ONLYFANS is a content subscription service based in London, known for its adult videos and pictures.

It was announced to the press on December 21, 2021, that platform founder Tim Stokely would be quitting his position as CEO of the explicit subscription platform.

Who is OnlyFans founder Timothy Stokely?

Timothy Stokely is the founder of the booming online service platform.

He is the youngest son of a banker and was born in Harlow, Essex, in the United Kingdom.

Stokely is a Anglia Ruskin University graduate and was once dubbed "the king of homemade porn" by The Sunday Times.

OnlyFans is a social network where content creators share, among other things, porn images and videos for a monthly fee.

Fans pay anywhere from $5 to $55 a month for pictures from their favourite creators – with OnlyFans taking a 20 per cent piece of the pie.

But it was reported in August 2021 that OnlyFans is set to ban raunchy content after pressure from the company's payment providers and banking partners.

From October 1, members will still be able to post some nude content, but it will need to obey the new site's policy banning sexually explicit images and video.

There are reportedly two million creators worldwide – with 130 million users.

OnlyFans states: "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."

Stokely built OnlyFans after he created a BDSM and fetish site GlamWorship.com in 2011.

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What is Timothy Stokely's net worth?

Stokely has an estimated net worth of $120million.

The platform has paid its creators more than £956million, meaning Stokely has seen the firm bring in more than £1.2bn in revenue.

During the coronavirus lockdown, the business enjoyed an enormous boost, with its annual revenue predicted to be £720m.

The millionaire CEO often shares snaps of his lavish lifestyle on Instagram with pictures showing many luxury items including yachts and customised cars.

There are also images showing him partying in New York and London's most exclusive bars, clubs and restaurants.

The Brit entrepreneur lives in a sprawling $3.4million six-bedroom mansion in Stortford, Herts.

Estate agents describe it as a "stunning, modern home finished to a very high specification".

The glamorous six-bed mansion has eight bathrooms, plus a gym, sauna, home cinema and marble bar.

A games room is lit by fluorescent modern art sculptures and fitted out with a purple-baize pool table and fully-stocked bar.

The extensive driveway meanwhile is home to several customised cars.

This includes a £120,000 matt black Audi R8 plus pimped-up Range Rovers that have been modified by a firm favoured by Premier League footballers.

Why is Tim Stokely leaving OnlyFans?

On Tuesday, December 21, Tim Stokely took to Instagram to state his departure from OnlyFans.

“I’d like to thank all of my colleagues, but the most important thank you is to all of the content creators … you made OnlyFans what it is today,” Stokely wrote in an Instagram post on Tuesday.

In his Instagram post, he did not name a specific reason as to why he's leaving the company.

Stokely founded OnlyFans in 2016.

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