The CEO of subscription-based social media platform OnlyFans has revealed that the company has paid out $20 billion to its creators since its founding in 2016.

CEO Keily Blair was speaking at the Bloomberg Screentime conference in Los Angeles, California, on Thursday when she revealed the incredible figure.

The company, based in Britain, relies solely on subscriptions, pay-per-view events or tips for its online creators, with a large portion creating adult content.

Blair said: ‘Porn is free on the internet. I think the reason why people pay for OnlyFans is because they want to connect with those specific creators.

‘It’s because of the ability to both provide customization and request specific content.’

CEO Keily Blair was speaking at the Bloomberg Screentime conference in Los Angeles, California, when she unveiled the incredible figure. She was seen at an event here last year

The company, based in Britain, relies solely on subscriptions, pay-per-view events or tips for its online creators, with a large portion creating adult content.

She continued, “Everyone assumes it’s sexy content. Some of it contains sexy content and we are very happy with that. We are an inclusive platform, and for good reason.

“We think it’s really important that adult content creators have a safe space, can generate income, and can do so together with other content creators.

“We’re all adults, we’re all adults, we can all choose what content we subscribe to.”

The site had reported record revenue and profits for the 2023 fiscal year, according to a regulatory filing seen by Variety last month.

Payments via the online platform had increased by 19 percent, from $5.55 billion in 2022 to $6.63 billion last year.

The number of registered users on the site also rose 28 percent in the fiscal year to a total of $305 million.

Commenting on these figures at the conference, Blair said: “Yes, it was a good year,” adding that the company has no plans for an IPO.

Since the company started taking the internet by storm, celebrities from all walks of life quickly launched their own accounts.

Stars like Carmen Electra, former Disney Channel star Bella Thorne and Sopranos actress Drea de Matteo have all used the site.

Stars including Carmen Electra, former Disney Channel star Bella Thorne and Sopranos actress Drea de Matteo, seen here, have all used the site

Carmen Electra revealed last month that the top requests she receives on the platform are for photos of her feet

Matteo previously credited the platform to DailyMail.com with “saving her life” after her refusal to get a COVID vaccine cost her acting gigs and left her with just $10.

Although she was initially reluctant, she revealed in February that her racy uploads were so lucrative that she managed to save her house from foreclosure within just five minutes of signing up.

“It saved us,” she told DailyMail.com exclusively. “OnlyFans saved my life 100 percent. I can’t believe I’m saying that, but it really saved us.”

Tearfully, she continued, “Anyone who wants to condemn and tear me down, go for it. I just hope you never find yourself in the position I was in taking care of two small children.

‘It saved my house of many years which was very important to us. And what’s more, it has given me enough money to start up and finance ULTRAFREE.’

The Sopranos actress joined the platform in August when she had just $10 left in her bank account and was on the verge of losing her house

Giving fans what they want: In a new interview, the 51-year-old Baywatch star revealed she gets ‘so many foot requests’ on the X-rated site, which she considers ‘the funniest thing’

While actress Carmen Electra revealed last month that the top requests she receives on the platform are for photos of her feet.

In a new interview, the 51-year-old Baywatch star revealed that she gets “so many foot requests” on the X-rated site, which she finds “the funniest thing.”

“I’m always like, ‘What would you like to see me do with my feet?’ Should I mash grapes? Whipped cream on top?’ she mused to Humans.

Over the years, the Don’t Cha singer revealed that while she finds the demand to see her feet comical, it isn’t that surprising.

‘There used to be pages on the internet dedicated to my feet in high heels. I accidentally stumbled upon it once, so I always knew it existed,” she recalls.

Other stars who have accounts on the site include Cardi B, Donna D’Errico, Bhad Bhabie and Blac Chyna.