OnlyFans' Hidden Billionaire - How One Man Made a Fortune in 8 Years

Reviewed by:  Tripta Naveen

Written by:  Tabish Sultan

Credits: Leo Radvinsky, Facebook

Entertainment

Leonid Radvinsky bought OnlyFans in 2018. Since then, the platform has made him super rich. He now earns over £1 million daily just from its profits, making him one of the wealthiest online business owners.

Credits: Leo Radvinsky, Facebook

1. The Man Who Owns It

During lockdowns, many businesses struggled, but OnlyFans thrived. More people joined, creators signed up, and subscriptions soared, turning the site into a billion-dollar empire almost overnight.

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2. Pandemic Made It Boom

In 2019, OnlyFans handled £238 million in payments. By 2023, this number jumped to £5.3 billion. The site takes a 20% cut, meaning it made over £1 billion in one year alone, making it extremely profitable.

3. Huge Money Growth

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Some top OnlyFans creators make millions, but most earn very little. The average creator made just £1,291 in a year before fees and taxes, while Radvinsky earned over £1 billion in just five years.

4. Creators Earn Less

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OnlyFans employees get paid extremely well. In 2019, 11 staff members earned an average of £101,000 a year. By 2023, 42 employees were making an average salary of £482,000, showing massive growth.

5. Staff Get Big Salarie

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At its peak, 400,000 new creators joined OnlyFans monthly. By 2024, this dropped by 55% to 180,000. However, the platform still sees massive content uploads, with 300 million new posts in six months.

6. Fewer People Joining

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OnlyFans claims to strictly monitor content, yet the number of banned accounts doubled to 60,000 in 2024. Meanwhile, removed posts dropped from 557,000 in 2023 to just 323,000, raising many concerns.

7. Rules Are Tough, But…

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OnlyFans is still highly profitable, but growth is slowing. With fewer creators joining and increasing competition, many wonder if it will continue to dominate or start losing its top position soon.

8. What’s Next for OnlyFans?

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Thanks for Reading

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