With Forbes estimating that Jimmy Donaldson, aka MrBeast, has a stunning $500 million net worth, one might assume that he lives in a lavish mansion, drives luxury cars, and owns an impressive real estate portfolio. However, he lives quite modestly, much to the surprise of many.
In an appearance on the "My First Million" podcast, the famous content creator revealed that he resides in a studio apartment and chooses to spend his money on building his brand. "I mean, like, money is cool, but, you know, I live in my studio. I don't have, like, a mansion. I don't drive a Lamborghini," he said. "So, it's like, I like money because it can, I can hire more people, and grow a business but not, so, I can increase my lifestyle, or whatever." The New York Post reported that he purchased a home valued at approximately $320,000, subsequently acquiring adjacent properties for his family and staff. While he received backlash for it, with people assuming that he was creating a "company town," Donaldson defended his decision: "Only I could get canceled for giving people a place to live with no strings attached," he tweeted. "All these company town tweets make no sense, I was just helping some people."
Donaldson remains resolute in his commitment to using his money to make a difference in the lives of others. In another series of tweets, he maintained that he's planning on giving away all his earnings, stating, "I promise I'm dying with 0 dollars in my bank account and I refuse to live a materialistic life."
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