Despite being a billionaire, YouTube celebrity Jimmy ‘MrBeast’ Donaldson is borrowing money from his mother for his wedding.
This detail was revealed by MrBeast in response to Dexerto's X post, which labeled him as “the only billionaire under 30 to have not inherited his wealth.” He explained that he has “very little money” in his personal account due to allocating most of his profits to content creation.
“MrBeast wrote that this year they will spend approximately a quarter of a billion on content. Ironically, I'm borrowing from my mom for my wedding. However, my businesses are worth a lot on paper.”
MrBeast spent millions on films and did extreme feats and philanthropy to build his YouTube empire. He stated on the Diary of a CEO podcast that he is a millionaire but has less than $1 million in liquid assets.
Part of his strategy to expand his firm involves the tens of millions he invested in his Amazon Prime project, Beast Games. According to Bloomberg, Donaldson is seeking hundreds of millions in outside financing for his $5 billion ventures.
Considering the value of her son's brand and ventures, MrBeast's mother is unlikely to be concerned about repaying the short loan.
Image Source: Youtube Token CEO
Post a Comment