OnlyFans Lures Outside Capital As Architect Capital And Billionaire Tag Team Deal
The short version
- The deal would leave control of OnlyFans with the family trust headed by Katie Chudnovsky , widow of late owner Leonid, who acquired OnlyFans in 2018 via Fenix International.
- He was apparently battling cancer for several years.
- Top OnlyFans creator pornstar Sophie Rain mourned the death of Leonid, saying back in March how he " built something that changed my entire life.
- Like, I grew up on food stamps and now I can take care of my whole family because of a platform he created.
- OnlyFans was founded in 2016 and exploded in popularity during the Covid pandemic.
The story
Nearly seven weeks after OnlyFans owner and billionaire Leonid Radvinsky died, and after months of reports that the sex-worker streaming platform was exploring a stake sale, the Financial Times reported Friday morning that San Francisco-based Architect Capital is preparing to buy a minority stake in the company.
Australian billionaire James Packer, best known as the former head of the Packer family's media and casino empire, is expected to be among a group of investors lined up to support Architect Capital's deal to acquire a 15% stake in OnlyFans at a $3.1 billion valuation, according to FT's sources.
The deal would leave control of OnlyFans with the family trust headed by Katie Chudnovsky, widow of late owner Leonid, who acquired OnlyFans in 2018 via Fenix International.
Leonid died in March at 43. He was apparently battling cancer for several years.
Top OnlyFans creator pornstar Sophie Rain mourned the death of Leonid, saying back in March how he "built something that changed my entire life. Like, I grew up on food stamps and now I can take care of my whole family because of a platform he created. I will never forget that."
Radvinsky studied economics at Northwestern University and by 2018 had bought a majority stake in OnlyFans and helped transform the video content platform into an adult-content subscription business powerhouse that reshaped how sex workers monetize their bodies.
OnlyFans was founded in 2016 and exploded in popularity during the Covid pandemic. Some of the latest data from 2024 showed the website had 4.6 million creators, 377 million fans, and $1.4 billion in revenue.
As we've previously noted, Americans spent an estimated $2.6 billion on OnlyFans subscriptions in 2025.
OnlyFans is bringing in outside capital without giving up control while leaving Radvinsky's wife in charge. This may suggest the family trust is cashing out some value while simultaneously creating a pathway for broader monetization.
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