WASHINGTON: Leonid Radvinsky, the reclusive billionaire who acquired grownup content material platform OnlyFans and reworked it right into a multibillion-dollar empire, has died of most cancers aged 43, the corporate introduced Monday (Mar 23).
“We’re deeply saddened to announce the dying of Leo Radvinsky. Leo handed away peacefully after an extended battle with most cancers,” an OnlyFans spokesperson stated. “His household have requested privateness at this tough time.”
Florida-based Radvinsky, a Ukrainian-American entrepreneur born in Odesa and raised in Chicago, bought a 75 per cent stake in Fenix Worldwide Restricted – the London-based mum or dad firm of OnlyFans – in 2018, serving as its director and majority shareholder.
Below his possession the platform surged in reputation throughout the Covid-19 pandemic, rising to some 377 million customers and 4.6 million content material creators worldwide.
The corporate recorded US$1.4 billion in web income in 2024, taking a 20 per cent fee on most creator earnings, and had been valued at round US$5.5 billion in early-stage sale talks earlier this 12 months.
Radvinsky, who held a bachelor’s diploma in economics from Northwestern College, had a web value valued at US$3.8 billion as of final Could, in response to the Bloomberg Billionaires Index.
He had transferred his possession stake into the LR Fenix Belief in 2024.
Past OnlyFans, Radvinsky ran Leo, a enterprise capital fund he based in 2009 targeted on know-how investments. He was additionally identified for philanthropic actions, together with help for most cancers analysis and open supply tasks.
