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2 years ago an aspiring YouTuber borrowed $20,000 to buy Logan Paul's old car for a video. Now he has over a million subscribers.

A picture of Beem (left) and a picture of Paul (right)
Beem said he still hasn't fully paid off the $20,00 loan, which was seen by Insider.Matthew Beem via YouTube and Logan Paul via Facebook
  • Colorado-based YouTuber Matthew Beem has risen to fame on social media in recent months.

  • He told Insider he once borrowed $20,000 to fund a video idea of customizing Logan Paul's old car.

  • Beem said the video ended up costing around $50,000 to make, due to unforeseen damages to the car.

YouTuber Matthew Beem said he's still paying off  a $20,000 loan he took out to fund a video idea that involved a car belonging to well-known influencer Logan Paul, in the hope that it would help him grow his channel.

In September 2020, 25-year-old Beem, who typically posts content about building large-scale objects and statues, posted a YouTube video titled, "I Spent Thousands on Logan Paul!" which now has 13,000 views. In it, he said he was going to customize a yellow Dodge Challenger car, which previously belonged to Paul.

Paul is a controversial influencer with 23 million subscribers. He rose to fame on the now-defunct platform Vine, going on to post regular vlogs on YouTube. He received widespread backlash when he filmed a purported dead body in Japan in late 2017, but later apologized and continues to post content for his large following.

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Beem told Insider he was inspired by Paul and other influencers who rose to fame during the "vlog-era" on the platform, so when Paul gave his car away to a fan in September 2020, Beem decided to contact the fan so he could get his hands on the car and "paint it amazingly" for a video.

The YouTuber told Insider he had been working as the head painter at a car business at the time, saying, "Once I was confident with the knowledge that I learned from painting cars, I was able to save some good money and I thought, 'I'm going to go all in and make a really big investment.'"

Beem said he planned to take out a loan so he could buy the car from the fan and use it in his video, but his friends and colleagues thought the idea was "crazy."