OnlyFans owner pays himself $1.3M a day from adult-content site
The owner of UK-based adult-content site OnlyFans reportedly paid himself $1.3 million in bonus money for every working day in 2022.
Leonid Radvinsky, the 41-year-old Ukrainian American owner and sole shareholder of the company, raked in roughly $336 million in dividends last year, according to financial statements filed by OnlyFans parent company Fenix International Limited.
The filing Thursday with the Companies House — which functions similarly to the US Securities Exchange Commission — shows Radvinsky’s nine-figure bonus equates to about $1.3 million for each of the 260 work days in 2022.
Radvinsky’s salary was not listed in the filing.
But the eye-watering payouts have brought Radvinsky’s net worth up to $2.1 billion, according to Forbes.
OnlyFans recorded $1.1 billion in revenue and $525 million in pre-tax profits last year as payments made through the platform hit $5.6 billion, marking gains across the board from earnings in 2021.
Its user base also more than doubled in the last year to 188 million.
“These results reinforce OnlyFans’ position as the market leading creator monetization platform and reflect the impact OnlyFans continues to have on the Creator Economy,” OnlyFans CEO Keily Blair told The Post on Friday.
“OnlyFans’ success is inextricably linked to the opportunities creators have to [monetize] their content and connect with their fans on our platform.”
The site features creators who make and post exclusive content through a subscription-based service.
OnlyFans keeps 20% of any payments made on the platform, and the rest goes to creators.
Top earners like Blac Chyna and Bella Thorne — who boast 12 million and 1.1 million subscribers on OnlyFans, respectively — have been rumored to make monthly earnings up to $20 million for sharing photos of the stars in skimpy clothing.
Subscribers can buy Chyna or Thorne’s NSFW content for $19.99 per month.
Little is known about Radvinsky’s personal life aside from his professional background in the porn industry, and he remains largely out of the limelight.
After emigrating from Ukraine to a suburb of Chicago with his family, he set up a small empire of websites that provided users with “hacked” passwords to “illegal” porn sites that featured underage performers, gambling and other gray-market activities, according to Forbes.
At just 17 years old, Radvinsky was running this 11-site network, which was called Cybertania and promised things like “the hottest underage hardcore” and “the hottest bestiality site on the web.”
There wasn’t any evidence suggesting the sites actually linked to illegal content, per Forbes, but the sites were extremely successful into scamming users into clicking affiliate links, at which point Radvinsky would earn money.
Court filings suggest that Radvinsky earned as much as $5,000 a day from just one of the sites in Cybertania’s network — equivalent to $1.8 million for the year, Forbes reported.
Then in 2002, while studying economics at Northwestern University, Radvinsky founded MyFreeCams, a porn site that featured “models” who got naked and offered sexual performances on webcams.
After graduation, he went on to buy at least 950 porn-related URLs, including ultraxxxpasswords.com, sexhackers.com and camwhores.com, Adobe’s document archive DocumentCloud shows.
It wasn’t until 2018 that Radvinsky bought a majority stake in OnlyFans — two years after it was founded by Guy Stokely, his brother Thomas and his son Timothy in London.
