MrBeast Says His Mom Controls His Company’s Bank Account

Jimmy Donaldson, widely known as “MrBeast” in the digital realm, whose YouTube empire rakes in hundreds of millions of dollars annually, has disclosed an unexpected detail about his financial operations: his mother controls the company’s bank account.

In an interview with Time magazine following his recognition as one of the 100 Most Influential People of 2023, Donaldson shared that despite his immense success, he doesn’t perceive himself as wealthy. He attributes this to the fact that all profits from his ventures are reinvested into expanding his enterprises.

Donaldson’s YouTube channel, renowned for its elaborate challenges and philanthropic endeavours, garners millions in ad revenue and sponsorships with each video, contributing significantly to his revenue stream. Additionally, his foray into business ventures like Feastables chocolate bars and MrBeast Burger has further diversified his income, with Feastables boasting an impressive $100 million in yearly revenue.

However, Donaldson’s financial strategy entails ploughing back profits into his businesses rather than personal wealth accumulation. He acknowledges the riskiness of this approach but asserts its success in fueling his enterprises’ growth.

Despite the colossal sums involved, Donaldson relinquishes financial control to his mother, Susan Parisher, who serves as the chief compliance officer of his company. Parisher oversees the company’s bank accounts, managing the substantial finances that fund MrBeast’s ventures.

Reports suggest that Donaldson’s financial footprint could expand further with potential deals, such as negotiations with Amazon Prime Video for a streaming show rumored to be valued at around $100 million.

While MrBeast’s business empire continues to soar, his financial reins remain firmly in the hands of family, reflecting a unique dynamic in the world of digital entrepreneurship.