Winner Of MrBeast’s ‘Beast Games’ Reveals How Much Of The $10 Million He Actually Gets To Keep, And The Number Will Shock You
Winner Of MrBeast’s ‘Beast Games’ Reveals How Much Of The $10 Million He Actually Gets To Keep, And The Number Will Shock You
Jeffrey Allen, the inaugural winner of MrBeast’s ‘Beast Games,’ has revealed how much he will actually get to keep after claiming the $10 million prize.
Allen beat 999 other contestants to take home the biggest haul in entertainment history, but he won’t get to keep all of it because of something called taxes.
The determined father, now known as Player 831, took on the challenge in an attempt to fund research for creatine transporter deficiency (CTD), a rare genetic disease his young son Lucas suffers from.
He was a guest on a recent episode of ‘The Iced Coffee Hour,’ where he was asked what everyone wanted to know.
“Everyone’s dying to know, how much is your tax payment?” he was asked by the host.
He would reveal that he received the entire sum as Mr. Beast didn’t make tax deductions. However, he will be taxed based on what he does with the money.
Click on ‘Follow Us’ and get notified of the most viral General stories via Google!Follow Us
“Great question: I’m working on it,” he said. “I think it all depends on what I do with the money this year.”
He added:
“The crazy thing about MrBeast, he doesn’t withhold taxes when he kind of gives the distribution. So I literally got $10 million wired to me.
“So, it’s up to me to do state taxes.”
Jeffrey Allen Estimates How Much He Would End Up Paying For Doing Nothing After Winning ‘Beast Games’
According to Jeffrey Allen, if he uses the money to fund research and continues working with non-profit organizations like he initially planned, he will pay a different tax amount than he would if he simply keeps it in his bank account.
“What percent do you think you’re going to end up paying?” he was asked, with the host refusing to accept a vague answer.
He said he estimates he would have to pay around $5 million if he doesn’t do anything with the money.
$5 million probably doesn’t seem like a lot to fork over to Uncle Sam when you’d have $95 million left. But it’s still more than what most people make in a lifetime.
