🤑 MrBeast: YouTube’s First Billionaire?
How did Mrbeast become the highest paid Youtube creator at just the age of 25?! Read on.
Net worth: $500 Million.
Yearly YouTube revenue: $82 Million.
Forbes' 2023 Top Creators List.
22.3 Crore YouTube subscribers.
That’s what the profile of YouTuber MrBeast (aka Jimmy Donaldson) looks like!
How did he get here?
Read on.
MrBeast: The Profile
MrBeast is a YouTube content creator who makes crazy videos across formats.
How crazy, you ask?
Well, let's see.
Challenge videos? Check.
Crazy stunts (like getting buried alive)? Check.
Huge giveaways (upto $1 Million in one video!)? Check!
He even recreated Squid Game in real life!
The video has since become MrBeast’s most popular video yet, with over 400 million views thus far!
Now, producing these videos is not cheap.
Producing one video costs him anywhere from $3,00,000 - $2M!
How does he fund these crazy expensive videos?
MrBeast: The Money Maker
Now, MrBeast produces around 75-80 videos in a year.
These videos earn him $82 million from YouTube viewership alone!
But that’s not all.
He has some side-businesses too.
In January 2022, he started Feastables, a gluten-free line of chocolate bars.
And how!
The brand made $10 Million in sales within months!
And why just a business, his own channel is a brand in itself.
Owing to the popularity of his brand, MrBeast launched his merchandise.
And boy, from mugs to tees to caps, his merchandise sells like crazy!
Now, let us tell you a little business secret.
For anything to sell like hot cakes, a strong distribution is must.
And that is what MrBeast created through his YouTube channel.
A solid distribution.
Now, brands want this distribution to sell their products and services.
And this gave birth to yet another revenue stream for MrBeast: brand sponsorships.
He rakes in $1-3 Million per video in brand sponsorships.
That’s ~$36M to $108M annually!
But hey, he’s not using his money just to create content.
MrBeast: The Philanthropist
He’s also creating impact:
14,005,167+ Pounds of Food donated
11,670,972+ Meals Delivered
2,072,592+ Individuals Fed
helped 1,000 blind people see
True to his commitment to die with $0!
He has 2 more social initiatives.
TeamTrees
In 2019, he launched this campaign to raise money for planting 20 million trees.
And in just under 2 months, it raised $2 million!
TeamSeas
This campaign was launched in 2021 to raise $30 million for removing trash from the oceans.
Today, it has cleaned over 15.1 million pounds of trash from 63 countries!
MrBeast has surely come a long way.
But hey, this journey was not easy.
This was a patient journey of 11 long years.
Jimmy started creating YouTube content way before it got popular!
Yes, he started out back in 2012. He was just 14.
He stayed at it. Persisted.
Consistent efforts do pay off, it seems :)
Our takeaway from his journey?
Find your passion. And keep at it.
Even if it is not ‘the next big thing’.
We, at ReadOn, live by this quote:
‘Consistency in efforts, patience in results’.
Drop a ‘💯’ if you believe in this as well :)
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