It was revealed on Monday that the billionaire owner of OnlyFans has died aged just 43. According to the BBC, Leonid Radvinsky succumbed to a lengthy battle with an undisclosed form of cancer.
OnlyFans, the company he bought in 2018, said in a statement announcing the sad news that he "passed away peacefully after a long battle with cancer". They added: "His family have requested privacy at this difficult time."
Leonid was born in Odesa, Ukraine but grew up in Chicago. He is understood to have most recently been residing in Florida, but it is not known which family members he leaves behind.
The then-budding businessman completed an economics degree at Northwestern University. According to the Wall Street Journal, he was a teenager when he first began running pornography sites.
© Getty ImagesHuge fortune
Before OnlyFans, report Forbes, Leonid founded a website referral business called Cybertania. He also owned a successful adult webcam company.
He acquired OnlyFans just under a decade ago from its parent company Fenix International Limited. The site had been founded by UK father-and-son entrepreneurs Guy and Tim Stokely in 2016.
The social media platform was started with just a £10,000 investment, and it was already on the up when Leonid paid millions to take control. However, just two years after his purchase, the site's popularity soared even during the pandemic.
© Getty ImagesOnlyFans takes 20% from payments made to creators, who can charge for videos and photos. It has been credited with revolutionising the porn industry, but its content also includes the likes of cooking and fitness.
In 2023, Leonid was included in Forbes' annual list of billionaires. He was reported by the magazine to be making $1.9 million (£1.42 million) a day in 2024, and according to The Guardian, his net worth is estimated to be $3.8 billion (£2.84 billion) as of May 2025.
According to the company's most recent Companies House filing, the company generated $1.4 billion (£1.04 billion) in revenue from more than £7 billion in transactions in 2024 alone. It has been reported by Sky News
