5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Investing

Onlyfans’ Ukrainian-born owner Radvinsky reaps £1bn from adult content platform

by
September 7, 2024
in Investing
0
Onlyfans’ Ukrainian-born owner Radvinsky reaps £1bn from adult content platform

OnlyFans, the subscription-based website best known for its adult content, has paid out £1 billion to its Ukrainian-born owner, Leonid Radvinsky, since he acquired the company six years ago.

The British platform’s parent company, Fenix International, reported a record $472 million (£358 million) dividend last year, contributing to the substantial payouts.

Radvinsky, a 42-year-old Ukrainian-American entrepreneur listed as the sole shareholder of Fenix International, has received $1.3 billion in dividends since 2020, including $159 million in the first four months of this year. He purchased OnlyFans in 2018 from its founders, Guy and Tim Stokely, who launched the site in 2016.

The latest dividend comes as OnlyFans’ 300 million users spent a record $6.6 billion on the platform, which hosts a variety of content from fitness and lifestyle videos to explicit adult material. The company takes a 20% cut of subscription and purchase fees, with the remaining 80% going to creators.

OnlyFans’ revenue rose by 20% to $1.3 billion in the year ending November 30, while profits surged by 25% to $658 million. The number of creator accounts on the platform grew by 29% to 4.1 million.

Radvinsky, originally from Odesa and now believed to reside in the US, maintains a low public profile. His personal website describes him as an “accomplished company architect, angel investor, philanthropist, and open source software supporter.” Prior to OnlyFans, he founded another adult site, MyFreeCams.

OnlyFans CEO Keily Blair hailed the company’s achievements in 2023, stating: “OnlyFans had a strong year in 2023. We have cemented our place as a leading digital entertainment company and a UK tech success story. We have done this by continuing to provide opportunities for our diverse creator community to monetise their content and grow their global fan base.”

Blair added that the company remains committed to investing in the creator economy, emphasising its focus on providing a “safe and innovative digital media platform” for both creators and fans.

Previous Post

Four million pensioners face council tax hike as single-person discount under threat

Next Post

Banks to gain new powers to freeze large payments for fraud checks

Next Post
Banks to gain new powers to freeze large payments for fraud checks

Banks to gain new powers to freeze large payments for fraud checks

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Benign inflation gives BSP room to cut

    Benign inflation gives BSP room to cut

    July 6, 2025
    Casino-resort operators may get slight boost from e-gambling crackdown

    Casino-resort operators may get slight boost from e-gambling crackdown

    July 6, 2025
    Gov’t debt service bill climbs in May — BTr

    Gov’t debt service bill climbs in May — BTr

    July 6, 2025
    Spatio revamps space to champion Filipino brands

    Spatio revamps space to champion Filipino brands

    July 6, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.