DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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Who is Leonid Radvinsky?
Well he is the owner of OnlyFans, and he personally made over $300M last year.
He actually managed to pay himself over $1 million a day in 2022, via dividends.
I find that absolutely incredible.
How profitable is OnlyFans?
For the uninitiated, lets talk about what OnlyFans is all about.
Originally launched in 2016, OnlyFans wasn’t initially intended for sharing NSFW (not safe for work) content.
It was supposedly just meant for content creators to engage and interact with fans more personally.
However, due to its lenient content policies, it quickly became a hub for adult content, including explicit material.
Fast forward to 2022, and OnlyFans had a ultra-stellar year, financially speaking.
The platform’s revenue skyrocketed to a staggering $1.09 billion, up from $932 million in 2021.
Pre-tax profits saw a 22% increase, reaching $525 million.
Gross payments on the platform totaled a mind-boggling $5.6 billion, and the number of creators sharing content on the site grew by a whopping 47%.
In the midst of this financial boom, Leonid Radvinsky, a Ukrainian-American businessman, quietly paid himself over $338 million in dividends.
To put it in perspective, that’s roughly $1.3 million for each of the 260 working days in 2022.
And this jaw-dropping sum is separate from his undisclosed salary.
Now, you might be wondering why Radvinsky chose dividends over a salary.
It’s a move that’s not uncommon among business owners and can have significant tax advantages.
By taking dividends, Radvinsky likely reduced his tax liability compared to a traditional salary.
All rich men and billys do that.
Ask Trump and he would tell you.
OnlyFans, which is a platform known for its adult content, has been used by a growing number of celebrities to tap into their existing fanbases and rake in substantial earnings.
From former Housewives like Dorinda Medley and Sonja Morgan to Shanna Moakler and Jordyn Woods, stars from various industries have ventured into the adult-only realm.
“Among the platform’s top performers are Blac Chyna and Bella Thorne, who boast 12 million and 1.1 million subscribers, respectively, according to the New York Post.”
Bella Thorne, on the other hand, made waves by earning an impressive $1 million in just 24 hours after joining OnlyFans, ultimately amassing $2 million in two weeks.
Leonid is not just a businessman; he’s also a venture capitalist, philanthropist, and technology entrepreneur with a keen interest in emerging social media platforms.
His personal net worth now stands at an estimated $2.1 billion, according to Forbes.
Despite the financial success of OnlyFans, the platform has faced criticism and scrutiny for its content policies, especially concerning the exploitation of minors.
Regulators and governments have taken notice and are scrutinizing the platform’s practices more closely.
Is the success of OnlyFans a sustainable business model, especially in an era where scrutiny over content is intensifying?
Look at what is happening to TikTok and Meta.
The windows are closing on such platforms very unkindly.
-
Is OnlyFans a good business?
-
#content #influencers #billionaires #creators #money #OnlyFans #LeonidRadvinsky #ContentCreators #DigitalEthics #SustainableBusiness
Who is Leonid Radvinsky?
Well he is the owner of OnlyFans, and he personally made over $300M last year.
He actually managed to pay himself over $1 million a day in 2022, via dividends.
I find that absolutely incredible.
How profitable is OnlyFans?
For the uninitiated, lets talk about what OnlyFans is all about.
Originally launched in 2016, OnlyFans wasn’t initially intended for sharing NSFW (not safe for work) content.
It was supposedly just meant for content creators to engage and interact with fans more personally.
However, due to its lenient content policies, it quickly became a hub for adult content, including explicit material.
Fast forward to 2022, and OnlyFans had a ultra-stellar year, financially speaking.
The platform’s revenue skyrocketed to a staggering $1.09 billion, up from $932 million in 2021.
Pre-tax profits saw a 22% increase, reaching $525 million.
Gross payments on the platform totaled a mind-boggling $5.6 billion, and the number of creators sharing content on the site grew by a whopping 47%.
In the midst of this financial boom, Leonid Radvinsky, a Ukrainian-American businessman, quietly paid himself over $338 million in dividends.
To put it in perspective, that’s roughly $1.3 million for each of the 260 working days in 2022.
And this jaw-dropping sum is separate from his undisclosed salary.
Now, you might be wondering why Radvinsky chose dividends over a salary.
It’s a move that’s not uncommon among business owners and can have significant tax advantages.
By taking dividends, Radvinsky likely reduced his tax liability compared to a traditional salary.
All rich men and billys do that.
Ask Trump and he would tell you.
OnlyFans, which is a platform known for its adult content, has been used by a growing number of celebrities to tap into their existing fanbases and rake in substantial earnings.
From former Housewives like Dorinda Medley and Sonja Morgan to Shanna Moakler and Jordyn Woods, stars from various industries have ventured into the adult-only realm.
“Among the platform’s top performers are Blac Chyna and Bella Thorne, who boast 12 million and 1.1 million subscribers, respectively, according to the New York Post.”
Bella Thorne, on the other hand, made waves by earning an impressive $1 million in just 24 hours after joining OnlyFans, ultimately amassing $2 million in two weeks.
Leonid is not just a businessman; he’s also a venture capitalist, philanthropist, and technology entrepreneur with a keen interest in emerging social media platforms.
His personal net worth now stands at an estimated $2.1 billion, according to Forbes.
Despite the financial success of OnlyFans, the platform has faced criticism and scrutiny for its content policies, especially concerning the exploitation of minors.
Regulators and governments have taken notice and are scrutinizing the platform’s practices more closely.
Is the success of OnlyFans a sustainable business model, especially in an era where scrutiny over content is intensifying?
Look at what is happening to TikTok and Meta.
The windows are closing on such platforms very unkindly.
-
Is OnlyFans a good business?
-
#content #influencers #billionaires #creators #money #OnlyFans #LeonidRadvinsky #ContentCreators #DigitalEthics #SustainableBusiness
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