Mr Beast’s Net Worth: $8+ million
Born in 1998, Jimmy Donaldson is a YouTuber whose videos deal with attention-grabbing, costly stunts. Donalson makes his cash by monetizing his videos and thru partnerships with corporations.
YouTube Profession
Donalson was simply 13 when he began his “MrBeast6000″ YouTube channel in 2012. His unique videos didn’t get numerous views and it wasn’t till 2017 that he launched his first viral video. The video was of him sitting on his pc chair, counting from one to 100,000. The video took 40 hours to movie nevertheless it’s sped up so it “solely” takes 24 hours to watch. The video earned hundreds of views inside a number of days.
Since then, he’s created different “insane and pointless” videos, akin to “Counting to 200,000 (Highway to a Mil)” and truly watching paint dry for an hour. His most well-known failure was a video of him trying to spend 24 hours below water –after 12 hours, he began to undergo from CO2 poisoning and had to cease the problem.
Nevertheless, it wasn’t his stunts that catapulted him to fame, however his videos on donating giant quantities of cash to completely different folks. Thanks to these videos he now has over 40 million subscribers on YouTube.
Massive Cash Movies and Sponsorships
MrBeast’s first cash videos included him giving hundreds of {dollars} to Twitch streamers –and donations and giveaways have solely gotten greater since then. For instance, in March 2019 he organized a real-life battle royale competitors with a grand prize of $100,000. The prize cash and the group of the occasion was dealt with by Electronics Arts’ Apex Legends.
He’s additionally given away giant sums of cash, together with $32,000 to the Veterans Military Wounded Warrior Program, $10,000 to a Los Angeles animal shelter, and $10,000 to a homeless individual. He additionally gave away 3 million pennies to his 3,000,000th YouTube channel Subscriber. Why the stunt? As a result of he’s found that the quirkiest and craziest the cash supply technique, the extra views the video will get.
So the place does all that cash come from? The bulk comes from model offers and sponsorships, and from corporations that donate the cash in change for promotion and visibility. That is additionally how MrBeast has constructed his fortune. The larger the prizes, the extra standard his videos are – and extra reputation means extra views and far greater AdSense earnings for himself. Viral videos not solely earn extra money, but additionally lead to greater sponsorships, which then lead to greater earnings. It’s an enormous cycle that has helped develop his net worth to a whooping $8 million in simply three years.
As well as to common advert earnings, YouTube creators additionally earn extra cash for each 1000 views a video receives, as this implies larger site visitors and advertisers pay extra to seem on videos with very excessive visibility.
MrBeast has been sponsored by some huge corporations, together with Quidd, CSGO Lotto, and TikTok. These corporations not solely pay for the cash given away but additionally for MrBeast’s work and the manufacturing of the videos.
As of August 2020, he’s given away over $1 million in sponsored cash.
