OnlyFans owner paid himself $1 million a day in 2022

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By Kim Novak

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OnlyFans can be a lucrative business for some of its top creators - but its owner is also making a pretty penny from the platform's success, too.

The subscription-based platform sees creators charge their followers a monthly fee to access their content, with the option to pay more for exclusive content.

While not everyone makes the million-dollar profits the biggest stars on the platform do, those with a large following willing to part with their cash can make a seriously good living.

And Leonid Radvinsky - the Ukrainian-American businessman who owns OnlyFans - has also ended up earning over $1 million a day from the site.

According to People, Radvinsky received over $338 million in dividends in 2022, according to financial statements filed by the platform's parent company, Fenix International Ltd, which the publication says they have obtained.

Of the 260 working days of the year, Radvinsky therefore took home around $1.3 million a day - and that's on top of his base salary, which was not listed in the filings.

Nice work if you can get it!

Radvinsky is the majority owner of OnlyFans, having bought a 75% stake in its parent company, Fenix International Ltd in 2018 from its British founder Tim Stokely.

While OnlyFans wasn't launched as an adult site when it was created in 2016, it was after Radvinsky's takeover that the platform became primarily known for its adult content and has grown exponentially ever since.

The company reported a strong year in 2022, with revenue reaching $1.09 billion - up from $932 million in 2021, with its pre-tax profits increasing by 22%, from $432 million in 2021 to $525 million in 2022.

The site attracted a wealth of subscribers with payments made on the platform hitting a massive $5.6 billion and the number of creators sharing content behind the paywall increasing by 47%.

Thanks to the continued success of OnlyFans, Radvinsky's personal net worth is estimated at a huge $2.1 billion according to Forbes.

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OnlyFans has grown enormously since Radvinsky took it over in 2018. Credit: Davide Bonaldo/SOPA Images/LightRocket via Getty Images

OnlyFans has become synonymous with adult content due to the limited restrictions on what can be posted, as well as it being a way for creators to directly profit from their work.

It also gained more widespread appeal after a host of celebrities, including Bella Thorne and Blac Chyna, launched their own pages on the app.

Those with large platforms have mobilized their following to become paid subscribers on OnlyFans, earning them a lucrative extra income.

Chyna, who recently swore off posting adult content as part of her image and life overhaul, had been one of the platform's top creators with 12 million subscribers.

She had reportedly joined OnlyFans at a time when she was not receiving child support from Rob Kardashian or Tyga - the fathers of her two children - with her lawyer telling People it was an opportunity to "connect more directly and creatively with her fans."

Thorne, who reportedly has 1.1 million subscribers of her own, made a stir when she first joined OnlyFans, having earned a huge $1 million in her first 24 hours, which rose to $2 million after two weeks.

However, Thorne received backlash after she was accused of affecting the everyday, non-famous creators who were on the site to make a living, and the site has since capped the tips that fans can send creators as well as imposed limits on what creators can charge for pay-per-view posts, which has left many frustrated.

Featured image credit: John Phillips/Getty Images for OnlyFans

OnlyFans owner paid himself $1 million a day in 2022

vt-author-image

By Kim Novak

Article saved!Article saved!

OnlyFans can be a lucrative business for some of its top creators - but its owner is also making a pretty penny from the platform's success, too.

The subscription-based platform sees creators charge their followers a monthly fee to access their content, with the option to pay more for exclusive content.

While not everyone makes the million-dollar profits the biggest stars on the platform do, those with a large following willing to part with their cash can make a seriously good living.

And Leonid Radvinsky - the Ukrainian-American businessman who owns OnlyFans - has also ended up earning over $1 million a day from the site.

According to People, Radvinsky received over $338 million in dividends in 2022, according to financial statements filed by the platform's parent company, Fenix International Ltd, which the publication says they have obtained.

Of the 260 working days of the year, Radvinsky therefore took home around $1.3 million a day - and that's on top of his base salary, which was not listed in the filings.

Nice work if you can get it!

Radvinsky is the majority owner of OnlyFans, having bought a 75% stake in its parent company, Fenix International Ltd in 2018 from its British founder Tim Stokely.

While OnlyFans wasn't launched as an adult site when it was created in 2016, it was after Radvinsky's takeover that the platform became primarily known for its adult content and has grown exponentially ever since.

The company reported a strong year in 2022, with revenue reaching $1.09 billion - up from $932 million in 2021, with its pre-tax profits increasing by 22%, from $432 million in 2021 to $525 million in 2022.

The site attracted a wealth of subscribers with payments made on the platform hitting a massive $5.6 billion and the number of creators sharing content behind the paywall increasing by 47%.

Thanks to the continued success of OnlyFans, Radvinsky's personal net worth is estimated at a huge $2.1 billion according to Forbes.

wp-image-1263226002 size-full
OnlyFans has grown enormously since Radvinsky took it over in 2018. Credit: Davide Bonaldo/SOPA Images/LightRocket via Getty Images

OnlyFans has become synonymous with adult content due to the limited restrictions on what can be posted, as well as it being a way for creators to directly profit from their work.

It also gained more widespread appeal after a host of celebrities, including Bella Thorne and Blac Chyna, launched their own pages on the app.

Those with large platforms have mobilized their following to become paid subscribers on OnlyFans, earning them a lucrative extra income.

Chyna, who recently swore off posting adult content as part of her image and life overhaul, had been one of the platform's top creators with 12 million subscribers.

She had reportedly joined OnlyFans at a time when she was not receiving child support from Rob Kardashian or Tyga - the fathers of her two children - with her lawyer telling People it was an opportunity to "connect more directly and creatively with her fans."

Thorne, who reportedly has 1.1 million subscribers of her own, made a stir when she first joined OnlyFans, having earned a huge $1 million in her first 24 hours, which rose to $2 million after two weeks.

However, Thorne received backlash after she was accused of affecting the everyday, non-famous creators who were on the site to make a living, and the site has since capped the tips that fans can send creators as well as imposed limits on what creators can charge for pay-per-view posts, which has left many frustrated.

Featured image credit: John Phillips/Getty Images for OnlyFans