For creative people, YouTube is as much a means of creative expression as it is a means of making money, and for Jimmy Donaldson, who is referred to as Mr. Beast on YouTube and other social media platforms, it has been a successful venture. Mr. Beast has built a considerable fortune through his YouTube career and has earned hundreds of thousands of dollars through Google’s Adsense and sponsorship deals. In this article, we will examine exactly What is Mr. Beast’s net worth and how much of his net worth comes from his YouTube channel. Read below to find out everything you need to know.
What is the net worth of Mr. Beast?
For a man running on YouTube under the name of Mr. Beast, one would have expected content to match the graphic nature of his name, but instead, he has accumulated a substantial $6 million net worth of healthy viral philanthropic videos that have earned him the reputation of being the biggest philanthropist on YouTube.
He has earned his net worth by building a channel with more than 24 million subscribers and over 3.5 billion video views. While he earned a significant percentage of his net worth from the advertising revenue of his YouTube channel, he has earned a significant percentage through sponsorship from companies such as Quid and Honey.
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How much does he earn on YouTube?
According to the YouTube analytics site SocialBlade, Mr. Beast’s net worth is $6 million when he earns an average of $39,000 to $627,000 per month, with an estimated $470,000 to $7.5 million per year.
His high monthly earnings come from an average of 10 million views of his videos. Combined with the fact that his videos don’t violate YouTube content rules, especially when it comes to monetization, he is in a good position to be one of the highest earners on the video-sharing platform.
Mr. Beast’s path to earning millions of YouTube annually and accumulate a substantial fortune began in 2012 when he joined the social media platform at the age of 13. At that time, he went for the handle, MrBeast6000, and his original content consisted of videos of him appreciating the wealth of other YouTubers and Let’s Plays videos.
For five years after signing up for YouTube, he was an unpopular figure in the vast network of YouTube creators, until in 2017 he released a video of himself in which he counted down to 100,000, surprisingly attracting the attention of tens of thousands of YouTube viewers.
With his growing popularity came a shift in content direction to more attention-grabbing stunts, such as a follow-up to the 100,000 videos of another of his, which counted down to 200,000. He also released a video of himself trying to break a glass pane with a hundred megaphones and another of himself drying paint for an hour.
As his popularity grew, he expanded the boundaries of his attention-grabbing stunt videos until he came across the idea of recording himself at extreme charity events. The concept proved to be a mega success, and so far he has expanded his charity work to various organizations and individuals, including family members.
Through videos in which he himself donated thousands of dollars to individuals and organizations, Mr. Beast increased his subscriber base on YouTube, which in turn contributed to his net worth of $6 million.
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How much money did he give away?
To date, Mr. Beast has given away more than $1 million since he started his YouTube philanthropy. In his first major philanthropy video, he gave away $10,000, and it has continued to grow ever since.
In December 2018, he donated $100,000 worth of goods to homeless shelters. He has also donated $32,000 to the Veterans Army Wounded Warrior Program, $10,00 to an animal shelter, and $70,000 to Saint Jude Children’s Research Hospital.
While much of the revenue that contributed to Mr. Beast’s net worth was used for philanthropic activities, some were used for personal interests such as spending more than $20,000 on billboards and radio commercials to help a YouTuber colleague, PewDiePie, become the most-watched channel on YouTube.
As for where the money comes from, they come primarily from brand sponsorships. Quid sponsored Mr. Beast’s first major giveaway video, and other brands have since joined the fray. As his channel got bigger with each video, the income from brand sponsors got more significant, and so did the amount he gave away, in a never-ending cycle that has not only earned Mr. Beast his reputation as the internet’s biggest philanthropist but also given him a massive net worth.