OnlyFans founder Leonid Radvinsky was just paid over $700 million in dividends

OnlyFans founder Leonid Radvinsky collected more than $700 million in dividends in 2024, as the adult content platform considers a potential sale.

The Ukrainian-American entrepreneur, 43, received the payout through Fenix International Ltd., the London-based parent company, according to financial filings released Friday for the year ending November 30.

OnlyFans — which gives creators a way to sell explicit subscription content directly to fans, unlike mainstream social media platforms — ended the fiscal year with $808 million in cash. The company directly employs just 46 people, according to the Financial Times.

In May, Reuters reported that OnlyFans was weighing a sale that could value the business at up to $8 billion.

Filings show the platform’s revenue climbed 9% in 2024 to $1.41 billion. During the same period, subscribers spent roughly $7.2 billion on the platform, with $5.8 billion paid out to creators.

The site’s growth continues, with creator accounts rising 13% over the year to reach 4.6 million.