What is OnlyFans founder Timothy Stokely's net worth? 'King of homemade porn' has $3.4M mansion
OnlyFans made waves across the Internet after it announced that it was getting out of the pornography business. The social media firm's decision to prohibit creators from posting sexually explicit material starting October caused quite a storm online, sparking an interest in its founder, Timothy Stokely.
The popularity of the content-based subscription service skyrocketed during the pandemic as it gave sex workers, musicians, and online influencers a business platform through which they could charge fans and followers for exclusive access to their private photos, videos, and other content. However, that popularity also meant additional scrutiny as the company had initially wanted to position itself as a forum for musicians, fitness instructors, and chefs rather than sex workers. Now, while sex workers will still be allowed to upload nude photos and videos, they will have to abide by OnlyFans new policy measures.
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Many of the most popular creators on OnlyFans post videos of themselves engaging in sexual behavior. Of late, several mainstream celebrities like Cardi B, Bella Thorne, and Tyga have also set up accounts on the website. The latest news about the 'no porn' ban came after mounting pressure from banking partners and payment providers, the company said, as it is trying to raise money from outside investors with a valuation of over $1 billion.
“In order to ensure the long-term sustainability of our platform, and continue to host an inclusive community of creators and fans, we must evolve our content guidelines,” an OnlyFans spokesperson said. The company is run by its founder, Tim Stokely, and owned by internet entrepreneur Leonid Radvinsky.
Stokely, 38, is the youngest son of a banker and was born in Harlow, Essex, in the UK. He graduated from Anglia Ruskin University and was once dubbed by The Sunday Times as "the king of homemade porn." It's worth noting that OnlyFans boasts over 2 million creators worldwide and has a huge user base of 130 million people. "Whether you’re uploading tutorials, tips, behind-the-scenes footage, or just endless selfies, a lot of your followers would be willing to pay for them," OnlyFans states. Prior to OnlyFans, Stokely had created a BDSM and fetish site GlamWorship.com in 2011.
What is Timothy Stokely's net worth?
Stokely reportedly has an estimated net worth of $120million, according to The Sun. He has seen OnlyFans bring in more than $1.63 billion in revenue while paying creators over $1.3 billion for their content.
The service was one of few that enjoyed an enormous boost during the coronavirus pandemic, with its annual revenue estimated to be around $980 million approximately. Stokely often shares photos depicting his luxury lifestyle on Instagram, flaunting several expensive purchases like yachts and customized vehicles. The millionaire CEO also parties at some of the hottest clubs and restaurants in New York and London.
According to The Sun, the British entrepreneur lives in a stunning $3.4 million six-bedroom mansion in Stortford, Herts. The property has been described by estate agents as a "stunning, modern home finished to a very high specification." The mansion reportedly has eight bathrooms, a gym, sauna, home cinema, and a marble bar.
A unique games room is lit up by fluorescent modern art sculptures and decked out with a purple-baize pool table and a fully-stocked bar. Meanwhile, Stokely's extensive driveway shelters a series of expensive cars, including a $163,000 matt black Audi R8 plus pimped-up Range Rovers that have reportedly been customized by a firm favored by Premier League soccer stars, The Sun reported.