MrBeast Seeks Funding to Expand $5 Billion Business Empire
The YouTube star is in early talks to raise hundreds of millions to grow his media and packaged goods ventures.
- Jimmy Donaldson, known as MrBeast, is reportedly seeking hundreds of millions in funding to support his growing business empire, which includes Feastables, Lunchly, and a video production company.
- The funding round, if successful, would value MrBeast LLC at approximately $5 billion, according to unnamed sources cited in reports.
- Donaldson plans to use the funds to expand his media projects and packaged goods businesses, which generated over $400 million in sales last year.
- His Amazon Prime Video series 'Beast Games,' despite being the platform's most-watched unscripted show, resulted in personal financial losses due to high production costs.
- Discussions with potential investors are in preliminary stages, with no confirmed participants or finalized terms as of yet.