MrBeast Seeks $5 Billion Valuation in New Funding Round
The YouTube star aims to raise hundreds of millions to expand his business empire, including packaged goods and media ventures.
- Jimmy Donaldson, known as MrBeast, is in early talks with financial firms and wealthy individuals to raise hundreds of millions of dollars.
- The funding round is expected to value his business empire, which includes Feastables and Lunchly, at approximately $5 billion.
- Donaldson's businesses generated over $400 million in sales last year and are reportedly profitable.
- MrBeast plans to use the funds to expand his packaged goods brands and media production ventures under a holding company structure.
- Despite losing tens of millions on the first season of his Amazon Prime show 'Beast Games,' additional seasons are in development with budgets still under negotiation.