3 Crazy Billionaire Stories

**Shaan Puri** (0:00)
This may not be the best acquisition ever, but I'll be damned if it isn't up there. I think that he bought this, I don't know the exact number, but he bought the majority of OnlyFans for, I think, single digit millions of dollars, maybe low double digits, possibly low double digits. But let's even say it was $10 million.
This is now a more than $10 billion company.

**Sam Parr** (0:32)
I want to start the episode with a survey for the listener. We'll actually let John and Ben chime in. Just Ben, turn your camera on so I can see your face. All right. We're going to start with the survey. On Monday morning at 7:30 AM, I wake up from a text from Sean and here's what the text says, it goes, Hey, you got good topics for tomorrow? I just texted Emmet from Twitch to do a pod and he said he'll do it tomorrow. So I'm going to drive to San Francisco tomorrow and record an interview with him. So what I want, Jonathan and Ben, turn your cameras on. What I want you to do a thumbs up if you think that's the first one, a thumbs down if you think it's the second one. Do you think that this text means in lieu of Sam and Shaan recording together, I'm going to do one with Emmet? Or do you think that this means in addition to the recording tomorrow, I'm also going to do one with Sam and Shaan?
Thumbs up for the first one, thumbs down for the second one.
All right, great. I just wanted to make sure I'm not crazy.

**Shaan Puri** (1:37)
Ben, the betrayal. E2, Ben, E2.

**Sam Parr** (1:41)
So I thought that that's what it meant. And when I heard that, I was like, all right, all right, so I have some free time between 11 and noon.

**Shaan Puri** (1:48)
Ladies and gentlemen, the jury, let me just say this.
What I say, do you have good topics for the pod tomorrow? If we weren't going to do a pod with good topics together? I don't know. Seems like that might be something that, you know, that we're going to do.

**Sam Parr** (2:02)
Well, I just want to see what the audience thinks.
So whatever. I have a bunch of topics today. What do you have?

**Shaan Puri** (2:09)
I got, bro, you think you've got a bunch of topics? I got however many topics you have. Add one. That's how many topics I got.

**Sam Parr** (2:14)
Well, I see a big list.
You have like an interesting. You have a few interesting things. What you you want to kick us off with something?

**Shaan Puri** (2:21)
Let's start with this. Yeah.
So we've talked a lot about one business on this podcast, probably more than any other podcast has talked about this business. I would say we are the champions of this company. We are the ones out here letting people know that this company is legit, that this company is big, that this company is very interesting. Everybody's overlooking it. We've been saying it for years.

**Sam Parr** (2:44)
Are you even a paying customer of this company?

**Shaan Puri** (2:46)
I'm not a paying customer because I'm a married man.

**Sam Parr** (2:48)
Well, you can be a married man and be a customer, but I've never paid for it.

**Shaan Puri** (2:52)
I'm not a paying customer because free porn exists, and I'm talking about OnlyFans.
So OnlyFans' annual numbers leaked, and not leaked, actually. What happened was actually kind of interesting. You know this, but maybe a lot of people who are listening don't, which is that any company that is based in the UK., whether it's private or public, has to report at the end of the year a sort of a financial summary. And the bigger your company is, the more data you have to include.

**Sam Parr** (3:27)
Basically, like a public company, you have to report like?

**Shaan Puri** (3:30)
Like a public company. So in the US., if it's public, you can go look up their information, maybe the quarterly earnings, or you can go find their S1. But if it's a private company, you're just shit out of luck. You're just guessing. But if you go to onlyfans.com and you scroll down to the privacy policy, click privacy policy, you will see that OnlyFans is run by a company called Phoenix International Limited.
And what is Phoenix International Limited? It is a company based in the UK. So if you go to the there's an entity called Companies House and Companies House is where all of the company information is housed. And so if you go there, you can find you look up Phoenix International Limited and then you can look at filing history and you can see that there are several reports. So reports about this director replacing this director. But the one you care about is the one that basically says here is the 2022 financial summary. You're in financial summary. And when you go to that, you're going to see the following picture of a business. OnlyFans is a business that generated or collected 5.6 billion in revenue in 2022