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☆ OnlyFans made its owner Leo Radvinsky $472 million last year as profits boomed
  + stars: | 2024-09-06 | by ( Jyoti Mann | ) www.businessinsider.com   time to read: +1 min
Leo Radvinsky received a $472 million dividend from OnlyFans in 2023. Go to newsletter preferences Thanks for signing up! AdvertisementThe low-profile owner of OnlyFans got another handsome payout last year as its profits boomed. Leo Radvinsky, who bought the subscription site in 2018, received a dividend payment of $472 million in 2023, according to accounts published Friday by its UK-based parent company, Fenix International. This story is available exclusively to Business Insider subscribers.
Persons: Leo Radvinsky, OnlyFans, —, Radvinsky Organizations: Service, Fenix, Business Locations: OnlyFans
☆ The low-key cofounder of OnlyFans has joined an airline startup
  + stars: | 2024-01-15 | by ( Jyoti Mann | ) www.businessinsider.com   time to read: +2 min
A cofounder of OnlyFans, Tom Stokely, has joined an airline startup as a director, filings show. Now he's part of Global Airlines, which will operate commercial flights on Airbus A380s this year. Stokely joined British startup Global Airlines after keeping a low profile since he sold the subscription site. Stokely set up OnlyFans, which is known mostly for its adult content, in 2016 with his brother, Tim. AdvertisementThe former banker met Global Airlines founder James Asquith last year , The Telegraph reported.
Persons: Tom Stokely, Stokely's, —, Stokely, Laurent, Perrier Champagne, Tim, Leo Radvinsky, James Asquith Organizations: Global Airlines, Airbus, Service, Fenix International, The Telegraph, British Airways, Virgin Locations: British, Ukrainian, American, Stokely, London, New York
☆ OnlyFans' reclusive owner made $338 million last year as the adult site's popularity surges
  + stars: | 2023-08-26 | by ( Jyoti Mann | ) www.businessinsider.com   time to read: +2 min
The owner of OnlyFans, Leo Radvinsky, made $338 million from the subscription site last year. The parent company's annual report also shows OnlyFans' creator and user base rose in 2022. AdvertisementAdvertisementThe owner of OnlyFans was paid $338 million in 2022 as the subscription site continued to gain traction with both creators and users. His personal website shows he has a venture capital firm that offers company founders investments up to $1 million. OnlyFans was founded in the UK in 2016 by Tim Stokely before he sold the company Radvinsky two years later.
Persons: OnlyFans, Leo Radvinsky, Radvinsky, He's, Tim Stokely Organizations: Fenix International, Forbes Locations: OnlyFans, webcams
☆ OnlyFans users spent more than $5 billion last year, as the number of creators surged 47%
  + stars: | 2023-08-24 | by ( Nathan Mcalone | ) www.businessinsider.com   time to read: +3 min
OnlyFans users spent $5.6 billion on the platform in 2022, up from $4.8 billion in 2021. The total number of creators also hit 3.2 million in 2022, up 47% from 2.2 million in 2021. Gross payments made through OnlyFans increased about 17%, from $4.8 billion in 2021 to $5.6 billion in 2022. This represents the amount of money that fans are paying OnlyFans creators for photos, videos, chats, and more. AdvertisementAdvertisementThe total number of OnlyFans creators and fans has also continued to grow:The number of total creators was 3.2 million in 2022, up 47% from 2.2 million in 2021.
Persons: OnlyFans, Bryce Adams, Fenix, Leo Radvinsky, Radvinsky, Keily Blair, Ami Gan Organizations: Morning, Fenix, Bloomberg Locations: OnlyFans
☆ OnlyFans now has more than 3 million content creators and is a 'global business', says the CEO
  + stars: | 2023-05-13 | by ( Jyoti Mann | ) www.businessinsider.com   time to read: +2 min
More than 3 million content creators are now signed up to subscription-based platform OnlyFans. CEO Ami Gan said it's identified Latin America and Australia as future growth markets. The company is now setting its sights on Latin America and Australia to further increase its numbers. "We're looking at growth for the business and Latin America is a huge part of that," Gan said. "We're seeing Latin America is a massive growth region for us and see that opportunity for creators to get exposure to a global audience."
☆ OnlyFans lost a legal battle meaning it's likely to pay UK sales tax on all the money made by its content creators
  + stars: | 2023-03-02 | by ( Jyoti Mann | ) www.businessinsider.com   time to read: +2 min
OnlyFans lost a battle at Europe's highest court over how much sales tax it should pay. The court ruled it should pay value-added tax on all revenues, and not just its 20% commission. The court sided with the UK tax body and the decision will shape a final ruling by a UK tribunal. Fenix International will likely need to pay sales tax, known as VAT, on all the revenues generated by OnlyFans creators – not just its 20% commission, Reuters reported. The court agreed with HMRC, the UK's tax authority, which told Fenix in April 2020 to pay VAT on revenue it generated between 2017 and 2020.
☆ OnlyFans loses UK VAT fight at EU top court
  + stars: | 2023-02-28 | by ( Foo Yun Chee | ) www.reuters.com   time to read: +1 min
BRUSSELS, Feb 28 (Reuters) - OnlyFans, an online platform known for adult content, should pay UK value added tax (VAT) on the full amount paid by subscribers to content creators, not only its 20% cut of the fees, Europe's top court said on Tuesday, siding with Britain's tax authority. Founded in 2016 and with more than 150 million users, OnlyFans' popularity has soared as content creators look to earn money by selling directly to paying subscribers. OnlyFans operator Fenix clashed with UK tax authorities after they ordered it to pay VAT on all the money paid by fans between 2017 and 2020, not just the 20% it took from creators for services such as collecting and distributing fees. The company took its grievance to a UK tribunal which then sought advice from the Court of Justice of the European Union (CJEU), Europe's highest. The CJEU judgment is final and the UK tribunal now has to examine the case in accordance with it and make its final ruling.
☆ Creator economy salaries: Pay data reveals how much 20 startups including Discord and Patreon offer employees
  + stars: | 2022-11-01 | by ( Ashley Rodriguez | Sydney Bradley | Dan Whateley | ) www.businessinsider.com   time to read: +19 min
To see how much jobs in the creator economy pay, Insider analyzed salary data from 142 work-visa applications filed with the US government and decided on between October 2020 and June 2022. The pay data includes salaries ranging from a data scientist position that offers $170,000 per year at Discord to a staff engineer role that earns $250,000 or more at Patreon. At Cameo, a principal software engineer would make $230,000Steven Galanis, CEO of Cameo. Senior Manager, DevOps : $140,000: $140,000 Statistician: $116,979 to $170,000 (Spotter said it internally calls this position "Data Analyst.") At Teachable, a senior software engineer would make $150,000Teachable is a platform where creators can build and sell online courses and coaching programs.
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