Alex Wong // Getty Images . Yesterday FORBES and other news outletsreported that billionaire Len Blavatnik's Access Industries was on the verge of purchasing Warner Music Group. 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. Together, they acquired an empire of recently privatized metals and energy companies, often for outrageously low prices. Blavatnik, 64, delivered an initial $10,000 to Hochul's gubernatorial campaign on Nov. 11, then $59,700 on Jan. 12, the filings show. Blavatnik became a U.S. citizen in 1984. Income Source. 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:. [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. Please Allow Javascript and reload this page. 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. [17][20], Blavatnik and Vekselberg initially obtained a stake in the Irkutsk Aluminum Plant. Apart from being a business tycoon, Blavatnik strongly believes in giving back to the needy. , [100], Blavatnik is a friend of former Israeli Prime Minister Benjamin Netanyahu and a supporter of Donald Trump. the post-purchase plots to be upwardly sloping. Since investing in. Noted, Leonard's primary income source is Business, Currently, We don't have enough information about Cars, Monthly/Yearly Salary, etc. [39], In December 2020, Blavatnik made a donation of 10 million towards the renovation of the Courtauld Institute of Art. [22], BP later sued TNK in the New York courts, claiming that the Sidanco assets were acquired illegally. His portfolio includes over $3.8 billion in art and real estate, as well as a $2 billion share of the DAZN group and a $6.8 billion stake in chemical giant LyondellBasell Industries. Anyone can read what you share. He went public with Warner Music in June 2020 for four times the value after purchasing the company for $3.3 billion in 2011. 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. 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. [80], In 2018, Columbia's School of Engineering and Applied Science announced a gift from Blavatnik's foundation to fund engineering innovations in health. Donations include GBP 75 million to the University of Oxford to establish a new school of government. Blavatnik loaned the project an artwork by Damien Hirst titled "Gone But Not Forgotten". Two years ago the billionaire put up $1.8 billion in a second big chemicals bet. Russian TV Touts a Big Victory in Ukraine. To be clear, Mr. Blavatnik is not accused of any crimes, in the United States or in Russia. 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) . [96] The couple have four children. Blavatnik's TNK company obtained Chernogorneft at $180 million, even though the company had produced $1.2 billion worth of oil the year before. [101], Blavatnik is also a longtime friend and business partner of Ukrainian-born Russian oligarch Viktor Vekselberg,[20] one of Russia's richest men, who is close to Russian President Vladimir Putin, and some other Russia-associated oligarchs being under Western sanctions for support of totalitarian regimes and criminal activities. 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. However, this alone is not enough to draw conclusions. 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. 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. Billionaire financier Len Blavatnik's bet on The company is part of Perform Group, a U.K. based sports media company owned by Len Blavatnik's Access Industries. They were very poor at the time. [85] In August 2017, political scientist Bo Rothstein resigned from the Blavatnik School of Government out of opposition to Blavatnik's politics. 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. a net . 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. Blavatnik also indicated the possibility of increasing his benefaction up to 100 million over time. Or God. Sir Leonard Valentinovich Blavatnik[a] (born June 14, 1957) is a Ukraine-born American-British business magnate and philanthropist. [104], In 2013, Blavatnik was made chevalier of the French Legion d'Honneur. Businessman. [31][32], At the time, Blavatnik told the New York Times: "The small guy can't get anywhere with suits like this. In 2014, Blavatnik bought 13-room two-level apartments in Manhattan for $77.5 million. Vekselberg would later go on to found Renova Group[10], His family emigrated from the Soviet Union to the United States of America in 1978, and he received a master's degree in computer science from Columbia University's School of Engineering and Applied Science in 1981[11] and an MBA from Harvard Business School in 1989. [18] Blavatnik was a board member of Rusal from 2007 to 2016. [106], Moscow State University of Railway Engineering, School of Engineering and Applied Science, Pete Buttigieg 2020 presidential campaign, "Queen's birthday honours: Ukrainian-born museum donor Leonard Blavatnik is made a knight", "A Soviet-born billionaire is buying influence at US institutions. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security His donors include Len Blavatnik, Chris Sacca, Eric Schmidt and Meg Whitman. [40] The company listed on the Nasdaq stock exchange in June 2020. if the insider is timing their trades to profit from insider information. director & CEO Stephen Forbes Cooper He is a frequent participant in National Masters competitions. #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 . Primary Income source Business. to the present day. [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. sale [30] In 2013, the New York State Supreme Court ordered JPMorgan Chase to pay Blavatnik $50 million in damages. Other key executives at Warner Music Group Corp include Blavatnik earned nearly $5 billion in dividends from Russian oil companies, and sold 12.5 percent of TNK-BP for $7 billion in 2013. . He graduated from Columbia Business School in 1993. Warner Chappell, the firm's publishing arm, is the home to over 65,000 composers and songwriters with over a million copyrights represented. According to the recent analysis of 2022, we have got that the estimated net worth of Len Blavantik is about $21.8 billion. Round-up top news and topics for each of the following cities, Select the newsletter you'd like to receive below. sale For his contributions to philanthropy, Blavatnik was knighted in 2017. 01/10. Sir Leonard Blavatnik (previously 4th) - 23bn (up 7.2bn) . Blavatnik began his business career by accumulating shares in aluminum smelters in the period of privatisation that followed the collapse of the Soviet Union. 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. London-based magnate Sir Leonard Blavatnik tops the UK list with a net worth of 23billion, placing 46th in the global leaderboard. Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram. [6] He refers to himself as a self-made billionaire.[3]. Very little is known of Blavatniks parents. All Rights Reserved. In 2011, he invested in the music industry by buying record-label Warner Music for $3.3 billion. Len Blavatnik Net Worth. [19] In a 2002 interview, Blavatnik told Bloomberg he was even considering creating his own railways. 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. Warner is controlled by Access Industries, which owns an 84% economic interest and 99% of voting rights. [7][8][9] Blavatniks parents moved to Yaroslavl, a Russian city north of Moscow, when Blavatnik was a child. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. The Disney Executive Who Made $119,505 a Day, Surveillance Program on Money Transfers Raises Privacy Concerns, Greta Thunberg Released After German Police Detained Her at Coal Mine Protest, Opinion: Water Is a Terrible Thing for California to Waste, Opinion: Biden Gives a Boost to Schoolyard Bullies, Opinion: Big News About a Smaller Chinese Population, Opinion: The Government Debt Threat Keeps Mounting. As of January 2023, Len Blavatnik's net worth is estimated to be roughly $32 Billion. [88] He also donated $1 million to the committee for the inauguration of Donald Trump. He says there's more to come. , For full functionality of this site it is necessary to enable JavaScript. [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. [10] [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. Type: Airbus A319. Annual Salary. . As a subscriber, you have 10 gift articles to give each month. Israel's Ha'aretz newspaper calls him "one of the biggest oligarchs to have emerged from the former Soviet Union." He's now one of the 20 richest Americans, with a net worth of $38.3 billion. 13. Russian kleptocracy has entered the donor pool of Hudson Institute, he told The New York Post. [21] The deal also made Len Blavatnik, Mikhail Fridman, German Khan and Viktor Vekselberg, who controlled half of TNK-BP, billions of dollars. Customer Service. Based on ownership reports from SEC filings, as the reporting owner, Alex Blavatnik owns 1 companies in total, including a series of upwardly sloping curves, indicating positive returns after each purchase transaction. Blavatnik has been a producer on several Broadway shows including "The Front Page" and "Sunset Boulevard. [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. [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. At Moscow State University of Railway Engineering, Blavatnik became close friends with Viktor Vekselberg, another Ukrainian Jew. The billionaire is rumored to be bidding for several studios. Insiders are officers, directors, or significant investors in a company. [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. [56] The deal was believed to involve 2.5 billion euros ($3 billion) of payments over its three-season lifespan Delivering our best headlines of the day Tuesday - Saturday, Our subscriber exclusive newsletter by Kathryn Brenzel, Delivering our best Chicago headlines on Mondays to your inbox, Delivering our best Celebrities headlines on Mondays to your inbox, Catch-up on National commercial news every Monday, For all things proptech see what the future of cities, Delivering our best Hamptons headlines on Fridays to your inbox, Delivering our best LA headlines on Mondays to your inbox, Delivering our best NYC headlines on Mondays to your inbox, Delivering our best National headlines on Sundays to your inbox, A round-up of the best residential news stories of the week distributed every Tuesday, Delivering our best Miami headlines on Mondays to your inbox, Delivering our best San Francisco headlines on Mondays to your inbox, Delivering our best Tri-State coverage on Wednesday to your inbox, Delivering our best Texas headlines on Mondays to your inbox, Get notifications regarding TRD and sponsor events, Receive special offers and product updates, Ocean Terrace developers to pay $3M to settle lawsuit with Miami Beach, Higher density ahead: North Beach land deal gets green light, North Beach developers offer city $15M park in exchange for ownership of streets, Silvia Coltrane, partners add condos to mixed-use North Beach hotel project, Sandor Scher on his grand plan for North Beach, Alex Blavatnik and Sandor Scher get approval for North Beach redevelopment, Alex Blavatnik sells his Faena House condo, Flipping at Faena? a net The collection, originally created by Lancashire Industrialists William and Alfred Law, includes Bront family manuscripts, Jane Austen letters, handwritten poems by Robert Burns. [17], In August 2005, Access Industries bought petrochemicals and plastics manufacturer Basell Polyolefins from Royal Dutch Shell and BASF for $5.7 billion. [83], In 2011, Blavatnik donated to both President Barack Obama and his GOP rival, former Massachusetts governor Mitt Romney. If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they've made are too recent to calculate a reliable performance metric. [57], In February 2022, Blavatnik agreed a $4.3 billion recapitalisation of DAZN. This website is provided as is without any representations or warranties, express or implied. Registration: D-ALEX. (if applicable) for The Wall Street Journal. In this situation, we would ", "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. He is very careful to protect the privacy of his family. [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. Though Mr. Blavatnik is not under American sanctions himself, many of his associates are, including Mr. Deripaska. 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. 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. Likewise, non-cyclical declines He has an estimated net worth of $33 billion. 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. 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