The passing of Leonid Radvinsky, the actual controller of OnlyFans, has brought the platform's future ownership into focus.

PANews reported on March 23 that Leonid Radvinsky, the de facto controller of OnlyFans and owner of adult content platform Fenix ​​International Ltd., has passed away from cancer at the age of 43. Since acquiring a controlling stake in OnlyFans in 2018, Radvinsky has transformed it into a platform where creators can charge users directly. Currently, the platform takes approximately 20% commission on subscriptions and content, and in 2024, it boasted approximately 4.6 million creator accounts and 377 million users, generating $1.4 billion in revenue. Since 2021, he has received approximately $1.8 billion in dividends from OnlyFans and will transfer his shares to a trust in 2024. At the time of his death, OnlyFans was in talks with Architect Capital to sell approximately 60% of its stake, valuing the platform at approximately $5.5 billion.