Onlyfans boss: He earns $1.3 million every day

2023-08-25 09:54:00

He makes $1.3 million every day

3.2 million “content creators” and 239 million registered “fans” flush the erotic platform a huge amount of money into the coffers – especially into that of owner Leonid Radvinsky. This is revealed in the company’s most recent financial statements.

Posted today at 11:54 am

Multi-millionaire with pornography and nudity: Leonid Radvinsky bought Onlyfans in 2018.

Quelle: Onlyfans

Onlyfans is considered a marketplace for adult performers who upload their own image or video material. The company is praised for providing sex workers with a safer place to do business. They are allowed to keep 80 percent of the income, the remaining 20 percent goes to the company and in particular to Leonid Radvinsky. The 41-year-old Ukrainian-American head of the adult platform has been the sole shareholder of the company since 2018, which was founded by the Stokely family in the UK two years earlier.

Last year, Radvinsky paid out $338 million (about $300 million) in dividends. This is shown by the company’s annual financial statements, which were submitted on Thursday. The British daily newspaper “Guardian” makes it clear: That corresponds to 1.3 million US dollars per working day.

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The British tax authorities are also rubbing their hands. The site’s revenue grew to $1.1 billion from $932 million in 2021. The British Treasury thus received 121 million US dollars in taxes. The company employs 53 people. That means Onlyfans made more than $20 million per employee. Here, too, one or the other pound of taxes for the state will be added.

Last year’s dividend brings the total amount the reclusive Radvinsky has earned from the site over the past three years to $889 million, the newspaper continues.

The busy porn baron with dubious activities

For a long time, Radvinsky traded in the shadow of the porn industry. After immigrating to Chicago with his family from Ukraine, he founded a company called Cybertania at the age of 17. According to a 2021 Forbes business magazine article, in the early 2000s, Cybertania operated some websites that marketed hacked and illegal passwords for porn sites. A website contained a link that advertised more than 10,000 “illegal passwords for young people”. Another website is to link to “the hottest sodomy website on the Internet”.

According to Forbes, which gave Radvinsky the nickname porn baron, there was no evidence that the websites were actually linked to illegal content. But she made money thanks to the so-called affiliate links – links to business partners; when users click on it, the commission box will ring.

Other projects and especially purchases of domain names followed. As of 2014, Radvinsky is said to have owned at least 950 pornographic-related domain names. In April last year estimated «Forbes» his net worth to $1.2 billion. His assets included a mansion in Florida and a penthouse in Chicago.

Little is known about Radvinsky’s personal life and activities, aside from what he says on his personal website reveals. He supports open source software platforms and is an active philanthropist. One of his goals is to become rich enough to “one day be able to ‹The Giving Pledge› to sign,” it says on its website. He wants to join the super-rich who have pledged to donate most of their wealth to charities, including Bill Gates, Warren Buffett and Amazon founder Jeff Bezos’ ex-wife MacKenzie Scott, among others.