Leonid Radvinsky, who is listed in some sources as leonid radvinsky, has died after a long battle with cancer, Bloomberg reported citing a company email.
An OnlyFans spokesperson told reporters, "We are deeply saddened to announce the death of Leo Radvinsky. Leo passed away peacefully after a long battle with cancer," and the statement was circulated by the company.
Radvinsky was the Ukrainian-American majority owner of Fenix International, the parent company of OnlyFans, and he served as a director on the company board while holding majority shares.
He built a business footprint that included founding adult sites such as MyFreeCams and running a venture fund called Leo that focused on technology investments, according to reporting.
Company Ownership And Financial Outlook
Under Radvinsky's ownership, OnlyFans shifted into an adults-only platform and grew into a major creator-economy site with more than 300 million users and over $1 billion in annual revenue, as reported by news agencies.
The platform takes a 20 percent fee on most subscriptions and content sold, and it surged in popularity when large numbers of people stayed at home during the pandemic, fueling creator growth.
Radvinsky acquired control of Fenix International from founder Tim Stokely and later held his Fenix shares in a trust structure, while his net worth was listed at about $4.7 billion by the Forbes real-time billionaires list.
Reuters reported that OnlyFans had explored selling a majority stake to an investment firm, in talks valuing the company at roughly $5.5 billion including debt, raising questions about future ownership and investor interest.
Additional reporting noted substantial payouts to content creators and owners and referenced large dividend payments tied to the business as part of preparations around a potential sale push.
Radvinsky was also described in reports as a low-profile philanthropist who supported Ukraine relief, cancer research, animal welfare, and who had publicly discussed charitable pledges.
