Leonid Radvinsky, the billionaire proprietor of the adult content platform OnlyFans, has died at the age of 43 following a struggle with cancer. 

OnlyFans confirmed Radvinsky’s demise on Monday. The firm expressed that it was “deeply saddened” by his loss, as stated by a representative, noting that his family has requested privacy. Reuters was the first to break the news. 

Hailing from Odesa, Ukraine, Radvinsky relocated to Chicago as a young boy and began operating adult streaming sites during his teenage years, launching MyFreeCams in 2004.

In 2018, Radvinsky acquired a 75% share in Fenix International Limited, the parent company of OnlyFans, and held the positions of director and majority owner. Aside from OnlyFans, he also invested in technology companies through Leo, a venture capital fund he founded in 2009.

OnlyFans was established in 2016 by Tim Stokely and saw immense growth during the COVID-19 pandemic. The platform allowed creators to earn directly from their work, drawing many individuals from the adult industry looking for a dependable income source. To date, OnlyFans has distributed over $25 billion to its creators.

Radvinsky’s death occurs just months after the company was reportedly in talks to sell a 60% stake in OnlyFans, which would have positioned the firm’s valuation around $5.5 billion.