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Fenix International

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OnlyFans owner dies at 43, ending a controversial tech saga
business19 days ago

OnlyFans owner dies at 43, ending a controversial tech saga

Leonid Radvinsky, the Ukrainian-American billionaire who built OnlyFans by acquiring a majority stake via Fenix International in 2018, has died at 43 after a cancer battle, the company announced. OnlyFans, UK-based but profitable in the US, has paid creators more than $25 billion and generated about $7.2 billion from fans in the past year, with a record $701 million in dividends paid to him last year. Radvinsky had explored a multibillion-dollar sale and a 2022 IPO that never materialized, and his shares have been held in a trust since 2024. The company asked for privacy for his family during this difficult time.

OnlyFans Owner Rakes in Millions in Dividends and Daily Payouts
business2 years ago

OnlyFans Owner Rakes in Millions in Dividends and Daily Payouts

The owner of OnlyFans, the popular online platform used by sex workers, musicians, and celebrities, has received a $338 million payout in dividends as its parent company, Fenix International, reported annual profits of over half a billion dollars. OnlyFans now hosts more than three million creators and serves almost 240 million users. The platform saw a 47% increase in creators and a 27% increase in users. Non-subscription services, such as tips and on-demand content, accounted for more than half of the company's revenues. OnlyFans experienced significant growth and profitability during the pandemic but may face challenges as restrictions are lifted.