Mumbo Jumbo Net Worth: How Much Money He Makes On YouTube
Mumbo Jumbo Net Worth – $11 Million
Mumbo Jumbo is a gaming YouTube channel created by a British guy named Oli. He has an estimated net worth of $11 million. He mainly does Minecraft videos focusing on technical elements of the game, doing tutorials on various elements of Redstone and also runs a Vanilla Survival Let’s Play series on the Hermitcraft server. Oli also has his own vlogging channel known as Mumbo vlogs where he posts videos about his adventures doing different things.
Oli is a big fan of cars and has a cat named Benji. He was accepted into Oxford University to do Computer Science/Programming but currently taking a break to pursue other opportunities.
How Much Money Does Mumbo Jumbo Earn On YouTube?
The main channel has over 9.8 million subscribers growing by 1,000 subscribers daily and has accumulated over 3.1 billion views so far. It is able to get an average of 500,000 views per day and this should result in an estimated revenue of around $4,000 per day ($1.4 million a year) from the ads on the videos.
Mumbo Vlogs has over 130,000 subscribers and is able to get an average of 10,000 views per day. This should generate an estimated revenue of around $15 per day.
YouTube content creators based in the US, UK, Canada and Australia generally get paid $2 – $12 per 1000 monetized views after YouTube takes its cut. Monetized views usually range from 40% – 80% of the total views. All these are influenced by several factors like the device played on, time of the year, the location of the viewer, ad inventory, how many ads there are on a video, how many people skip the ads, type of advertisement, ad engagement, type of content, etc.
The cost of an ad view is based on an auction between advertisers based on views. Advertisers have to bid a minimum of $0.01 per view. There is also a program known as Google Preferred where deep-pocketed companies can target ads on the top 5% most popular content. The ad rates here are higher than normal.
Apart from ads, YouTube content creators also generate extra income from other methods such as YouTube Premium, Superchats & Superstickers, Super Thanks, Channel Membership and Shopping.
YouTube Premium viewers pay a monthly fee to view premium content on YouTube and watch videos without ads. Here, content creators get paid based on watch time on their videos. The longer the viewers watch their videos, the more money they earn.
Super Chat and Super Sticker are used by fans to connect with creators during live streams and premiers. When one buys a Super Chat, their comment is highlighted within the live chat while the Super Stickers get an animated image that surfaces in live chat. Super Thanks lets creators earn revenue from viewers who want to show extra gratitude for their videos. Fans can buy a one-time animation and get to post a distinct, colorful, and customizable comment in the video’s comment section.
Shopping allows eligible creators to connect their stores to YouTube to feature their own products.
YouTube Shorts generate revenue in a different way as compared to traditional videos. The revenue from ads appearing between Shorts will be pooled together then a portion of the total revenue will be allocated to a Creator Pool. Each country has its own Creator Pool. Eligible creators will be paid based on their share of total views. Shorts that use music make less money due to licensing costs.
General Expenses
Content creators incur a wide variety of expenses to create their content. These can include things like production costs, employee salaries, travel expenses, rent, buying new equipment, utilities, amenities, entertainment, subscription fees and other living expenses. One of the biggest expenses for most creators is taxes. Your tax brackets generally depend on your income. In a country like the United States, the highest tax rate is 37%. A combination of all these expenses determines one’s ability to save and invest, consequently how much one’s net worth grows.
Other Sources Of Income
i) Merchandise & Twitch
Mumbo gets extra income through the selling of merchandise through his website and donations to his Patreon account. He also has a Twitch account where he has ad revenue, paying subscribers and also gets donations during his streams.
ii) Sponsorships
Mumbo works with different companies directly to advertise their products in his content for a fee. He has promoted brands such as Express VPN, ROG, Audible, NVidia, Klei Entertainment etc.
iii) Investments
Investments refer to the allocation of funds into various assets or financial instruments with the expectation of generating a return over time. The primary purpose of investments is to grow wealth, preserve capital, or meet specific financial goals. There are various forms of investments, including stocks, bonds, real estate, mutual funds, and alternative investments like commodities or cryptocurrencies. Each investment type carries its own set of risks and potential rewards.