Jimmy Donaldson known as MrBeast is an American entrepreneur, philanthropist, and YouTube star. MrBeast is famous for his YouTube feats where he offers large sums of money to charity or friends. Donaldson is considered the pioneer of philanthropic YouTube stunt videos.
He is also the co-creator of Team Trees, a fundraiser for the Arbor Day Foundation, which has raised over $22 million.
What is MrBeast’s Net Worth?
At the time this article is written MrBeast has a net worth of $25 million. He earns at least $3 million per month only from YouTube ads, without including the in-video brand deals.
MrBeast is already the best-paid YouTuber in the world. In 2021 he earned $49 million from social media thanks to the 10 billion views, which is more than the entire world population. He has more than 90 million subscribers on his three main channels, Beast Reacts, MrBeast, and MrBeast Shorts. This great number makes Jimmy the most subscribed US-based YouTube creator. Though, the most-subscribed individual creator in the world is PewDiePie, with more than 110 million subscribers.
He reinvests most of his earnings into video production. If a few years ago he was spending around $10,000 for making a video, now he spends almost $300,000. His videos have a philanthropic mission. For example, he presents how he adopts a whole shelter of rescue dogs or offers money to strangers.
- MrBeast offered $1 million in a single video
- MrBeast’s channels generate $3 million in gross revenue per month
- He has donated more than 100 cars
- He has raised $20 million to plant 20 million trees
Early Life and Career Beginnings
Jimmy Donaldson or MrBeast was born on May 7, 1998, in Greenville, North Caroline. He attended the Greenville Christian Academy and graduated in 2016.
He was only 12 years old when he started to post videos on YouTube under the username “MrBeast6000”. He dropped out of college to follow his dream and build a full-time YouTube career.
His first videos contained mostly funny compilations, video games commentaries, and reaction videos.
MrBeast became famous in 2017 when he made a video “counting to 100,000”. He spent 44 hours counting to 100,000 and made more than 21 million views with this video.
After this video, he made another one where he counted to 200,000. Some other popular videos include watching the terrible Jake Paul video “It’s Every Day Bro” on repeat for 10 hours straight, reading the dictionary, saying “Logan Paul” 100,000 times, reading the “Bee Movie” script, and ubering all over the United States.
Nowadays, he has more than 90 million subscribers on his YouTube accounts with more than 10 billion video views. The majority of his average videos are watched more than 20 million times. Also, he has more than 18 million followers on Instagram, 15 million followers on TikTok, and 10 million followers on Twitter.
In order to get more subscribers, he associated with PewDiePie and bought radio advertisements and billboards. In 2019 MrBeast was nominated the Vlogger of the Year at the Shorty Awards and won the Breakout Creator award. Also, in 2020 he was nominated for the Kids’ Choice Award for Favorite Male Social Star category and won the Creator of the Year and the YouTuber of the Year awards.
MrBeast had more than 80 million video views and gained 400,000 new subscribers in only one week in July 2020. This great success made him the 20th most-popular personality on YouTube at that time.
Jimmy Donaldson started to make “stunt philanthropy” videos in 2018. One popular video from that period is when he offered $1,000 to strangers. This attracted a lot of viewers and subscribers curious to see how he gave away hundreds of thousands of dollars. In one video he gave away even $1 million.
MrBeast posted a video in 2019, where he challenged people to keep their hands on a stack of $1 million in cash. The last individual who removed his hand from the stack would keep the money.
What fabulous sums did MrBeast earn on YouTube?
In November 2021, Donaldson uploaded a remake of the real-life television series, Squid Game, in which 456 people competed for a $456,000 non-violent cash prize. The video garnered more than 212.816 million views on February 2, 2022, becoming Donaldson’s most-watched YouTube video and also one of the most-watched YouTube videos of 2021.
In January 2022, Forbes ranked Mr. Beast as the creator with the highest earnings on YouTube, earning about $54 million in 2021. Forbes also said that his 2021 revenue would place him in the 40th place in the 2020 Forbes Celebrity 100, earning the same amount of money as Vin Diesel and Lewis Hamilton.
He is also present at certain events hosted by major gaming companies in the world, where he often plays the role of MC or competitor.
Monthly Video Production Budget
Jimmy Donaldson said that he invests all the money he earns to make new videos every month. This makes sense taking into consideration that he gives away one million dollars in one video. For instance, he spent around $3 million in August 2021 on staff salaries, production, and many more.
We already talked above about how MrBeast earns almost $3 million per month from his YouTube channels. For instance, he uploaded 54 videos to his 13 channels in March 2022. He made around 283 million views with these videos. Jimmy Donaldson has three main sources of income.
In order to be the primary sponsor of his main video page, you would have to pay $1 million per month to MrBeast. For instance, the credit bureau Experian was that sponsor in March. Taking into consideration that MrBeast has more channels he earns a minimum of $2 million from sponsorships.
The revenues from ads are different in each country. An add view from Brazil is paid less than one from Canada or US. But, an average video CPM is worth around $5, which means that one thousand views would get him $5. With 283 million views, MrBeast earns $1.4 million.
According to different reports, MrBeasts makes around $27 million per year from merchandise sales.
Taking into consideration all these three revenue sources, MrBeast earns around $175,000 every single day.
“Beast Burger” app
This young star not only earns from views and advertisements, but also from some entrepreneurial initiatives. He has launched the “Beast Burger”, an application that allows users to order MrBeast food in more than 600 restaurants in the United States that have joined the YouTuber’s initiative. The result: over 5 million burgers sold.
The 24-year-old American is not just thinking about himself. In 2018, he earned the nickname of youtuber-philanthropist, giving thousands of dollars in cash to some random people.
Also, he made efforts to remove the plastic from the sea, collecting about 13 tons of waste. Not only that but, he also gave an Uber car to the customer who called for a service and even a house to the one individual who was able to solve one of his questionnaires first. He even donated an island, in a challenge that involved his friends.
Piles of money are often there, within reach of anyone who wants to see them, participate and win one of his famous trials. For example, it is enough to hold your finger more than the others on the screen of a phone to collect almost $22,000.
Criticized by relatives
Obviously, he also has critics. Sometimes his employees, who talked about favoritism and bullying, and other times his fans, who had lost money because of the money invested in his cryptocurrency scheme.