Reclusive owner of OnlyFans has made $517M since the end of 2020

Reclusive owner of OnlyFans has made $517 MILLION since the end of 2020 as profits soared and subscribers doubled during the pandemic

• Leonid Radvinsky, 40, raked in about about $517 million since the end of 2020
• OnlyFans profits were up 600% last year to $433M as users flocked to the site
• Radivinsky was paid $284M in dividends last year and another $233M in 2022 
• The Ukrainian-American entrepreneur bought the private company in 2018 

The reclusive owner of OnlyFans has raked in $517 million in dividends since the end of 2020, as profits at pornography site soared, company filings show.

Ukrainian-American businessman Leonid Radvinsky, 40, reaped windfall dividend earnings of $284 million last year through the end of November, and $233 million so far this year, according to annual filings on Thursday. 

Radvinsky, who lives in a lavish $4 million mansion in Boca Raton, Florida, took control of London-based OnlyFans in 2018, buying a majority stake from the sites British founder for an undisclosed sum.

Founded in 2016, OnlyFans has surged in popularity, attracting celebrity names such as Blac Chyna, Bella Thorne, and Cardi B, who make millions from monthly subscribers. Many OnlyFans ‘creators’ post hardcore pornography, although most established stars who join the platform upload far less risque content. 

Ukrainian-American businessman Leonid Radvinsky, 40, reaped windfall dividend earnings of $284 million last year through the end of November, and $233 million so far this year

Radvinsky, who lives in a lavish $4 million mansion (above) in Boca Raton, Florida, took control of London-based OnlyFans in 2018

Blac Chyna and Bella Thorne are two of OnlyFans’ more successful ‘content creators’ 

According to Influencer Marketing Hub, these A-listers rake in millions of dollars a month, with Blac Chyna topping the list of the site’s biggest earners. 

Here are the estimated monthly earnings of the site’s top creators: 

OnlyFans takes a 20 percent cut of the monthly fees from users, with the rest going to the content creators themselves. 

While the pandemic shuttered many traditional porn studios, self-generated content on OnlyFans surged, and the company has seen explosive growth.

Radivinsky is currently the sole owner of OnlyFans holding company Fenix International Ltd, according to Bloomberg, which first reported the company’s annual results. 

According to the new annual report, in last year’s period, OnlyFans more than doubled the number of subscribers and boosted the number of creators by more than a third. 

Revenue rose to $932 million from $358 million a year earlier, and OnlyFans posted pretax profits of $433 million, seven times more than it earned in the previous year.

The site’s owner, Radvinsky, is a veteran of the porno industry but maintains a low public profile, living quietly in a gated mansion in Florida.

In 2018, he purchased OnlyFans from founder Timothy Stokely, the British son of a banker. 

The site has been credited with revolutionizing the adult industry, but some performers have claimed they feel pimped by the service, and it has also faced criticism for not doing enough to prevent under-age users selling explicit content. 

In response, the firm told the BBC it was continually improving its approach to safety and content moderation.

OnlyFans is proving highly lucrative for creators as well as Radvinsky, with users spending $4.5 billion on the site last year. 

Cardi B is estimated to make $9.34M on the site monthly and Mia Khalifa $6.43M

American rapper Tyga is also among the top earners on OnlyFans, according to an estimate from Influencer Intelligence 

OnlyFans has traditionally been used by porn stars and sex workers to sell explicit content to paying users. 

But it also provides a platform for musicians, fitness trainers and influencers to sell content. 

Last year, the site announced it was banning explicit material to appease financial backers, only to cave in following a backlash from users. 

The controversy spurred a change in leadership, with former marketing boss Amrapali Gan taking over as CEO.

Gan said in the annual report: ‘We are empowering creators to monetise their content and have real control over it.’

‘Our unwavering commitment to our creators has powered our success over the last 12 months,’ she added.

‘We will continue to invest in the creator economy by enhancing safety, developing original OFTV content, and continuing to grow our community of creators and fans.’

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