Amelia Gentleman

He also set up an investment fund.

He was based in Florida.

And the little that we do know about him comes from a webpage that he had where he talks only about his investment fund.

and not about pornography.

But the critical moment in his life came, I think, in 2018, where he became aware of a British company called OnlyFans, set up by a family of British people in a town in Essex.

And this family, the Stokely family, had set up in 2016 the company OnlyFans.

Leonid Radvinsky had heard about this website and he decided to buy it.

He paid an undisclosed sum for it in 2018.

And I imagine that the Stokely family felt that they'd done quite well from it.

However, they will no doubt be kicking themselves now, eight years on, because the size of the company has absolutely rocketed.

By 2023, Leonid Radvinsky was taking huge dividends out of the company and paid himself $472 million.

By 2024, that had increased to $701 million.

By the time that Leonid Radvinsky died 10 days ago,

His net worth was estimated at $4 billion or somewhere between $4 billion and $5 billion.

And the company itself was valued at somewhere between $5.5 billion and $8 billion.

There was an attempt, I think, to sell it last summer that didn't come off, and then

From the beginning of the year, the company went into exclusive negotiations with a San Francisco-based investment fund called Architect Capital.

We know that the sale didn't go through before Radvinsky's death.

But the owner of Architect Capital, James Sagan, remains in exclusive negotiations to buy the firm with those interested in looking after the family trust.

We've seen revenues grow very reliably over the last five years, but there are risks to being in this sector.