OnlyFans paid jaw-dropping $700M to owner who died – Business News
Popular porn streaming website OnlyFans employed simply a few dozen staff final 12 months however was a money cow, paying more than $700 million to its late owner Leo Radvinksy, in accordance to a report.
London-based mum or dad company Fenix International paid $535 million in dividends to Radvinsky for the annual period ended Nov. 30, and one other $174 million between January and the top of March, in accordance to financial filings earlier reported by the Wall Street Journal.
Radvinsky – who died in March at age 43 after a secret battle with most cancers – additionally raked in almost $1 billion in dividends for the two-year period ended Nov. 30, 2024.
The late OnlyFans owner Leo Radvinsky, who died in March. Leonid Radvinsky/Facebook
His lawyer and philanthropist spouse, Yekaterina “Katie” Chudnovsky, took the reins of the company after Radvinsky’s death.
OnlyFans is home to 2.5 million energetic creators and 132 million energetic “fan” accounts.
The website is seen as revolutionizing the porn industry by permitting intercourse staff to attain their pervy audiences straight by subscriptions and keep 80% of their revenues.
OnlyFans additionally takes a cut of their earnings.
The subscription-revenue model has resulted in large earnings for prime creators like Sophie Rain.
The grownup content material creator mentioned she earned a jaw-dropping $95 million between 2023 and 2025, and thanked Radvinsky for altering her life in a tribute after his death.
In the 12 months ended Nov. 30, 2025, OnlyFans income grew 10% to almost $1.6 billion – amassing earnings of more than $521 million, the company mentioned Tuesday.
The platform’s greatest market is the US, adopted by the UK and continental Europe. It employed 47 people within the newest financial 12 months, in accordance to filings, although it additionally works with roughly 1,500 content material moderators.
“In the 10 years since the platform launched in 2016, OnlyFans has paid out over $30 billion to creators around the world, including over $1million to more than 5000 creators,” CEO Keily Blair mentioned in a assertion.
OnlyFans is a porn streaming website that permits customers to pay grownup content material creators straight. Christopher Sadowski
“OnlyFans provides real opportunities to real people by creating a safe, regulated space
where people can monetize their content with a global fan base,” she added.
The website has defended its model by a string of controversies, arguing it’s not technically a porn website as a result of its creators embrace celebrities and athletes posting content material for his or her followers.
Radvinsky lived a famously non-public life – leaving only one photograph of himself behind on the web after his death.
In May, San Francisco-based investment firm Architect Capital agreed to buy a 16% stake in OnlyFans, valuing the firm at $3.15 billion.
Radvinsky had been in talks to sell a majority stake in OnlyFans to Architect, which was conscious of his sickness, in a deal that may have valued his company at $3.5 billion, however plans modified after his death, in accordance to the Journal.
The revised deal got here in at a decrease valuation as a result of the firm would no longer get majority control over OnlyFans.
OnlyFans is home to 2.5 million energetic creators and 132 million energetic “fan” accounts. OnlyFans
Radvinsky – born in Odesa, Ukraine, and raised outdoors Chicago – purchased Fenix International in 2018. He was the bulk shareholder and director of OnlyFans for the subsequent eight years.
As of March, he had an estimated $4.7 billion internet value, in accordance to Forbes.
Radvinsky was a main donor to medical causes, together with the Memorial Sloan Kettering Cancer Center, the University of Chicago Medicine and EB Research Partnership, a international analysis group centered on the uncommon genetic illness Epidermolysis Bullosa, in accordance to his personal web site.
In 2024, Radvinsky and his spouse supported a $23 million grant program for most cancers analysis by a gastrointestinal analysis basis, in accordance to the Journal.
Though he most popular a secretive life out of the public eye, public information show Radvinsky owned an ultra-ritzy, 6,000-square-foot Miami rental value almost $19 million. The models include unique memberships to an airport, two golf programs and a non-public marina.
Prior to taking up OnlyFans, Radvinsky registered lots of of domains, many of them X-rated; labored on web sites that claimed to offer hacked passwords to porn websites; and in 2004 launched MyFreeCams, an early porn streaming website the place customers paid for personal content material.
He graduated from Northwestern University with a degree in economics.
