Owner of OnlyFans Leonid Radvinsky received a record $701 million in dividends, reports Baltimore Chronicle, citing agency Bloomberg.
The payment was part of the financial report of the London-based company Fenix International Ltd., which manages the OnlyFans platform. The payout is a record, amid rumors about a possible sale of the business, which is valued at $8 billion.
By the end of 2024, the transaction volume on the platform reached $7.2 billion, an increase of $600 million compared to the previous year. Pre-tax profit amounted to $684 million, a 4% year-over-year growth. The number of creator accounts on the platform grew by 13%, reaching 4.6 million, while the number of subscriber accounts increased by 24%, reaching 377.5 million.
OnlyFans profits from a 20% commission on all transactions, including video, photo sales, and private chats.
Leonid Radvinsky, who resides in the United States, acquired a controlling stake in OnlyFans in 2018 from the British founders Guy and Tim Stokely, who created the platform in 2016. OnlyFans reached its peak popularity during the COVID-19 pandemic, when the service gained significant attention.
Earlier we wrote that OnlyFans model Anna Maligon stars in Tesla Optimus ad campaign.