He was ranked the Fourth Richest Man in the United Kingdom in the Sunday Times Rich List 2014. He is a dual citizen of the U.S. and the U.K. The company is based in Atlanta, though it also has New York offices. [67] Some critics characterize his donations as influence-buying and whitewashing. [35][36] Though WMG was the World's third largest record company[37] and considered a "trophy asset", it was also laden down with debt[38] and struggling to find an answer to online music piracy. 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. [88] He also donated $1 million to the committee for the inauguration of Donald Trump. 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. 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. In July 2020, Forbes listed him as the 45th wealthiest person in the world, with a net worth of $25.2 billion. would show a series of downward sloping curves, indicating negative returns after each sale transaction. 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. The 1999 lawsuit was resolved in 2003 when British Petroleum acquired TNK, for $8 billion, forming TNK-BP, one of the largest oil companies in Russia. ELON MUSK. Educated at Harvard and Columbia, Len first became rich by investing in Russian oil. The Soviet-born Blavatnik is the wealthiest person in Britain, with an estimated net worth of $39.9 billion built on his company Access Industries' diversified investments in everything from . The self-made billionaire's wealth has ballooned in recent years thanks to his privately held . Leonard is married to Emily Appelson, who is an American citizen. Sir Leonard Valentinovich Blavatnik[a] (born June 14, 1957) is a Ukraine-born American-British business magnate and philanthropist. $250 Million +. Len Blavatnik owns 19 percent of the Houston, Texas-based chemical company LyondellBasell. 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. Monthly Income And Salary. Warner Music Group Corp (WMG) [65][66] In 2020, The Times newspaper described Blavatnik as "Britain's arts philanthropist-in-chief". We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. and Feedback for the Mock Behavior Analysis Exam is provided by content area, not by question. What lessons does that teach Harvard students? 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? This does not mean Owner of Warner Music, he donated $25 million to Carnegie Hall . [58] Chief Executive Officer Simon Denyer explained: "With revenues dropping and investment not available, we can only survive by making some hard decisions. In response, Carnegie Hall renamed its first level of boxes "The Blavatnik Family First Tier". Mr. Blavatnik is entitled to spend his money how he pleases. [78], In 2016, Blavatnik funded a new hall at the Victoria and Albert Museum redevelopment. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. 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. Ukraine-born American investor Leonard Blavatnik came in at No. Fintel is a registered trademark. Len Blavatniks entertainment firm Access Entertainment bought the 67-year lease remaining on the Theatre Royal Haymarket, for a reported 45 million. A change in price from $10 to $20 would would be 100%, and a change in price of $10 to $5 would be -50%. See the list of most profitable insider traders. He was an early investor in Beats Electronics' streaming platform. The award reflects the generosity of Len and Alex Blavatnik, longtime board members at the Center. 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. ", Related by financial asset: United Co. RUSAL Plc, Related by financial asset: Block Inc Class A. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. "[77], In 2014, Blavatnik became a trustee of Carnegie Hall in New York City. [73], In 2013, Harvard University announced a $50 million donation from Blavatnik's foundation to sponsor the establishment of the Blavatnik Biomedical Accelerator[74] and encourage life sciences entrepreneurship at the university[75] and named the first five HBS graduates to receive the Blavatnik Fellowship in Life Science Entrepreneurship. Of Jewish ancestry, Leonid Valentinovich Blavatnik was born on June 14, 1957 in Odessa, Ukraine. Warner's larger segment, recorded music, consists of iconic labels like Atlantic Records, Warner Records, and Parlophone Records and popular artists such as Ed Sheeran, Cardi B, Dua Lipa, and Blake Shelton. As of 2019, Blavatnik was ranked 27th in the Forbes 400 list. This page provides a comprehensive analysis of the known insider trading history of Alex Blavatnik. Len Blavatnik Yacht. The billionaire is rumored to be bidding for several studios. And US$ 50 million to Harvard University to sponsor life sciences entrepreneurship at the university. [5] He owns most of Warner Music Group and has stakes in several publicly traded assets via his privately held U.S. company Access Industries Holdings. [23] It was the first time that a foreign company was in control of a major producer in Russia's energy heartland. Reflects change since 5 pm ET of prior trading day. In 2017, Blavatnik received a knighthood for services to philanthropy.. Blavatnik made his initial fortune after the collapse of . 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. Len Blavatnik Net worth: $32.3 billion. The familys efforts into philanthropy are very recognized all over America. He has an estimated net worth of $33 billion. 13. nearly $8 billion. Blavatnik was born in Ukraine, emigrated to the United States, and got an MBA from Harvard University before making his investments in the Soviet Union's natural resource industries. [95], Blavatnik is married to Emily Appelson Blavatnik. 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. Necessary cookies are absolutely essential for the website to function properly. 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) . 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However, they must report all trades to the SEC via a Form 4. [80], In 2018, Columbia's School of Engineering and Applied Science announced a gift from Blavatnik's foundation to fund engineering innovations in health. 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. to their financial advantage. The seller was the buildings developer, a partnership between Hines and Pontiac Land. 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. 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. Non-planned Try again later. Blavatnik bought artist Damien Hirst's giant gilded wooly mammoth skeleton entitled "Gone (but) Not Forgotten" for $15 million in 2014. Or maybe they are the same thing. The same year, the Russian billionaire Mikhail Blavatnik sued JPMorgan Chase after losing $100 million after following Morgan's advice three years earlier to buy mortgage securities with AAA credit ratings. Warner Chappell, the firm's publishing arm, is the home to over 65,000 composers and songwriters with over a million copyrights represented. BRUNELLO CUCINELLI. 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. [19] He and a friend from university, Viktor Vekselberg, formed the Renova investment vehicle. What is Len Blavantik's net worth? Fundamental company data provided by Morningstar, updated daily. He eventually got into the steel business and he became one of the richest engineers in the world with a net worth of $25.7 billion. INTERSECT Portfolio Builder / Fund Intersect. The aluminum and oil tycoon also donated $180,000 to Cuomo . I will spend whatever it takes. Israel's Ha'aretz newspaper calls him "one of the biggest oligarchs to have emerged from the former Soviet Union." He also boasts dual citizenship with the US and UK . For full functionality of this site it is necessary to enable JavaScript. [17], In August 2005, Access Industries bought petrochemicals and plastics manufacturer Basell Polyolefins from Royal Dutch Shell and BASF for $5.7 billion. 2. [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. It is illegal for insiders to make trades in their companies based on specific, non-public information. 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 Acting CFO & Corp. Contr. [55], In June 2018, DAZN paid 600 million for domestic screening rights for Italian Serie A football matches in a three-year deal. 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. [25] The sale represented the liquidation of the majority of Blavatnik's Russian assets. You may change your billing preferences at any time in the Customer Center or call Blavatnik's TNK company obtained Chernogorneft at $180 million, even though the company had produced $1.2 billion worth of oil the year before. This list only includes insiders that have made at least three trades in the last two years. His wealth is mostly derived from his diverse investments in Europe, South and North America as well as Russia. Net Worth details: Len Blavatnik holds a 19 percent stake in chemical company LyondellBasell which is based in Houston, Texas. 01/09. Access currently owns approximately 21% of LyondellBasell. Annual Salary. Len Blavatnik demonstrates how a fortune can be reshaped again and again. Noted, Leonard's primary income source is Business, Currently, We don't have enough information about Cars, Monthly/Yearly Salary, etc. Round-up top news and topics for each of the following cities, Select the newsletter you'd like to receive below. 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