For certain investors, MrBeast’s star power is likely to make the business more appealing than the average startup. — Reuters
MrBeast is the biggest YouTube star in the world. But his real moneymaker isn’t creating viral videos – it’s selling chocolate.
MrBeast’s company, Beast Industries, is majority owner of Feastables, a chocolate business that generated sales of about US$250mil (RM1.1bil) last year and a profit of more than US$20mil (RM88.67mil), according to documents sent to potential investors. Over the same stretch, MrBeast’s media business, which includes his YouTube channel and his reality show for Amazon.com Inc’s Prime Video, produced similar sales but lost almost US$80mil (RM355mil).
