📷 OnlyFans — Key Facts
| Company Name | Fenix International Limited |
| Majority Owner | Leonid Radvinsky (~75% stake, acquired 2018) |
| Founder | Tim Stokely (founded 2016; sold stake 2022) |
| Headquarters | London, United Kingdom |
| Founded | 2016 |
| Revenue (2022) | ~$1.09 billion |
| Creators | 3 million+ content creators globally |
| Users | 220 million+ registered users |
OnlyFans is a subscription content platform owned by Fenix International Limited, a UK-registered company. Despite being one of the most talked-about platforms on the internet, its ownership is surprisingly opaque. The majority owner — holding approximately 75% of Fenix International — is Leonid Radvinsky, a Ukrainian-American entrepreneur who acquired his controlling stake in 2018, two years after the platform’s founding.
Who Is the Owner of OnlyFans?
OnlyFans is owned by Fenix International Limited, operated from London. The controlling shareholder is Leonid Radvinsky, a Ukrainian-born US-based entrepreneur who previously owned adult content platforms and paid subscription sites. Radvinsky acquired his dominant stake in Fenix in 2018 and has since been the platform’s primary owner and beneficiary — receiving hundreds of millions of dollars in dividends from OnlyFans’ profits. The platform’s founder, Tim Stokely, launched OnlyFans in 2016 with an initial investment that included funding from Radvinsky. Stokely stepped down as CEO in 2022 and sold his remaining stake. The current CEO is Keily Blair.
OnlyFans’ Business Model and Scale
OnlyFans allows creators to charge subscribers monthly fees for exclusive content. The platform takes a 20% commission on all creator earnings. While widely known for adult content, OnlyFans hosts fitness trainers, musicians, chefs, and other creators. Revenue surpassed $1 billion in 2022, with Radvinsky reportedly receiving over $500 million in dividends since acquiring control. The platform’s COVID-19-era boom drove explosive growth, turning it from a niche subscription site into a global cultural phenomenon.
The Attempted Content Policy Change (2021)
In August 2021, OnlyFans announced it would ban sexually explicit content starting October 2021 — a decision attributed to pressure from banking partners and payment processors. The announcement triggered massive creator backlash and was reversed within days. The episode revealed OnlyFans’ profound dependency on adult content creators for the majority of its revenue, and highlighted the ongoing challenges platforms face in navigating payment processor policies and regulatory pressures around adult content.
