MrBeast wants fans to “own” part of his company. It seems like the success of his Beast Games series has enabled the YouTuber to raise “hundreds of millions” for his future endeavors. The extra funding will value his company around the $5 billion mark. At present, he owns a YouTube series and a Prime Video show. He plans to venture into financial services and a mobile network.
MrBeast fans might become ‘owners’ of Beast Industries in the future
MrBeast’s fans may claim a stake ownership in Beast Industries in the future. Jeff Housenbold, CEO of Beast Industries, confessed that they aim to be the next media giant like Disney, thus allowing fans to stake a percentage of ownership in the company.
MrBeast has expanded beyond his thriving YouTube career to build a content studio, a chocolate-bar company called Feastables, the analytics firm Viewstats, among other business ventures.
Beast and Housenbold discussed the possibility at the DealBook Summit on December 4. CEO Housenbold was asked about an IPO (initial public offering) at the summit, to which he replied, “At some point, we want to be able to give the 1.4 billion unique people around the world who have watched Jimmy’s content in the last 90 days a chance to be owners of the company” (via Dexerto).
Previously, when speaking to Bloomberg, CEO Housenbold revealed that Donaldson (his real name) will always be the “cornerstone” of Beast Industries. He shared, “There’s such a bigger opportunity here than just being a YouTuber. Jimmy will always be the cornerstone, but Jimmy doesn’t scale. He already filmed 26, 27, 28 days a month.”
Housenbold also discussed the company’s ambition to become the next Disney by launching their own set of iconic animated characters. The company wants to extend these characters to movies, comics, merchandise, and collectibles.
However, Beast Industries has been “hemorrhaging” money over the last few years. Reportedly, they lost over $110 million in 2024 despite the massive success of the Prime Video series Beast Games. Housenbold assured that Beast Industries is on the right path to become profitable by 2026 (via Dexerto).
