MrBeast Net Worth (Money & Salary)

What is MrBeast’s Net Worth?

With a net worth of $1 billion, MrBeast is a prominent American YouTube personality, entrepreneur, and philanthropist. This estimated valuation of MrBeast’s diverse empire takes into consideration his unique approach to video profits; he has consistently stated that all earnings from his videos are reinvested into future projects. Reports in November 2022 indicated that he sought investors for a stake in his business, valuing it at $1.5 billion.

In January 2024, news broke that MrBeast secured a $100 million deal with Amazon for an exclusive streaming series. Related to a 2024 court case concerning his MrBeast Burgers venture, an “Asset & Monetization Review” organizational chart was introduced and later publicized. This chart revealed that MrBeast’s empire earned $223 million in gross revenue in 2023 and was projected to reach $700 million in 2024 (as reported in February 2024). These insights contributed to MrBeast officially becoming a billionaire for the first time in June 2024 at the age of 26, making him the eighth youngest billionaire worldwide. Notably, among 16 billionaires under 30 at that time, he was the only one without inherited wealth.

Commonly known as Jimmy Donaldson, MrBeast has gained fame for his YouTube antics involving generous donations to friends or charities. He is widely recognized as a trailblazer in the realm of philanthropic stunt videos on YouTube and ranks among the highest earners on the platform. In 2020, he generated $24 million through his YouTube channel, product sales, and partnerships with brands such as Microsoft and Electronic Arts. The following year, he increased his earnings to $50 million, with approximately $30 million derived from YouTube advertising and $10 million from sponsorships. His videos frequently feature a charitable element, such as giving money to strangers or adopting a full shelter of rescue dogs.

As of now, MrBeast’s main channels (MrBeast, MrBeast Gaming, MrBeast 2, Beast Reacts, and MrBeast Philanthropy) collectively have over 415 million subscribers, with his main channel alone accounting for 270 million, making him the most-subscribed individual on YouTube.

Early Life and Career Beginnings

Born on May 7, 1998, in Greenville, North Carolina, Jimmy Donaldson graduated from Greenville Christian Academy in 2016. He began uploading videos to YouTube at the age of 12, using the username “MrBeast6000.” Although he briefly attended college, he chose to leave and fully commit to a career in YouTube. Initially, his content focused on video game commentary, reaction clips, and humorous compilations.

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The Success of Mr Beast

In 2017, Jimmy gained significant attention after he uploaded his video “counting to 100,000.” This video showcased him counting to 100,000 for a duration of 44 hours and ultimately amassed over 21 million views.

He continued his journey with another video featuring him counting to 200,000. Among his other notable achievements are reading the dictionary, reciting the “Bee Movie” script, taking an Uber across America, repeating “Logan Paul” 100,000 times, and re-watching the poorly received Jake Paul music video “It’s Every Day Bro” for 10 hours without interruption.

Currently, his YouTube channels boast a collective subscriber count exceeding 400 million, with views totaling in the tens of billions. His average videos receive more than 20 million views each. In the 2019 Shorty Awards, he received a nomination for Vlogger of the Year and won the Breakout Creator award. Furthermore, he was nominated for the Favorite Male Social Star category at the 2020 Kids’ Choice Awards and won the YouTuber of the Year title for that year, along with being recognized as the 2020 Creator of the Year at the Streamy Awards.

Philanthropy through Stunts

In 2018, Jimmy struck gold by initiating “stunt philanthropy.” A standout video from this era featured MrBeast giving $1,000 to random individuals. This endeavor attracted millions of subscribers to his channels as he began distributing hundreds of thousands, and even million-dollar amounts.

In December 2019, a video challenge required participants to keep their hands on a pile of $1 million cash. The last person to remove their hand from the cash stack earned the fortune:

Monthly Budget for Video Production

MrBeast has revealed that his monthly expenditures on content production match his income. This observation holds true considering that many of his videos prominently feature million-dollar giveaways. He allocates a minimum of $3 million each month towards production expenses, staff salaries, rentals, and other related costs.

Earnings on a Monthly Basis

As previously noted, MrBeast generates no less than $3 million every month from his YouTube viewership. For instance, in March 2022, he published 54 videos across his 13 channels, which collectively garnered 283 million views. To gauge the potential revenue from this, we must first identify MrBeast’s three main income streams:

• Advertising Revenue
• Sponsorship Deals
• Merchandise Sales

Examining each income source:

Advertising Revenue

The CPM for video ads varies significantly between countries. In the US and Canada, video ads command a considerably higher payment than in Brazil. Nevertheless, a conservative estimate of an average CPM around $5 seems reasonable. This translates to $5 for every 1,000 views, which means at 283 million views, MrBeast would see a net gain of $1.4 million.

Sponsorship Deals

Previous reports suggest that MrBeast charges around $1 million per month for being the main sponsor of his principal video channel. For example, in March, credit bureau Experian took on that role. It can be assumed that MrBeast earns an additional minimum of $1 million from sponsorship across his other platforms, making a total of $2 million.

Merchandise Sales

This aspect is often considered the elusive treasure. Reports indicate that when MrBeast generated around $54 million last year, approximately half of that total was attributed to merchandise sales. This breaks down to about $2.25 million monthly; thus, rounding down conservatively gives us $2 million.

When we sum all three revenue streams, we arrive at:

1.4 + 2
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+ 2 = $5.4 million

This translates to $174,193 earned each day throughout March.

Team Trees

In October 2019, Jimmy, alongside former NASA engineer Mark Rober, initiated a fundraising challenge known as #TeamTrees. The objective was to collect $20 million for the Arbor Day Foundation within a three-month timeframe. Remarkably, they exceeded this goal in just two months, and as of the current date, the campaign has generated $23 million, resulting in the planting of over 7 million trees. Upon achieving their ultimate aim of planting 20 million trees, the project is expected to have eliminated approximately 1.6 million tons of carbon from the atmosphere and removed 116 thousand tons of chemical air pollution.

Mobile Gaming

In June 2020, MrBeast introduced a multiplayer endurance game named “Finger on the App.” The game’s premise was fairly straightforward: participants from around the globe had to maintain a finger on their phone screens within the app. The last individual to lift their finger would win $25,000.

Awards

Throughout his career thus far, MrBeast has received several notable nominations. In 2019, he claimed the Breakout Creator award at the Streamy Awards, and that same year, he received nominations for Ensemble Cast and Creator of the Year.

In 2020, MrBeast won the following accolades at the Streamy Awards:

• Creator of the Year
• Live Special
• Social Good: Creator
• Social Good: Nonprofit of NGO

Additionally, that year, he earned the YouTuber of the Year award at the Shorty Awards. At the 12th Streamy Awards in 2022, he was awarded for Social Good: Creator and Brand Engagement.

In 2021, he received a nomination for Favorite Male Social Star at the Kids’ Choice Awards. At the 2022 Kids’ Choice Awards, MrBeast won the Favorite Male Creator award, repeating this achievement in 2023. While accepting this award, he was covered in slime:

MrBeast Burger

In December 2020, Jimmy launched “MrBeast Burger” in collaboration with over 300 restaurants across the United States. Following the release of the MrBeast Burger app on the Apple store, it swiftly became the most popular free app on the platform. To date, he has sold in excess of a million burgers.

In September 2022, he established a physical location for MrBeast Burger.

Located in East Rutherford, New Jersey, within the American Dream Mall, MrBeast later voiced his regrets about the quality of the MrBeast Burger business, expressing his desire to shut it down; however, Virtual Dining Concepts, the partner company, refused to allow this.

Regrettably, the MrBeast Burger was facing issues. In August 2023, MrBeast took legal action against his business partner, Virtual Dining Concepts, claiming that they produced food that was both inedible and of poor quality. The lawsuit stated that MrBeast had not earned any income from the business since its launch nearly three years prior. Additionally, in August 2023, Virtual Dining Concepts announced a countersuit against Mr. Beast for $100 million.

Clothing Line

MrBeast’s merchandise line serves as his second-largest source of income, outside of his YouTube earnings. Available through shopmrbeast.com, the merchandise includes a variety of products such as t-shirts, hoodies, hats, water bottles, mouse pads, and backpacks. Estimates suggest that approximately 40% of MrBeast’s yearly earnings stem from merchandise sales.

Feastables

In January 2022, MrBeast introduced Feastables, a food company launching a line of chocolate bars known as “MrBeast Bars.” This was followed by various sweepstakes, challenges, and giveaways, and in April 2023, the company expanded to offer a line of gummy candy dubbed “Karl Gummies” in partnership with Karl Jacobs.

Charity

Throughout the years, MrBeast has contributed or raised tens of millions for different charities. His stunt videos have provided items to numerous causes, including homeless shelters, the Veterans Army Wounded Warrior Program, Saint Jude Children’s Research Hospital, and a local animal shelter in Los Angeles. For instance, a video from December 2018 donated $100,000 worth of clothing and supplies to homeless shelters.

In October 2019, Jimmy teamed up with NASA engineer and fellow YouTuber Mark Rober to launch a foundation called #TeamTrees, aiming to collect $20 million within three months for the Arbor Day Foundation. For every dollar raised, the organization would plant a tree, and many YouTubers joined forces to promote this initiative. Within just 24 hours of its launch, #TeamTrees managed to raise $4 million, ultimately surpassing their goal of $20 million by December, with efforts accruing over $22 million as of now.

Personal Life

Struggling with an inflammatory bowel condition known as Crohn’s disease, Jimmy received his diagnosis in ninth grade. Over the years, he has discussed the chronic challenges posed by this condition, recalling times when he felt ill nearly every day, leading to a loss of 30 pounds one summer due to severe discomfort. Alongside medication, MrBeast adheres to a relatively strict diet.

Girlfriend

In June 2019, Jimmy started his relationship with Maddy Spidell after meeting her on Twitter.

Maddy was first introduced as MrBeast’s girlfriend in a February 2020 video titled “Surprising My Girlfriend With 100,000 Roses For Valentine’s Day,” which now boasts over 50 million views. She has since appeared in several other MrBeast videos, including “I Adopted EVERY Dog in a Dog Shelter” and “I Spent 50 Hours in Solitary Confinement.”