AP- Leonid Radvinsky, the billionaire owner of OnlyFans, the adult content platform, has died from cancer, according to the company. He was 43.
Radvinsky transformed the pornography industry with OnlyFans’ subscription-based model after acquiring the company that owns & operates the platform in 2018.
“We are deeply saddened to announce the death of Leo Radvinsky. Leo passed away peacefully after a long battle with cancer,” a company spokesperson said in a statement on Monday. Little is known about Radvinsky’s personal life & he seldom spoke publicly.
OnlyFans allows creators to charge directly for their content. While it attracts some celebrities, athletes & other public figures as a way to interact with fans and monetize off of those interactions, it is largely known for its use by those making or seeking pornographic content.
The site’s increase in popularity in the porn industry coincided with the pandemic, when many sex workers joined OnlyFans as an alternative to in-person venues and interactions. The platform has been tremendously lucrative for some people, allowing them to earn thousands every month. The company has reported making billions of dollars annually in gross revenue & has hundreds of millions of users.
Earlier in his career, Radvinsky created a website called MyFreeCams, according to Reuters, which was a pioneer in letting people pay for explicit content online.
Born in Ukraine, Radvinsky grew up in Chicago & studied economics at Northwestern University, where he was his class valedictorian.
Radvinsky acquired Fenix International Limited, the company that owns & operates OnlyFans, in 2018 & served as its director & majority shareholder.
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