MrBeast Net Worth 2024: $1 Billion Success Story

MrBeast Net Worth 2024: $1 Billion Success Story.

What is MrBeast's Net Worth?

MrBeast, whose real name is Jimmy Donaldson, is a well-known American YouTube personality, philanthropist, and entrepreneur with a net worth of around $1 billion. This figure reflects a conservative estimate of his extensive business ventures, considering that he typically doesn’t profit from his videos. MrBeast has always claimed that he reinvests all his earnings from videos into creating new content. In November 2022, news broke that he was seeking investors to join his business, which was valued at $1.5 billion.

Fast forward to January 2024, and it was reported that MrBeast was finalizing a $100 million deal with Amazon for an exclusive streaming series. During a court case in 2024 related to his MrBeast Burgers, an organizational chart detailing his assets and monetization was submitted and later made public.

This chart revealed that in 2023, MrBeast's ventures brought in $223 million in gross revenue, with projections of hitting $700 million in 2024 (as of February 2024). Thanks to these insights, MrBeast officially became a billionaire 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, he was the only one who didn’t inherit his wealth.

MrBeast is famous for his YouTube stunts that often involve giving away large amounts of money to friends or charitable causes. He’s recognized as a trailblazer in the realm of philanthropic stunt videos and ranks among the highest-paid YouTubers worldwide. In 2020, he earned $24 million through his YouTube channel, merchandise, and sponsorships with companies like Microsoft and Electronic Arts.

The following year, his earnings jumped to $50 million, with about $30 million coming from YouTube ads and $10 million from sponsorships. His videos often have a charitable twist, such as giving money to strangers or adopting entire shelters of rescue dogs.

Right now, MrBeast's main channels—MrBeast, MrBeast Gaming, MrBeast 2, Beast Reacts, and MrBeast Philanthropy—have more than 415 million subscribers combined. His main channel alone has 270 million subscribers, which makes him the top account on YouTube.

Interesting Facts

Brings in about $50 million in gross revenue each month.

Secured $20 million to plant 20 million trees.

Donated more than 100 cars.

Gave away $1 million in just one video.

There were whispers about the business being worth $1.5 billion.

Made $223 million in 2023.

On track to hit over $700 million in 2024.

Early Life and Career Beginnings

Jimmy Donaldson, known as MrBeast, was born on May 7, 1998, in Greenville, North Carolina. He went to Greenville Christian Academy and graduated in 2016. At just 12, he kicked off his YouTube journey with the username "MrBeast6000." He tried college for a bit but decided to leave and focus on YouTube full-time. His early content mainly featured video game commentary, reaction clips, and hilarious compilations.

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Mr Beast's Success

Jimmy shot to fame in 2017 with his viral video "counting to 100,000," where he literally spent 44 hours counting. That video racked up over 21 million views!

He didn't stop there; he later made a video counting to 200,000. Some of his other wild stunts include reading the entire dictionary, going through the "Bee Movie" script, taking an Uber across the U.S., saying "Logan Paul" 100,000 times, and watching the cringe-worthy Jake Paul music video "It's Every Day Bro" on loop for 10 hours.

Fast forward to today, and his YouTube channels boast over 400 million subscribers combined, with his videos pulling in tens of billions of views. Most of his average videos get over 20 million views each. He was nominated for Vlogger of the Year at the 2019 Shorty Awards and snagged the Breakout Creator award. In 2020, he was up for a Kids' Choice Award for Favorite Male Social Star and took home the YouTuber of the Year award, along with being named Creator of the Year at the Streamy Awards.

Stunt Philanthropy

Jimmy struck gold in 2018 when he kicked off his "stunt philanthropy" gig. One of his standout videos from that time featured him handing out $1,000 to random folks. This caught the attention of millions, and his subscriber count skyrocketed as he started giving away hundreds of thousands, even hitting the $1 million mark.

Then in December 2019, he dropped a video where he dared people to keep their hand on a pile of $1 million in cash. The last person to take their hand off got to walk away with the cash:

Monthly Video Production Budget

MrBeast has revealed that his monthly expenses for creating content match his earnings. This makes sense, especially since he often gives away a million dollars in some of his videos. He shells out at least $3 million each month on production, staff pay, rent, and other costs.

Monthly Earnings

MrBeast is raking in at least $3 million every month just from his YouTube views. Take March 2022, for instance—he dropped 54 videos across his 13 channels, which got a whopping 283 million views. To break down his earnings, he has three main income streams:

1. Ad Revenue
2. Sponsorships
3. Merchandise

Let’s dive into each one:

Ad Revenue

The CPM (cost per thousand views) for video ads varies a lot by country. Ads in the US and Canada pay way more than those in Brazil. But if we average it out to about $5 per thousand views, that means with 283 million views, MrBeast could be pocketing around $1.4 million.

Sponsorships

Reports say MrBeast charges about $1 million a month for the main sponsorship on his primary video page. In March, that sponsor was Experian. Plus, he likely pulls in at least another million from sponsorships on his other channels, bringing the total to around $2 million.

Merchandise

This is where it gets really interesting. Last year, MrBeast made about $54 million, and roughly half of that came from merchandise sales. That’s about $2.25 million a month, but let’s play it safe and say it’s around $2 million.

Adding up these three revenue streams gives us:

1.4 + 2 + 2 = $5.4 million

That means we made $174,193 each day in March.

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Team Trees

In October 2019, Jimmy teamed up with ex-NASA engineer Mark Rober to kick off a fundraising initiative known as #TeamTrees. They aimed to gather $20 million for the Arbor Day Foundation in just three months. Amazingly, they hit that target in only two months! As of now, the project has raised $23 million and planted over 7 million trees.

Once they achieve their ultimate goal of planting 20 million trees, it’s estimated that the project will have taken out around 1.6 million tons of carbon from the air, along with eliminating 116 thousand tons of chemical air pollution.

Mobile Gaming

In June 2020, MrBeast kicked off a multiplayer endurance challenge called "Finger on the App." The idea was pretty straightforward: players from all over had to keep their finger on their phone screen in the app. The last person to lift their finger would snag a cool $25,000.

Awards

MrBeast has snagged quite a few big awards throughout his career. Back in 2019, he took home the Breakout Creator award at the Streamy Awards, and he was also up for Ensemble Cast and Creator of the Year that same year.

Fast forward to 2020, and he scored several Streamy Awards, including:

- Creator of the Year

- Live Special

- Social Good: Creator

- Social Good: Nonprofit or NGO

He also won YouTuber of the Year at the Shorty Awards that year. By 2022, at the 12th Streamy Awards, he added more wins to his collection with awards for Social Good: Creator and Brand Engagement.

In 2021, he got a nod for Favorite Male Social Star at the Kids' Choice Awards, and then in 2022, he won the Favorite Male Creator award. He repeated that win in 2023, and when he accepted the award, he got slimed!

MrBeast Burger

Back in December 2020, Jimmy kicked off the "MrBeast Burger" by teaming up with over 300 restaurants across the U.S. Right after he dropped the MrBeast Burger app on the Apple Store, it shot to the top as the #1 free app. So far, he’s sold over a million burgers!

Fast forward to September 2022, he opened a physical MrBeast Burger spot at the American Dream Mall in East Rutherford, New Jersey. However, MrBeast later shared his disappointment about not being able to ensure quality and hinted at wanting to shut down the burger business, but Virtual Dining Concepts wouldn’t let that happen.

Things took a turn for the worse with MrBeast Burger. In August 2023, MrBeast filed a lawsuit against his partner, Virtual Dining Concepts, claiming they served up inedible and low-quality food. He also mentioned that he hadn’t made a dime from the venture in almost three years. To add to the drama, Virtual Dining is now countersuing MrBeast for a whopping $100 million.

MrBeast's Clothing Line

Aside from his YouTube earnings, MrBeast rakes in a significant chunk of his income from his merch line. Available at shopmrbeast.com, he has a variety of products like t-shirts, hoodies, hats, water bottles, mouse pads, backpacks, and more. It's estimated that around 40% of his yearly income comes from these merchandise sales.

Feastables

In January 2022, MrBeast launched Feastables, a food brand that kicked off with its own chocolate bars called "MrBeast Bars." This was followed by a series of sweepstakes, challenges, and giveaways. By April 2023, the brand expanded to include gummy candies named "Karl Gummies," created in partnership with Karl Jacobs.

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Charity

Throughout the years, MrBeast has donated or raised millions for various charitable causes. His stunt videos have provided support 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, in December 2018, he donated $100,000 worth of clothing and supplies to homeless shelters.

In October 2019, Jimmy teamed up with NASA engineer and YouTuber Mark Rober to launch a foundation called #TeamTrees. Their aim was to gather $20 million in three months for the Arbor Day Foundation, which would plant a tree for every dollar raised. Many YouTubers joined in to promote the initiative. Within just 24 hours, #TeamTrees had already raised $4 million. By December, they surpassed their goal, raising over $20 million, and as of now, they've collected more than $22 million.

Personal Life

Jimmy deals with Crohn's disease, an inflammatory bowel condition he was diagnosed with in ninth grade. He’s talked about the ongoing struggle he’s faced with this tough illness. Before he found out what was wrong, he was feeling sick almost daily and even dropped 30 pounds one summer due to the severe discomfort. Along with his medication, MrBeast sticks to a pretty strict diet.

Girlfriend

In June 2019, Jimmy started dating Maddy Spidell after they connected on Twitter.

Maddy was first introduced as MrBeast's girlfriend in a February 2020 video called "Surprising My Girlfriend With 100,000 Roses For Valentine's Day," which has racked up over 50 million views. Since then, Maddy has appeared in several other MrBeast videos, like "I Adopted EVERY Dog in a Dog Shelter" and "I Spent 50 Hours in Solitary Confinement."

Jimmy Donaldson, aka MrBeast, has transformed from a YouTube creator into a global phenomenon, becoming a billionaire by the age of 26. His unique blend of philanthropy and entertainment has redefined what it means to be a content creator. Through his viral videos, including giving away millions of dollars, he has built an empire that includes lucrative ventures like Feastables, MrBeast Burger, and merchandise sales.

Beyond his financial success, Jimmy’s dedication to making a positive impact on the world—whether through charitable donations, environmental initiatives, or supporting causes like #TeamTrees—has earned him admiration and respect worldwide.