An OnlyFans Deal Would Yield Billions for Its Secretive Owner

A big prize might be within reach for Leonid Radvinsky.

The owner of OnlyFans, the platform hosting everyone from celebrity chefs to porn stars, is exploring a number of offers for the site that would value it at about $8 billion, according to a person with knowledge of the matter. Reuters earlier reported that a consortium led by investment firm Forest Road Co. was weighing a bid, citing sources it didn’t identify.

While the complete terms and eventual outcome of the talks are unknown, they underscore the remarkable arc of both OnlyFans and the largely anonymous Radvinsky.

The platform’s ...