OnlyFans Founder Leonid Radvinsky Passes Away

0:00It's March 23rd. Welcome to Sydney News Today, powered by AI, I'm Cory with the story. Leonid Rydvinsky, the billionaire behind OnlyFans, has passed away at age 43 after a long fight with cancer. The company announces death on Monday, saying he died peacefully and that his family wants privacy now. Rydvinsky took a majority stake in the platform back in 2018 and helped turn it into a huge success. He was started as a site for creators to sell content directly exploded during the pandemic lockdowns, especially for a dull material banned elsewhere. He grew up in Ukraine before his family moved to Chicago, where he studied economics at Northwestern University. As a team, he launched early sites like MyFreeCams that let users pay for explicit videos, setting the stage for his career. Just before his death, Rydvinsky was negotiating to sell a 60% stake in OnlyFans for an enterprise value of about $5.5 billion. The platform now has over 4.6 million creators, 377 million fans, and pulled in $1.4 billion

1:05in. Revenue last year, taking a 20% cut. He recently shifted ownership to a trust and supported various charities worldwide. With his passing, questions linger about the site's next chapter and those ongoing sale talks.