OnlyFans, the world's largest adult content subscription platform, issued a statement today (March 23) confirming that its majority shareholder, Ukrainian-American entrepreneur Leonid Radvinsky, passed away on March 20 from cancer . The low-profile tech tycoon passed away peacefully after a long battle with the disease, and his family has requested privacy during this difficult time.
From Venture Capitalist to Industry Disruptor: The Legendary Journey of Radvinsky
Radvinsky was born in Odesa, a port city in Ukraine, and moved to Chicago, USA, during his childhood. In 2018, he acquired a majority stake in Fenix International Ltd., the parent company of OnlyFans, from founder Tim Stokely. At the time, OnlyFans was still in its early stages, but under Radvinsky's leadership and catalyzed by the COVID-19 pandemic, the platform rapidly grew into a global cultural and business phenomenon.
Under his leadership, OnlyFans revolutionized the adult entertainment industry and influencer economy, empowering creators to directly collect subscription fees and tips from fans, taking a 20% cut. According to the latest wealth assessment, Radvinsky's net worth surpassed $4.7 billion in 2026.
He quietly did good deeds during his lifetime and established an asset trust business.
Despite working in the controversial adult content industry, Radvinsky rarely gives public interviews. According to official statements, he has long supported numerous charitable causes, including the Sloan Kettering Cancer Center (MSKCC), open-source software initiatives, and animal rights organizations. He also donated substantial funds to aid efforts in Ukraine following the outbreak of the Russia-Ukraine war in 2022.
Regarding the company's future operations, the market noticed Radvinsky's gradual asset succession planning as early as 2024. Reports indicated that he transferred ownership of his company to a trust in 2024 to ensure the platform's stable operation even in the event of unforeseen circumstances. Furthermore, earlier this year, it was also reported that the company was considering selling a majority stake to investment firm Architect Capital, with a potential valuation of up to $5.5 billion .
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