What Is Tim Stokely’s Net Worth?
| Net Worth | $150 Million |
| Source of Wealth | Businessman and Entrepreneur |
| Date of Birth | 1983 |
| Birthplace | Harlow, England |
| Nationality | British |
The Usual Intro
British businessman Tim Stokely has plenty of fans and wealth. He is the founder of OnlyFans, an internet platform where fans pay content creators to see their content. Though Stokely banned pornography on the platform at one time, the site has been known for the majority of its content to be sexually graphic.
The site is currently one of the most popular online platforms, with millions of users and creators. Stokely has been involved with online adult entertainment since before OnlyFans.
Before the Spotlight
Tim Stokely was born somewhere in the month of July 1983, in Harlow, England. He grew up with his three siblings in an upper-middle-class home in England. His father, Guy Stokely, was an investment banker. Tim Stokely attended Anglia Ruskin University after completing high school. He obtained a Property and Surveying degree from college.
Stokely showed an interest in entrepreneurship ever since school. He managed orders from a fish and chips store, which he sold among his school friends.
This privileged background and his father’s expertise in finance gave Stokely an education that would benefit him later as he was launching OnlyFans.
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The Road to Success
Stokely had ideas for internet platforms for adult entertainment. His initial business initiatives, GlamGirls and Customs4U, did not receive the level of engagement expected by Stokely and were consequently shut down.
Through the financial support of his father, Stokely started OnlyFans in 2016 with his older brother. Learning from earlier misses in the industry, Stokely succeeded with OnlyFans by adding features such as fan recommendations and a referral system to allow third parties to recruit new content creators. OnlyFans keeps 20% of the revenue generated by its creators.
In 2018, Leonid Radvinsky bought a 75% stake from Stokely in OnlyFan’s parent company Fenix International. The sale transferred the site’s primary focus to promoting more pornographic content until it became another hub of pornography. The Sunday Times pronounced Stokely as “the king of homemade porn.”
OnlyFans now has over 2 million content creators and 170 million users. The app briefly banned content creators from posting adult content. However, as the main attraction of the website was its sexually explicit content, it returned.
The COVID-19 pandemic caused a massive boost in the website’s engagement as people were confined to their homes with nothing to do. Total revenue of $400 million was generated by the platform in a 12-month span. Celebrities like Tyga, Nicki Minaj, and Bella Thorne also set up accounts on the platform, attracting more users.
Stokely was the center of a controversy regarding underage content creators on his platform. After banning some accounts posting inappropriate pictures of children, Stokely was forced to restrict all explicit content from OnlyFans in 2016.
As of 2021, Stokely stepped down as the acting CEO of OnlyFans. The former chief marketing and communications officer, Amrapali Gan, was appointed as the new CEO.
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The Shady History Of OnlyFans’ Billionaire Owner
The Best Moments
Tim Stokely’s career highlights include these achievements:
- Launching internet platforms for adult entertainment, including GlamGirls. While not successful, Stokely learned from them.
- With a loan from his father, Stokely launched OnlyFans in 2016.
- OnlyFans forbids adult content in 2021 but still has millions of content creators and fans.
- Stokely steps down as CEO of OnlyFans in 2021.
The Private Side
Tim Stokely keeps his social life private, saying little about whether he is married or has children. Like many wealthy tech titans, Stokely likely works to keep his social life off the internet. He likes to party at London’s nightspots and is believed to be single.
Living an affluent life, Stokely resides in an elegant $3.4 million mansion in Bishop’s Stortford, Hertfordshire. Reports state that the mansion has six bedrooms, eight bathrooms, a gym, a sauna, a home theater, and a bar. His garage and driveway are crowded with luxury cars. He is subscribed to the OnlyFans accounts of James Haskell and Chris Robshaw, expressing his interest in rugby. He is also a fan of the England Patriots and West Ham United.
OnlyFans is the $2 Billion Sleeping Giant of Media
Famous Quotes From Tim Stokely
Here is an insight on OnlyFans by Tim Stokely.
- “To date, we’ve paid out over $2 billion to creators. I mean, it’s incredible. There are over 100 creators who have kind of hit and gone past that $1 million earnings level.”
- “Now people are really starting to understand the massive earning potential of OnlyFans, we’re going to start seeing creative and more charitable profiles being set up.”
- “OnlyFans stands for inclusion, and we will continue to provide a home for all creators.”
Social World
A man who prizes his privacy, Stokely is selective about his social media platform use, having little evidence of Facebook and Twitter usage. Of course, he does check the customer experience OnlyFans offers by using that app.
- Instagram: 41.6K followers
- LinkedIn: 4.2K followers and 500+ connections
Lessons For Entrepreneurs
Though Tim Stokely had to step down as CEO of OnlyFans because of troubles in attracting mainstream investors, his success in launching OnlyFans offers these lessons.
1. Find Your Niche
Tim Stokely created an over-18 niche for OnlyFans. The internet platform and app became a home for adult entertainment. Even though OnlyFans banned adult content at one point, the business now includes that niche.
2. Monetize Something That Already Exists
Before OnlyFans, internet content creators produced videos and posted them on social media for free. These influencers were getting paid for product endorsements and affiliate marketing. OnlyFans’ payments give creators a way to get paid for their content.
3. Learn From Heroes
Tim Stokely first learned about finance through his father and learned from his heroes like Warren Buffet and Tom Brady.
4. Evolve with the market
Tim Stokely’s critical thinking allowed him to change the website according to suggestions from users. Listening to feedback is essential for the growth of any business.
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The Unusual Facts
Among the interesting facts about Tim Stokely are these gems.
- Stokely bought a $3.1 million home near London, but photos of the home are not publicly available.
- Football and soccer are among Stokely’s passions. His favorite teams are the New England Patriots and West Ham United.
- Stokely also enjoys high-end vehicles. The cars and SUVs in his garage include an Audi R8 and a Range Rover.
FAQs
You may have questions about Tim Stokely. These frequently asked questions may help you know him better.
Who owns OnlyFans?
Fenix International, a holding company controlled by venture capital fund manager Leo Radvinsky owns OnlyFans. Stokely and his father are both stockholders.
Why did Tim Stokely step down as CEO?
In December 2021, Tim Stokely stepped down as CEO of OnlyFans stating he wanted to pursue other business ventures. Stokely still acts as an advisory to smoothly transfer power to the new CEO without losing the platform’s growth.
How lucrative is OnlyFans for content creators?
Up to date, OnlyFans has paid more than $5 billion to its millions of content creators.
Few Final Words
Tim Stokely has stated that interaction is the key to success, which is how he created such a successful business. While he is best known for his success with OnlyFans, he could be plotting his next move in the tech industry, one that’s even more successful.
