The billionaire owner of Nurfans tries to sell site, but cannot find a buyer: Report | Deployment

Leonid Radvinsky only bought fans in 2019, but would like to sell the platform to 3.8 billion US dollars even after lifting its net assets, said the New York Post and quoted three sources near the situation.

Radinsky immigrated to the United States as a child from Ukraine and studied economy at Northwestern University. He lives with his wife in a Miami Penthouse after, according to public records, he has earned dividends of $ 472 million by November 2023 to November 2023.

According to the New York Post, Radinsky's income was almost all profits that were made by the platform, which is said to have about 40 employees.

Billions of dollars income

According to the last available British financial information, which was cited by a Bloomberg report from 2021 to 2023, its overall release rose to more than 1 billion Ltd. to more than 1 billion US dollars, which he has, to more than $ 1 billion.

“Nurfans is a revolutionary platform that continues to lead the creator economy. As with every business of this size, it is of course that we are open to discussions about how we continue to build on our success,” said a single spokeswoman for only fans of New York Post.

The report also claimed that according to insiders, the website could be sold for $ 1.46 billion and $ 2.42 billion.

“You want to find billionaires and try not to sell it as a company for adults, but only as a platform like X, which enables content for adults. But I think most people now only consider fans as an adult content company,” said the New York post and quoted a source.

(Read also: The 34-year-old ends the bank job, becomes a porn star to get a better work-life balance.)

US largest market

Only fans occupy a reduction of 20% of its 4 million creators who produce content for a user base of 300 million subscribers. Since the platform is not available in app stores, it is avoided to share income with Apple or Google. According to the British submissions, two thirds of sales of $ 1.3 billion or around $ 863 million come from US customers.

Tim Stokely started the platform in 2016 as a space for musicians and influencers, but Radvinsky restrictions on pornographic content removed after the acquisition. Only fans recorded explosive growth during the Covid 19 pandemic. In 2021, Radvinsky tried to ban sexually explicit content, but the decision was reversed within a few days.