- Leo Radvinsky obtained a $472 million dividend from OnlyFans in 2023.
- He purchased the enterprise in 2018 and has made $1.3 billion from it since 2020.
The low-profile proprietor of OnlyFans acquired one other good-looking payout final 12 months as its income boomed.
Leo Radvinsky, who purchased the subscription website in 2018, obtained a dividend cost of $472 million in 2023, in response to accounts printed Friday by its UK-based mother or father firm, Fenix International.
Radvinsky collected nearly 40% greater than in 2022, when he collected $338 million. He made greater than $500 million from the platform standard with grownup content material creators within the two years prior.
Forbes estimates Radvinsky’s web price at $3 billion. Since 2020, he is earned about $1.3 billion from OnlyFans, serving to the Ukrainian-American inch nearer to his dream of becoming a member of the ranks of superrich individuals who’ve signed The Giving Pledge and promised to present away most of their wealth.
The entrepreneur appears to get pleasure from holding a low profile however has shared on his private web site that he is coaching to be a helicopter pilot and lives in Florida.
Radvinsky has already engaged in philanthropy by donating $5 million to Ukraine aid efforts in 2022 and to charities that embrace Memorial Sloan Kettering Cancer Center and the animal welfare group West Suburban Humane Society, in response to his web site.
OnlyFans proved it is greater than only a pandemic darling as its income climbed by nearly a fifth final 12 months to $1.3 billion. Its whole variety of creators rose 29% final 12 months to 4.1 million, and its fan base elevated by 28% to 305 million.
The firm boomed through the pandemic as many individuals flocked to hitch the platform — the corporate reported a 75% improve in sign-ups between March and April 2020. According to firm filings, its person base greater than doubled from 2021 to 2022, when it had 188 million followers.
OnlyFans did not instantly reply to a request for remark from Business Insider.
