OnlyFans is currently defined as a platform where a user can access exclusive multimedia content from creators in exchange for a paid subscription.
This portal mainly focused on sexual and obscene content and was a stage where different personalities could gain a lot of fame and transfer large sums of money.
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According to the business magazine Business Insider, OnlyFans had total assets of $932 million in 2021largely thanks to the percentage the platform charges creators for each subscription.
And considering that the pornography industry is one of the most lucrative industries on the Internet, this phenomenon makes sense. According to FBI figures, porn generated more than $100 billion in revenue in the same year.
However, the beginning of OnlyFans is far from the global phenomenon it is today because initially the platform was a more versatile tool and focused mostly on all types of subscription content used by independent artists.
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Everything changed in 2018 with the arrival of Ukrainian-American businessman and adult filmmaker Leo Radvinsky. It bought 75 percent of the platform and gradually changed its focus to OnlyFans, until it became what it is today.
Currently, while much is known about this business, very little is known about the tycoon’s story that redefined the adult content business and took it to another level.
Leonid Radvinsky was born in Odessa, Ukraine in May 1982, to a Jewish family. But at a very early age he would move from Eastern Europe to the United States, where he would have a normal childhood.
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However, his name didn’t start appearing until 2002, but not for the best of reasons. Before porn became a well-established business on the Internet, Radvinsky had a small group of websites that allowed illegal access to passwords. all to be able to access pages of adult content.
These sites were so common and famous in the late 1990s and early 2000s that not only pornography but also gambling and illicit markets were accessible.
According to ‘Forbes’ magazine, Radvinsky created more than 11 illegal password sites in the 1990s through his company Cybertania. Among these sites was Password Universe, which posted a link that allowed various pedophiles to have at their disposal more than 10,000 passwords to access child pornography.
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However, according to the Internet Monitoring Foundation (IFW), there was no relationship between the Ukrainian company and illegal erotic material. Everything, at that time, these sites functioned as a way to make money by charging real porn sites for every click.
The job earned him an average of $5,000 a day in 2002, or about $2 million a year.
Radvinsky had been in business anonymously for twenty years; however, he also ventured into another group of sites targeting people interested in accessing obscene celebrity content.
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In 2003 and 2004, Microsoft and Amazon sued the Ukrainian in Seattle district court for spam campaigns that used Jeff Bezos’ company names and email tools from Bill Gates’ company. to send messages offering “free government money” or links to pornographic websites to random recipients.
The defeat in the legal process meant that the Radvinsky sites were unable to use any of the resources of either company. He was also sued by a model for using her picture on one of the porn sites.
But the computer scientist’s big comeback was when he bought OnlyFans in October 2018, and it hasn’t stopped growing ever since, not just thanks to independent creators but a variety of celebrities as well.
personalities like Cardi B, Fat Joe, Tyga or Rebecca Minkoff also messed with OnlyFans continue to grow its already multimillion-dollar revenue, which has helped the platform grow even further and position itself as one of the most recognizable adult content sites worldwide.
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Source: Exame
