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YouTube and the Creator Economy : Top 5 YouTubers in the World!

Since its inception in 2005, YouTube has successfully rocketed its way to success through its creator centric platform and unique visual delivery content. In 2021, it was declared as the most popular social media platform in the US. Although YouTube is facing a lot of issues regarding monetization and piracy, it remains one of the most popular digital platforms for content creators in the evolving creator economy.




What is the creator economy?

It refers to the economy created by approximately 50 million independent content creators. This includes social media influencers, vloggers, and bloggers, besides the tools used for monetization and growth.


Yeah, you heard right! More than 50 million people around the world are considered creators and the creator economy just evolved a decade ago. The creator economy has been declared as one of the fastest growing types of small business. So, don’t be surprised when children declare they want to be YouTubers when they grow up. A survey taken in America depicted that 29 % of kids want to be YouTubers as compared to a mere 11% wanting to be astronomers.


Now using platforms like YouTube, Instagram, TikTok, Snapchat, Twitch, Patreon and OnlyFans content creators can make money through various methods. It is a platform that brings different people together. From a seven-year-old entrepreneur to a professional boxer, these individuals have built an empire for themselves. Here are the names of the highest paid YouTubers in the world, some of them are KIDS!


1. Jimmy Donaldson : also known as Mr Beast: He is popular for grand charitable initiative and daredevil stunts on YouTube. One of his most talked about stunts is the time he spent 50 hours buried alive. He has an income of US$54million.





2.Jake Paul: A professional boxer, his bouts are highly publicized. Although he faced some backlash last about a controversial video of his brother Logan Paul, he still has an earning of a whopping US $45million.



3. Mark Edward Fischbach: He is known as Markiplier and became successful with animated parodies, gaming videos and comedy sketches. His current income is US $38 million.



4. Rhett and Link: Hosting rap battles, and tasting strange food, Rhett and Link have earned a stunning amount US $30million. He began with the show Good Mythical Morning, which began with a wide range of topics.


5. Nathan: He is known as the Unspeakable on YouTube and became popular for his gaming videos. He also has content on challenges and pranking. His primary focus is the pixelated game, Minecraft. He earned a huge income of US $28.5 million last year.


Conclusion


There has been a dynamic shift in the way we lead our lives. The growth in cutting-edge technology, the increasing affordability, and the need to stay home has accelerated the growth of the creator economy. How do parents deal with children who want to be YouTubers? Do you encourage them? Do you quietly re-direct their attention to something else. It all depends on each family and how much freedom a child is allowed to explore, be adventurous and grow. As the digital industry gives us increasingly fancier devices each year, entering the creator economy is no more than a walk from your bed to the dining table. So, give it a try!


We at Learner Circle are offering various courses for children from all over the world. All our activities are curated to help children be engaged after school in a fun and productive manner. Our Online courses will help children enhance their cognitive thinking skills and logical reasoning. It will also equip them with futuristic life skills which are deemed necessary for the future evolving economies. We at Learner Circle are dedicated to help children pursue their passion and fulfil their dreams. So come, Learn with us!


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