MrBeast, the highest YouTuber on the planet by variety of subscribers, is reportedly in talks to lift a whole lot of hundreds of 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 companies and rich people about potential 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 levels.
Associated: MrBeast Says He Misplaced ‘Tens of Tens of millions of {Dollars}’ on His Hit Amazon Actuality TV Present ‘Beast Video games’
Donaldson is reportedly elevating cash to discovered a holding firm or a guardian firm that owns and controls his numerous companies, together with the chocolate model Feastables, the snack enterprise Lunchly, and his video manufacturing firm. In keeping with Bloomberg’s sources, Donaldson’s companies are already worthwhile, producing greater than $400 million in mixed gross sales final 12 months.
Donaldson has raised cash up 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 lift a funding spherical.
It’s unclear what the overall worth of Donaldson’s companies is, or how a lot cash he has raised general so far to assist fund them.
Jimmy Donaldson. Photograph by Alexi Rosenfeld/Getty Photos
Who Is MrBeast?
Jimmy Donaldson, 26, is finest recognized for his YouTube channel, which he began in 2012. He gained reputation for his high-budget, attention-capturing movies that racked up a whole lot of hundreds of thousands of views and earned him 368 million subscribers on the time of writing.
His hottest movies embrace “$456,000 Squid Recreation In Actual Life!” which has over 750 million views and “Final To Go away 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 hundreds of thousands” of {dollars} of his personal cash to make up the distinction.
His efforts paid off: Beast Video games turned 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 each day.
Associated: MrBeast Has Grown Up. He Thinks His YouTube Movies Ought to Too.
