Meet OnlyFans founder Tim Stokely – so what is he up to now? The Essex native ran the popular content platform with his family, and Lily Allen, Cardi B and Bella Thorne are all creators on it
- OnlyFans, which blew up during the pandemic, briefly banned sexually explicit content in 2021 in an attempt to appeal to investors, but reversed this in less than a week
- Founder Stokely had a net worth of US$120 million in 2021 and lives in a six-bedroom mansion in Bishop’s Stortford – he’s now working on Zoop, a platform related to Metaverse and Web3
Although any kind of content goes, the platform is best known for adult material. This has seen hesitation from investors and, in 2021, the decision was made to ban sexually explicit content. That decision was reversed just a week later though, following backlash from creators.
Stokely has since sold all his shares in the family-run business and stepped down from his role as CEO. So what is he up to now – and how does he spend his millions?
What exactly is OnlyFans?
OnlyFans is a social network platform where creators share their content to subscribers for a monthly fee. Some content might also be viewable for free. Said content can include adult and other sexually explicit material. OnlyFans takes a 20 per cent commission of all creators’ earnings.
The site was launched in 2016 and bought by Ukrainian-American businessman Leonid Radvinsky, founder of cam site MyFreeCams, in 2018. Per Forbes, Radvinsky has an estimated net worth of US$3 billion. Between 2022 and 2023, he paid himself US$500 million in dividends from OnlyFans earnings.
In 2021, Stokely stepped down as CEO of the company after having previously sold all his shares. He reportedly had a net worth of US$120 million that year.
OnlyFans, a family business
