OnlyFans owner paid over $700m before his death
The site hosts a range of subscription-based content from cooking to fitness videos, but it is best known for pornography.
The late owner of OnlyFans, Leonid Radvinsky, received over $700 million (£513 million) in dividends from the streaming platform before his death from cancer earlier this year.
Fenix International Ltd, the UK-based parent company of OnlyFans, reported a pre-tax profit of $714 million last year, a 5% increase from 2024, according to its annual report.
OnlyFans is recognized for its subscription-based content, ranging from cooking to fitness, but it is most famous for adult content. The platform is credited with revolutionizing online adult entertainment by fostering direct connections between sex workers and their subscribers.
Radvinsky, who passed away at 43 this year, acquired the site from its British founders in 2018.
OnlyFans operates with a remarkably small staff of 47 employees. Companies with such substantial profits rarely have such a limited workforce; for comparison, British retail giant Marks and Spencer, with over 65,000 employees, reported a profit of £671 million last year.
Fenix International's financial results indicate dividend payments of $535 million for the year ending November 30, 2025, with an additional $174 million distributed between then and March 26, 2026.
Radvinsky, a Ukrainian-born, US-raised entrepreneur, died on March 23. His widow, Yekaterina 'Katie' Chudnovsky, now owns the company.
OnlyFans experienced a surge in popularity during the Covid-19 pandemic, leading to Radvinsky's inclusion on Forbes' annual list of billionaires just three years later.
The platform is known for facilitating interaction between creators and fans through livestreams, personalized messages, and direct requests for custom photos and videos. OnlyFans retains a 20% share of all payments in exchange for hosting the content.
In 2025, the site boasted 132 million paying subscribers and 2.5 million active creators.
The rapid growth and popularity under Radvinsky's ownership also attracted scrutiny from lawmakers and regulators regarding its adult content. A recent BBC Three documentary brought to light allegations of exploitation, coercion, and violence against OnlyFans creators.
In 2024, British regulators initiated an investigation into potential child access to pornography on the platform, an issue the company attributed to a technical glitch at the time. Ofcom ultimately closed that probe but fined the firm approximately £1 million for failing to accurately respond to requests for information about its age verification measures, which theoretically require users to be 18 or older.
Creators have also challenged the notion that producing explicit videos on the site is a quick path to wealth.
Keily Blair, the chief executive of OnlyFans, stated on Tuesday that the company has paid over $30 billion to creators since its launch a decade ago.
"OnlyFans provides real opportunities to real people by creating a safe, regulated space where people can monetise their content with a global fan base," she commented. "As a UK-based business we have also made a significant contribution to the UK economy, paying over £600 million in corporate taxes from 2016 to date."