Many people know Len Blavatnik as Britain's wealthiest man. The billionaire is rumored to be bidding for several studios. Blavatnik says he has given or pledged over $1 billion to philanthropy, mostly to universities, including Oxford, Stanford and Harvard. Leonard Blavatnik has two daughters and two sons. [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. 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. AAR reportedly paid just a quarter of the sum. Sources reported that the bid was around 40 million. In 2017, the gallery named their new 266 million extension building the Blavatnik Building. He was ranked the Fourth Richest Man in the United Kingdom in the Sunday Times Rich List 2014. . His investment firm Access Industries holds stakes in chemicals firm LyondellBasell, energy conglomerate Calpine and house flipping website Opendoor. Alex Blavatnik, brother of billionaire Len Blavatnik, has purchased a penthouse adjacent to New York Citys Museum of Modern Art for nearly $25 million, records show. Primary Income source Business. His wealth is estimated at $20 billion (2019). 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. 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 This does not mean [58] Chief Executive Officer Simon Denyer explained: "With revenues dropping and investment not available, we can only survive by making some hard decisions. Fundamental company data provided by Morningstar, updated daily. See the list of most profitable insider traders. Climate Activist Greta Thunberg Detained in Germany During Coal Mine Protest, Best and Worst Airlines of 2022: The Effect of the Southwest Mess, Fed Talks: A Conversation With St. Louis Fed President James Bullard, Watch: California Floods Leave Behind Washed Away Houses, Submerged Cars. [65][66] In 2020, The Times newspaper described Blavatnik as "Britain's arts philanthropist-in-chief". Blavatnik's company []. Nothing on this website constitutes, or is meant to constitute, advice of any kind. As part of its exit financing, LyondellBasell raised $3.25 billion of first priority debt as well as $2.8 billion through the rights offering jointly underwritten by Access Industries, Apollo Management, and Ares Management. Two years ago the billionaire put up $1.8 billion in a second big chemicals bet. This list only includes insiders that have made at least three trades in the last two years. Blavatnik's ABF6A LLC sold unit 6A at the 18-story luxury condo building at. The stock performance is charted as cumulative percent change in share Access currently owns approximately 21% of LyondellBasell. [90], In 2017, after two senior Trump administration officials went on record as being lobbyists for Blavatnik's Access Industries,[91] Blavatnik was mentioned in investigations led by Special Counsel Robert Mueller into Russian donations to the administration. [10] Blavatnik attended Moscow State University of Railway Engineering, but did not complete his coursework due to the family's request for emigration visas. NELSON PELTZ. [4], Blavatnik made his initial fortune after the collapse of the Soviet Union in the privatization of state-owned aluminum and oil assets. Monthly Income And Salary. Copyright 2023 USA Swimming. 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. Leonard is married to Emily Appelson, who is an American citizen. AAR far outbid its competitors but did not end up buying the agreed sum. At Moscow State University of Railway Engineering, Blavatnik became close friends with Viktor Vekselberg, another Ukrainian Jew. Sir Leonard Valentinovich Blavatnik[a] (born June 14, 1957) is a Ukraine-born American-British business magnate and philanthropist. He joined Access Industries in 1996 in order to handle the organizations activities in Russia. According to the recent analysis of 2022, we have got that the estimated net worth of Len Blavantik is about $21.8 billion. His family name adorns institutions in the U.S . If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. Blavatnik bought artist Damien Hirst's giant gilded wooly mammoth skeleton entitled "Gone (but) Not Forgotten" for $15 million in 2014. All Rights Reserved. Click here to see the complete history of Alex Blavatnik's form 4 insider trades. Registration: D-ALEX. He's now one of the 20 richest Americans, with a net worth of $38.3 billion. [78], In 2016, Blavatnik funded a new hall at the Victoria and Albert Museum redevelopment. By now, most Americans are aware of the deep and disturbing connections between Russias oligarchs and the countrys president, Vladimir Putin, thanks to an onslaught of news coverage and a growing list of sanctions aimed at them and their business empires. 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. Sri and Gopi Hinduja and Family Net Worth: 16 Billion Industry: Manufacturing & Finance Image Source He says there's more to come. [96] The couple have four children. As of July 2022, the net worth of Len Blavatnik's has grown by an estimated $32 Billion. [100], Blavatnik is a friend of former Israeli Prime Minister Benjamin Netanyahu and a supporter of Donald Trump. [21] The deal also made Len Blavatnik, Mikhail Fridman, German Khan and Viktor Vekselberg, who controlled half of TNK-BP, billions of dollars. As of January 2023, Len Blavatnik's net worth is estimated to be roughly $32 Billion. [71] The Blavatnik School of Government began accepting students in September 2012, and the new permanent home of the school was constructed on the Radcliffe Observatory Quarter. You will be charged [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. They were very poor at the time. 01/13. The yacht is a 73.80-meter motor yacht custom-built by Nobiskrug in Rendsburg in 2013. We are delighted that you'd like to resume your subscription. This website is provided as is without any representations or warranties, express or implied. Since investing in. Blavatnik was born in 1957 in Odessa, then in the Ukrainian SSR and part of the Soviet Union, to a Jewish family. He is a dual citizen of the U.S. and the U.K. This category only includes cookies that ensures basic functionalities and security features of the website. Add or change photo on IMDbPro Add to list Awards 1 nomination Known for Long Strange Trip 8.2 Producer 2017 Between Me and My Mind 7.6 Producer 2019 Ballet Now 7.3 Producer 2018 For the Love of Spock 7.6 Producer 2016 Credits Edit Producer6 On Thursday Alan Faena and Len Blavatnik hosted the first ever Faena Art Gala, which toasted 10 years of Faena art initiatives throughout various cultural disciplines and artistic collaborators. Lots of rich people made lots more money. For full functionality of this site it is necessary to enable JavaScript. You might contact Alex Blavatnik via mailing address: C/o Warner Music Group Corp., 1633 Broadway, New York Ny 10019. The other big shareholder in Rusal is Mr. Deripaskas En+ Group, which controls 48 percent. Len's income mostly comes from and basic source is being a successful French -born British businessman, investor, and philanthropist. The BF on the 767 stands for Blavatnik Family. On April 30, 2010, LyondellBasell emerged from Chapter 11 bankruptcy protection in a significantly improved financial position. The Wall Street Journal; 06/22/22; [84], Blavatnik, who is closely associated with Russian oligarchs such as Viktor Vekselberg and Oleg Deripaska, is one of the largest donors to the US Republican Party, and in 20152016 donated a total of $7.35 million to six Republican political candidates, including South Carolina Senator Lindsey Graham, Florida Senator Marco Rubio and Arizona Senator John McCain. made by the insider in the last three years. [10] At the time, Fridman told the press: "Any business should be sold if you're offered the right price. [17], In August 2005, Access Industries bought petrochemicals and plastics manufacturer Basell Polyolefins from Royal Dutch Shell and BASF for $5.7 billion. Russian kleptocracy has entered the donor pool of Hudson Institute, he told The New York Post. Investor Fundsmith accuses Unilever of 'virtue signalling' and prioritising Peltz. Mr. Blavatnik is also on the board of Clal Industries Ltd., WMG Acquisition Corp. and Warner Music Group Corp. Educated at Harvard and Columbia, Len first became rich by investing in Russian oil. Annual Salary. Year: 2014. [47] Blavatniks Access Entertainment finalized its purchase of the Theatre Royal Haymarket in June 2018. [78] In 2016, the Blavatnik family foundation made a $25 million gift to Carnegie Hall. Enjoy a 7-Day Free Trial Thru Jan 25, 2023. Businessman. of 18,838,682 shares. In this situation, we would . [2][3] In 2017, Blavatnik received a knighthood for services to philanthropy. 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. Co-CEO Robert Kyncl Alex Blavatnik is known for Long Strange Trip (2017), Between Me and My Mind (2019) and Ballet Now (2018). Hence, very little is known about them. ", "Opinion | Is Harvard Whitewashing a Russian Oligarch's Fortune? price. Apart from being a business tycoon, Blavatnik strongly believes in giving back to the needy. of 18,213,517 shares made by Ai Entertainment Holdings Llc Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies. Blavatnik has been a producer on several Broadway shows including "The Front Page" and "Sunset Boulevard. 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. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. BRUNELLO CUCINELLI. [61], Blavatnik is a member of the Global Advisory Board of the Centre for International Business and Management at Cambridge University, a member of the board of Dean's Advisors at the Harvard Business School, a member of the Harvard Medical School Board of Fellows,[62] and a member of the academic board at Tel Aviv University. In 1996, Mr. Blavatnik and Mr. Vekselberg helped found SUAL, a large aluminum producer; through it, they own over a quarter of Rusal. Meanwhile, London-based Dazn aims . Blavatnik's TNK company obtained Chernogorneft at $180 million, even though the company had produced $1.2 billion worth of oil the year before. 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. All Rights Reserved. Necessary cookies are absolutely essential for the website to function properly. [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. He went public with Warner Music in June 2020 for four times the value after purchasing the company for $3.3 billion in 2011. In 2007, he acquired land in Hollywood worth $625 million. He's given hundreds of millions to universities mostly in America and England. Is Harvard Whitewashing a Russian Oligarchs Fortune? Len Blavatnik attended university and studied computer science and railway engineering. The company is based in Atlanta, though it also has New York offices. The work comprises a vitrine containing the gold-plated 10,000-year-old skeleton of a mammoth. Net worth: 20bn 3bn on 2021Source of wealth: Investment, music and mediaRank on the Rich List: 4 3 on 2021Vladimir who? Israel's Ha'aretz newspaper calls him "one of the biggest oligarchs to have emerged from the former Soviet Union." 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. 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. The first dean of the school is professor Ngaire Woods. [15] Blavatnik began his business career by accumulating shares in aluminum smelters in the period of privatisation that followed the collapse of the Soviet Union. [53], DAZN specialise in buying rights to broadcast sports including football, boxing and Formula 1 motor racing, outside of their domestic markets. Very little is known of Blavatniks parents. $30-40 Billion. Warner Chappell, the firm's publishing arm, is the home to over 65,000 composers and songwriters with over a million copyrights represented. Billionaires Viktor Vekselberg and his U.S.based business partner Len Blavatnik are stuck in a New York court after their massive Russian oil deal fails to deliver on alleged shareholder agreement. to the present day. Their original investment was $8 billion of assets. Russian TV Touts a Big Victory in Ukraine. Mr. Blavatnik has served as a director since July 20, 2011. [85][86][87] In February 2016, Blavatnik donated over $1 million to an anti-Donald Trump GOP group. Customer Service. 2004-2023 GuruFocus.com, LLC. Alex Blavatnik, as he is known in United States, has been serving as the director of the Warner Music Group Corporation since 2011. On the Ground, Its More Complicated. I am a wealthy man. Early Life Sir Leonard Blavatnik was born on the 14th of June, 1957, in Soviet Ukraine. Alex Blavatnik - Insider Trading Tracker. a net He is the owner of the Odessa II yacht. Warner is controlled by Access Industries, which owns an 84% economic interest and 99% of voting rights. Those deals, and others, involved a series of transactions with individuals with checkered pasts, deep Kremlin ties and a reputation for corruption. Donations include GBP 75 million to the University of Oxford to establish a new school of government. Cucinelli tops forecast with near 30% sales jump in 2022. [85] In August 2017, political scientist Bo Rothstein resigned from the Blavatnik School of Government out of opposition to Blavatnik's politics. [80], In 2018, Columbia's School of Engineering and Applied Science announced a gift from Blavatnik's foundation to fund engineering innovations in health. The average trade profitability is the average return of all the open market purchases In doing so, he replaced Sir James Dyson. 2015-2023 Fintel Ventures LLC. Arnault oversees some 70 fashion and cosmetic brands, and has . [7][12][13], In 1986, Blavatnik founded the holding company, Access Industries Holdings, of which he is chairman and president. [76] At the same time, Blavatnik also announced three $250,000 national prizes, in conjunction with the New York Academy of Sciences, for young scientists restricted to scientists under the age of 42. Other key executives at Warner Music Group Corp include At which point, Blavatnik sold $1.9 billion of shares. Estimated Net Worth in 2021. Over the past 18 months, and Customer Service. Len Blavatnik Net Worth. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Alex Blavatnik, brother of energy billionaire Len Blavatnik, just sold his condo at Faena House for $13 million. Early life and Education Blavatnik was born in Odesa, Soviet Ukraine, to a Jewish circle of relatives. Now hes writing huge checks to the university. [10] Alex Wong // Getty Images #39. of 35,000 shares. In addition, Mr. Blavatnik is engaged in numerous philanthropic pursuits and sits on the boards of several educational and charitable institutions. sale "[21] At the time of the purchase, Blavatnik, a U.S. citizen, was living in New York. Past performance is a poor indicator of future performance. . We are having some technical difficulties. Now worth $171 billion, Arnault's wealth eclipsed the Tesla CEO's $164 billion fortune . #ptsBlock_278710 .ptsColFooter .ptsActBtn{display:block;} #ptsBlock_278710 .ptsCol:first-child{padding-left:0;} #wpsm_accordion_1315 .ac_open_cl_icon{background-color:#e8e8e8 !important;color:#008949 !important;float:right !important;padding-top:12px !important;padding-bottom:12px !important;line-height . If you don't, the market will punish you. 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? GuruFocus.com is not operated by a broker or a dealer. Net worth: $3.2 billion. In addition, he has interests in Tory Burchs fashion house. 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. 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