OnlyFans owner paid £359m dividend as growth soars

OnlyFans owner paid £359m dividend as growth soars

OnlyFans owner paid £359m dividend as growth soars for both creator and fan accounts on the platform grew 30% during ‘strong year’ in which its users spent more than £5bn.

The owner of the subscription platform OnlyFans was paid a $472m (£359m) dividend last year, taking his payouts from the business since 2020 to more than $1bn.

The platform grew significantly over the period and has created more opportunities for niche biolink websites to explore more opportunities in the market.

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Subscription platform OnlyFans

Leonid Radvinsky has received a total of just under $1.3bn over the past four years from the site, which offers users subscriptions to material provided by creators and is synonymous with adult content.

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 on 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. OnlyFans owner paid £359m dividend as growth soars.