Jimmy Donaldson, better known as MrBeast, has the most popular YouTube account with over 450 million subscribers, or a little over 1 in 16 people in the world. His success with high-production, high-output stunt videos have made him the aspirational model for independent content creators everywhere: the actualization of the promise that, thanks to the internet, gatekeepers no longer stand in the way of viral fame and the riches that supposedly come with it.

Some might say that the extraordinarily famous content creators at the top represent the exception that proves the rule, but even Donaldson, no matter how agape his algorithm-pandering maw, can’t actually make money from YouTube. Financial documents revealed that the content arm of the MrBeast empire is a tremendous money loser — th…

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