Main points
- OnlyFans is selling less than 20% of the company's shares, valued at $3 billion, following the death of owner Leonid Radvinsky.
- Negotiations for the sale are underway with Architect Capital, and control will remain with the Radvinsky family trust.
After the death of Leonid Radvinsky, OnlyFans is preparing to sell a share of the business / Collage of Channel 24
OnlyFans is preparing for a deal to sell a minority stake in the business. Negotiations with Architect Capital took place less than a month after the death of the platform's owner, Leonid Radvinsky.
What is known about the sale of a stake in OnlyFans?
The company is selling a stake of less than 20%, while the company itself was valued at $3 billion. All this comes against the backdrop of the death of the platform's owner, who passed away last month, the FT writes.
According to sources, negotiations are underway with the San Francisco-based investment fund Architect Capital, to whom part of the company could be sold.
- Interestingly, attempts to attract investors to OnlyFans have been ongoing for several years.
- But recently, this process has actually been “slowed down” due to the illness of the owner, Ukrainian-American entrepreneur Leonid Radvinsky.
The deal could close as early as next month, according to several people familiar with the negotiations. However, even after the stake sale, control of the company will remain in the hands of Radvinsky's family trust, which is currently headed by the businessman's widow, who is leading the sale process after her husband's illness and death.
People close to the deal say the move should add stability to the business, even though the platform is already making a lot of money: OnlyFans paid out a record $701 million in dividends last year alone.
Previously, the company considered selling a controlling stake and wanted to get a valuation of over $5 billion. But now they have decided to sell only a small stake without transferring control – accordingly, the valuation has become more modest.
Interestingly , earlier, according to The Wall Street Journal, the same Architect Capital was even in exclusive talks to buy a controlling stake. In addition to it, other players have also shown interest in OnlyFans, including the investment company Forest Road Company, which is supported by British billionaires David Ruben and Simon Ruben.
What is known about Radvinsky?
The businessman was originally from Odessa. Leonid Radvinsky moved to Chicago with his family as a child. He has recently lived in Florida. The OnlyFans company reported that, despite his privacy, he supported a number of charitable initiatives in different countries.
It is with deep sadness that we announce the passing of Leo Radvinsky. He passed away peacefully after a long battle with cancer.
– the official statement says.
Leonid Radvinsky acquired a controlling stake in the OnlyFans platform in 2018 and turned it into a true cultural phenomenon that changed the adult content industry by allowing authors to directly earn money from their materials.
He also owned the service's parent company, Fenix International Ltd. Before his death, Radvinsky was negotiating the sale of a 60% stake in OnlyFans.
How is income from OnlyFans taxed in Ukraine?
The State Tax Service has paid special attention to the popular platform OnlyFans in Ukraine. Fenix International Ltd, which owns it, was forced to share information about the income of Ukrainians. Ivan Mudrachenko, a lawyer and managing partner of the law firm Mudri Partners, spoke about how the work of creators is legally regulated and whether it is legal in a comment to Channel 24 .
In accordance with the Convention between the Government of Ukraine and the Government of the United Kingdom of Great Britain and Northern Ireland for the Elimination of Double Taxation, income of Ukrainians from OnlyFans for creating content is paid at the person's place of residence.
Ivan Mudrachenko
Managing Partner of the law firm “Mudri Partners”
Fenix International Ltd is a platform that makes payments to content creators based on a service provision agreement. These services are provided by non-residents and are not subject to UK tax as they do not create a permanent establishment and activities are not considered to be carried out in the UK. Therefore, income received from the platform should be taxed exclusively in Ukraine.
Therefore, OnlyFans models pay personal income tax and military levy. For Ukrainians without individual entrepreneurs, the tax is 18% of income , and military levy is 5%. But if users register as individual entrepreneurs of the third group under the simplified taxation system, the tax burden will be lower.
OnlyFans news in Ukraine
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In Ukraine, OnlyFans models have won 27 court cases, overturning millions in fines from the State Tax Service. Courts have often sided with plaintiffs over tax violations, such as using outdated addresses for messages.
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As of October 2025, it was known that Ukrainians who received income from OnlyFans in 2020–2022 did not pay taxes in the amount of 384.7 million hryvnias, and tax authorities have already begun processing these incomes.
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In general, Ukrainian models on OnlyFans earn about $10,000 per month, but net income is reduced due to taxes and expenses.