MrBeast Net Worth (Money & Salary)

What is MrBeast’s Net Worth?

MrBeast, an American YouTube personality, entrepreneur, and philanthropist, has an estimated net worth of $1 billion. This valuation conservatively reflects the vastness of his empire, which takes into account his practice of reinvesting video earnings into future content rather than profiting from them. Reports in November 2022 indicated MrBeast was seeking investors to join his business, valuing it at $1.5 billion.

In January 2024, news surfaced regarding MrBeast’s $100 million deal with Amazon for an exclusive streaming series. During a 2024 court case related to his MrBeast Burgers, an “Asset & Monetization Review” organizational chart was shared publicly. The chart revealed that MrBeast’s empire brought in $223 million in gross revenue in 2023 and was projected to reach $700 million in 2024 (as of February 2024). Due to these findings, MrBeast officially became a billionaire in June 2024 at age 26, making him the eighth youngest billionaire worldwide. Notably, among the 16 billionaires under 30 at that time, MrBeast was unique in that he did not inherit his wealth.

Known as Jimmy Donaldson, MrBeast gained fame for his YouTube antics that involve giving away large sums of money to friends or charitable causes. He is recognized as the creator of philanthropic stunt videos on YouTube and ranks among the highest-paid YouTubers globally. In 2020, his earnings reached $24 million from his YouTube channel, merchandise sales, and sponsorships, including brands like Microsoft and Electronic Arts. The following year, he made $50 million, with approximately $30 million sourced from YouTube ads and $10 million from sponsorships. His stunts often incorporate philanthropic elements, such as donating to strangers or adopting all dogs from a shelter.

Currently, his primary channels – including Mr Beast, MrBeast Gaming, MrBeast 2, Beast Reacts, and MrBeast Philanthropy – collectively have over 415 million subscribers. His main channel alone boasts 270 million subscribers, making it the most-subscribed account on YouTube.

Early Life and Career Beginnings

Born on May 7, 1998, Jimmy Donaldson grew up in Greenville, North Carolina, and attended Greenville Christian Academy, graduating in 2016. He began sharing videos on YouTube at the age of 12 using the username “MrBeast6000.” Although he attended college briefly, he ultimately dropped out to dedicate himself entirely to his YouTube career. His initial videos mainly featured video game commentary, reaction content, and humorous compilations.

“`html

Mr Beast’s Success

Widespread popularity first came to Jimmy after he released the video “counting to 100,000” in 2017. Within this video, he dedicated 44 hours to counting up to 100,000. The video eventually amassed over 21 million views.

Following this, he released another video in which he counted to 200,000. His other notable feats include reading the dictionary, reciting the “Bee Movie” script, embarking on an Uber journey across America, repeating “Logan Paul” 100,000 times, and watching the terrible Jake Paul music video “It’s Every Day Bro” on a loop for 10 continuous hours.

Currently, his YouTube channels boast more than 400 million combined subscribers and have garnered tens of billions of video views. On average, most videos exceed 20 million views. He was a nominee for Vlogger of the Year at the 2019 Shorty Awards and won the Breakout Creator accolade. In addition, he was nominated for a Kid’s Choice Award in 2020 for Favorite Male Social Star, as well as receiving the 2020 YouTuber of the Year award and being named Creator of the Year at the Streamy Awards in 2020.

Stunt Philanthropy

In 2018, Jimmy struck gold by initiating the concept known as “stunt philanthropy.” One of the particularly viral videos from that time featured MrBeast giving away $1,000 to unsuspecting strangers. Following this, millions of fans subscribed to his channels, witnessing him distribute hundreds of thousands of dollars, even reaching the $1 million mark.

In December 2019, he shared a video where participants were challenged to keep their hand on a pile of $1 million in cash. The last individual to lift their hand from the stack would win the cash:

Monthly Video Production Budget

MrBeast has stated that he invests as much as he earns each month for content creation. This aligns well, considering that he often gives away millions in several of his videos. He allocates a minimum of $3 million monthly for production expenses, staff salaries, rent, and other costs.

Monthly Earnings

As previously noted, MrBeast rakes in at least $3 million each month from the views on his YouTube videos. For instance, in March 2022, he uploaded 54 videos across 13 different channels, resulting in a total of 283 million views. To gauge how this might translate into revenue, we can identify MrBeast’s three primary income sources:

• Ad revenue
• Sponsorships
• Merchandise

Now, let’s dive into each source:

Ad Revenue

Different countries showcase a significant disparity in CPM for video ads. For example, ad views in the US and Canada yield much higher returns compared to those in Brazil. However, one can reasonably estimate an average CPM of $5, which translates to $5 earned per thousand views for MrBeast. With 283 million views, this results in approximately $1.4 million in net income.

Sponsorships

Reports have indicated that MrBeast charges around $1 million monthly for being the primary sponsor on his main video page. For example, in March, the sponsor was the credit bureau Experian. It’s fair to presume that through his other channels, he brings in at least an additional $1 million, totaling $2 million from sponsorships.

Merchandise

Also known as the elusive holy grail. Last year, as MrBeast generated roughly $54 million in revenue, around HALF of that came from merchandise sales, as per various sources. This averaged out to $2.25 million each month. For a conservative estimate, let’s round this down to $2 million.

Summing up these three sources of revenue, we arrive at:

1.4 + 2
“`

2 + = $5.4 million

This amounted to daily earnings of $174,193 throughout March.

Team Trees

In October 2019, a fundraising initiative known as #TeamTrees was launched by Jimmy alongside former NASA engineer Mark Rober. The objective was to generate $20 million for the Arbor Day Foundation within three months. They exceeded their target in just two months, and as of now, the initiative has successfully raised $23 million and planted over 7 million trees. When the target of 20 million trees is fully achieved, this project is estimated to have eliminated around 1.6 million tons of carbon from the air, as well as removed 116 thousand tons of chemical pollutants.

Mobile Gaming

MrBeast introduced a multiplayer endurance game called “Finger on the App” in June 2020. The game’s premise was quite straightforward: Players from all over the globe had to keep their finger on the screen of their phone within the app. The winner, who was the last to remove their finger, stood to gain $25,000.

Awards

Throughout his career, MrBeast has received nominations for multiple prestigious awards. He secured the Breakout Creator award at the Streamy Awards in 2019. That same year saw him nominated for both Ensemble Cast and Creator of the Year.

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

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

In addition, he earned the YouTuber of the Year title at the Shorty Awards during the same year. At the 12th Streamy Awards in 2022, he won in both categories for Social Good: Creator and Brand Engagement.

MrBeast was nominated for Favorite Male Social Star at the Kids’ Choice Awards in 2021, winning the Favorite Male Creator award at the 2022 Kids’ Choice Awards, a title he secured again in 2023. During his acceptance speech, he experienced being slimed:

MrBeast Burger

In December 2020, Jimmy launched “MrBeast Burger” in collaboration with over 300 restaurants across the United States. The day after the MrBeast Burger app was made available on the Apple Store, it quickly ascended to the position of the #1 most popular free app on the platform. To this day, over a million burgers have been sold.

In September 2022, a physical MrBeast Burger location was opened by him.

Located in the American Dream Mall in East Rutherford, New Jersey, MrBeast expressed his regret later on, highlighting that quality could not be assured and wishing to close the MrBeast Burger business. However, Virtual Dining Concepts, the partnered company, would not let that occur.

Sadly, issues arose concerning the MrBeast Burger. In August 2023, MrBeast initiated a lawsuit against his business associate, Virtual Dining Concepts, claiming the company produced inedible and substandard food. The lawsuit also asserted that in the almost three years post-launch of the burger, MrBeast had not earned a single dollar from the venture. In the same month, it was reported that Virtual Dining was countersuing MrBeast for $100 million.

Clothing Line

Merchandise sales represent MrBeast’s second-largest income source, apart from YouTube revenue. His merchandise line, available at shopmrbeast.com, includes a variety of items such as t-shirts, hoodies, hats, water bottles, mouse pads, backpacks, and more. It has been estimated that merchandise sales contribute approximately 40% to MrBeast’s annual income.

Feastables

In January 2022, MrBeast introduced Feastables, a food enterprise that debuted its chocolate bar line known as “MrBeast Bars.” This launch was followed by several sweepstakes and challenges, and in April 2023, the business broadened its offerings to include gummy candies named “Karl Gummies,” created in partnership with Karl Jacobs.

Charity

Throughout the years, MrBeast has raised or donated tens of millions of dollars to various charitable organizations. His attention-grabbing videos have provided resources to 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 clothing and other items worth $100,000 to homeless shelters.

In October 2019, Jimmy collaborated with NASA engineer and YouTuber Mark Rober to establish a foundation named #TeamTrees. The aim was to collect $20 million within three months to support the Arbor Day Foundation, which would plant one tree for each dollar raised. Numerous YouTubers came together to advocate for the initiative. Within just 24 hours of its launch, #TeamTrees gathered $4 million, and by December, they surpassed $20 million in total funds raised. As of now, they have accumulated over $22 million.

Personal Life

Jimmy contends with a chronic inflammatory bowel condition known as Crohn’s disease, which he was diagnosed with during the ninth grade. He has frequently discussed his ongoing struggle against this debilitating illness. Before the diagnosis, he faced daily illness and, at one stage, lost 30 pounds over a summer due to significant discomfort. Besides taking medication, MrBeast adheres to a generally strict diet.

Girlfriend

Jimmy started a relationship with Maddy Spidell in June 2019 after they connected via Twitter.

Maddy was first acknowledged as MrBeast’s girlfriend in a video released in February 2020 titled, “Surprising My Girlfriend With 100,000 Roses For Valentine’s Day.” This video has accumulated over 50 million views to date. Maddy has since featured in several additional MrBeast videos, such as “I Adopted EVERY Dog in a Dog Shelter” and “I Spent 50 Hours in Solitary Confinement.”