The head of OnlyFans, a popular adult-content website based in the UK, reportedly rewarded himself with a staggering $1.3 million per working day in 2022. Leonid Radvinsky, a 41-year-old Ukrainian American entrepreneur who is the sole shareholder of the company, earned approximately $336 million in dividends last year, according to financial statements filed by OnlyFans’ parent company, Fenix International Limited. The recent filing with the Companies House, which functions similarly to the US Securities Exchange Commission, reveals that Radvinsky’s multi-million-dollar bonus is equivalent to about $1.3 million for each of the 260 work days in the year 2022. While Radvinsky’s salary was not disclosed in the filing, his net worth has skyrocketed to $2.1 billion, as reported by Forbes. OnlyFans experienced remarkable growth in 2021, generating $1.1 billion in revenue and $525 million in pre-tax profits. The platform witnessed a surge in user numbers, surpassing 188 million. Speaking on behalf of OnlyFans, CEO Keily Blair said, “These results affirm OnlyFans’ position as the leading platform for creators to monetize their content and engage with their fans. OnlyFans’ success is closely tied to the opportunities it offers creators in the Creator Economy.” OnlyFans operates as a subscription-based service, allowing creators to share exclusive content with their subscribers. The platform retains 20% of the payments made, while the remaining amount goes to the creators. Top earners such as Blac Chyna and Bella Thorne reportedly earn up to $20 million per month by sharing revealing photos of themselves, with subscribers paying $19.99 per month for access. While there is limited information available about Radvinsky’s personal life, it is known that he has a background in the adult industry and has made strategic acquisitions within the sector. In 2018, Radvinsky purchased a majority stake in OnlyFans after acquiring numerous porn-related URLs, including ultraxxxpasswords.com, sexhackers.com, and camwhores.com. Prior to this, he established MyFreeCams, a porn site featuring webcam models, while studying economics at Northwestern University. Radvinsky’s entrepreneurial endeavors have undoubtedly contributed to his substantial wealth and success in the adult entertainment industry.
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