OnlyFans' Explosive Growth Under Leonid Radvinsky's Ownership
Since taking over the British-based platform OnlyFans in 2018 from founders Tim Stokely and Guy Stokely, owner Leonid Radvinsky has witnessed monumental financial success. Recent corporate filings indicate that Radvinsky's earnings exceeded $1.9 million daily in 2024, following a substantial distribution of $701 million in dividends by Fenix International, OnlyFans' parent company. This record payout has increased his pretax dividend income to an impressive $1.8 billion.
Impressive Surge in OnlyFans' Creator and Fan Base
Under Radvinsky's guidance, OnlyFans has dramatically evolved from a lesser-known entity to a powerhouse content platform attracting influencers, celebrities, and sex workers alike. The data from last year shows a 13% increase in its creator base, now hosting 4.6 million content creators. Simultaneously, the number of fan accounts has seen a 24% rise , amounting to a total of 377 million.
Revenue and User Engagement on the Rise in 2024
Accompanying the growth in its user base, OnlyFans reported a 8.8% increase in spending across the platform, with total expenditure reaching over $7.2 billion last year . Notably, OnlyFans retains a 20% commission on its creators' earnings. The continued financial prosperity in 2024 is marked by diverse new ventures, furthering the expansion in revenue and user engagement.
2024 Dividend Payments to Radvinsky
The 2024 annual accounts further disclosed that a $497 million dividend was paid to Leonid Radvinsky, alongside a series of additional dividend payments totaling $204 million extending through April 2025. These payments cumulatively contribute to more than $701 million earned from OnlyFans over the past year, as recorded by the U.K.'s Companies House.
