OnlyFans Owner Paid $701 Million as Dividend Hits Record (1)

OnlyFans has paid its owner Leonid Radvinsky $701 million in dividends, including a record amount for 2024, ahead of a potential sale of the adult-content social network.

The payout was disclosed in financial filings Friday by Fenix International Ltd., the London-based company that runs the platform. The company, which allows content creators to offer subscription material directly to their fans, is exploring a sale at a potential valuation of $8 billion, Bloomberg reported in May.

OnlyFans makes money by taking a 20% fee on any subscriptions or content including videos, pictures and chats sold via the platform. It ...