The owner of OnlyFans has died. The company was named a candidate for an IPO in 2028

Billionaire Leonid Radvinsky, the majority owner of the OnlyFans platform, has died of cancer, Bloomberg reported, citing a company statement.

Radwinski was 43 years old. He was born in Ukraine but grew up in the United States. The entrepreneur rarely gave interviews. The company reported that he had been struggling with illness for a long time.

Radwinski in 2018 acquired a controlling stake in OnlyFans, which became known for posting pornographic content that is banned on most social media platforms. Radwinski turned the platform into a cultural phenomenon by allowing content creators to charge for their postings directly, Bloomberg writes. The company charges a 20% commission for most subscription plans and for content sold on the platform. OnlyFans had revenue of $1.4 billion in 2024.

Radwinski himself has received approximately $1.8 billion in dividends from OnlyFans since 2021. According to Forbes on March 23, his fortune was estimated at $4.7 billion.

Radwinski's death raises questions about the ownership of one of the most controversial online platforms, Bloomberg notes. A representative of OnlyFans told the agency that Radwinski transferred his ownership rights to a trust in 2024. The entrepreneur was also in exclusive talks to sell nearly 60% of OnlyFans to San Francisco-based investment firm Architect Capital, The Wall Street Journal wrote in January, citing sources. According to them, taking into account the debt, OnlyFans was planned to be valued at about $5.5 billion.

Architect Capital saw an opportunity to create an infrastructure on OnlyFans to pay content creators who do not have access to banking services, the company said in its presentation, which was reviewed by the publication. The potential buyer also noted that OnlyFans has a chance to go public in 2028.

This article was AI-translated and verified by a human editor