By Caleb Sama November 24, 2022
MrBeast, formally known as Jimmy Donaldson, is looking to raise $150 million in funding for his YouTube channels and various ventures, placing the value of his businesses at $1.5 billion.
MrBeast plans to use the funds to grow his YouTube channels, diversify into restaurants, and more.
If successful, MrBeast would set a new record for the highest valuation received by an influencer-led business.
Credited with pioneering a genre of YouTube videos that centers on expensive stunts, his main channel, MrBeast, is the fourth-most-subscribed on the platform, and Forbes estimates his annual revenue to be $54 million per year.
As of this year, the MrBeast team is made up of 30 people and this is including MrBeast himself.
MrBeast owns several business establishments as well outside of YouTube, which would mean that he won't have a hard time finding ways to put the money raised to good use.