has been reported that MrBeast charges $1 million per month to be the primary sponsor of his main YouTube Channel.
MrBeast also earns money through merchandise sales, sold through shopmrbeast.com, he offers a wide range of t-shirts, hoodies, hats, water bottles, mouse pads, backpacks and more. His merchandise website receives hundreds to several thousand views per month which translates to $1 million to $2 million in merchandise sales per year.
In addition to AdSense, Sponsorships and Merchandise, MrBeast also owns several businesses that have hugely contributed to his net worth. He created a mobile video-game known as “Finger on the App”, he launched MrBeast Burger in partnership with over 300 restaurants in the United States, selling over a million burgers to date. MrBeast also has another food company named Feastables that specializes in chocolate bars and other snacks, the snacks are served with a side of MrBeast merchandise.
How Does MrBeast Spend His Impressive Net Worth?
One of the most documented ways that MrBeast spends his money is by putting it right back into his YouTube videos. Jimmy reportedly invests the majority of his video earnings back into video production. Spending as much as $300,000 producing one video on average. His high-profile stunts tend to have a philanthropic angle, such as giving money to strangers or curing the blindness of 1000 people by paying for their cataract surgery.
MrBeast has donated and raised tens of millions of dollars to various charities through his stunt videos, from donating items to homeless shelters to donating thousands of dollars to Saint Jude Children’s Research Hospital.
In October 2019, Jimmy notably partnered with NASA engineer and YouTuber Mark Rober to create a foundation named #TeamTrees. The goal of the foundation was to raise $20 million in donations, the organization would then plant one tree for every single dollar raised. Dozens of YouTube stars banded together to promote the good cause, and within 24 hours of launching, #TeamTrees had already raised $4 million, they have now impressively raised over $22 million.
