MrBeast Net Worth (Money & Salary)

What is MrBeast’s Net Worth?

MrBeast, an American YouTube sensation, philanthropist, and entrepreneur, has achieved a remarkable net worth of $1 billion. This valuation considers his extensive business dealings while recognizing MrBeast’s practice of not profiting from his video content. He has stated numerous times that he reinvests all his earnings from videos into creating new content. In November 2022, reports emerged indicating that MrBeast was seeking investors for his venture, valuing it at $1.5 billion.

By January 2024, news broke about a $100 million agreement with Amazon for an exclusive streaming series. A related court case in 2024 introduced an “Asset & Monetization Review” organizational chart into the public domain, revealing that MrBeast’s enterprise raked in $223 million in gross revenue in 2023 with projections of $700 million for 2024 (as of February 2024). These revelations contributed to MrBeast officially reaching billionaire status in June 2024 at just 26 years old, making him the eighth youngest billionaire globally. Notably, among the 16 billionaires under 30 at that time, MrBeast was the only one to not inherit his wealth.

Better known as Jimmy Donaldson, MrBeast gained recognition for his YouTube stunts featuring substantial giveaways to friends or charitable causes. Considered a trailblazer in the realm of philanthropic stunt videos on YouTube, he ranks as one of the highest earners on the platform. In 2020, he amassed $24 million from his YouTube endeavors, merchandise, and sponsorships with major brands like Microsoft and Electronic Arts. The following year, he increased his earnings to $50 million, with around $30 million from YouTube advertisements and $10 million from sponsors. His endeavors usually spotlight a charitable influence, such as donating money to strangers or rescuing entire shelters of dogs.

As of now, his primary channels, including MrBeast, MrBeast Gaming, MrBeast 2, Beast Reacts, and MrBeast Philanthropy, collectively have over 415 million subscribers. His main channel alone comprises 270 million subscribers, establishing him as the most-subscribed user 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 his YouTube journey at the age of 12 under the username “MrBeast6000”. Although he enrolled in college briefly, he chose to leave and dedicate himself fully to his YouTube career. His initial content focused on video game commentary, reaction clips, and humorous compilations.

Mr Beast’s Success

In 2017, Jimmy shot to fame with his video “counting to 100,000” where he dedicated 44 hours to counting. This clip ultimately amassed over 21 million views.

He then created a follow-up video where he counted to 200,000. Other notable feats include reading the dictionary, reading the script of the “Bee Movie,” traveling across America via Uber, mentioning “Logan Paul” 100,000 times, and watching the infamous Jake Paul music video “It’s Every Day Bro” on a loop for 10 hours.

As of now, his YouTube channels boast over 400 million subscribers combined, yielding tens of billions of views. The majority of his average videos attract upwards of 20 million views. In 2019, he received a nomination for Vlogger of the Year at the Shorty Awards and took home the Breakout Creator award. He was also in the running for the 2020 Kids’ Choice Award for Favorite Male Social Star and won the YouTuber of the Year award that same year. Furthermore, he was honored as the Creator of the Year at the 2020 Streamy Awards.

Stunt Philanthropy

In 2018, Jimmy struck gold with the concept of “stunt philanthropy.” One especially viral video from this era featured MrBeast giving $1,000 to random strangers, leading to millions of fans subscribing to his channels, where he distributed hundreds of thousands, even up to $1 million.

In December 2019, he shared a video in which he challenged individuals to maintain their hand on a stack of cash amounting to $1 million. The last participant to lift their hand got to keep the money:

Monthly Video Production Budget

MrBeast disclosed that his monthly expenditure on content production matches his earnings. This aligns with the fact that he often gives away millions in his videos. His monthly production costs, including staff salaries, rent, and other expenses, are at least $3 million.

Monthly Earnings

As previously noted, MrBeast earns no less than $3 million each month from views of his YouTube videos. In March 2022, for instance, he released 54 videos across 13 channels, resulting in a total of 283 million views. To grasp the potential revenue, it’s essential to recognize MrBeast’s three main income streams:

• Ad revenue
• Sponsorships
• Merchandise

Now, let’s delve into each revenue stream:

Ad Revenue

CPMs for video ads vary greatly by country, with ads viewed in the US and Canada fetching higher rates than those in Brazil. Nevertheless, estimating an average CPM of $5 is reasonable, translating to $5 for every thousand views, net to MrBeast. With 283 million views, this amounts to around $1.4 million in net profit.

Sponsorships

Reports indicate that MrBeast charges $1 million per month for being the primary sponsor on his main video page. In March, for instance, Experian was the sponsor. It’s fair to estimate that sponsorships from his other channels contribute an additional $1 million, totaling $2 million.

Merchandise

The undisclosed treasure trove. Last year, MrBeast reportedly earned around $54 million, with about HALF stemming from merchandise sales. This averages out to around $2.25 million per month; rounding down for conservatism, we’ll consider it as $2 million.

By adding up these three revenue streams, we arrive at:

1.4 + 2

+ 2 = $5.4 million

This amounted to $174,193 earned daily throughout March.

Team Trees

In October 2019, a fundraising initiative named #TeamTrees was initiated by Jimmy and Mark Rober, a former NASA engineer. Their objective was to gather $20 million for the Arbor Day Foundation within a span of three months. Notably, they exceeded this target in just two months, and as of now, the project has amassed $23 million, resulting in the planting of over 7 million trees. Once they achieve their ultimate goal of planting 20 million trees, the initiative will have effectively removed an estimated 1.6 million tons of carbon from the atmosphere, alongside eliminating 116 thousand tons of air pollution from chemicals.

Mobile Gaming

MrBeast introduced a multiplayer endurance game titled “Finger on the App” in June 2020. The game’s premise was quite straightforward: participants globally had to maintain a finger on their device’s screen within the app. The individual who lasted the longest without removing their finger would win $25,000.

Awards

Throughout his career, MrBeast has received nominations for several prestigious awards. He secured the Breakout Creator award at the Streamy Awards in 2019 and received nominations that same year for Ensemble Cast and Creator of the Year.

In 2020, MrBeast garnered the following Streamy Awards:

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

During the same year, he earned the YouTuber of the year award at the Shorty Awards, and at the 12th Streamy Awards in 2022, he won accolades for Social Good: Creator and Brand Engagement.

In 2021, he was nominated for Favorite Male Social Star at the Kids’ Choice Awards. At the 2022 Kids’ Choice Awards, MrBeast claimed the Favorite Male Creator title, a recognition he also received again in 2023. Upon receiving the award, he experienced the classic sliming:

MrBeast Burger

In December 2020, Jimmy partnered with over 300 restaurants across the US to launch “MrBeast Burger.” After the MrBeast Burger app was released on the Apple store, it quickly reached #1 as the most popular free app on the platform. To date, he has successfully sold over a million burgers.

By September 2022, a physical MrBeast Burger location was opened.in East Rutherford, New Jersey, at the American Dream Mall. MrBeast subsequently conveyed his regret regarding the inability to ensure quality and expressed a desire to cease operations of the MrBeast Burger venture. However, the Virtual Dining Concepts company prevented this from happening.

Regrettably, issues surfaced with the MrBeast Burger. In August 2023, MrBeast initiated legal action against Virtual Dining Concepts, his partner in the business, citing allegations of substandard and inedible food production. The lawsuit further claimed that in the nearly three years since the burger’s launch, MrBeast had not earned any profit from the initiative. In August 2023, it was also revealed that Virtual Dining is countersuing Mr. Beast for a staggering $100 million.

Clothing Line

MrBeast’s merchandise line ranks as his second-largest revenue source outside of YouTube earnings. Offering an array of products such as t-shirts, hoodies, hats, water bottles, mouse pads, and backpacks through shopmrbeast.com, it is estimated that merchandise sales account for around 40% of his yearly income.

Feastables

In January 2022, the launch of Feastables, a food enterprise by MrBeast, was announced, introducing a line of chocolate bars branded as “MrBeast Bars.” This was followed by various sweepstakes, challenges, and giveaways; by April 2023, the business further expanded to include “Karl Gummies,” a gummies line in collaboration with Karl Jacobs.

Charity

Throughout the years, MrBeast has either donated or raised tens of millions for multiple charitable organizations. His stunt videos have included donations to homeless shelters, the Veterans Army Wounded Warrior Program, Saint Jude Children’s Research Hospital, and a local animal shelter in Los Angeles. Notably, a video from December 2018 contributed $100,000 in clothing and other essentials to homeless shelters.

In October 2019, Jimmy collaborated with NASA engineer and YouTuber Mark Rober to establish a foundation known as #TeamTrees. With the aim of raising $20 million within three months for the Arbor Day Foundation, the organization pledged to plant one tree for every dollar donated. Numerous YouTubers united to promote the initiative. Within just 24 hours of its launch, #TeamTrees amassed $4 million. By December, the total exceeded $20 million, and at the time of writing, over $22 million has been raised.

Personal Life

Having been diagnosed with Crohn’s disease during ninth grade, Jimmy endures a chronic inflammatory bowel condition. He has openly discussed his prolonged struggle with this challenging illness over the years. Prior to diagnosis, he often fell ill almost daily and during one summer, he lost 30 pounds due to severe discomfort. Alongside medication, MrBeast adheres to a relatively strict dietary regimen.

Girlfriend

In June 2019, Jimmy started a relationship with Maddy Spidell, whom he met via Twitter.

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