Leonid Radvinsky, the owner of OnlyFans, amassed a staggering $338 million in dividends throughout 2022. Financial documents released by Fenix International Ltd., the parent company of the adult-content platform, revealed this impressive earnings milestone for the Ukrainian-American businessman.
Radvinsky’s personal earnings amounted to approximately $1.3 million for each of the 260 working days of the year. These dividends were in addition to his undisclosed salary, which was not detailed in the disclosed filings.
The platform reported a robust revenue of $1.09 billion, a substantial increase from the $932 million recorded in 2021. Additionally, pre-tax profits soared by 22%, reaching $525 million, up from the $432 million in the preceding year.
The platform’s gross payments totaled a remarkable $5.6 billion, while the community of content creators grew by an impressive 47%.
Radvinsky, a graduate of Northwestern University and aged 41, acquired OnlyFans from its founders, Guy and Tim Stokely, a father-and-son duo. His prosperous earnings in 2022 have propelled his personal net worth to an estimated $2.1 billion, according to Forbes.
Since its launch in 2016, OnlyFans has undergone a notable evolution. Initially not designed exclusively for adult content, the platform quickly transformed into a hub for NSFW (not safe for work) material due to its lenient content policies. A slew of celebrities, ranging from reality TV stars like Dorinda Medley and Sonja Morgan to well-known figures like Shanna Moakler and Jordyn Woods, have tapped into their fan bases to generate substantial income on the platform.