Leonid Radvinsky, the Ukrainian-American entrepreneur behind OnlyFans, received $701 million in dividends in 2024, bringing his total dividends from the platform to over $1 billion.
OnlyFans reported revenue of $1.4 billion in 2024, a 9% increase from the previous year, reflecting continued growth in a competitive digital content market.
Creator accounts on the platform rose 13% to 4.6 million, while fan accounts increased 24% to 377.5 million, underscoring an expanding user base and higher engagement.
OnlyFans’ business model enables creators to earn directly from subscribers and retain control over their content and income, a structure that has reshaped content monetization and fan interactions.
The company is in advanced talks for a potential $8 billion acquisition by a consortium led by the Forest Road Company, a development that could bring additional resources for technology, product development and marketing.
As OnlyFans grows, it faces regulatory scrutiny and shifting consumer preferences that could affect future operations and strategy.
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