OnlyFans, the subscription-based web site greatest recognized 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 father or mother 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 positioning 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 life-style movies to specific grownup materials. The corporate takes a 20% lower 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 income 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 “completed firm architect, angel investor, philanthropist, and open supply software program 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 powerful 12 months in 2023. Now we have cemented our place as a number one digital leisure firm and a UK tech success story. Now we have completed this by persevering with to supply alternatives for our various creator group to monetise their content material and develop their world fan base.”
Blair added that the corporate stays dedicated to investing within the creator economic system, emphasising its deal with offering a “protected and revolutionary digital media platform” for each creators and followers.