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Shaan Puri and Sam Parr share 3 crazy billionaire stories, including the secret acquisition of OnlyFans, Elon Musk's right-hand man, and the controversial history of the Sackler family. They also discuss the devaluation of US currency, a revolutionary e-commerce marketing company, and investing in low-valued companies.
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- OnlyFans experienced significant growth and financial success due to strategic acquisition by Leo Radvinsky.
- The Sackler family faced legal challenges and scrutiny for unethical marketing tactics of oxycontin.
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The Rapid Growth of OnlyFans and Its Billion-Dollar Success
OnlyFans, a platform often associated with adult content, has experienced significant growth and financial success in recent years. The company generated over $5.6 billion in revenue in 2022, with a net profit of $525 million. The owner, Leo Radvinsky, took out $550 million in dividends in the last two years. This success is attributed to Leo's strategic acquisition of the majority of OnlyFans for a relatively low amount, turning it into a more than $10 billion company. Leo's background as an internet entrepreneur and his support for open-source software projects are also highlighted.
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