Leonid Radvinsky, the landlord of OnlyFans, paid himself $631m (£480m) over a length of just about two years as visitors on on-line platform endured to extend.Fenix Global, which owns the website online utilized by intercourse employees, musicians and celebrities, stated its pre-tax earnings have been $658m within the 12 months to November 2023, in accordance just lately filed accounts.Nearly 1,000,000 new content material creators and greater than 50 million new “enthusiasts” signed as much as the platform throughout the 12 months, an build up of 29%, the corporate stated.The newest effects come as OnlyFans is being investigated over if it is doing sufficient to forestall kids having access to pornography via its website online.Leonid Radvinsky, a Ukrainian-American proprietor of pornography websites, purchased the industry from its founders, Man and Tim Stokely, in 2018.The daddy and son group based the website online in Essex two years previous. Whilst it’s widely known for sexual content material, creators additionally center of attention on a lot of topics, together with health, song and comedy. In 2023 it introduced a pornography-free TV streaming provider.In its newest effects, the corporate stated its content material creators made $6.6bn in 2023, with OnlyFans taking a 20% charge from each and every author’s profits.Mr Radvinsky’s payday incorporated $472m of dividends as much as November 2023, and an extra $159m in following months. It comes on most sensible of the $338m he paid himself in 2022, bringing the full to almost $1bn prior to now 3 years. Forbes Mag now estimates his internet price at $3.8bn.The platform’s ordinary benefit is generated with a workforce of simply 41 other folks, and one director, its accounts say. Keily Blair, leader government of OnlyFans, stated 2023 have been a “robust 12 months” for the corporate.”We now have achieved this by way of proceeding to offer alternatives for our various author group to monetise their content material and develop their international fan base,” she stated.The website online is registered in the United Kingdom, with a head place of work in London, however Mr Radvinsky lives in Florida.Regulator Ofcom stated in Would possibly this is suspected it was once isn’t doing sufficient to prevent the ones underneath the age of 18 having access to pornographic subject material.On the time, OnlyFans stated it had skilled what it referred to as “a coding configuration factor”, which had had affected some “age thresholds” at the website online.Alternatively, it stated the ones thresholds have been all the time set above 20.
