The owner of OnlyFans, an explicit adult content site, reportedly paid himself $1.3 million in bonus money for every 260 working days in 2022.
Leonid Radvinsky, 41, is the owner and shareholder of the lewd site. In 2022, he raked in $336 million in dividends, according to financial statements filed by Fenix International Limited, and reported by One America News (OAN). Since 2020, Radvkinsky has collected $889 million from OnlyFans, according to OAN.
Every. Single. Time.
"OnlyFans owner Leonid Radvinsky pays himself $338m in dividends
Company’s 2022 accounts show pre-tax profits up by 22%, as Radvinsky pays himself $889m over three years"https://t.co/Wt2G2yBs1A pic.twitter.com/MVUQw1M2fj
— Cub Bearson (@Cub_Bearson) August 24, 2023
Such mind-boggling payouts increased Radvinsky’s net worth to $2.1 billion, Forbes reported.
In 2022, OnlyFans garnered $1.1 billion in revenue and $525 million in pre-tax profits, as payments through the platform hit a whopping $5.6 billion, as reported by the New York Post.
“These results reinforce OnlyFans’ position as the market leading creator monetization platform and reflect the impact OnlyFans continues to have on the Creator Economy,” OnlyFans CEO Keily Blair told the New York Post.
The site allows adult creators to submit their inappropriate, lewd content. In exchange, the creators keep 80% of revenue generated by their videos, while 20% goes to OnlyFans, thereby helping the company preserve its business. A substantial amount of the 20% is allocated toward Radvinsky’s income, according to OAN.
OnlyFans was initially founded by the Stokely family in 2016 but was sold to Radinsky in 2018.
As of August 2023, the site has over 3 million content creators, up from 2.1 million in 2022. OnlyFans also has nearly 240 million subscribers, an increase from the 188 million in 2021.
With that said, the company has lost a couple of its employees since 2022. There are currently only 53 workers in OnlyFans, down from 61 in 2022. The lewd site recorded having made over $20 million per employee.
“In the financial year ending November 30 2022, OnlyFans recorded sustained growth and profitability,” the company said in the filing for its parent company, Fenix International. “This reflects both the platform growth, in terms of number of content creators and fans, as well as growth in existing content creators earnings.”
OnlyFans has “revolutionized the creator economy by committing to build the safest social media platform and providing unparalleled opportunities to content creators and fans,” according to the company’s Chief Financial Officer, Lee Taylor.
