MrBeast makes a staggering £550 million per year but doesn't bank it for himself
MrBeast lifted the lid on how much money he can make in a year, and where it all ends up going.
The popular YouTuber, real name Jimmy Donaldson, has said that despite raking in millions of dollars every year from his massively viewed videos he thinks he isn't rich.
Breaking down his finances in an interview with Time, he said that 'each video does a couple million in ad revenue' and rakes in roughly the same in brand deals that might be featured.
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This stuff is viewed by millions of people each week, there's a reason why brands are lining up to have him plug their stuff.
Although he's making somewhere in the region of $600 million and $700 million (£476 million and £556 million) in a year he has said he's not rich 'right now' and doesn't spent it on himself.
Speaking to Time, he said that a lot of the money made by his content just got plugged back into making more content in order to fund his lavish stunts and giveaways.
He said: "Right now, whatever we make, we reinvest.
"I’ve reinvested everything to the point of—you could claim—stupidity, just believing that we would succeed. And it’s worked out."
Unofficially known as the giveaway king, MrBeast's biggest giveaway in a video was a $2,500,000 (£1,986,00) private jet - and while some would say it was just for the sake of views - it seems that the YouTuber has contributed towards some important causes too.
He once gave away an estimated $5,000,000 (£3,971,000) to help 2000 amputees walk again and also $2,700,000 (£2,144,000) in clothes to disadvantaged people.
Not to mention a food giveaway worth $1,000,000 (£794,000) during the pandemic.
At the start of 2022, it was announced MrBeast officially became the platform's highest earning YouTuber in history.
But for those wondering how he got started, in a 2022 interview with FULL SEND PODCAST, MrBeast let us in on how he started making money on YouTube.
His first brand deal was worth $5,000 (£4,400), which is nothing compared to what he's on now, but instead of splashing the cash, he thought of a brilliant way of getting more views.
The YouTuber would smartly give his brand deal money away to a stranger and video himself doing it.
He explained: "So the first time I got a brand deal is 10 grand, well it's five grand, and I was like double it and I'll go give it away.
"So I literally I just gave away all my brand deals every single time I got one so I did that and the next time.
"I just literally, I would just do a brand deal give it away and then the next brand deal was bigger and I just did that for like two years straight."
A risky strategy for sure, but it certainly paid off.
Anish Vij