Len Blavatnik | Net worth: $30.6 billion - Source of wealth: music, chemicals - Age: 63 - Country/territory: United States | Business entrepreneur Len Blavatnik built his . I wonder if Harvard does. In 2017, Blavatnik received a knighthood for services to philanthropy.. Blavatnik made his initial fortune after the collapse of . Under Review. He is a frequent participant in National Masters competitions. According to Forbes, Koch has made major contributions to New York organizations such as Lincoln Center and Memorial Sloan Kettering Cancer Center. He did this via his holding company, Access Industries. 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. In response, Carnegie Hall renamed its first level of boxes "The Blavatnik Family First Tier". 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. [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. The boxes will carry the Blavatnik name until 2066. If, for example, the share price of the company was in a non-cyclical climb 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. $2.5 billion, according to our most recent tally. in the PURCHASE chart and negative plots on the SALE chart. Two years ago the billionaire put up $1.8 billion in a second big chemicals bet. sale [80], In 2018, Columbia's School of Engineering and Applied Science announced a gift from Blavatnik's foundation to fund engineering innovations in health. Early life and Education Blavatnik was born in Odesa, Soviet Ukraine, to a Jewish circle of relatives. Louis Dickler . REAL NEWS, REAL DEALS DELIVERED DIRECTLY TO YOU. Warner Music Group Corp (WMG) Alex Blavatnik, Brother of Billionaire Len Blavatnik, Pays Nearly $25 Million for MoMA Penthouse. 2004-2023 GuruFocus.com, LLC. Estimated Net Worth in 2021. The Real Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry. [10] The New York-based business[14] controls 21% of LyondellBasell, the world's largest producer of polypropylene. As a Harvard alumna, I find this appalling. [30] In 2013, the New York State Supreme Court ordered JPMorgan Chase to pay Blavatnik $50 million in damages. [45] In March 2017, Bronfman and Blavatnik walked away from the deal, citing valuation issues. You might contact Alex Blavatnik via mailing address: C/o Warner Music Group Corp., 1633 Broadway, New York Ny 10019. Open a newChase Private ClientChecking account and get a $2000 bonus! [16][17], One of his investments, Sual, later became part of United Company Rusal, the world's largest aluminium producer. The Ocean Club on Paradise Island is now part of the Four Seasons Hotels & Resorts family of properties. Len Blavatnik, a business tycoon and philanthropist of Ukrainian Jewish descent, was born on June 14, 1957, in Odesa, Soviet Ukraine. In 1996, Mr. Blavatnik and Mr. Vekselberg helped found SUAL, a large aluminum producer; through it, they own over a quarter of Rusal. 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. He'd extended some of his investments, through Access Indudtries, international production group that You will be notified in advance of any changes in rate or terms. That investment is currently worth $5.24 billion in mostly unrealized gains. [85] In August 2017, political scientist Bo Rothstein resigned from the Blavatnik School of Government out of opposition to Blavatnik's politics. [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. [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. Or maybe they are the same thing. Anyone can read what you share. [5] Blavatnik made his wealth through the acquisition of these commodities. The seller was the buildings developer, a partnership between Hines and Pontiac Land. The sports streaming service is available in Japan, Germany and Canada. He is also a minority owner in Russia's largest producer of. Warner Music Group Corp (WMG)'s detailed insider trading history can be found in Insider Trading Tracker table. 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. Billionaire Len Blavatnik owns 4 private jets: His largest is a Boeing 767 with registration N673BF. [31][32], At the time, Blavatnik told the New York Times: "The small guy can't get anywhere with suits like this. He's among those American business magnates who've $17, 8 Billion as his net worth these days. Lots of rich people made lots more money. 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. Eric Eisner, Nick Koskoff, Alex Blavatnik. Nevertheless, its hard to find too many people whose personal balance sheets have taken more of a hit by []. After purchasing Warner Music in 2011 for $3.3 billion, he took the company public in June 2020 at quadruple the value. Their original investment was $8 billion of assets. [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. Other recent insider transactions involving Warner Music Group Corp (WMG) include May 21 Len Blavatnik is a Soviet -born British-American businessman, investor, and philanthropist and his current net worth is $19.8 billion. He is very careful to protect the privacy of his family. Is Harvard Whitewashing a Russian Oligarchs Fortune? over many years would result in downward sloping post-trade plots. In 2007, he acquired land in Hollywood worth $625 million. NELSON PELTZ. Also a philanthropist, he serves on the boards of several charitable and educational institutions. [19] In a 2002 interview, Blavatnik told Bloomberg he was even considering creating his own railways. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. 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. A 1993 graduate of Columbia University, Mr. Blavatnik joined Access in 1996 to manage the Company's growing activities in Russia. 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 Since investing in. As a Blavatnik Fellow, Ilana will be focusing on M7 Health's product development and go-to-market strategy. This website is provided as is without any representations or warranties, express or implied. Blavatnik had bought Warner in 2011 for $3.3bn, and the remaining Access stake is worth $13bn. Len Blavatnik attended university and studied computer science and railway engineering. [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. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging ", "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 has a net worth of $28.5B. In 2013, music sensation Bruno Mars was hired to perform at his teenage daughters bat mitzvah since she was a huge fan of the singer. [27] On January 6, 2009, the U.S. operations of LyondellBasell Industries filed for bankruptcy.[28]. . [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. There are now a record 171 billionaires in UK, with their wealth rising 21.7% . Sources reported that the bid was around 40 million. This page provides a comprehensive analysis of the known insider trading history of Alex Blavatnik. 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. [12] He also received the 2017 Samuel Johnson Medal from the school. All rights reserved. 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. He is a dual citizen of the U.S. and the U.K. Blavatnik's ABF6A LLC sold unit 6A at the 18-story luxury condo building at. In addition, Mr. Blavatnik is engaged in numerous philanthropic pursuits and sits on the boards of several educational and charitable institutions. He's given hundreds of millions to universities mostly in America and England. [89], Blavatnik and his American wife, Emily, also donated to Democratic Party candidates Kamala Harris, Chuck Schumer, and Hillary Clinton. Blavatnik bought artist Damien Hirst's giant gilded wooly mammoth skeleton entitled "Gone (but) Not Forgotten" for $15 million in 2014. of 115,000 shares made by Lincoln E Benet As of 2019, Blavatnik was ranked 27th in the Forbes 400 list. if the insider is timing their trades to profit from insider information. Insiders are officers, directors, or significant investors in a company. 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. 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. One of the gates to Harvard Yard has a celebrated inscription: Enter to grow in wisdom. He is also a minority owner in Russia's largest producer of aluminum, United Co. Rusal. AAR far outbid its competitors but did not end up buying the agreed sum. [16][5], Blavatnik sponsors a Colel Chabad 20,000-square-foot (1,900m2) food bank and warehouse in Kiryat Malakhi, Israel, which sends monthly food shipments to 5,000 poor families in 25 Israeli cities, and before Jewish holidays to 30,000 families in 73 Israeli cities, towns and villages. Customer Service. Sir Leonard Blavatnik has topped the latest Sunday Times Rich List, having seen his fortune swell to 23bn. Net Worth details: Len Blavatnik holds a 19 percent stake in chemical company LyondellBasell which is based in Houston, Texas. 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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. 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. Depart to serve better thy country and thy kind.. 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. [26], In 1999, Blavatnik sought to obtain the competing oil company Chernogorneft, which was being auctioned off. We are having some technical difficulties. 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 attended Moscow State University of Railway Engineering but did not complete his coursework due to the family's request for emigration visas. Other key executives at Warner Music Group Corp include International School Swimming Competitions - China, Coaching Membership Requirements Checklist, Executive VP Deputy Chairman of Access Industries, Former collegiate swimmer at Miami of Ohio. 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 . $30-40 Billion. 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 company is part of Perform Group, a U.K. based sports media company owned by Len Blavatnik's Access Industries. [104], In 2013, Blavatnik was made chevalier of the French Legion d'Honneur. On the Ground, Its More Complicated. Currently, he oversees Access's operations out of its . 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. Blavatnik earned nearly $5 billion in dividends from Russian oil companies, and sold 12.5 percent of TNK-BP for $7 billion in 2013. . Is based in Houston, Texas Tier '' several charitable and educational institutions these commodities Blavatnik. 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