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.

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Youtuber Mr Beast is known as the site’s “biggest philanthropist”

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.

Through branded deals and video views, the Youtuber is able to donate large sums of money without it affecting their personal net worth.

Known as ‘Youtube’s biggest philanthropist’, Mr Beast – whose real name is Jimmy Donaldson – started his giving when he started getting sponsorships from companies such as Quid.

He started donating money to whoever he could: the homeless, Twitch streamers, family, friends, and subscribers. At one point, he walked around his town handing out $1,000 to several homeless people in the area.

As his popularity increases, so does the amount of money Donaldson distributes.

In 2020, Donaldson offered a grand prize of $250,000 for a rock, paper, scissors streaming contest.

A few months later, he gave $300,000 to the D’Amelio family – which is going viral on TikTok – for winning a contest.

After the release of Squid Game, Donaldson held his own competition, minus the violence. The grand prize was $456,000.

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What did Mr Beast say about his gifts?

In several videos on his channel, Donaldson explains that the money he gives helps him continue his career as a Youtuber.

With each donation, he gets millions of views. These views become a return investment for him, from which he can then profit.

In a 2018 video, Donaldson opened up about his earnings, saying, “My parents aren’t that rich…every dollar I made came from Youtube, and Youtube pays better than you think.”

He once went viral for donating $100,000 to his mother, who at first blatantly refused the money.

Donaldson went on to explain that in order for him to get the views he needs to get paid, she would have to accept the money.

“If I don’t give it to you, I don’t have a viral video,” Donaldson said in the video.

Her mother replied, “So you’re using me for views?” Donaldson then explains that yes, there will be more views, but she will still get the money he promised.

Mr Beast has helped launch several philanthropies

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Mr Beast has helped launch several philanthropiesCredit: Getty Images – Getty

Who is Mister Beast?

Born on May 7, 1998, Donaldson is from Wichita, Kansas.

He first joined Youtube in 2012, originally uploading video game play videos and net worth estimates from fellow Youtubers.

In January 2017, he uploaded a video of himself counting to 100,000, which took a total of 40 hours.

After going viral, he joined a contest by PewDiePie to become the most subscribed channel on Youtube.

He launched a virtual restaurant in 2020, MrBeast Burger. Various restaurants can buy franchise rights to Beast Burger, and customers can also order the burgers through online delivery services.

Donaldson also started his own charity, Beast Philanthropy. He teamed up with NASA engineer Mark Rober to raise money for the planting of millions of trees, known as Team Trees.

The Youtuber has also helped raise over $18.5 million for Team Seas, a program to remove trash from the oceans.

His Youtube channel has over 85.6 million subscribers and he has received billions of views in total.

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