OnlyFans: Who is Leonid Radvinsky, the elusive owner of a porn empire?

1 year ago 19

Leonid RadvinskyImage source, Leonid Radvinsky via LinkedIn

OnlyFans' profits person skyrocketed successful the past twelvemonth and quality that its proprietor earned much than $300m (£238m) successful dividends has ignited caller questions astir the pornography mogul.

Leonid Radvinsky is simply a 41-year-old Ukrainian-American entrepreneur with an estimated nett worthy of $2.1bn.

He bought the institution successful 2018 from begetter and lad team, Guy and Tim Stokely, who had started it 2 years earlier with a £10,000 ($12,500) investment.

He's thought to person paid millions of pounds for it. But who is he, and wherever has his wealth travel from?

What bash we cognize astir him?

To enactment it bluntly, precise little. Despite the premise of the level helium owns, Mr Radvinsky chooses to support his idiosyncratic beingness private. He has not fixed galore interviews.

Yet contempt an evident aversion to publicity, determination are hints astir his beingness connected a LinkedIn illustration and a idiosyncratic website.

According to his LinkedIn, Mr Radvinsky is simply a task superior investor, philanthropist and exertion entrepreneur who has "a peculiar involvement successful emerging societal media platforms".

On his ain website, Mr Radvinsky says helium has spent the past 2 decades "building bundle companies and contributing to the unfastened root movement".

Born successful the Ukrainian larboard metropolis of Odesa, Mr Radvinsky's institution donated to the alleviation effort successful Ukraine utilizing cryptocurrency, and the real-terms worth of the donation successful 2022 came to much than $1.3m, according to CoinDesk.

Mr Radvinsky says helium donates "a immense magnitude of time, effort and wealth to non-profit causes," similar charities and technological endeavours.

Outside of programming and philanthropy, helium "is an avid scholar who's ever acceptable for a chess lucifer and is an aspiring chopper pilot," his website says.

Where does helium live?

His household moved to the United States erstwhile helium was a kid and they settled successful Chicago, the Daily Telegraph reported. He present lives successful "sunny Florida" but we bash not cognize precisely where.

The billionaire is described by Forbes arsenic a joined man, but the BBC has been incapable to verify the individuality of his spouse.

Business history

OnlyFans is not Mr Radvinsky's archetypal concern linked to the pornography industry.

Mr Radvinsky studied economics astatine Northwestern University, adjacent Chicago, Illinois, and graduated successful 2002. Since then, the entrepreneur has delved into respective projects.

Prior to becoming the sole shareholder of OnlyFans' genitor company, Fenix, helium founded a website referral concern called Cybertania.

According to Forbes, the concern offered users links to passwords for content, including pornography, opening successful the precocious 1990s.

Before stepping successful to bargain OnlyFans, helium besides owned a palmy big webcam business.

Mr Radvinsky did not respond to a BBC petition for interview.

What is the institution down OnlyFans?

Fenix, the concern that owns OnlyFans, is inactive registered successful the UK contempt Mr Radvinsky being based successful the US.

But the company's main fiscal officer, Lee Taylor, is based successful the UK, according to Companies House records.

Public records amusement capitalist and laminitis Guy Stokely resigned from OnlyFans' genitor company, Fenix, successful December 2021.

In the aforesaid month, Tim Stokely, Guy's son, stepped down arsenic OnlyFans' main enforcement to "pursue caller endeavours".

Under Mr Radvinsky's ownership, OnlyFans has flourished. It is nary longer solely associated with pornography and immoderate of its biggest creators lone station safe-for-work content.

How overmuch wealth does OnlyFans make?

The London-registered steadfast said successful August 2023 that pre-tax profits for the play reached $525m, up from $432m the erstwhile year.

In the past twelvemonth unsocial the fig of creators connected OnlyFans jumped by 47% to astir 3.2 million, portion the fig of users roseate by 27% to adjacent to 239 million.

But the level has besides faced disapproval and renewed attraction from regulators and governments.

BBC News reported successful 2021 that OnlyFans was failing to forestall underage users from selling and appearing successful explicit videos.

OnlyFans said astatine the clip that its property verification systems went implicit and supra regulatory requirements.

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