Leonid Radvinsky, owner of controversial subscription-based streaming platform ‘OnlyFans’, has died. He breathed his last at the age of 43 after a long battle with cancer. This information was given in an official statement from the organization on Monday.
According to the Financial Times report, the Ukrainian-American entrepreneur had been suffering from terminal cancer for some time. A condolence message from the organization said, ‘It is with great sadness that we announce that Leo Radvinsky has passed away peacefully after a long battle with cancer. His family has requested privacy during this difficult time.’
In 2018, Radvinsky bought a majority stake in UK pornography and entertainment streaming platform ‘Phoenix International’ (parent of OnlyFans). It was under him that the platform reached its peak of global popularity and became one of the main sources of income for everyone from sex workers to celebrities. He was the director and major shareholder of this company for life.
Radvinsky has become one of Britain’s highest individual dividend earners since his takeover of Onlifans. Last year his company declared a record 70 million USD dividend. Before his death, he was said to be in talks to sell the streaming platform for a multi-billion dollar deal.
The UK-based company led by Leonid Radvinsky revolutionized the modern online content distribution and subscription model.
