OnlyFans Founder Leonid Radvinsky Passes Away

0:00It's March 23rd. You're listening to Entertainment and Celebrity News today, AI-powered entertainment coverage. Only fans owner, Leonid Ravinsky, known as Leo, has passed away at age 43 after a long fight with cancer. The company confirmed the news on Monday, noting he died peacefully. As the majority shareholder and director of the platform's pair firm, he had steered it since acquiring it in 2018. Last year, Ravinsky explored selling the business for about $8 billion amid strong growth. In 2023, only fans paid creators $6.6 billion, a 19% jump from the prior year. Net revenue hit $1.3 billion with two-thirds from the United States and pre-tax profits rose 25% to $600-58 million. The platform boasts around 305 million users and keeps 20% of payments while creators take 80%. Big names like Cardi B, Bella Thorn, and Iggy Azalea draw huge followings.

1:02It also expanded beyond adult content with OFTV, a free streaming service launched in 2021 for saver viewing. Ravinsky was born in Ukraine, raised in Chicago, and earned a bachelor's degree in economics from Northwestern University. He invested as an angel in various startups and backed global philanthropy efforts. His family now asked for privacy during this tough time, leaving a notable mark on digital content and business innovation.