Leo Radvinsky, the Ukrainian-American businessman who controlled the adult content platform OnlyFans, passed away Monday at 43 years old after battling cancer, according to a company announcement.
“We are deeply saddened to announce the death of Leo Radvinsky. Leo passed away peacefully after a long battle with cancer,” a company representative stated. “His family have requested privacy at this difficult time.”
The entrepreneur purchased Fenix International Limited, which owns OnlyFans, back in 2018 and held the position of director while maintaining majority ownership of the business.
Beyond OnlyFans, Radvinsky operated Leo, his own venture capital firm established in 2009 that specializes in backing technology startups.
The subscription-based platform, originally launched in 2016 by British businessman Tim Stokely, experienced explosive growth during the coronavirus pandemic as stay-at-home orders pushed both content creators and users to digital platforms, transforming it into a widely recognized source of income and entertainment worldwide.
Earlier this year in January, reports emerged that OnlyFans was considering selling a controlling interest to Architect Capital, an investment company, in a transaction that would value the platform at approximately $5.5 billion when including debt.
