today on Forbes only fans billionaire owner Pockets $472 million dividend Leonid radvinsky the billionaire owner of only fans earned more than $1. 2 million a day from the social media subscription site best known for hosting adult content annual accounts for only fans's British parent company Phoenix International show that the business paid a $472 million dividend to radvinsky in 23 after a surge in revenues and profits that's up from the previous year when the business paid radvinsky a 338 million dividend the new financials show that transactions processed over the platform grew $ 18. 9% to $6.
6 billion in 2023 only fans claims that around 80 cents of every dollar spent on the platform goes to its creators revenues also grew to 1. 3 billion from $1 billion in 2022 and profits grew by a fifth to $85. Million last year that growth stemmed largely from non-subscription based revenues one-time purchases of picks or videos that grew to $765 million in 2023 up from $567 6 million in 2022 subscription Revenue recorded a more modest increase of $54.
88 $22. 1 million in 2022 the total number of subscribers on the platform increased 28% from about 240 million to 305 million while the number of only fans creators jumped 29% from 3. 2 million to 4.
1 million the United States accounts for the bulk of the london-based company's revenues totaling some $863 million in 2023 Europe and the rest of the world account for $443. 20 full-time employees down from 52 it recorded in its 2022 accounts radvinsky a US citizen who was born in Ukraine and started his career running porn referral websites has taken $1 billion in dividends from only fans over the last 3 years Forbes now estimates rinsky's wealth at $3. 8 billion in 2018 radvinsky bought the then much smaller only fan site from its British Founders Tim stokeley and his father guy stokeley the sites boomed during the pandemic largely as a showcase for pornographic material but moved to ban sexually explicit content in August 2021 after coming under pressure from bank and credit card companies following reports it had hosted child sexual abuse content only fans reversed course just a few weeks later saying it had quote secured assurances necessary to support our diverse Creator Community the initial announcement of only fans's pivot Drw heavy criticism from the site's creators and sex work Advocates the British media regulator ofcom opened an investigation into only fans's age verification measures in May after the company revealed a quote technical glitch meant its minimum age threshold was set to 20 years old instead of 23 a separate Reuters investigation published in March detailed nearly 140 instances in which men and women complained sexually explicit content had been posted without their consent still only fans seems intent on broadening itself beyond the sex industry in 2021 the company launched ofv a YouTube Style video streaming platform promoting quote safe for work videos on Fitness cooking and music hosted by only fans creators for full coverage check out Ian Martin's piece on forbes.
