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
Tim, 41, reportedly grew up in Essex, England, and is a graduate of Anglia Ruskin University. His father, Guy, is a former investment banker, while his mother Deborah was listed as the director of OnlyFans’ parent company, per The Guardian. His brother Tom was its COO.
He has a luxury lifestyle
Stokely has been widely named in British media for flaunting his wealth, posting pictures of his luxury lifestyle on his social media accounts. He lives in Bishop’s Stortford, Hertfordshire, England – an area known as “wealth county”. Stokely’s mansion is reportedly worth around US$3.4 million.
The house has six bedrooms, eight bathrooms, a gym, sauna, home cinema and marble bar. It was reportedly finished to highly particular specifications; inside the games room, there are fluorescent modern art sculptures and a purple pool table.
What did Tim Stokely do before OnlyFans?
Before OnlyFans, Stokely dabbled in other platforms related to adult content, including one that focused on BDSM and other fetishes. Glam Worship was a platform dedicated to financial domination, a fetish where a submissive presents gifts and money to a financial dominant, per Financial Times. He then created Customs4U.com, a platform where fans could request personal videos from adult entertainers.
In December 2021, Stokely stepped down as CEO of OnlyFans. Before that, Stokely sold a 75 per cent stake of his shares in the business to Radvinsky, per Business Insider, later selling all of them.
In 2022, Stokely spoke about his next venture, a platform that trades celebrity digital collectibles called Zoop. The trading platform received US$15 million in grants and investments in 2022, as reported by Forbes. Zoop’s aim is to remove the barrier for people to enter the Metaverse and Web3.
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