Leonid Radvinsky
Ukrainian-American businessman From Wikipedia, the free encyclopedia
Leonid Radvinsky[a] is a United Kingdom-based[2] Ukrainian-American[3] billionaire businessman and computer programmer. He is the founder of the cam site MyFreeCams (through his holding company, MFCXY, Inc.),[4][5] and the majority owner of content subscription service OnlyFans.
Leo Radvinsky | |
|---|---|
Леонід Радвінський | |
| Born | Leonid Radvinsky 1982 (age 42–43)[1] |
| Education | Northwestern University |
| Years active | 1999-present |
| Known for | Majority owner of OnlyFans |
| Website | lr |
Biography
Radvinsky was born in Odesa and his family later emigrated to Chicago when he was a child.[6] In 2002, he graduated from Northwestern University with a degree in economics.[7][8] He is Jewish.[9]
Radvinsky operates a venture capital fund called "Leo", founded in 2009,[7] which invests mainly in tech companies.[10] Notable investments include Israel-based B4X and the social networking software Pleroma.[8] Radvinsky is also a supporter of the Elixir programming language.[3]
He donated $5 million to Ukraine relief in 2022 as well a cancer charity, an animal-welfare organization, and a skin-disorder-research fund.[8]
Career
Summarize
Perspective
Early career
In 1999, when Radvinsky was 17 years old, he helped incorporate Cybertania Inc., a website referral business.[6] During the late 1990s and early 2000s, Radvinsky developed more than ten websites such as Password Universe, Working Passes and Ultra Passwords that claimed and were advertised to provide users with "illegal" and "hacked" passwords to porn sites, where he earned money for every click.[6][11] However, according to Forbes there wasn't any evidence suggesting the sites actually linked to illegal content.[12] Ultra Passwords reportedly earned $1.8 million a year in revenue during the 2000s.[8]
In 2004, he founded MyFreeCams, an adult streaming website.[6] The same year, Microsoft sued Radvinsky for allegedly sending millions of deceptive emails to Hotmail users, but the case was eventually dismissed.[13][14]
OnlyFans
In 2018, he bought a 75% stake in OnlyFans' parent company Fenix International Ltd. from its British founders Tim Stokely and his dad Guy Stokely.[5][15][16] After this, OnlyFans became increasingly focused on not safe for work (NSFW) content and "gained a pop culture reputation for being a hive of pornography".[15] OnlyFans had annual revenues in excess of $6.6 billion as of November 2023, with revenues growing 19% per year.[17] Radvinsky received $472 million in dividends from the website in 2023, up from $338 million and $284 million in 2022 and 2021, respectively.[18] As of March 2024, he had an estimated net worth of $3.0 billion, per Forbes' Real-Time Billionaire rankings.[19]
Political activity
In 2023, according to The Lever's reporting on private financial documents, Radvinsky and his spouse contributed $11 million to AIPAC, a pro-Israel lobbying group. When asked for comment, Radvinsky disputed the contribution.[20]
Notes
References
External links
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