MrBeast Net Worth (Money & Salary)

What is MrBeast’s Net Worth?

MrBeast, an American YouTube sensation, philanthropist, and entrepreneur, boasts a net worth of $1 billion. This valuation reflects a cautious estimate of his extensive business ventures, considering also that MrBeast usually reinvests the earnings from his videos. He has frequently stated his intention to put all his profits back into future video productions. In November 2022, reports emerged that he was seeking investors for his business, valuing it at $1.5 billion.

By January 2024, news surfaced regarding MrBeast finalizing a $100 million agreement with Amazon for an exclusive streaming series. As part of a legal case concerning his MrBeast Burgers, an organizational chart titled “Asset & Monetization Review” was presented as evidence and subsequently made public. The chart indicated that in 2023, MrBeast’s ventures amassed $223 million in gross revenue, and it was projected that he would reach $700 million in 2024 (as of February 2024). These revelations contributed to MrBeast officially becoming a billionaire in June 2024, at the age of 26, making him the eighth youngest billionaire globally. However, among the 16 billionaires under 30 at that time, he was the only one who had not inherited his wealth.

Known as Jimmy Donaldson, MrBeast has gained fame for his YouTube antics that involve giving away substantial amounts of money to friends or charitable causes. He is regarded as the trailblazer of philanthropy-oriented YouTube stunt videos. Additionally, he ranks among the highest-paid YouTubers worldwide, earning $24 million in 2020 through his YouTube channel, merchandise sales, and brand sponsorships with companies like Microsoft and Electronic Arts. His income surged to $50 million in 2021, with about $30 million from YouTube ads and $10 million from sponsors. His stunts often feature a charitable element, such as providing funds to strangers or adopting an entire shelter of rescue dogs.

As of this moment, his primary channels — Mr Beast, MrBeast Gaming, MrBeast 2, Beast Reacts, and MrBeast Philanthropy — collectively have over 415 million subscribers, with MrBeast’s main channel alone comprising 270 million subscribers, making it the most-subscribed channel on YouTube.

Early Life and Career Beginnings

Born on May 7, 1998, in Greenville, North Carolina, Jimmy Donaldson attended Greenville Christian Academy, graduating in 2016. He ventured into YouTube at the age of 12 under the username “MrBeast6000.” Although he briefly enrolled in college, he eventually dropped out to focus on his YouTube aspirations full-time. Initially, his content featured video game commentary, reaction clips, and humorous compilations.

Mr Beast’s Success

His rise to fame began with the 2017 video “counting to 100,000,” where he spent 44 hours counting to that number, which eventually attracted over 21 million views.

He later produced a follow-up video counting to 200,000. Additional noteworthy accomplishments include reading the dictionary, reciting the “Bee Movie” script, riding in an Uber across the U.S., repeating the name “Logan Paul” 100,000 times, and enduring a 10-hour viewing of Jake Paul’s infamous music video “It’s Every Day Bro.”

Today, his YouTube channels collectively boast over 400 million subscribers and have accumulated tens of billions of views. The majority of his average videos gather more than 20 million views. He received a nomination for Vlogger of the Year at the 2019 Shorty Awards, winning the Breakout Creator award. In the 2020 Kids’ Choice Awards, he was nominated for Favorite Male Social Star and won the YouTuber of the Year award, as well as being recognized as Creator of the Year at the Streamy Awards in 2020.

Stunt Philanthropy

In 2018, Jimmy struck gold with the concept known as “stunt philanthropy.” One highly popular video featured him giving $1,000 to random strangers, which significantly boosted his subscriber count, as he began giving away hundreds of thousands and even $1 million in subsequent videos.

In December 2019, he uploaded a video challenging participants to keep their hands on a stack of $1 million in cash. The last person to remove their hand would win the money:

Monthly Video Production Budget

MrBeast has confirmed that his monthly content production costs match his earnings. This aligns with his practice of giving away substantial amounts in his videos. He allocates at least $3 million each month for production expenses, staff salaries, rent, and other costs.

Monthly Earnings

Previously mentioned, MrBeast’s monthly earnings from YouTube views exceed $3 million. For instance, in March 2022, he uploaded 54 videos across his 13 channels, garnering 283 million views in total. To estimate his income, it’s crucial to recognize that MrBeast has three main sources of revenue:

• Ad revenue
• Sponsorships
• Merchandise

Let’s delve into each source:

Ad Revenue

Video ads generate varying CPMs across countries. For instance, ads served in the U.S. and Canada are considerably more profitable compared to Brazil. However, an average CPM estimation of $5 would be reasonable, translating to $5 for every thousand views, net to MrBeast. At 283 million views, this amounts to approximately $1.4 million in net earnings.

Sponsorships

Previous reports indicate that MrBeast charges about $1 million monthly for primary sponsorship on his main video page. For instance, in March, Experian was his sponsor. It would be reasonable to estimate that additional sponsorships across his other channels yield another minimum of $1 million,

A total of $2 million.

Merchandise

Considered the secret holy grail. When MrBeast earned approximately $54 million last year, it has been reported that nearly half of this amount was derived from merchandise sales. This translates to a monthly average of around $2.25 million. For the sake of conservatism, we can round this down to $2 million.

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

1.4 + 2 + 2 = $5.4 million

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

Team Trees

In October 2019, a fundraising challenge named #TeamTrees was initiated by Jimmy alongside former NASA engineer, Mark Rober. The objective was to raise $20 million for the Arbor Day Foundation in a three-month timeframe. Within two months, they exceeded their goal, and the project has since raised $23 million, leading to the planting of over 7 million trees. Upon reaching their target of planting 20 million trees, they hope to eliminate an estimated 1.6 million tons of carbon from the atmosphere while also reducing 116 thousand tons of harmful air pollutants.

Mobile Gaming

MrBeast introduced a multiplayer endurance game called “Finger on the App” in June 2020. The premise of the game was straightforward: participants from around the globe were required to keep their finger on their phone screen in the app, with the last remaining player winning $25,000.

Awards

MrBeast has garnered several notable awards throughout his career thus far. At the Streamy Awards in 2019, he was honored with the Breakout Creator award and also received nominations for Ensemble Cast and Creator of the Year.

In the year 2020, he secured the following Streamy Awards:

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

During the same year, he was recognized as YouTuber of the Year at the Shorty Awards. At the 12th Streamy Awards in 2022, he received accolades for Social Good: Creator and Brand Engagement.

In 2021, he earned a nomination for Favorite Male Social Star at the Kids’ Choice Awards and won the Favorite Male Creator award in both 2022 and 2023, where he was famously slimed while accepting the honor:

MrBeast Burger

In December 2020, the “MrBeast Burger” was launched by Jimmy in collaboration with over 300 restaurants across the United States. The day following the debut of the MrBeast Burger app on the Apple Store, it swiftly ascended to the top of the free app chart. To date, sales have exceeded one million burgers.

MrBeast initiated a physical MrBeast Burger location at the American Dream Mall in East Rutherford, New Jersey, in September 2022. However, he later expressed regret over the inability to guarantee quality while wishing to close down the MrBeast Burger operation, only to find that the Virtual Dining Concepts company would not permit this.

Unfortunately, it became evident that MrBeast Burger was facing challenges. In August 2023, MrBeast filed a lawsuit against Virtual Dining Concepts, his partner in the venture, claiming the company produced inedible and low-quality food. The lawsuit also stated that since the burger’s inception nearly three years prior, MrBeast had not earned any profit from the endeavor. In the same month, it was made public that Virtual Dining is countersuing MrBeast for $100 million.

Clothing Line

In addition to revenue from YouTube, MrBeast’s largest income source comes from his merchandise line. Through shopmrbeast.com, he markets a diverse range of products such as t-shirts, hoodies, hats, water bottles, mouse pads, backpacks, and more. Approximately 40% of his annual income is believed to stem from merchandise sales.

Feastables

January 2022 saw MrBeast unveil Feastables, a food enterprise that introduced a line of chocolate bars named “MrBeast Bars.” Following this, various sweepstakes, challenges, and giveaways took place, and in April 2023, the business broadened to feature gummy candies called “Karl Gummies,” created in partnership with Karl Jacobs.

Charity

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

In October 2019, he collaborated with NASA engineer and YouTuber Mark Rober to establish a foundation known as #TeamTrees. Their aim was to raise $20 million in three months to support the Arbor Day Foundation, which would plant one tree for each dollar collected. Numerous YouTubers united to advocate for this cause. Within 24 hours of launching, #TeamTrees raised $4 million. By December, the total surpassed $20 million, and as of the current date, it exceeds $22 million.

Personal Life

Jimmy has been diagnosed with an inflammatory bowel condition called Crohn’s disease since ninth grade. Over the years, he has discussed the long struggle he faced with this debilitating condition. Before his diagnosis, he experienced frequent illness almost daily and even lost 30 pounds during a summer due to severe discomfort. Alongside medication, MrBeast maintains a fairly strict diet.

Girlfriend

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

Maddy was first revealed 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 up to this point. She has further appeared in several MrBeast videos including “I Adopted EVERY Dog in a Dog Shelter” and “I Spent 50 Hours in Solitary Confinement.”