BENEFICIAL LOCKDOWN: THE OWNER OF ONLYFANS COMPANY BECAME A DOLLAR BILLIONAIRE

Leonid Radvinsky, who is currently the main owner of the OnlyFans service, has become a dollar billionaire. Three years ago, the entrepreneur acquired at least 75% of Fenix International Company, which in turn owns the service.

Currently, Forbes estimates the fortune of Radvinsky at $ 1.8 billion, and revenue of OnlyFans increased to $ 390 million for the past fiscal year. At the same time, the number of users ‘skyrocketed’ by 500%.

The service began to actively gain popularity after the outbreak of the pandemic, when the number of its users reached 120 million people, and the number of transactions increased sevenfold.

The main idea of OnlyFans is based on the provision of content in the form of photos and videos by private authors, for viewing which users pay monthly fees. Most of the money is received by the authors, and the service keeps only 20% of their income.

OnlyFans is widely popular in the field of erotic content, but is also used by musicians, fitness instructors and coaches.

The service was created 5 years ago by an English entrepreneur Timothy Stokely, and currently he is the CEO of the company.

Leonid Radvinsky, who owns the service, was born in Odessa. At a young age, he moved to the United States with his parents, and currently lives in Florida. The entrepreneur's official website states that he is always ready for a chess match and is a novice helicopter pilot.