How porn videos "gave" $517 million to the owner of OnlyFans

2022-10-24 14:53:00, Kuriozitete CNA

How porn videos "gave" $517 million to the owner of OnlyFans

Leonid Radvinsky, owner of the social media subscription service OnlyFans, which is known for its pornographic content, has received more than $500 million in dividends since the end of 2020. 

In 2021, the company posted pre-tax profits of $433 million, an amount seven times higher than in 2020. For this period, Radvinsky — as the sole shareholder — received $284 million in dividends, while another $233 million he received for first eight months of 2022. Total $517 million.

Founded in 2016, the London-based company is an online platform where users can create content (videos) for which they are paid based on traffic and views. 

Although the content is varied and varied across multiple categories, the service is particularly popular for pornography, as many users opt for these types of videos to attract visitors and earn money. 

Within 2021, that is, at the height of the pandemic crisis, OnlyFans managed to double the number of registered users, increasing the number of creators by at least 1/3. 

Today, as a result, the app has 2 million content creators and 130 million users, while Radvinsky's future plans include the launch of a new video streaming service "OFTV". /CNA.al

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