Dividend payments to Leo Radvinsky, a Ukrainian-American pornographer and Internet entrepreneur, were revealed by the UK-based company on Thursday as it revealed a sevenfold increase in profits. The payments of $284 million in 2021 and $233 million this year make Radwinski one of the highest-paid owners of an internet start-up in Britain and highlight OnlyFans’ explosive growth since the pandemic. OnlyFans allows content creators such as fitness instructors, musicians and sex stars to sell video clips, messages and articles directly to fans who pay between $5 and $50 a month, of which the band takes a 20% cut. In its annual report, the company revealed that pre-tax profit in the year to November 2021 jumped from $61 million to $433 million, while revenue rose from $358 million to $932 million. In total OnlyFans users spent nearly $4.8 billion on the platform in 2021 for porn, workout tips and cooking tips, most of which went directly to the creators. The publicity-shy Radvinsky made his fortune in online porn and live adult video sites before buying OnlyFans in 2018. Founders Tim Stokely, an Essex-based businessman, his father Guy, a former City of London banker, left the company at the end of last year. OnlyFans flourished because it allowed people with large social media followings to monetize content without having to rely on ads or promotions, a breakthrough for adult entertainers who struggled to get viewers to pay for a product that was available for free on many other sites.

OnlyFans’ profits now far exceed those of MindGeek, the adult entertainment empire behind sites like Pornhub and YouPorn. In recent years OnlyFans has tried to create a more mainstream brand, arguing that a growing number of its creators are selling non-sexual content. However, it is yet to reveal details of its revenue breakdown. The company faced a wave of criticism and ridicule last year when it unexpectedly banned pornography on the site before reversing the decision. Founder Stokely told the Financial Times at the time that the move was prompted by banks wary of being associated with pornography, flagging it and refusing payments to artists around the world. Amrapali Gan, Stokely’s successor as CEO of OnlyFans, said: “Our creator-first approach to building the world’s safest social media platform has propelled OnlyFans to a record for 2021.”

title: “Onlyfans Owner Earns 500M Windfall As Sex Worker Platform Booms Klmat” ShowToc: true date: “2022-12-02” author: “Spencer Geddes”

Dividend payments to Leo Radvinsky, a Ukrainian-American pornographer and Internet entrepreneur, were revealed by the UK-based company on Thursday as it revealed a sevenfold increase in profits. The payments of $284 million in 2021 and $233 million this year make Radwinski one of the highest-paid owners of an internet start-up in Britain and highlight OnlyFans’ explosive growth since the pandemic. OnlyFans allows content creators such as fitness instructors, musicians and sex stars to sell video clips, messages and articles directly to fans who pay between $5 and $50 a month, of which the band takes a 20% cut. In its annual report, the company revealed that pre-tax profit in the year to November 2021 jumped from $61 million to $433 million, while revenue rose from $358 million to $932 million. In total OnlyFans users spent nearly $4.8 billion on the platform in 2021 for porn, workout tips and cooking tips, most of which went directly to the creators. The publicity-shy Radvinsky made his fortune in online porn and live adult video sites before buying OnlyFans in 2018. Founders Tim Stokely, an Essex-based businessman, his father Guy, a former City of London banker, left the company at the end of last year. OnlyFans flourished because it allowed people with large social media followings to monetize content without having to rely on ads or promotions, a breakthrough for adult entertainers who struggled to get viewers to pay for a product that was available for free on many other sites.

OnlyFans’ profits now far exceed those of MindGeek, the adult entertainment empire behind sites like Pornhub and YouPorn. In recent years OnlyFans has tried to create a more mainstream brand, arguing that a growing number of its creators are selling non-sexual content. However, it is yet to reveal details of its revenue breakdown. The company faced a wave of criticism and ridicule last year when it unexpectedly banned pornography on the site before reversing the decision. Founder Stokely told the Financial Times at the time that the move was prompted by banks wary of being associated with pornography, flagging it and refusing payments to artists around the world. Amrapali Gan, Stokely’s successor as CEO of OnlyFans, said: “Our creator-first approach to building the world’s safest social media platform has propelled OnlyFans to a record for 2021.”