of 35,000 shares. Lots of rich people made lots more money. His investment firm Access Industries holds stakes in chemicals firm LyondellBasell, energy conglomerate Calpine and house flipping website Opendoor. Alex Blavatnik, as he is known in United States, has been serving as the director of the Warner Music Group Corporation since 2011. a net [78] In 2016, the Blavatnik family foundation made a $25 million gift to Carnegie Hall. Year: 2014. Fundamental company data provided by Morningstar, updated daily. sale Blavatnik also indicated the possibility of increasing his benefaction up to 100 million over time. Born in Ukraine, raised in Moscow, Blavatnik emigrated to the U.S. in 1978 for school. By selling ads in their games, Tripledot did $200 million in revenue last yearup 250% from the previous yearon estimated profit of around $30 million. Registration: D-ALEX. These cookies do not store any personal information. For full functionality of this site it is necessary to enable JavaScript. In 2004 the pair had to give up ownership of United Trading after the Russian government charged it with anti-competitive actions; they sold their shares to three other Kremlin-linked investors, Dmitri Pyatkin, Aleksandr Fraiman and Igor Annensky. They were very poor at the time. In response, Carnegie Hall renamed its first level of boxes "The Blavatnik Family First Tier". He is also a minority owner in Russia's largest producer of. Yearly Income And Salary. Consider the situation where an insider was doing this. Warner Music Group Corp (WMG)'s detailed insider trading history can be found in Insider Trading Tracker table. [103], In May 2021, he once again topped the Sunday Times Rich List, having seen his wealth increase by 7.2 billion in the year to a total of 23 billion. [39], In December 2020, Blavatnik made a donation of 10 million towards the renovation of the Courtauld Institute of Art. Since investing in. (Asked for comment, a Harvard spokeswoman said in a statement: Harvard Medical School is deeply grateful for the generous and transformational commitment from the Blavatnik Family Foundation that will support discovery at HMS propelling the schools mission to transform human health. She also referred me to someone who handles media relations for the foundation.). His daughter Debra is the cosmetics empire's president and CEO. Len Blavatniks entertainment firm Access Entertainment bought the 67-year lease remaining on the Theatre Royal Haymarket, for a reported 45 million. One of Mr. Blavatniks early investments, United Trading Company, which he owned with Viktor Vekselberg, another oligarch also under American sanctions, brought him censure from the Russian government. [70] The gift is one of the largest philanthropic gifts in the university's 900-year history. He made a fortune selling his stake in Russian oil company TNK-BP for $7 billion in 2013. trades in their own companies. [19] In a 2002 interview, Blavatnik told Bloomberg he was even considering creating his own railways. I am a wealthy man. [85], Blavatnik holds British and American citizenship. Mr. Blavatnik is entitled to spend his money how he pleases. Warner Music Group Corp (WMG) sale Likewise, non-cyclical declines Annual Salary. As a Harvard alumna, I find this appalling. Blavatnik is one of the world's wealthiest people, with a net worth of US$18 billion. Sir Leonard Blavatnik (previously 4th) - 23bn (up 7.2bn) . Master of Science, Columbia University; Master of Business Administration, Harvard Business School; Bachelor of Arts/Science, Moscow State University. He's given hundreds of millions to universities mostly in America and England. [57] Shortly after the outbreak of the pandemic, DAZN was forced to tell European football leagues that it would not pay for games that had been put on hold. The average trade profitability is the average return of all the open market purchases [78], In 2016, Blavatnik funded a new hall at the Victoria and Albert Museum redevelopment. Len Blavatnik owns 19 percent of the Houston, Texas-based chemical company LyondellBasell. [21] The deal also made Len Blavatnik, Mikhail Fridman, German Khan and Viktor Vekselberg, who controlled half of TNK-BP, billions of dollars. Type: Airbus A319. Fintel is a registered trademark. He acquired the company for $3.3 billion in 2011, investing. Len Blavatnik's net worth is valued at $37 billion After the collapse of the Soviet Union, Blavatnik bought up former state assets in Russia that were privatized by the government. Len's income mostly comes from and basic source is being a successful French -born British businessman, investor, and philanthropist. Necessary cookies are absolutely essential for the website to function properly. it is illegal for them to make any The other big shareholder in Rusal is Mr. Deripaskas En+ Group, which controls 48 percent. But institutions like the Hudson Institute and Harvard, which at least in principle stand for the ethical pursuit of knowledge, sully themselves by accepting it. Blavatnik is precisely what the Kleptocracy Initiative is fighting against the influence of Putins oligarchs on Americas political system and society and the importation of corrupt Russian business practices and values., Sources at the Hudson Institute said that Kleptocracy Initiative would continue, but did not comment on the Blavatnik gift. It is mandatory to procure user consent prior to running these cookies on your website. Len Blavatnik Net Worth. ODESSA II is a 73.17-meter yacht that can accommodate 12 guests in seven cabins and can be serviced by up to . Born on 14th July 1957, he is currently worth about $20.1 billion after purchasing Warner Music Group through his privately industrial group Access Industries in 2011 for $3.3 billion. Depart to serve better thy country and thy kind.. Arnault oversees some 70 fashion and cosmetic brands, and has . Yesterday FORBES and other news outletsreported that billionaire Len Blavatnik's Access Industries was on the verge of purchasing Warner Music Group. [33], On May 6, 2011, Warner Music Group announced its sale to Access for US$3.3 billion. Customer Service. . And US$ 50 million to Harvard University to sponsor life sciences entrepreneurship at the university. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Alex Blavatnik Director. After a contentious campaign to upzone part To make way for their ambitious redevelopment project on a 2.2-acre slice of North Beach, Alex Blavatnik and Sandor Alex Blavatnik, brother of energy billionaire Len Blavatnik, just sold his condo at Faena House for $13 million. [10] He has been described as a victor in Russia's "aluminum wars". I still remember that. Alex Blavatnik is known for Long Strange Trip (2017), Between Me and My Mind (2019) and Ballet Now (2018). . Donations include GBP 75 million to the University of Oxford to establish a new school of government. He is known as Len Blavatnik in America. ", "Filipino housekeeper claims Leonard Blavatnik won't hire her because of her ethnicity Virginia Lim files discrimination suit in U.S.", "Inside Paris's 25th Annual le Bal des Dbutantes", "Elizabeth Starling Louis, Julia McCaw et Laila Blavatnik", " Rich List 2015: Kensington property owner Len Blavatnik top with 13.17 BILLION fortune ", "The Meteoric Rise of Billionaire Len Blavatnik", Kremlin-linked Billionaire, Netanyahu Friend Donated to Trump's Private Legal Fund, "Music boss Blavatnik named as Britain's richest man", "Leonard Blavatnik named UK's richest person with 23bn fortune", The New York Academy of Sciences' Blavatnik Awards for Young Scientists, https://en.wikipedia.org/w/index.php?title=Len_Blavatnik&oldid=1133391972, This page was last edited on 13 January 2023, at 15:20. [96] The couple have four children. "[58], In late 2020, DAZN unveiled a slate of original documentary programming featuring global sporting icons such as Ronaldo and British boxer Anthony Joshua. We are having some technical difficulties. Len Blavatnik, who made his first billions in Russia, credits much of his success to his academic parents and to his education. of 18,838,682 shares. [22] In 1999, TNK acquired Sidanco's best assets via bankruptcy proceedings. Currently, he oversees Access operations out of its New York-based headquarters and serves as a director of various companies in the Access global portfolio. If you require advice in relation to any financial matter you should consult an appropriate professional. The annual award recognizes the accomplishments of outstanding young scientists in the U.S., the U.K., and Israel in the areas of life sciences, physical sciences and engineering and provides all finalists with a significant cash prize. Its Not Just Inflation: Avian Flu Will Pump Up Prices Of Thanksgiving Turkeys, Tripledot Simplifies Game Development: No Characters, No Quests, Nothing More Complicated Than Wordle, The Faena Art Gala Kicked Off The Season With Decadence, Glamour And A 250-Pound Tuna, Here Are The Billionaires Backing Joe Bidens Presidential Campaign, As Of September 2019, A Man Of 3 Worlds: The Russian-American Billionaire Giving Millions To U.S. and U.K. There are a lot of rewards for established scientists, but I don't think young scientists get enough encouragement and support in a systematic way. Their original investment was $8 billion of assets. For this list, we included people and families who are listed as New . sale In 2011, he invested in the music industry by buying record-label Warner Music for $3.3 billion. This page provides a comprehensive analysis of the known insider trading history of Alex Blavatnik. 42 with a net worth of $16.7 billion. Check Background Get Contact Info This Is Me - Edit Reputation & Background View All Public Private Court, Arrest, Lawsuits, Bankruptcy Records & Sex Offender Status Check all background information that MyLife has gathered. Len Blavatnik demonstrates how a fortune can be reshaped again and again. Len Blavatnik Net Worth, Biography, Wife, Age, Height, Weight, and many more details can be checked from this page.Len Blavatnik is a British-American business magnate and philanthropist of Ukrainian Jewish origin who has a net worth is around 33 billion dollars.Although many experts believe that his wealth is around thirty-five billion dollars, most newspapers believe only the figure of . On December 20, 2007, Basell completed its acquisition of the Lyondell Chemical Company for an enterprise value of approximately $19 billion. [25] The sale represented the liquidation of the majority of Blavatnik's Russian assets. The BF on the 767 stands for Blavatnik Family. [55], DAZN's last set of published results, for the year to 2019, showed a loss of more than $1.3 billion for continuing and discontinued operations. Mr. Blavatnik is an Executive Vice President and Vice Chairman of Access. Non-planned Finally, we average all of the performance metrics to calculate a performance metric for the insider. The Wall Street Journal; 06/22/22; Warner Music Group is the third largest of the three major global record labels, with Vivendi's Universal Music in first and Sony Music in second. Len & Emily Blavatnik Net worth: Source of wealth: Music, chemicals Contributions: $55,600 ENERGY Gordon & Ann Getty Net worth: $2.1 billion Source of wealth: Getty Oil Contributions:. [99] He also has a residence in Manhattan valued at more than $250 million. of 510,165 shares made by Max Lousada $ + tax Nearly $150M worth of condos on the market, Miami Beach approves new overlay district for Ocean Terrace, Alex Blavatnik buys at Faena House for $11.6M. [10] Blavatniks key role within the group was to act as a connection to western businesses such as British Petroleum. One of the gates to Harvard Yard has a celebrated inscription: Enter to grow in wisdom. [10] TNK was one of few remaining state-owned oil companies. and Sign In. Yet a surprising number of respected American institutions dont seem to get it, including two that I am connected with: the Hudson Institute and Harvard. [46], In April 2018, it was reported that Blavatnik was a front runner in the bidding to purchase Britain's third oldest theatre, the Theatre Royal Haymarket. [18] Blavatnik was a board member of Rusal from 2007 to 2016. He lives in London with his family. Long Strange Trip will debut May 26 on Amazon Prime Video in the U.S. and U.K. as a six-part documentary, with additional territories to be announced. Mr. Blavatnik has served as a director since July 20, 2011. [59], Access Industries purchased the mobile phone technology company Acision from the IT Group Logica for 265 million in 2007. [77] At the time, Blavatnik told the media: "The Nobel's about $1 million, I thought $250,000 was big enough to make it really interesting but not big enough to be scary. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. The resulting company, LyondellBasell Industries then became the world's eighth largest chemical company based on net sales. After purchasing Warner Music in 2011 for $3.3 billion, he took the company public in June 2020 at quadruple the value. The Blavatnik Family Foundation actively funds and supports young scientists of America, recognizing their efforts in the field of scientific research in physical, life sciences and engineering. On Tuesday, the founder, director and sole funder of the Hudson Institutes Kleptocracy Initiative, Charles Davidson, announced that he was leaving his position at the head of the initiative because Hudson had accepted a $50,000 donation for a table at its annual gala from Leonard Blavatnik, a Soviet-born dual British-American citizen who made his money in the rough and tumble of Russias commodities privatizations during the 1990s and now owns, among other properties, Warner Music Group. Billionaire Len Blavatnik Pledges $30M To Fund Young Scientists And Keep Innovation In The U.S. Len Blavatnik's LyondellBasell Trade Is Becoming Legendary, Billionaire Len Blavatnik Buys Warner Music Group For $3.3 Billion, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Billionaire Len Blavatnik, who initially made his massive fortune on Russian energy and aluminum deals, got out of his big oil holding last year when Rosneft bought TNK-BP for $55 billion. each of those durations to generate a final performance metric for each trade. Though Mr. Blavatnik is not under American sanctions himself, many of his associates are, including Mr. Deripaska. Born in Ukraine, raised north of Moscow, Len Blavatnik immigrated to the U.S. in 1978 with his family; he studied computer science at Columbia University and received an MBA from Harvard Business School. Blavatnik was ranked as the 20th richest person in the world by Forbes as of March 2022, with a net worth of $35.4 billion. This investment adviser does not provide advice to individual investors. In 2007, he acquired land in Hollywood worth $625 million. If, for example, the share price of the company was in a non-cyclical climb Forbes ranks Blavatnik as the 59th richest in the world as of November 2019. 2023 Forbes Media LLC. I will spend whatever it takes. [5] Blavatnik made his wealth through the acquisition of these commodities. On the Ground, Its More Complicated. 2. [85][86][87] In February 2016, Blavatnik donated over $1 million to an anti-Donald Trump GOP group. [73], In 2013, Harvard University announced a $50 million donation from Blavatnik's foundation to sponsor the establishment of the Blavatnik Biomedical Accelerator[74] and encourage life sciences entrepreneurship at the university[75] and named the first five HBS graduates to receive the Blavatnik Fellowship in Life Science Entrepreneurship. He also boasts dual citizenship with the US and UK . "[77], In 2014, Blavatnik became a trustee of Carnegie Hall in New York City. [53], DAZN specialise in buying rights to broadcast sports including football, boxing and Formula 1 motor racing, outside of their domestic markets. Mr. Blavatnik is a former Division I swimmer at Miami University in Oxford, OH and now an avid Masters swimmer with Ft. Lauderdale Swim Team at the International Swimming Hall of Fame Pool. $30-40 Billion. The money will be used to establish the Blavatnik Art, Film and Photography Galleries. [80], In 2018, Columbia's School of Engineering and Applied Science announced a gift from Blavatnik's foundation to fund engineering innovations in health. All Rights Reserved. [7][8][9] Blavatniks parents moved to Yaroslavl, a Russian city north of Moscow, when Blavatnik was a child. Sri and Gopi Hinduja and Family Net Worth: 16 Billion Industry: Manufacturing & Finance Image Source Anyone can read what you share. , his net worth has been growing significantly in 2021-2022. [39] In May 2020, Warner Music announced it would proceed with an initial public offering that valued the company at $13.3 billion. By clicking Subscribe you agree to our Privacy Policy. (if applicable) for The Wall Street Journal. Early life and Education Blavatnik was born in Odesa, Soviet Ukraine, to a Jewish circle of relatives. Len Blavatnik, the Ukrainian-born and Russian-raised billionaire businessman with a net worth of $17.9 billion, says he has given away $500 million to charity so far, mostly to world-renowned . Warner Chappell, the firm's publishing arm, is the home to over 65,000 composers and songwriters with over a million copyrights represented. Early Life Sir Leonard Blavatnik was born on the 14th of June, 1957, in Soviet Ukraine. As a subscriber, you have 10 gift articles to give each month. Len Blavatnik made billions as a Kremlin insider. Blavatnik's company []. ", "Opinion | Is Harvard Whitewashing a Russian Oligarch's Fortune? [2][3] In 2017, Blavatnik received a knighthood for services to philanthropy. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Those deals, and others, involved a series of transactions with individuals with checkered pasts, deep Kremlin ties and a reputation for corruption. [54] The company, which is dependent on subscriptions, saw revenue take a hit when the COVID-19 pandemic brought an abrupt halt to live sports. He is also the Executive Vice President and Vice Chairman of Access Industries, along with being a director of WMG Acquisition Corp. Alex Blavatnik made Ann Marlowe is a writer and consultant who specializes in investigating corruption. The Real Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry. The aluminum and oil tycoon also donated $180,000 to Cuomo . Donald Trumps real net worth? Prior to business school, Ilana was a . Eric Eisner, Nick Koskoff, Alex Blavatnik. In 2017, the gallery named their new 266 million extension building the Blavatnik Building. Owners company: Evraz. [10] The college was one of the only high-ranking colleges in Moscow to accept Jewish people, who were then subject to widespread discrimination in the country. Mr. Blavatnik is also active in Maccabi sports and has competed at several international Maccabi events, including two World Maccabiahs in Israel. He is a dual citizen of the U.S. and the U.K. The seller was the buildings developer, a partnership between Hines and Pontiac Land. He made an early fortune from Russian oil company TNK-BP, including billions in dividends paid by the joint venture and the sale of his stake in 2013 for $7 billion. He's now one of the 20 richest Americans, with a net worth of $38.3 billion. Net worth: 20bn 3bn on 2021Source of wealth: Investment, music and mediaRank on the Rich List: 4 3 on 2021Vladimir who? trade are trades that were not made as part of a 10b5-1 trading plan. [54], In May 2018, DAZN signed an eight year, $1 billion deal with Eddie Hearn's Matchroom Boxing to stream fights on a new U.S. subscription service. For his contributions to philanthropy, Blavatnik was knighted in 2017. On Nov. 8, Harvard Medical School announced that the Blavatnik Family Foundation had pledged $200 million to the institution, creating the Blavatnik Institute and Blavatnik Harvard Life Lab. Len Blavatnik Yacht. [26], In 1999, Blavatnik sought to obtain the competing oil company Chernogorneft, which was being auctioned off. Insiders are officers, directors, or significant investors in a company. [67], In December 2021, Blavatnik donated half of the 15 million required to prevent the sale and dispersal of the Honresfield Library on the open market. [29] LyondellBasell stock has increased 103% in value since April 2010. "[13], In early 2010, Access Industries was reported as one of a handful of bidders for Metro-Goldwyn-Mayer. The collection, originally created by Lancashire Industrialists William and Alfred Law, includes Bront family manuscripts, Jane Austen letters, handwritten poems by Robert Burns. Billionaire financier Len Blavatnik's bet on "[21] At the time of the purchase, Blavatnik, a U.S. citizen, was living in New York. Sky-high inflation and a persistent outbreak of the viral avian flu is driving up the costs to produce turkey this year while threatening the supply. Blavatnik earned nearly $5 billion in dividends from Russian oil companies, and sold 12.5 percent of TNK-BP for $7 billion in 2013. . [17] Tyumen Oil was auctioned off with criteria that exactly matched AAR. Len Blavatnik, a business tycoon and philanthropist of Ukrainian Jewish descent, was born on June 14, 1957, in Odesa, Soviet Ukraine. In 2017, Blavatnik received a knighthood for services to philanthropy.. Blavatnik made his initial fortune after the collapse of . Today, Blavatnik is known in the West for posing with celebrities in his capacity as head of Warner Music Group, and for his profuse philanthropy. [10] The New York-based business[14] controls 21% of LyondellBasell, the world's largest producer of polypropylene. [97][98], He owns a Grade II listed building on "the most expensive street in the world", Kensington Palace Gardens (number 15), which is valued at 200 million. In the case of (a), the PURCHASE chart would show [17], In 1997, Blavatnik Access Industries united with Viktor Vekselberg's Renova Corp and Mikhail Fridman's Alfa Group, to form a company AAR (Alfa, Access, Renova). Blavatnik began his business career by accumulating shares in aluminum smelters in the period of privatisation that followed the collapse of the Soviet Union. This category only includes cookies that ensures basic functionalities and security features of the website. Through the Blavatnik Award for Young Scientists, billionaire Len Blavatnik is looking to inject crucial capital to support younger scientists take innovative approaches to solve pressing problems, spur innovation, and inspire younger generations. To calculate this, we examine every open-market, unplanned purchase Holmes. The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals Born in Odessa he went to Moscow State University of Railway Engineering, but didn't finish his coursework because of the family's request for emigration visas. a net [10] At the time, Fridman told the press: "Any business should be sold if you're offered the right price. Fridman, who was highly politically connected, had been a member of Boris Yeltsins inner circle in the mid 1990s. A 1993 graduate of Columbia Business School, Mr. Blavatnik joined Access in 1996 to manage the companys growing activities in Russia. We are delighted that you'd like to resume your subscription. Ultimately, we are trying to determine how closely the insider's trades correlate to excess returns (positive or negative) in the share price in order to see Stock quotes provided by InterActive Data. Click here to see the complete history of Alex Blavatnik's form 4 insider trades. At Moscow State University of Railway Engineering, Blavatnik became close friends with Viktor Vekselberg, another Ukrainian Jew. [104], In 2013, Blavatnik was made chevalier of the French Legion d'Honneur. The company is part of Perform Group, a U.K. based sports media company owned by Len Blavatnik's Access Industries. Or God. [10] He is also the Executive Vice President and Vice Chairman of Access Industries, along with being a director of WMG Acquisition Corp. The building, which was finished in summer 2015, was designed by the Swiss architects Herzog & de Meuron. would show a series of downward sloping curves, indicating negative returns after each sale transaction. He took the title from Sir James Dyson, whose wealth rose by only 100m to 16.3bn, leaving him in fourth place. In 2010, Blavatnik sued JPMorgan Chase after losing $100 million by allegedly following Morgan's advice three years earlier to buy mortgage securities with AAA credit ratings. If you don't, the market will punish you. Income Source. This follows on a $50 million gift by the foundation to the university in 2013. [79], In 2018, Harvard Medical School announced a $200 million donation from Blavatnik's foundation to sponsor research, investments in data science, and the creation of subsidized lab space for biotech startups. Alex Blavatnik - Insider Trading Tracker. Former collegiate swimmer at Miami of Ohio Avid Masters swimmer Alex Blavatnik BOARD MEMBER Alex Blavatnik is an Executive Vice President Deputy Chairman of Access Industries, a privately held, New York-based industrial group with long-term holdings worldwide in natural resources and chemicals, media, technologies and real estate. However, this alone is not enough to draw conclusions. The self-made billionaire's wealth has ballooned in recent years thanks to his privately held . Alex Blavatnik - Net Worth and Insider Trading Alex Blavatnik Insider Ownership Reports Based on ownership reports from SEC filings, as the reporting owner, Alex Blavatnik owns 1 companies in total, including Warner Music Group Corp (WMG) . According to Forbes, he is the worlds 39th richest person. Co-CEO Robert Kyncl Len Blavatnik Net worth: $32.3 billion. $250 Million +. There was a lot of excitement on Wall Street when the billionaire Len Blavatnik pocketed nearly $2 billion in cash after Warner Music, the world's third-largest record label, completed its. In this situation, we would [21], The first order of business for AAR was to buy 40 per cent of a struggling oil producer Tyumen Oil (TNK) for $800 million. Dmitry Yakubovskiy 's net worth is estimated at SFR 600 million or US$ 750 . The company also invested in regional electricity generating stations, which they used to supply power to their energy-intensive aluminium businesses. [92] Since April 2016, Blavatnik contributed $383,000 to the Republican National Committee and $1 million to Trump's inauguration fund; he also made a donation to Trump's legal fund. He is also a minority owner in Russia's largest producer of aluminum, United Co. Rusal. [19] He and a friend from university, Viktor Vekselberg, formed the Renova investment vehicle. Universities, Billionaire Takes Over West End Theater In Record-Breaking Deal, Bad Year For Russian Billionaires: Three Fight Over $2 Billion From Oil Deal, Four Seasons Takes Over Management of The Ocean Club on Paradise Island, Billionaire Len Blavatnik's Boomerang Tube Files For Bankruptcy Due To Oil Slide, Billionaire Len Blavatnik's LyondellBasell Investment Looks A Little Less Great After Oil Price Drop, How One Billionaire's Bet On LyondellBasell Turned Into The Greatest Deal In Wall St. History. [22], BP later sued TNK in the New York courts, claiming that the Sidanco assets were acquired illegally. You will be notified in advance of any changes in rate or terms. In summary, during the past 3 months, insiders sold 35,000 shares of Warner Music Group Corp (WMG) in total and bought 0 shares, with a net The yacht is a 73.80-meter motor yacht custom-built by Nobiskrug in Rendsburg in 2013. Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram. [73], In 2016, Blavatnik supported the $1.2 billion regeneration of rundown section of Miami's South Beach area into a centre for arts and culture. Sir Leonard Valentinovich Blavatnik (born June 14, 1957) is a Ukraine-born American-British business magnate and philanthropist. In July 2020, Forbes listed him as the 45th wealthiest person in the world, with a net worth of $25.2 billion. INTERSECT Portfolio Builder / Fund Intersect. Mr. Blavatnik who, with a net worth of over $20 billion, is the richest man in Britain and the 29th-richest in America cut his teeth in the brutal aluminum wars in 1990s Russia alongside Oleg Deripaska and Roman Abramovich, who has estimated that every three days someone in the business was murdered. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security Blavatnik's TNK company obtained Chernogorneft at $180 million, even though the company had produced $1.2 billion worth of oil the year before. He is the owner of the Odessa II yacht. Mr. Blavatniks glory at Hudson largely lasted just one night. [23] It was the first time that a foreign company was in control of a major producer in Russia's energy heartland. [48][49], Blavatnik also owns AI Film, the independent film and production company that backed Lee Daniels film The Butler and the summer 2015 release Mr. The stock performance is charted as cumulative percent change in share What is Len Blavantik's net worth? of 115,000 shares made by Lincoln E Benet The aluminum giant Rusal, where he is a major shareholder, is facing direct sanctions due to go into effect soon; Rosneft, an energy company owned by the Russian government where he also made millions, expects the ax to fall shortly. [85] In August 2017, political scientist Bo Rothstein resigned from the Blavatnik School of Government out of opposition to Blavatnik's politics. [81], In June 2020, on the day of the Warner initial public offering, Access announced a $100 million fund to support "charitable causes related to the music industry, social justice and campaigns against violence and racism", supported by the Blavatnik family foundation. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Len Blavatnik | Net worth: $30.6 billion - Source of wealth: music, chemicals - Age: 63 - Country/territory: United States | Business entrepreneur Len Blavatnik built his . [4], Blavatnik made his initial fortune after the collapse of the Soviet Union in the privatization of state-owned aluminum and oil assets. Billionaire Len Blavatnik owns 4 private jets: His largest is a Boeing 767 with registration N673BF. [83], In 2011, Blavatnik donated to both President Barack Obama and his GOP rival, former Massachusetts governor Mitt Romney. A little later, he bought a chain of five-star hotels in France. Ukraine-born American investor Leonard Blavatnik came in at No. Or maybe they are the same thing. It took more than a year of Miami Beach residents squaring off against each other at packed commission hearings, A company managed by Alex Blavatnik,brother of billionaire Len Blavatnik, dropped $11.55 million on fifth-floor unit at Faena House, All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. [27] On January 6, 2009, the U.S. operations of LyondellBasell Industries filed for bankruptcy.[28]. [95], Blavatnik is married to Emily Appelson Blavatnik. [45] In March 2017, Bronfman and Blavatnik walked away from the deal, citing valuation issues. As of September 2014, Leonard Blavatnik is worth US $21.6 Billion. [6], After the collapse of the Soviet Union, Blavatnik bought up former state assets in Russia that were privatized by the government. Accepting gifts especially naming gifts from people with dubious sources of funds or close ties to despotic regimes encourages the view that dirty money can be cleansed by charity. NELSON PELTZ. Sources reported that the bid was around 40 million. Alex Blavatnik Age : 57 Public asset : 19,981,500 USD Linked companies : Warner Music Group Corp. Summary Presently, Alex Blavatnik is Vice Chairman & Executive Vice President at Access Industries LLC. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Bernard Arnault, the chairman of French luxury goods giant LVMH, has just become the first European to top Bloomberg's list of the world's richest people, relegating Elon Musk to second place. Up to this point, AAR had taken $19 billion in dividends from the joint venture. Leonard Blavatnik has two daughters and two sons. He joined Access Industries in 1996 in order to handle the organizations activities in Russia. Sign up to Stock Advisor for $79 for 1 year, All Jeans + Pants 25% off! The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Israel's Ha'aretz newspaper calls him "one of the biggest oligarchs to have emerged from the former Soviet Union." As of January 2023, Len Blavatnik's net worth is estimated to be roughly $32 Billion. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. I wonder if Harvard does. Alex Blavatnik, Brother of Billionaire Len Blavatnik, Pays Nearly $25 Million for MoMA Penthouse. [17] TNK then went on an acquisition spree, alighting on the oil company Sidanco, which was part-owned by the U.K. oil giant, British Petroleum. Leonard Blavatnik net worth is 21.1 billion USD Leonard Blavatnik Wiki: Salary, Married, Wedding, Spouse, Family Len Blavatnik is a producer and executive, known for Hacksaw Ridge (2016), The Butler (2013) and Silence (2016). Billionaire Blavatnik's firm injects $4.3 bln into British sports media group DAZN February 18, 2022 Len Blavatnik Agrees $4.3 Billion DAZN Recapitalization February 18, 2022 Spotter raises $200M to invest $1 billion into YouTubers' back catalogs February 16, 2022 Mobile Game Developer Tripledot Studios Raises $116M in Series B Financing These cookies will be stored in your browser only with your consent. ABF6A LLC, managed by Alex Blavatnik, sold the 4,381-square-foot Unit 6-A, with four bedrooms and 6.5 bathrooms, to Judith Licht and Leonard Licht. He graduated from Columbia Business School in 1993. Blavatnik had bought Warner in 2011 for $3.3bn, and the remaining Access stake is worth $13bn. In the case of (b), the SALE chart sale Enjoy a 7-Day Free Trial Thru Jan 25, 2023. Two years ago the billionaire put up $1.8 billion in a second big chemicals bet. Blavatnik who, with a net worth of over $20 billion, is the richest man in Britain and the 29th-richest in America cut his teeth in the brutal aluminum wars in 1990s Russia alongside Oleg. Is Harvard Whitewashing a Russian Oligarchs Fortune? So, how much is Sir Leonard Valentinovich Blavatnik networth at the age of 64 years old? His donors include Len Blavatnik, Chris Sacca, Eric Schmidt and Meg Whitman. Len Blavatnik's tertiary education in Moscow was cut short by emigrating to the USA with his family in 1978. Blavatnik, 64, delivered an initial $10,000 to Hochul's gubernatorial campaign on Nov. 11, then $59,700 on Jan. 12, the filings show. Based on ownership reports from SEC filings, as the reporting owner, Alex Blavatnik owns 1 companies in total, including He has a net worth of $28.5B. [10] The deal, labelled in the press as "Russia's deal of the decade" gave BP unprecedented access to vital Russian oil and gas. The boxes will carry the Blavatnik name until 2066. Blavatnik is worth $20.1 billion, rising to prominence after his privately held industrial group, Access Industries, purchased Warner Music Group for $3.3 billion in 2011. [7][12][13], In 1986, Blavatnik founded the holding company, Access Industries Holdings, of which he is chairman and president. https://www.nytimes.com/2018/12/05/opinion/harvard-russian-oligarch-whitewash.html. Blavatnik's ABF6A LLC sold unit 6A at the 18-story luxury condo building at. His family name adorns institutions in the U.S . . In addition, Mr. Blavatnik is engaged in numerous philanthropic pursuits and sits on the boards of several educational and charitable institutions. This website uses cookies to improve your experience while you navigate through the website. Investor Fundsmith accuses Unilever of 'virtue signalling' and prioritising Peltz. Alex Blavatnik is the director of Warner Music Group Corp. At the time of the donation, Lord Patten, Chancellor of the University of Oxford, described it as "a once-in-a-century opportunity for Oxford. Sir Leonard Valentinovich Blavatnik[a] (born June 14, 1957) is a Ukraine-born American-British business magnate and philanthropist. Noted, Leonard's primary income source is Business, Currently, We don't have enough information about Cars, Monthly/Yearly Salary, etc. In doing so, he replaced Sir James Dyson. $2.5 billion, according to our most recent tally. 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Other residents on the street include Israeli and Russian ambassadors. Earlier today the two sides announced the deal: a $3.3 billion all-cash buyout of the world's third-largest music company, whose artists include Green Day, Metallica and Bruno Mars. Other key executives at Warner Music Group Corp include made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. [69], In 2010, it was announced that Blavatnik and the Blavatnik Family Foundation would donate 75 million to the University of Oxford to establish a new school of government. Sir Leonard Blavatnik has topped the latest Sunday Times Rich List, having seen his fortune swell to 23bn. His net worth soared in 2020 when the company got regulatory approval to begin trials of its coronavirus vaccine. [58] Chief Executive Officer Simon Denyer explained: "With revenues dropping and investment not available, we can only survive by making some hard decisions. To be clear, Mr. Blavatnik is not accused of any crimes, in the United States or in Russia. 01/10. You may change your billing preferences at any time in the Customer Center or call [51], Blavatnik has been the owner of DAZN Group since 2014, when Access Industries increased its stake in the company from 42.5% to 77%. and He did this via his holding company, Access Industries. The story: Igor Olenicoff, 72, has . They accumulated smelters and plants until their company Sual had become the second-largest aluminum firm in Russia. He is a dual citizen of the U.S. and the U.K. Anti-corruption activists are worried", "Russian-born U.S. billionaire offers to buy Ma'ariv", "The world's 50 Richest Jews: 11-20: Len Blavatnik", "Secret Staircases and Gold Everything: A Tour of Russian-Billionaire New York", "From Russian oil to rock'n'roll: the rise of Len Blavatnik", "Len Blavatnik visits Medical School, discusses philanthropy, science", "The Blavatnik Fund for Engineering Innovations in Health", "Warner Music Suitor's Record of Deal-Making", "Warner Music lands $1.9bn share sale for owner Len Blavatnik", "World's Newest Music Mogul: Who is Len Blavatnik? , energy conglomerate Calpine and house flipping website Opendoor citizenship with the US and.! Blavatnik came in at no the French Legion d'Honneur are delighted that you 'd like to your... Sidanco 's best assets via bankruptcy proceedings Jeans + Pants 25 %!! Response, Carnegie Hall renamed its first level of boxes `` the Blavatnik name until.. 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