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August 27, 2023

In 2022, OnlyFans Owner Leonid Radvinsky Earned Over $1 Million A Day

Last year, OnlyFans’ owner earned a substantial salary. As reported by people, Leonid Radvinsky, a Ukrainian-American entrepreneur, received more than $338 million in dividends in 2022.

Every 260 working days in 2022, Radvinsky will receive a nine-figure bonus, equivalent to approximately $1.3 million per day. The filings did not disclose the payments as part of his salary.

Financial statements indicate that OnlyFans had a successful year in 2022. In 2021, the company’s revenue was $932 million, while its pre-tax profits were $432 million. By 2022, they will have grown to $1.09 billion, up from $932 million in 2021.

The platform generated gross payments of $5.6 billion, and the number of creators sharing content grew by 47%. A Northwestern University alumnus, 41, recently purchased OnlyFans from its founders, Guy and Tim Stokely.

In light of Radvinsky’s windfall in 2022, Forbes estimates his net worth to be $2.1 billion.

Due to the limited restrictions on what content can be shared, OnlyFans became a hub for adult content, including pornography, even though it was not specifically designed to share NSFW content.

Since then, many celebrities have joined, often monetizing their existing fan bases. Stars from all walks of life have hopped onto the site, from former Housewives to Shanna Moakler and Jordyn Woods.

Tamron Hall reported in March that Chyna has ceased using OnlyFans despite its lucrative three-year run. According to her, she has scaled back on things that she no longer wants to do, including OnlyFans.

A few commitments, including the platform, which she has been “quietly withdrawing” from.

When she joined OnlyFans, her lawyer told people she didn’t get child support from Rob Kardashian or Tyga for her two kids, Dream Kardashian and King Cairo Stevenson, and that the site was a chance for her to “connect with fans more directly.”

While Thorne has made her mark on OnlyFans, her significant earnings incurred some backlash after her sizable earnings ended up causing some controversy.

Her actions were accused of disrupting a market where everyday content creators attempt to survive.

As a result, the site has capped the number of tips viewers could send creators and limited the amount creators could charge per pay-per-view post, resulting in frustration for many creators.

Despite Thorne’s apology, she said she was using her platform to help “others and advocate for something bigger.”

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