Owner of OnlyFans paid $631m as subscriptions rise

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Leonid Radvinsky, the proprietor of OnlyFans, paid himself $631m (£480m) implicit a play of astir 2 years arsenic postulation connected online level continued to increase.

Fenix International, which owns the tract utilized by enactment workers, musicians and celebrities, said its pre-tax profits were $658m successful the twelvemonth to November 2023, according precocious filed accounts.

Almost 1 cardinal caller contented creators and much than 50 cardinal caller "fans" signed up to the level during the year, an summation of 29%, the institution said.

The latest results travel arsenic OnlyFans is being investigated implicit whether it is doing capable to forestall children accessing pornography done its site.

Leonid Radvinsky, a Ukrainian-American proprietor of pornography sites, bought the concern from its founders, Guy and Tim Stokely, successful 2018.

The begetter and lad squad founded the tract successful Essex 2 years earlier.

While it is good known for intersexual content, creators besides absorption connected a fig of subjects, including fitness, euphony and comedy. In 2023 it launched a pornography-free TV streaming service.

In its latest results, the institution said its contented creators made $6.6bn successful 2023, with OnlyFans taking a 20% interest from each creator's earnings.

Mr Radvinsky's payday included $472m of dividends up to November 2023, and a further $159m successful pursuing months.

It comes connected apical of the $338m helium paid himself successful 2022, bringing the full to much than $1bn successful the past 3 years. Forbes Magazine present estimates his nett worthy astatine $3.8bn.

The platform's bonzer nett is generated with a unit of conscionable 41 people, and 1 director, its accounts say.

Keily Blair, main enforcement of OnlyFans said 2023 had been a "strong year" for the company.

"We person done this by continuing to supply opportunities for our divers creator assemblage to monetise their contented and turn their planetary instrumentality base," she said.

The tract is registered successful the UK, with a caput bureau successful London, but Mr Radvinsky lives successful Florida.

Regulator Ofcom said successful May that is suspected it was is not doing capable to halt those nether the property of 18 accessing pornographic material.

At the time, OnlyFans said it had experienced what it called "a coding configuration issue", which had had affected immoderate "age thresholds" connected the site.

However, it said those thresholds were ever acceptable supra 18.

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