Owner of OnlyFans paid $631m as subscriptions rise

Published On Sep 6, 2024, 3:10 PM

Leonid Radvinsky, the owner of OnlyFans, has paid himself $631 million over almost two years as the platform saw a surge in subscriptions and profits. OnlyFans reported a pre-tax profit of $658 million for the year ending November 2023, alongside a 29% increase in new content creators and fans. The platform, known for adult content, has diversified with offerings such as a pornography-free TV streaming service. However, it is currently under investigation for inadequate measures to prevent underage access to its content. Radvinsky's payday brings total personal earnings from the company to nearly $1 billion in three years, as the platform generates significant revenue with a small staff.