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Mr. Beast's financial success and business empire
MrBeast, a famous video blogger, has been the highest-paid YouTuber in the world for two consecutive years. In 2021, his income from videos amounted to about 54 million dollars, and according to Forbes forecasts, this amount could grow to 110 million dollars in 2022.
The overall net worth of the blogger is estimated at 500 million dollars. In 2022, Donaldson considered the possibility of selling a stake in his content studio, which could have increased the value of his primary asset to 1.5 billion dollars.
“The chances of becoming a billionaire increase if you don't set that goal for yourself,” says Donaldson. “You just need to focus on making your company great.”
Content Studio
MrBeast's empire includes several YouTube channels:
Content production takes place in Greenville, the hometown of the blogger. There is a studio that is currently being expanded into three major centers. Donaldson plans to create a creative cluster by attracting other content creators.
Currently, around 50 people work for MrBeast: screenwriters, editors, and assistants. Many key employees are friends and family of Donaldson, who have been involved in developing the channel's growth strategy from the very beginning.
MrBeast Burger Restaurant Business
In December 2020, the blogger announced the launch of his own fast food restaurant chain. Initially, he rented a snack bar in Greenville, temporarily opening a takeout point with free food. On the opening day, the line of cars stretched for more than 30 km.
Currently, the MrBeast Burgers network has more than 300 locations in the USA and several in other countries. The business model is based on the concept of a virtual restaurant: orders are accepted only through the app, and preparation is carried out in independent offline cafes under contract with the brand.
MrBeast Burger has become one of the fastest-growing food brands in the USA, selling over a million burgers in the first three months of operation. In August 2022, MrBeast opened his first offline restaurant.
Feastables Snacks
The blogger is also developing a line of snacks, including MrBeast Bar chocolate and MrBeast Cookies. The products are sold online and in Walmart supermarkets.
In honor of the brand launch in January 2022, Mr. Beast organized a giveaway with cash prizes and a competition for those who found one of the ten golden tickets hidden in chocolate bars. The finalists prepared desserts that were judged by the famous British chef Gordon Ramsay. The winner received a chocolate factory as a gift.
According to Business Insider, in the first few months of operation, Feastables sold snacks worth more than $10 million.