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OnlyFans Owner Paid Himself $338 Million in Bonuses Last Year

Simon Osuji by Simon Osuji
August 29, 2023
in Business
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OnlyFans Owner Paid Himself $338 Million in Bonuses Last Year
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The owner of the prominent adult content creator website, OnlyFans, paid himself $338 billion worth of bonuses just last year alone. Leonid Ravinsky, the 41-year-old owner of the platform, paid himself more than $1 million in bonuses for every day he worked in 2022. 

Ravinsky is the sole shareholder of the website and added $336 million in dividends in 2022. Subsequently, the information was gleaned from filings by OnlyFan’s parent company, Fenix International Limited, that were made on Thursday. Therefore, displaying the owner’s robust, nine-figure bonus.

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OnlyFans Owner Gave Himself $338 Million Bonuses for 2022

In a filing made on Thursday, it was revealed that OnlyFans owner Leonid Ravinsky gave himself a $338 million bonus in 2022. The 41-year-old granted himself a $1.3 million payday for every working day last year, according to the New York Post.

Although his bonus payment was available, Radvinsky did not list his salary on the filing. However, those massive bonus payments have led the OnlyFans owner’s net worth to exceed the $2 billion threshold, according to Forbes.

OnlyFans owner, Leonid Radvisnky, paid himself $338 million in bonuses last year, according to a filing made today.
Source: BBC

Also Read: Is Ethereum Better Than Bitcoin?

The adult content creation platform is undeniably successful. Last year, the platform brought in over $1 billion in revenue. Moreover, those figures equated to $525 million in profits before taxes for the company. Subsequently, payments that were made through the platform exceeded $5 billion. Overall, it outperformed the company’s recorded figures for 2021. 

The user base of the website has also increased. Specifically, it more than doubled, reaching the 188 million mark last year. The platform allows adult content creators to offer content through a subscription model. OnlyFans takes 20% of all payments that are made through the platform, with the rest of the funds going to the creator. 

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