OnlyFans, the subscription-based web site greatest identified for its grownup content material, has paid out £1 billion to its Ukrainian-born proprietor, Leonid Radvinsky, since he acquired the corporate six years in the past.
The British platform’s guardian firm, Fenix Worldwide, reported a document $472 million (£358 million) dividend final 12 months, contributing to the substantial payouts.
Radvinsky, a 42-year-old Ukrainian-American entrepreneur listed as the only real shareholder of Fenix Worldwide, has obtained $1.3 billion in dividends since 2020, together with $159 million within the first 4 months of this 12 months. He bought OnlyFans in 2018 from its founders, Man and Tim Stokely, who launched the location in 2016.
The newest dividend comes as OnlyFans’ 300 million customers spent a document $6.6 billion on the platform, which hosts a wide range of content material from health and way of life movies to express grownup materials. The corporate takes a 20% minimize of subscription and buy charges, with the remaining 80% going to creators.
OnlyFans’ income rose by 20% to $1.3 billion within the 12 months ending November 30, whereas earnings surged by 25% to $658 million. The variety of creator accounts on the platform grew by 29% to 4.1 million.
Radvinsky, initially from Odesa and now believed to reside within the US, maintains a low public profile. His private web site describes him as an “accomplished company architect, angel investor, philanthropist, and open source software supporter.” Previous to OnlyFans, he based one other grownup web site, MyFreeCams.
OnlyFans CEO Keily Blair hailed the corporate’s achievements in 2023, stating: “OnlyFans had a strong year in 2023. We have cemented our place as a leading digital entertainment company and a UK tech success story. We have done this by continuing to provide opportunities for our diverse creator community to monetise their content and grow their global fan base.”
Blair added that the corporate stays dedicated to investing within the creator financial system, emphasising its concentrate on offering a “safe and innovative digital media platform” for each creators and followers.
