Leonid Radvinsky, the billionaire entrepreneur behind the rise of OnlyFans into a global digital powerhouse, has died at the age of 43 following a battle with cancer.
The announcement was made on Monday by the company, with a spokesperson confirming that Radvinsky passed away peacefully. His family has requested privacy during this time.
Radvinsky, a Ukrainian American businessman born in Odesa and raised in Chicago, acquired a 75 percent stake in Fenix International Limited, the parent company of OnlyFans, in 2018. He served as the company’s director and majority shareholder.
Under his leadership, OnlyFans experienced rapid growth, particularly during the Covid 19 pandemic, becoming one of the most widely used subscription based content platforms globally. The platform now boasts hundreds of millions of users and millions of content creators.
In 2024, the company reported net revenue of approximately $1.4 billion, earning a 20 percent commission on most creator income. Earlier this year, it was valued at around $5.5 billion during early stage sale discussions.
Radvinsky, who held a degree in economics from Northwestern University, had an estimated net worth of $3.8 billion as of May last year. He transferred his ownership stake into the LR Fenix Trust in 2024.
Beyond OnlyFans, he founded Leo, a venture capital firm established in 2009, which focused on technology investments. He was also recognised for his philanthropic efforts, particularly in supporting cancer research and open source initiatives.
His death marks the loss of a key figure in the global digital economy, whose influence reshaped the online content industry.
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