Leonid Radvinsky, OnlyFans owner, dies after cancer battle at 43

Leonid Radvinsky, the owner of OnlyFans, has died of cancer at the age of 43, the company said in a statement on Monday.

“We are deeply saddened to announce the death of Leo Radvinsky. Leo passed away peacefully after a long battle with cancer,” an OnlyFans spokesperson said. 

The company added that his family has requested privacy.

Radvinsky, a Ukrainian-American entrepreneur, acquired Fenix International Limited, the parent company of OnlyFans, in 2018 and served as its director and majority shareholder. Prior to OnlyFans, he had built a business in online content and web platforms, and later expanded into technology investing.

Founded in 2016 by British entrepreneur Tim Stokely, OnlyFans saw explosive growth during the COVID-19 pandemic as lockdowns drove creators and audiences online. The platform now has over 200 million registered users and more than 3 million creators globally.

OnlyFans has paid out more than $20 billion to creators since its launch, with the company taking a 20% commission on earnings, making it one of the most lucrative platforms in the creator economy.

Under Radvinsky’s ownership, the company became highly profitable, with annual revenues crossing billions of dollars and dividends running into hundreds of millions, reflecting its rapid scale-up in a short span.

He also runs Leo, a venture capital fund he founded in 2009 that focuses primarily on investments in technology companies.

Earlier this year, Reuters reported that OnlyFans was exploring the sale of a majority stake to investment firm Architect Capital in a deal valuing the company at about $5.5 billion, including debt.

About the platform:

OnlyFans is a platform where people can earn money by sharing content directly with paying subscribers. It is widely known for adult content, but also hosts creators across fitness, music, cooking and lifestyle.

Users pay monthly subscriptions, tips, or one-time fees, while the company keeps a 20% share.