The adult content platform paid out US$ 472 million in dividends to Leonid Radvinsky in 2023 alone. The company’s revenue passed US$ 1.3 billion last year, with an increase in creators and subscribers.
The owner of OnlyFans, Leonid Radvinsky, has seen his fortune grow by 150% from 2022 to now, as his social network continues to receive thousands of new subscribers, increasing its revenues and profits.
According to Forbes, the executive’s net worth is US$ 3 billion, around R$ 17 billion at the current dollar rate. Two years ago, it was estimated at US$1.2 billion.
Last year alone, Radvinsky received US$ 472 million in dividends from Fenix International, OnlyFans’ parent company.
A year earlier, in 2022, there were US$ 338 million in dividends. And another US$284 million came in 2021, according to Bloomberg.
The money is the result of OnlyFans’ success around the world. The network was born for fans to follow exclusive content from a creator, but the platform gained notoriety because of its adult content.
The company’s financial report for 2023 shows that last year there were more than 305 million subscriber accounts on the platform, an increase of 28% on the previous year.
The site’s total number of content creators also grew last year, surpassing the 4 million mark, an increase of 29% compared to 2023.
With this significant increase in user numbers within the platform, the company’s revenue grew from US$ 1.09 billion in 2022 to US$ 1.31 billion in 2023.
Profits also grew from one year to the next, from US$ 403.7 million to US$ 485.5 million.
OnlyFans was created in 2018 by father and son duo Guy Stokely and Tim Stokely. Leonid Radvinsky, 42, born in Ukraine and a naturalized US citizen, bought the company in 2018.
The platform’s boom came, however, in 2020, with the Covid-19 pandemic, which kept people home alone and paralyzed film recording. That year, according to Forbes, the company’s revenue skyrocketed by more than 500%.
This jump was due to the sharp increase in the number of content creators on the platform, which grew fivefold that year, as well as the nearly 50% growth in the subscriber base.