MrBeast, the prime YouTuber on this planet by variety of subscribers, is reportedly in talks to boost lots of of thousands and thousands of {dollars} in a fundraising spherical that will give his firm a $5 billion valuation.
The 26-year-old YouTuber, whose actual identify is Jimmy Donaldson, has talked to a number of monetary corporations and rich people about doable investments, in line with a Bloomberg report launched on Wednesday. It is not clear but who will make investments as a result of talks are of their preliminary phases.
Donaldson is reportedly elevating cash to discovered a holding firm or a mum or dad firm that owns and controls his numerous companies, together with the chocolate model Feastables, the snack enterprise Lunchly, and his video manufacturing firm. In line with Bloomberg’s sources, Donaldson’s companies are already worthwhile, producing greater than $400 million in mixed gross sales final yr.
Donaldson has raised cash prior to now for his firms. For instance, the YouTuber launched Feastables in January 2022, elevating $5 million in the identical month for the corporate at a $50 million valuation.
Lunchly, which Donaldson launched in September 2024, has but to boost a funding spherical.
It’s unclear what the full worth of Donaldson’s companies is, or how a lot cash he has raised total so far to assist fund them.
Jimmy Donaldson. Picture by Alexi Rosenfeld/Getty Photos
Who Is MrBeast?
Jimmy Donaldson, 26, is greatest recognized for his YouTube channel, which he began in 2012. He gained reputation for his high-budget, attention-capturing movies that racked up lots of of thousands and thousands of views and earned him 368 million subscribers on the time of writing.
His hottest movies embody “$456,000 Squid Recreation In Actual Life!” which has over 750 million views and “Final To Depart Circle Wins $500,000” with practically 500 million views.
He created “Beast Video games,” his Amazon Prime-exclusive sport present, with a $100 million price range, and famous on a “Diary of a CEO” podcast episode launched earlier this month, that the present went over price range, and he spent “tens of thousands and thousands” of {dollars} of his personal cash to make up the distinction.
His efforts paid off: Beast Video games grew to become Amazon’s most-watched unscripted present ever, with 50 million viewers in 25 days. The ultimate episode of the primary season aired on February 13. Donaldson instructed Bartlett that the present continues to be receiving 700,000 new viewers day by day.
Associated: MrBeast Has Grown Up. He Thinks His YouTube Movies Ought to Too.
