From Quartz.

MrBeast creator Jimmy Donaldson said his wealth is largely on paper and that he is currently cash poor, a disclosure that explains how his business finances operate. The discussion centered on MrBeast net worth versus cash on hand, with Jimmy Donaldson noting most assets are tied to his company. He said he reinvests revenue and last June estimated roughly $250 million in content spending; last summer he wrote that he was borrowing from his mother for his upcoming wedding. On Thursday, Bitmine Immersion Technologies announced a $200 million investment in Beast Industries. Bitmine Chairman Tom Lee told CNBC that Ethereum’s smart contract platform informs the firm’s rationale. The video covers remarks and funding.

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