PANews, March 23: According to Bloomberg, Leonid Radvinsky, the actual controller and owner of Fenix International Ltd., the parent company of OnlyFans, has passed away from cancer at the age of 43. Since acquiring a controlling stake in OnlyFans in 2018, Radvinsky transformed it into a platform where creators can charge users directly; the platform currently takes approximately a 20% cut from subscriptions and content sales. In 2024, OnlyFans had around 4.6 million creator accounts and 377 million users, generating $1.4 billion in revenue. Since 2021, he had received approximately $1.8 billion in dividends from OnlyFans and transferred his equity into a trust in 2024. At the time of his passing, OnlyFans was in negotiations with Architect Capital to sell approximately 60% of its equity, valuing the platform at around $5.5 billion.
OnlyFans founder Leonid Radvinsky dies at 43; platform’s future under scrutiny
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Summary
On-chain news: Leonid Radvinsky, founder of OnlyFans, passed away at age 43 from cancer. He owned Fenix International Ltd. and led OnlyFans since 2018, enabling creators to charge users directly with a 20% platform fee. In 2024, the platform reported 4.6 million creators and 377 million users, generating $1.4 billion in revenue. Radvinsky received $1.8 billion in dividends since 2021 and transferred his shares into a trust in 2024. OnlyFans was in negotiations to sell a 60% equity stake, valuing the company at $55 billion. Crypto news: The platform’s future remains uncertain following his passing.
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