OnlyFans owner Leonid Radvinsky has collected $701 million in dividends from Fenix International Ltd., the London-based parent company of the adult-content social platform, ahead of a potential sale estimated at $8 billion.
The payout, disclosed in financial filings on Friday, included $497 million in ordinary dividends and $204 million in five additional tranches after the reporting date.
This brings Radvinsky’s total earnings from the platform to about $1.8 billion since 2021.
The filing showed that $7.2 billion in payments were processed through OnlyFans for the year ended November 30, 2024, compared to $6.6 billion in 2023. Pretax profit rose 4% to $684 million.
OnlyFans generates revenue by charging creators a 20% fee on subscriptions, videos, images, and chat-based content sold on the platform.
Since acquiring a majority stake in 2018, Radvinsky has consistently drawn significant dividends:
-
2021: $284 million
-
2022: $338 million
-
2023: $472 million
-
2024: $701 million
The consistent growth in payouts reflects the platform’s rising profitability and expansion.
OnlyFans is reportedly exploring a strategic sale that could value the company at around $8 billion, according to earlier Bloomberg reports.
The decision comes as the platform seeks to consolidate its position after rapid growth during the Covid-19 pandemic, when it attracted both sex workers and mainstream celebrities.
Radvinsky, born in Odesa, Ukraine, and raised in Chicago after emigrating with his family, purchased control of OnlyFans from its British founders Guy and Tim Stokely in 2018.
He currently resides in Florida and remains the sole owner of Fenix International Ltd.
The strong performance of OnlyFans highlights its resilience and profitability despite regulatory scrutiny and social debate over its adult-oriented business model.
