Exclusive | Reclusive OnlyFans owner looks to cash out –
The billionaire owner of OnlyFans, Leonid Radvinsky, has discreetly put the popular adult content platform up for sale, but finding a buyer has proven challenging due to its explicit business model, according to sources familiar with the situation.
Radvinsky, a computer programmer in his 40s who acquired OnlyFans in 2019, is reportedly seeking to offload the platform despite its lucrative profits that have significantly increased his net worth to $3.8 billion, as reported by Forbes.
Having immigrated to Chicago from Odessa, Ukraine, as a child, Radvinsky studied economics at Northwestern University and currently resides in a Miami penthouse with his wife, as per a source. Public records indicate that he received dividends of $472 million from OnlyFans in the fiscal year ending November 2023.
Despite the significant profits, the adult content nature of porn businesses typically limits their valuation to three to five times Ebitda, making it challenging to attract potential buyers willing to pay a premium price, insiders noted.
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