Why MrBeast gives away millions from his net worth

Jimmy Donaldson, a widely popular YouTube star who goes by MrBeast, rethinks and reinvents old notions of philanthropy. He has managed to build an unusual charity playbook that leverages his fame and skills with random acts of kindness.
MrBeast net worth
Why MrBeast gives away millions from his net worth
Heard of MrBeast? The American YouTube sensation, philanthropist and entrepreneur. While he mints a ton of money himself, he doesn't keep it to himself. MrBeast, whose real name is Jimmy Donaldson, does a ton of YouTube philanthropy stunts. He gives out large sums of money away to friends, charities and the general public.

In this article

MrBeast has a net worth that amounts to $25 million. He is an American YouTube star and the pioneer of philanthropic YouTube stunt videos. Don’t believe us, go watch this. While pretending to be a news reporter, he gave out $200,000 to people who lost their jobs due to Covid-19. He is currently one of the highest-paid YouTubers on the planet. He earned $24 million from his YouTube channel just in 2020. 

Net worth$25 Million
Date of birthMay 7, 1998
Height6 ft (1.85 m)
ProfessionYouTuber, philanthropist

Donaldson invests most of his video earnings back into video production. Each video costs him about $300,000 producing one video, up from $10,000 a few years ago. His stunts are very philanthropic. In his videos he gives away money to random strangers or buys them stuff. Sometimes, he even goes to the extent of adopting an entire shelter of rescue dogs. MrBeast makes $3 million per month from YouTube ads alone and that is exclusive of in-video brand deals.

Where MrBeast gets his net worth from

Donaldson was born on May 7, 1998, in Greenville, North Carolina. He attended the Greenville Christian Academy and graduated in 2016. MrBeast began posting videos on YouTube when he was as young as 12 under the user name MrBeast6000. He attended college for a short time but dropped out to pursue YouTube full time. Earlier, his YouTube videos were mostly commentaries, reaction videos and funny compilations.

How it all turned out

Donaldson first gained popularity after releasing the video “counting to 100,000” in 2017. In the video, he counts to 100,000 in a span of 44 hours. The video has over 21 million views.

He then did a follow-up with a video where he counted to 200,000. Today his YouTube channel has over 90 million subscribers and over 10 billion views. On average, his videos are viewed more than 20 million times. He has close to 12 million followers on Instagram, 9 million followers on Twitter and 13 million followers on TikTok.

In 2019, he was nominated for Vlogger of the Year at the Shorty Awards and he also won the Breakout Creator award that same year. He was also nominated for Favorite Male Social Star at the 2020 Kids’ Choice Award. Later that year he went on to win the 2020 YouTuber of the Year award. He also won the 2020 Creator of the Year at the Streamy Awards.

What is MrBeast’s stunt philanthropy

Donaldson hit pay dirt in 2018 when he began the practice of stunt philanthropy. In one of Donaldson’s most popular videos, MrBeast gave $1,000 to strangers. and millions of fans soon subscribed to his channels. He then later began giving away hundreds of thousands of dollars, and even $1 million.

Bring out the beast 

In December 2020 Donaldson launched Beast Burger, an app, in partnership with over 300 restaurants around the US. The app became the #1 most popular free app on the platform and to date has sold over a million burgers.

How MrBeast uses his net worth for charity

MrBeast has donated and raised tens of millions of dollars to various charities. His stunt videos alone have donated to homeless shelters. He made big contributions to the Veterans Army Wounded Warrior Program, Saint Jude Children’s Research Hospital and a local animal shelter. In a video ack in December 2018, Donaldson/ MrBeast donated $100,000 worth of clothing and other items to homeless shelters.

Donaldson even partnered with a NASA engineer and YouTuber Mark Rober #TeamTrees. It was founded to raise $20 million for the benefit of the Arbor Day Foundation. The organization worked on planting one tree for every dollar raised. A ton of YouTubers came together to promote the cause. In the next 24 hours of launching, #TeamTrees raised $4 million. Soon enough they hit their $20 million mark and it only kept going. 

Want to read about how other celebrities are using their net worth for good? Check out our blogs on Jeff Bezos, Elon Musk and more.

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Shirlene Grace Isaac

Shirlene Grace Isaac

Shirlene puts words on the Internet because she loves to do so and also for the money! She is a singer, songwriter, occasional poet, artist and muser — all in the body of a 20 something. She's a taleteller of sorts often looking for opportunities to narrate stories untold.

This page is purely informational. Beem does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.

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