MEXICO CITY (apro).- OnlyFans shares skyrocketed last year and it was announced that the owner had earned 300 million dollars in dividends, but who owns the adult content platform?
His name is Leonid Radvinsky, he is 41 years old, lives in Florida and owns all the shares of the company. He is Ukrainian-American and is worth $2.1 billion.
In 2018, he bought the company from Guy and Tim Stokely, who had started the business two years earlier, investing $12,500. He paid millions for the company, but the exact amount is not known.
On LinkedIn, Radvinsky describes himself as a venture capitalist, philanthropist and tech entrepreneur with a special interest in emerging social media platforms.
He has a website, where he says he has spent 20 years building software companies and contributing to the open source movement.
The Daily Telegraph reported that his family moved to Chicago, United States, when he was a child. He now he lives in Florida, but nobody knows where.
According to Forbes it is a man, but the BBC reported that the data could not be confirmed.
Radvinsky studied economics at Northwestern University in Illinois. He graduated in 2002. He founded Cybertania, a company that offered passwords for adult content, including explicit images from the 1990s. He previously owned a successful adult webcam business.
OnlyFans is registered in the UK, although Radvinsky lives in the US. The reason is that the company’s CFO, Lee Taylor, lives in England.
In August 2023, the company reported a profit of $525 million, up from $432 million the year before. It has close to 239 million subscribers.
In 2021, BBC News reported that OnlyFans has failed to prevent the use of the platform by minors, where they sell and appear in explicit sexual videos. At the time, it ensured that its age verification systems went beyond regulatory requirements.