Since the creation of YouTube in 2005, it is thought that several thousands of ordinary people have become millionaires using the platform. The platform allows low budget filmmakers to share videos online for free. Before the concept of online videos, people went to film school followed by extensive training just to have the chance of their filmography ever being seen. Today, anyone can share their videos with the world with little more than the click of a mouse.
How are so many people becoming millionaires with their YouTube videos?
It didn't take YouTube very long to realize that advertising would be a sustainable source of revenue for a platform with billions of views. Advertisers pay YouTube to display their advertisements and YouTube gives a large percentage of the advertising dollars to the content creators that keep viewers coming to the platform.
In addition to revenue earned from YouTube, brands pay popular YouTubers to become brand ambassadors. When you see your favorite YouTube star drinking a Caribou Caramel Iced Coffee in their video and they comment about how much they love it, they may have received sponsorship money for that.
MrBeast (Jimmy Donaldson)
It is reported that MrBeast's net worth in 2020 was $16 million. He is best known for his wacky philanthropic challenges, like where he gave $20,000 to the last team to leave a rollercoaster. After more than 100 laps on the rollercoaster, the white team won. This video has nearly 66 million views to date.
Blippi (Stevin John)
Known for his popular children's educational videos, Blippi is reportedly worth $16 million. His blue and orange beanie caps captivate young kids who soak up his educational videos like a sponge. The video below teaches children about heavy equipment and has more than 14 million views to date.
The Canadian superstar began posting comedy videos on YouTube in 2010 and now she has her own TV show. Her tagline is, "Spent thousands of dollars on tuition, graduated and got a degree. I make YouTube videos now." Her reported net worth is $20 million.
Nastya (Anastasia Radzinskaya)
Nastya and her friends and family have ongoing adventures that have catapulted her into one of the biggest children's YouTube personalities in the world. In this video, which has more than 90 million views, Nastya and her friend learn about how fun fresh fruits and vegetables can be. She is reportedly worth $20 million.
Reportedly worth $50 million, Ryan Kaji is one of the youngest YouTube stars. He began filming his YouTube videos when he was only four years old. Ryan's World has grown its following to nearly 30 million subscribers. His most popular videos are the toy reviews for kids.
It is estimated that the average salary for a YouTuber with 1 million subscribers is $57,000 per year. It is a competitive platform, but if you love making movies, why not take the chance? Grab an iOgrapher Live Streaming Bundle and start filming. You could be the next YouTube millionaire.