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
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.
Credits: FLUX-schnell
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.
Credits: FLUX-schnell
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.
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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.
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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.
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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.
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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.
Credits: FLUX-schnell
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Credits: tanamongeau, Instagram