Why does Mr Beast give away so much money?
MR BEAST is an American Youtuber, internet personality, businessman, and philanthropist. The 23-year-old is known for giving away large sums of money to his viewers. Why does Mr Beast give away so much money? Since going viral in 2017, Mr Beast has given away millions of dollars to various viewers. Because of brand deals and […]
MR BEAST is an American Youtuber, internet personality, businessman, and philanthropist.
The 23-year-old is known for giving away large sums of money to his viewers.
Why does Mr Beast give away so much money?
Since going viral in 2017, Mr Beast has given away millions of dollars to various viewers.
Because of brand deals and video views, the Youtuber is able to give away large sums of money without it affecting his personal net worth.
Known as “Youtube’s biggest philanthropist,” Mr Beast – whose real name is Jimmy Donaldson – began his donations when he started getting sponsorships from companies, such as Quid.
He started giving money away to whoever he could: the homeless, Twitch streamers, family, friends, and followers. At one point, he walked around his city handing out $1,000 to multiple homeless people in the area.
As his popularity grows, so does the amount of money Donaldson gives away.
In 2020, Donaldson gave away a grand prize of $250K for a rock, paper, scissors streaming competition.
A few months later, he gave $300K to the D’Amelio family – who are viral on TikTok – for winning a competition.
After the release of Squid Game, Donaldson held his own competition, minus the violence. The grand prize was $456K.
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What has Mr Beast said about his donations?
In multiple videos across his channel, Donaldson explains that the money he gives away helps him to continue his career as a Youtuber.
With each donation, he gets millions of views. These views become a return investment for him, which he is then able to profit off of.
In one 2018 video, Donaldson addressed his income, stating: “My parents aren’t that rich… every dollar I’ve ever made came from Youtube, and Youtube just pays better than you think.”
He once went viral for donating $100K to his mother, who blatantly refused the money at first.
Donaldson then explained in order for him to receive the views he needs to get paid, she would need to accept the money.
“If I don’t give it to you, I don’t have a viral video,” Donaldson said in the video.
His mother responded with: “So, you’re using me for views?” Donaldson then explains that yes, there will be more views, but she will still be receiving the money he promised.
Who is Mr Beast?
Born on May 7, 1998, Donaldson hails from Wichita, Kansas.
He first joined Youtube in 2012, originally uploading videos of video game playthroughs and net worth estimates of fellow Youtubers.
In January of 2017, he uploaded a video of him counting to 100,000, which took a total of 40 hours.
After going viral, he joined a competition from PewDiePie to become the most-subscribed channel on Youtube.
He launched a virtual restaurant in 2020, MrBeast Burger. Various restaurants are able to purchase franchise rights to Beast Burger, and customers are also able to order the burgers via online delivery services.
Donaldson has also launched his own charity, Beast Philanthropy. He joined forces with NASA engineer Mark Rober to raise money for millions of trees to be planted, known as Team Trees.
The Youtuber also has helped to raise over $18.5million for Team Seas, a program set to remove waste from oceans.
His Youtube channel has over 85.6million subscribers, and he has received billions of views in total.