Here is your Forbes Daily Briefing Bonus Story of the Week.

Today on Forbes, Only Fans Billionaire Owner pockets

472 million dollar 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 2023 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 dollars 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 dollars from 1 billion dollars in 2022,

and profits grew by a fifth to 485.4 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 $540.8 million from 522.1 million dollars 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 companies revenues,

totaling some $863 million in 2023.

Europe and the rest of the world account for $443.2 million.

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