Leonid Radvinsky, an American businessman of Ukrainian origin and owner of the adult content platform OnlyFans since 2018, died this Monday at the age of 43 due to cancer, as confirmed by the platform itself.
“With deep sadness we announce the passing of Leo Radvinsky. Leo passed away peacefully after a long battle with cancer,” a company spokesperson said in an official statement, adding that “his family requests privacy at this difficult time.”
Radvinsky acquired in 2018 a majority stake in Fenix International, the parent company that owns and manages OnlyFans, by buying it from Guy and Tim Stokely, creators of the platform launched in 2016.
A billion-dollar business
According to information advanced to Bloomberg by sources close to the process, the entrepreneur of Ukrainian roots was exploring the sale of 60% of the company's capital, based on an approximate valuation of 5.5 billion dollars (4.75 billion euros). The investment firm Architect Capital, based in San Francisco (USA), had entered into conversations to lead a proposal that would combine shares and about 2 billion dollars (1.728 billion euros) in debt, although in February these negotiations were still in a preliminary stage.
Radvinsky's personal fortune was estimated at around 4.7 billion dollars (4.062 billion euros) at the time of his death, according to calculations by “Forbes” magazine, which placed him in the 869th position of the largest fortunes on the planet.