Leonid Radvinsky, the owner of OnlyFans, has died from cancer aged 43.

The American businessman, who was born in Ukraine but grew up in Chicago, purchased Fenix International Ltd – the British parent company of OnlyFans – from its founders Tim and Guy Stokely in 2018.

OnlyFans is a platform where users pay a subscription to creators in return for video content or images, or tip them for custom requests.

While other creators are on the platform, it is known for transforming the pornographic industry.

Radvinsky, estimated by Forbes to be worth $4.7 billion, “passed away peacefully after a long battle with cancer”, OnlyFans confirmed in a statement.