Who Owns OnlyFans Now? Wild Rumour Claims Diddy Bought The Platform For $6.7 Bn After Leonid Radvinsky's Death

The death of Leonid Radvinsky, the majority owner of OnlyFans, at the age of 43 has left uncertainty over who owns OnlyFans now. The Ukrainian-American entrepreneur passed away peacefully after a long battle with cancer, the platform confirmed on Monday.

His death has sparked wild speculation online, including unverified claims that Sean 'Diddy' Combs bought the site for £5 billion ($6.7 billion).

Ownership Structure Centres on Family Trust

Radvinsky acquired a majority stake in Fenix International, OnlyFans' British parent company, in 2018. Under his ownership the subscription platform grew rapidly, especially during the pandemic, attracting millions of creators and subscribers who pay for exclusive content.

Radvinsky's shares in the company have been held in a trust for some time, according to reports. This arrangement is expected to provide continuity following his death, with his wife Katie Chudnovsky and other family members likely to play a role in any future decisions. He kept a notably low public profile throughout his time at the helm.

Earlier this year the company held preliminary talks to sell a majority stake to San Francisco-based Architect Capital. Those discussions, reported in January, valued OnlyFans at £4.1 billion ($5.5 billion) including debt, with the equity portion around £2.6 billion ($3.5 billion). No deal was completed before Radvinsky's passing.

Diddy Rumour Spreads Rapidly on Social Media

OnlyFans issued a short statement. 'We are deeply saddened to announce the death of Leo Radvinsky. Leo passed away peacefully after a long battle with cancer,' it said. 'His family have requested privacy at this difficult time.'

Speculation about a sale intensified after the announcement. One claim suggested that the American rapper and entrepreneur Sean 'Diddy' Combs had acquired the platform for a substantial sum. The rumour gained traction on Instagram, with some posts asserting that talks were under way or even concluded.

Such stories are hardly a surprise given the platform's high profile and the vacuum created by sudden news. Diddy has faced his own legal challenges in recent years, which only added to the online chatter. OnlyFans has made no comment on any potential buyer, and no credible evidence has emerged to support the Diddy claim.

Platform's Future Under Review as of 24 March 2026

Chief executive Keily Blair continues to lead day-to-day operations. The business generated £1 billion ($1.4 billion) in revenue last year, with users spending far more on subscriptions and tips. Radvinsky was estimated to be worth £3.5 billion ($4.7 billion) at the time of his death, having taken substantial dividends in previous years.

Who owns OnlyFans now remains formally with the trust structure he established. Any change in control would attract close attention from regulators and the millions of creators who depend on the site. The adult content focus has long complicated traditional investment, yet the loyal user base has proven resilient.

As of 24 March 2026, no further details on ownership transition or new sale talks have been released. The platform Radvinsky built is expected to continue operating without immediate disruption. With Radvinsky's fortune built on a model that funnels the vast majority of earnings straight to creators, the platform's resilience now rests in the hands of the LR Fenix Trust.