The YouTube sensation MrBeast, whose original name is Jimmy Donaldson, has recently been listed among the top spots in Forbes’ Top Creators of 2023. The YouTuber amassed a huge figure of $82 million in earnings last year, in 2022, which made him the highest-earning digital creator.
With over 200 million subscribers on YouTube, MrBeast is known for his extravagant stunts and charitable giveaways. Besides being a content creator, he is also an established philanthropic entrepreneur.
In some time, the 25-year-old is set to become a board member of Forbes after the completion of the proposed sale of an 82% stake to Austin Russell, the technology tycoon. This deal would expand Forbes’ net worth to nearly $800 million.
MrBeast began his journey on YouTube in 2012 and didn’t gain recognition until 2017, becoming a viral sensation. He often donates an ample amount of money to individuals and various charitable causes.
He enjoys giving away money, and he does that both with and without sponsored video, and that too with grand gestures. And his subscribers love seeing that. He also donates to fellow YouTubers for videos, such as Ninja and others. MrBeast even established an organization with the help of his team to inspire people to plant trees and nurture them. He aims to plant 200 million trees with this organization.
How does MrBeast make money for his giveaways?
At the end of 2018, MrBeast shared a video on his YouTube channel titled “How I Gave Away $1,000,000,” in which he shared that he helped a homeless man with $10,000 by giving away his first brand deal check. The video gained huge interaction on the internet, and MrBeast shared how much he enjoys giving.
Later on, he was offered a bigger sum from the same brand, which he gave away to different homeless people in smaller quantities. This soon became hugely popular, and MrBeast explained his donation process for sponsored videos. By the end, he shared that he earns money from YouTube, which pays a good amount.
But that also depends on the cost per thousand impressions (CPM) for his videos. Considering the fact that he is among the top content creators on YouTube, his CPM could be valued at around eight to ten dollars per thousand views. And as his videos have millions of views, his revenue comes in great sum. As of 2023, the content creator has around $500 million estimated net worth.
Since starting his YouTube journey at the young age of 13, MrBeast has come a long way, with more than 200 million subscribers as of today. His journey has been truly inspiring for many content creators, whom he often enjoys helping as well.