MrBeast, the most followed YouTuber in the world, has announced his acquisition of the online bank Step, which claims to have more than seven million clients. This move signals a new step in the diversification of MrBeast's growing business empire and comes as he continues to expand his brand beyond digital content creation.

In a statement released on Monday, details regarding the financial terms of the deal between Beast Industries, MrBeast's company, and Step have not been disclosed. Step has raised over $500 million since its founding in 2018, with $300 million coming from debt and the remainder from equity. This financial backing showcases the potential and growth trajectory of Step as a startup in the competitive digital banking sector.

MrBeast, who entered the YouTube scene as a teenager, has transformed his channel into a high-profile venture that produces videos costing millions of dollars per unit. This acquisition reflects his ambition to diversify his interests and leverage his massive online presence to venture into new industries, particularly the evolving fintech landscape.