Leonid Radvinsky, owner of OnlyFans, has died

Leonid Radvinsky, the billionaire owner of the adult content creator network OnlyFans, has died at the age of 43 after a battle with cancer.

OnlyFans confirmed Radvinsky’s death on Monday. The company said it was “deeply saddened” by his death, according to a spokesman, adding that his family had requested privacy. Reuters first reported the news.

Originally from Odessa, Ukraine, Radvinsky moved to Chicago as a child and began running adult live streaming sites in his teenage years, launching MyFreeCams in 2004.

Radvinsky purchased a 75% stake in Fenix ​​International Limited, OnlyFans’ parent company, in 2018 and served as its director and majority shareholder. In addition to OnlyFans, he has invested in technology companies through Leo, a venture capital fund founded in 2009.

OnlyFans was founded in 2016 by Tim Stockley and gained massive popularity during the COVID-19 pandemic. The platform has enabled creators to monetize their work directly, and has attracted many in the adult industry looking for a reliable source of income. To date, OnlyFans has paid out more than $25 billion to creators.

Radvinsky’s death comes just months after the company was in negotiations to sell a 60% stake in OnlyFans, which would have valued the company at about $5.5 billion.