Leonid Radvinsky, the proprietor of OnlyFans, paid himself $631m (£480m) over a interval of just about two years as visitors on on-line platform continued to extend.
Fenix Worldwide, which owns the location utilized by intercourse employees, musicians and celebrities, mentioned its pre-tax earnings had been $658m within the yr to November 2023, in accordance not too long ago filed accounts.
Nearly a million new content material creators and greater than 50 million new “followers” signed as much as the platform in the course of the yr, a rise of 29%, the corporate mentioned.
The newest outcomes come as OnlyFans is being investigated over whether it is doing enough to prevent children accessing pornography through its site.
Leonid Radvinsky, a Ukrainian-American proprietor of pornography websites, purchased the enterprise from its founders, Man and Tim Stokely, in 2018.
The daddy and son staff based the location in Essex two years earlier.
Whereas it’s well-known for sexual content material, creators additionally give attention to various topics, together with health, music and comedy. In 2023 it launched a pornography-free TV streaming service.
In its newest outcomes, the corporate mentioned its content material creators made $6.6bn in 2023, with OnlyFans taking a 20% payment from every creator’s earnings.
Mr Radvinsky’s payday included $472m of dividends as much as November 2023, and an extra $159m in following months.
It comes on prime of the $338m he paid himself in 2022, bringing the entire to greater than $1bn up to now three years. Forbes Journal now estimates his internet value at $3.8bn.
The platform’s extraordinary revenue is generated with a employees of simply 41 folks, and one director, its accounts say.
Keily Blair, chief govt of OnlyFans mentioned 2023 had been a “robust yr” for the corporate.
“We have now performed this by persevering with to supply alternatives for our various creator group to monetise their content material and develop their world fan base,” she mentioned.
The positioning is registered within the UK, with a head workplace in London, however Mr Radvinsky lives in Florida.
Regulator Ofcom said in May that’s suspected it was will not be doing sufficient to cease these underneath the age of 18 accessing pornographic materials.
On the time, OnlyFans mentioned it had skilled what it referred to as “a coding configuration challenge”, which had had affected some “age thresholds” on the location.
Nonetheless, it mentioned these thresholds had been all the time set above 18.
