OnlyFans' owner, Leonid Radvinsky, received a record $701 million in dividends in 2024, according to financial filings by its parent company, Fenix International Ltd. This substantial payout comes as the adult-content social network explores a potential sale, with a valuation estimated at $8 billion. Since acquiring OnlyFans in 2018, Radvinsky has accumulated over $1.8 billion in pre-tax dividends from the platform.
OnlyFans demonstrated robust financial performance in 2024, with revenues increasing by 9% to $1.4 billion and pre-tax profits rising by 4% to $683.6 million. The platform processed $7.2 billion in payments from subscribers, an increase from $6.6 billion in 2023, and disbursed $5.8 billion to creators, who retain 80% of their earnings. The number of content creators on the platform grew by 13% to 4.6 million, while fan accounts surged by 24% to 377.5 million globally.
The dividend payout included $497 million in ordinary dividends in 2024, with an additional $204 million distributed in tranches between December and April, totaling $701 million. Radvinsky's net worth has reportedly doubled to $7.8 billion, fueled by these dividends and the potential sale. The company, headquartered in London but generating most of its revenue in the U.S., is also expanding into new verticals beyond adult content, such as sports and lifestyle. Despite its growth, OnlyFans continues to address challenges related to regulatory scrutiny and trust and safety measures.
