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

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

Ukrainian-American businessman Leonid Radvinsky, 40, reaped windfall dividend earnings of $284 million final year by the end of November, and $233 million up to now this year, based on annual filings on Thursday. 

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

Founded in 2016, OnlyFans has surged in recognition, attracting movie star names resembling Blac Chyna, Bella Thorne, and Cardi B, who make tens of millions from month-to-month subscribers. Many OnlyFans ‘creators’ put up hardcore pornography, though most established stars who be a part of the platform add far much less risque content material. 

Ukrainian-American businessman Leonid Radvinsky, 40, reaped windfall dividend earnings of $284 million final year by the end of November, and $233 million up to now this year

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

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

Bella Thorne

Blac Chyna and Bella Thorne are two of OnlyFans’ extra profitable ‘content material creators’ 

OnlyFans’ high 10 highest earners: Bella Thorne and Blac Chyna rake in MILLIONS a month on the web site

According to Influencer Marketing Hub, these A-listers rake in tens of millions of {dollars} a month, with Blac Chyna topping the checklist of the web site’s largest earners. 

Here are the estimated month-to-month earnings of the web site’s high creators: 

  1. Blac Chyna: $20million
  2. Bella Thorne: $11million 
  3. Cardi B: $9.34million 
  4. Tyga: $7.69million
  5. Mia Khalifa: $6.43million
  6. Erica Mena: $4.49million
  7. Pia Mia: $2.22million
  8. Safaree Samuels: $1.91million
  9. Megan Barton Hanson: $1.06million
  10. Jem Wolfie: $900,000 

OnlyFans takes a 20 % reduce of the month-to-month charges from customers, with the relaxation going to the content material creators themselves. 

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

Radivinsky is at the moment the sole owner of OnlyFans holding company Fenix International Ltd, based on Bloomberg, which first reported the company’s annual outcomes. 

According to the new annual report, in final year’s interval, OnlyFans greater than doubled the quantity of subscribers and boosted the quantity of creators by greater than a 3rd. 

Revenue rose to $932 million from $358 million a year earlier, and OnlyFans posted pretax earnings of $433 million, seven instances greater than it earned in the earlier year.

The web site’s owner, Radvinsky, is a veteran of the porno trade however maintains a low public profile, residing quietly in a gated mansion in Florida.

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

The web site has been credited with revolutionizing the grownup trade, however some performers have claimed they really feel pimped by the service, and it has additionally confronted criticism for not doing sufficient to stop under-age customers promoting express content material. 

In response, the agency informed the BBC it was regularly bettering its strategy to security and content material moderation.

OnlyFans is proving extremely profitable for creators in addition to Radvinsky, with customers spending $4.5 billion on the web site final year. 

Cardi B

Mia Khalifa

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

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

American rapper Tyga can also be amongst the high earners on OnlyFans, based on an estimate from Influencer Intelligence 

OnlyFans has historically been utilized by porn stars and intercourse staff to promote express content material to paying customers. 

But it additionally offers a platform for musicians, health trainers and influencers to promote content material. 

Last year, the web site introduced it was banning express materials to appease monetary backers, solely to collapse following a backlash from customers. 

The controversy spurred a change in management, with former advertising boss Amrapali Gan taking up as CEO.

Gan stated in the annual report: ‘We are empowering creators to monetise their content material and have actual management over it.’

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

‘We will proceed to spend money on the creator economic system by enhancing security, creating authentic OFTV content material, and persevering with to develop our group of creators and followers.’

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