India, March 23 -- Leonid Radvinsky, the billionaire owner of OnlyFans, has died at 43 from cancer, the company said on Monday. The Ukranian-American entrepreneur was 43 years old.

"We are deeply saddened to announce the death of Leo Radvinsky. Leo passed away peacefully after a long battle with cancer," an OnlyFans spokesperson said.

Radvinsky acquired Fenix Internationalm, the parent company of OnlyFans, in 2018 from founder Tim Stokely. He was the majority shareholder and a director on the board.

Under his leadership, OnlyFans evolved into an adult-content-driven business, growing to more than 300 million users and generating over $1 billion in annual revenue. The platform became especially known for its subscription-based model, wh...