The income earned by the owner of OnlyFans is astonishing! Known mostly for its sexual content, OnlyFans increased its profits 7 times thanks to users and content creators flocking to the platform during the global pandemic. Leonid Radvinsky, the owner of OnlyFans, earned about 500 million dollars in 2 years and was astonishing.
284 MILLION DOLLARS FROM ONLYFANS TO ITS OWNER IN 2021 AND 233 MILLION DOLLARS THIS YEAR…
According to the Financial Times, OnlyFans stated in its annual report that it declared a pre-tax profit of 433 million dollars by November 2021, which is seven times more than it earned in the previous year. The company announced that Radvinsky received $284 million in payments in 2021 and $233 million this year.
According to the annual report, OnlyFans has more than doubled its subscriber count and increased its creator count by more than a third. As a result, its revenue increased from $358 million to $932 million.
As reported, users spent $4.8 billion on the platform in 2021.
WHAT IS ONLYFANS?
Founded in 2016, London-based OnlyFans allows users to sell their content directly to their followers via subscription. The platform takes a 20% cut from the revenues of creators who earn between $5 and $20 per month. Although OnlyFans hosts a wide range of content, it is best known for sexual content.