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With Inflation On the Rise, Will MrBeast’s Massive Giveaways Reduce Drastically?
MrBeast has become the talk of the town after crossing 90 million subscribers on YouTube. Furthermore, several fans want Jimmy to surpass PewDiePie and receive the Red Diamond Play button. He has established his name in the community for several giveaway content and charity events.
Apart from focusing on his main channel, Jimmy focuses a lot on his side channels. Some of his most popular side channels are MrBeast Gaming, Beast Philanthropy, and Beast Reacts, with over 26.3 million subscribers, 8.03 million subscribers, and 16.3 million subscribers, respectively.
He generates a lot of revenue from his side channels, which helps him organize giveaway content on his main channel. Interestingly, recent reports say that Russia’s invasion of Ukraine has affected the inflation rate. Hence, several fans started wondering if the increased inflation rate could affect Jimmy’s video production.
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Can the rise in inflation rate affect MrBeast?
According to one of the Forbes blogs, ” US consumer price growth surged by 8.5% in the year to March 2022, surpassing Wall Street’s expectations and propelling the country’s inflation rate to its highest figure in more than 40 years.” In addition to that, it also mentioned that today’s increase in the consumer price index is because of the impact of Russia’s invasion of Ukraine.
Indeed, the Russia-Ukraine incident has devastated everyone worldwide. Because of increasing inflation, the cost of living for American citizens might become extremely challenging in the future. Given the current situation of rising costs for energy, food, and accommodation, some fans are wondering if increasing inflation can affect MrBeast’s content.
Price increases over last year (CPI report)
Gasoline: +48.0%
Used Cars: +35.3%
Gas Utilities: +21.6%
Meats/Fish/Eggs: +13.7%
New Cars: +12.5%
Electricity: +11.1%
Food at home: +10%
Apparel: +6.8%
Shelter: +5.0%
The actual inflation rate is much higher than 8.5%. #Bidenflation pic.twitter.com/YlQRY9H8V2
— Real Mac Report (@RealMacReport) April 12, 2022
Jimmy is widely known for huge giveaways such as the $1,000,000 Influencer Tournament, Extreme $1,000,000 Hide And Seek, $10,000 Every Day You Survive Prison, and much more. Jimmy spends a huge amount of money to produce his main channel videos and increasing inflation can definitely affect him.
Furthermore, since Jimmy is very close to reaching 100 million subscribers, it’s quite obvious that he would like to draw more audience attention to his channel. Although increasing inflation may affect our YouTube Star a little bit, it will most likely not become an immense challenge for him.
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Jimmy reveals his main channel situation on Joe Rogan’s podcast
Jimmy once opened up on Joe Rogan’s podcast that he generates more revenue from his side channels as compared to his main channel.
He said, “So these channels, like this channel (Beast Reacts) specifically, doesn’t cost a lot of money to run. So this is like you know, mostly just pure profit. Which is what I’ve ran into is like my main channel because I kept taking the videos bigger and bigger and bigger. There did get a point where they weren’t really profitable like I was losing money every video.”
Jimmy further added. “So I started this other channel, so they would make money so I could lose money on my main channel, if that makes sense?” Since Jimmy is already losing money from the main channel, even if the inflation rate increase further, he might start focusing more on side channels to support his main channel.
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What are your thoughts on how Jimmy’s current situation can change in the future? Let us know in the comments down below.
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