Blavatnik earned nearly $5 billion in dividends from Russian oil companies, and sold 12.5 percent of TNK-BP for $7 billion in 2013. . Prior to business school, Ilana was a . Forbes magazine estimates that Len's net worth is currently over $20 billion, his wealth accumulated through his investments utilising his Access Industries international conglomerate. [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. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Sign up to Stock Advisor for $79 for 1 year, All Jeans + Pants 25% off! Click here to see the complete history of Alex Blavatnik's form 4 insider trades. They accumulated smelters and plants until their company Sual had become the second-largest aluminum firm in Russia. [25] The sale represented the liquidation of the majority of Blavatnik's Russian assets. He's among those American business magnates who've $17, 8 Billion as his net worth these days. and The Wall Street Journal; 06/22/22; 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. Len Blavatniks entertainment firm Access Entertainment bought the 67-year lease remaining on the Theatre Royal Haymarket, for a reported 45 million. Finally, we average all of the performance metrics to calculate a performance metric for the insider. Born in Ukraine, raised in Moscow, Blavatnik emigrated to the U.S. in 1978 for school. [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. his net worth has been growing significantly in 2021-2022. London-based magnate Sir Leonard Blavatnik tops the UK list with a net worth of 23billion, placing 46th in the global leaderboard. Nothing on this website constitutes, or is meant to constitute, advice of any kind. [67] Some critics characterize his donations as influence-buying and whitewashing. This follows on a $50 million gift by the foundation to the university in 2013. Israel's Ha'aretz newspaper calls him "one of the biggest oligarchs to have emerged from the former Soviet Union." ", "Opinion | Is Harvard Whitewashing a Russian Oligarch's Fortune? 2004-2023 GuruFocus.com, LLC. He went public with Warner Music in June 2020 for four times the value after purchasing the company for $3.3 billion in 2011. Sir Leonard Blavatnik (previously 4th) - 23bn (up 7.2bn) . [39] In May 2020, Warner Music announced it would proceed with an initial public offering that valued the company at $13.3 billion. He is also the Executive Vice President and Vice Chairman of Access Industries, along with being a director of WMG Acquisition Corp. Len Blavatnik recently pledged $200 million to Harvard Medical School. , Alex Blavatnik, brother of energy billionaire Len Blavatnik, just sold his condo at Faena House for $13 million. . "[77], In 2014, Blavatnik became a trustee of Carnegie Hall in New York City. (Disclosure: I am a visiting fellow at Hudson, but it is an honorary position, and I have neither received money from the institute nor performed work for it.). Russian kleptocracy has entered the donor pool of Hudson Institute, he told The New York Post. Yearly Income And Salary. [10] The deal, labelled in the press as "Russia's deal of the decade" gave BP unprecedented access to vital Russian oil and gas. We also use third-party cookies that help us analyze and understand how you use this website. Income Source. [10] Blavatnik attended Moscow State University of Railway Engineering, but did not complete his coursework due to the family's request for emigration visas. Meanwhile, London-based Dazn aims . [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. He says there's more to come. Len Blavatnik Net worth: $32.3 billion. 13. The SEC filings indicate Alex Blavatnik has reported holdings or trades in the following companies: The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Alex Blavatnik. if the insider is timing their trades to profit from insider information. The 2022-2023 Blavatnik Fellows are: Ilana Springer Borkenstein, RN (MBA 2022) is the co-founder and CEO of M7 Health, a technology company addressing the critical nursing shortage in the US. This list only includes insiders that have made at least three trades in the last two years. a series of upwardly sloping curves, indicating positive returns after each purchase transaction. [19] He and a friend from university, Viktor Vekselberg, formed the Renova investment vehicle. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. [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. Blavatnik bought artist Damien Hirst's giant gilded wooly mammoth skeleton entitled "Gone (but) Not Forgotten" for $15 million in 2014. And US$ 50 million to Harvard University to sponsor life sciences entrepreneurship at the university. Using his fortune originally made in Russia, Blavatnik's Access has diversified its holdings into entertainment and music. [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. Source: Olen Properties Corp. How he made his money: Office and residential buildings in Florida, California, Nevada and Arizona. All Rights Reserved. over many years would result in downward sloping post-trade plots. [39], In December 2020, Blavatnik made a donation of 10 million towards the renovation of the Courtauld Institute of Art. 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. This table shows the complete list of insider trades made by Alex Blavatnik as disclosed to the Securities Exchange Commission (SEC). 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. 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 Alex's net worth hovers over $5,000 - $9,999 with a yearly income that's about $100 - 149,999. He has an estimated net worth of $33 billion. Early Life Sir Leonard Blavatnik was born on the 14th of June, 1957, in Soviet Ukraine. Alex Blavatnik is the director of Warner Music Group Corp. Or maybe they are the same thing. Alex Wong // Getty Images . The billionaire is rumored to be bidding for several studios. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. [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. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Customer Service. As of March 2022, Forbes listed his wealth at $35.4 billion, making him somewhere between the 20th- and 33rd-richest person in the world. The seller was the buildings developer, a partnership between Hines and Pontiac Land. [10] A little later, he bought a chain of five-star hotels in France. Their original investment was $8 billion of assets. [57], In October 2018, DAZN signed the largest commercial deal in history with a single athlete when they paid Mexican boxer Saul "Canelo" Alvarez $365 million for the rights to screen 11 fights. [17] Tyumen Oil was auctioned off with criteria that exactly matched AAR. Blavatnik was born in Ukraine, emigrated to the . Ukraine-born American investor Leonard Blavatnik came in at No. Len Blavatnik demonstrates how a fortune can be reshaped again and again. $ + tax 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. [45] In March 2017, Bronfman and Blavatnik walked away from the deal, citing valuation issues. Mr. Blavatnik has served as a director since July 20, 2011. His net worth soared in 2020 when the company got regulatory approval to begin trials of its coronavirus vaccine. As of September 2014, Leonard Blavatnik is worth US $21.6 Billion. Previous Year's Net Worth (2020) $30-38 Billion. In 2004, Blavatnik acquired a mansion in the downtown of London, Kensington Palace Gardens. 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 Anyone can read what you share. If you don't, the market will punish you. [2][3] In 2017, Blavatnik received a knighthood for services to philanthropy. What lessons does that teach Harvard students? A change in price from $10 to $20 would would be 100%, and a change in price of $10 to $5 would be -50%. "[13], In early 2010, Access Industries was reported as one of a handful of bidders for Metro-Goldwyn-Mayer. For his contributions to philanthropy, Blavatnik was knighted in 2017. 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. They were both academics and the family immigrated from Ukraine to the United States in 1978. Customer Service. AAR far outbid its competitors but did not end up buying the agreed sum. That investment is currently worth $5.24 billion in mostly unrealized gains. Blavatnik had bought Warner in 2011 for $3.3bn, and the remaining Access stake is worth $13bn. [7][8][9] Blavatniks parents moved to Yaroslavl, a Russian city north of Moscow, when Blavatnik was a child. Now worth $171 billion, Arnault's wealth eclipsed the Tesla CEO's $164 billion fortune . The yacht is a 73.80-meter motor yacht custom-built by Nobiskrug in Rendsburg in 2013. https://www.nytimes.com/2018/12/05/opinion/harvard-russian-oligarch-whitewash.html. 2. Blavatnik's ABF6A LLC sold unit 6A at the 18-story luxury condo building at. and Warner Music Group Corp (WMG)'s detailed insider trading history can be found in Insider Trading Tracker table. Click here to see the complete history of Alex Blavatniks form 4 insider trades. Net Worth (2022) $32 Billion. I am a wealthy man. [100], Blavatnik is a friend of former Israeli Prime Minister Benjamin Netanyahu and a supporter of Donald Trump. Alex Wong // Getty Images #39. Len Blavatnik, 64, says he has no Educated at Harvard and Columbia, Len first became rich by investing in Russian oil. You will be charged [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. [50] He was an early investor in Rocket Internet and Beats Music, helped finance fashion designer Tory Burch, and, in 2013, paid $115 million for wireless spectrum in Norway. His donors include Len Blavatnik, Chris Sacca, Eric Schmidt and Meg Whitman. 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. Open a newChase Private ClientChecking account and get a $2000 bonus! $30-40 Billion. Early life and Education Blavatnik was born in Odesa, Soviet Ukraine, to a Jewish circle of relatives. This does not mean Yesterday FORBES and other news outletsreported that billionaire Len Blavatnik's Access Industries was on the verge of purchasing Warner Music Group. Blavatnik, 64, delivered an initial $10,000 to Hochul's gubernatorial campaign on Nov. 11, then $59,700 on Jan. 12, the filings show. Boomerang Tube, a Missouri-based company that makes pipes and tubes for oil and natural gas companies, filed for bankruptcy protection on Tuesday in Delaware. Though Mr. Blavatnik is not under American sanctions himself, many of his associates are, including Mr. Deripaska. Type: Airbus A319. Blavatnik was ranked as the 20th richest person in the world by Forbes as of March 2022, with a net worth of $35.4 billion. He lives in London with his family. He is also a minority owner in Russia's largest producer of. Javascript is disabled in your web browser. Alex Blavatnik, as he is known in United States, has been serving as the director of the Warner Music Group Corporation since 2011. He acquired the property in 2004. He graduated from Columbia Business School in 1993. Net Worth details: Len Blavatnik holds a 19 percent stake in chemical company LyondellBasell which is based in Houston, Texas. [4], Blavatnik made his initial fortune after the collapse of the Soviet Union in the privatization of state-owned aluminum and oil assets. Necessary cookies are absolutely essential for the website to function properly. Seats: 23Value: US$ 90 million. GuruFocus.com is not operated by a broker or a dealer. [40] The company listed on the Nasdaq stock exchange in June 2020. [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. Hence, very little is known about them. Feedback for the Mock Behavior Analysis Exam is provided by content area, not by question. The Financial Times reported that this would enable the company to target new revenue streams in betting. Non-planned As of March 2022, Forbes listed his wealth at $35.4 billion, making him somewhere between the 20th- and 33rd-richest person in the world. Already a member? A 1993 graduate of Columbia University, Mr. Blavatnik joined Access in 1996 to manage the Company's growing activities in Russia. Try again later. 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. Blavatnik has been a producer on several Broadway shows including "The Front Page" and "Sunset Boulevard. [6] Through Access Industries Holdings Blavatnik owns most of Warner Music Group and has stakes in several publicly traded assets. After purchasing Warner Music in 2011 for $3.3 billion, he took the company public in June 2020 at quadruple the value. 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 . [30] In 2013, the New York State Supreme Court ordered JPMorgan Chase to pay Blavatnik $50 million in damages. 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. Ann Marlowe is a writer and consultant who specializes in investigating corruption. Len Blavatnik | Net worth: $30.6 billion - Source of wealth: music, chemicals - Age: 63 - Country/territory: United States | Business entrepreneur Len Blavatnik built his . The resulting company, LyondellBasell Industries then became the world's eighth largest chemical company based on net sales. Len Blavatnik was born on June 14, 1957 in London, United Kingdom, United States. As of January 2023, Len Blavatnik's net worth is estimated to be roughly $32 Billion. [83], In 2011, Blavatnik donated to both President Barack Obama and his GOP rival, former Massachusetts governor Mitt Romney. 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. director & CEO Stephen Forbes Cooper in the PURCHASE chart and negative plots on the SALE chart. [23] It was the first time that a foreign company was in control of a major producer in Russia's energy heartland. [10] Blavatniks key role within the group was to act as a connection to western businesses such as British Petroleum. no insider transaction in Warner Music Group Corp (WMG). 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. [27] On January 6, 2009, the U.S. operations of LyondellBasell Industries filed for bankruptcy.[28]. The majority of Blavatnik's fortune derives from an 73% stake in Warner Music Group, a record label and entertainment conglomerate. [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. [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. Leonard Blavatnik has two daughters and two sons. If, for example, the share price of the company was in a non-cyclical climb Blavatnik is one of the world's wealthiest people, with a net worth of US$18 billion. of 35,000 shares. Under Review. For full functionality of this site it is necessary to enable JavaScript. 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. Its rivals included Germany's Sportsman Media Group and IMG of the U.S.[42], In 2016, Blavatnik launched Access Entertainment, which bought James Packer's stake in RatPac Entertainment and a 24.9% stake in Bad Wolf in 2017. LyondellBasell has netted him a personal profit of [26], In 1999, Blavatnik sought to obtain the competing oil company Chernogorneft, which was being auctioned off. [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. [94], Blavatnik donated $5,200 to the Pete Buttigieg 2020 presidential campaign and $5,600 to the Joe Biden 2020 presidential campaign. Apart from being a business tycoon, Blavatnik strongly believes in giving back to the needy. 2015-2023 Fintel Ventures LLC. To calculate this, we examine every open-market, unplanned purchase [69], In the Sunday Times Rich List 2015, Blavatnik was listed as the UK's richest person,[102] with a fortune of 16.9 billion. Primary Income source Business. [93] Between 2015 and 2017, Blavatnik contributed $3.5 million to Republican Senate Leader Mitch McConnell's super PAC. In the case of (a), the PURCHASE chart would show The building, which was finished in summer 2015, was designed by the Swiss architects Herzog & de Meuron. Sources reported that the bid was around 40 million. He took the title from Sir James Dyson, whose wealth rose by only 100m to 16.3bn, leaving him in fourth place. An investor, businessman, and philanthropist, Leonard Valentinovich Blavatnik has gained his wealth through investments in different companies via his conglomerate company called Access Industries. [57], In February 2022, Blavatnik agreed a $4.3 billion recapitalisation of DAZN. a net sale $250 Million +. 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. [65][66] In 2020, The Times newspaper described Blavatnik as "Britain's arts philanthropist-in-chief". 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. In this situation, we would Lots of rich people made lots more money. 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. 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. Fintel is a registered trademark. The price equated to $2,967 per square foot . Len Blavatnik Yacht. [85][86][87] In February 2016, Blavatnik donated over $1 million to an anti-Donald Trump GOP group. [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. Noted, Leonard's primary income source is Business, Currently, We don't have enough information about Cars, Monthly/Yearly Salary, etc. 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:. Len Blavatnik's tertiary education in Moscow was cut short by emigrating to the USA with his family in 1978. . These cookies do not store any personal information. [78] In 2016, the Blavatnik family foundation made a $25 million gift to Carnegie Hall. Annual Salary. The Real Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry. a net Net worth: $3.2 billion. On December 20, 2007, Basell completed its acquisition of the Lyondell Chemical Company for an enterprise value of approximately $19 billion. . Russian TV Touts a Big Victory in Ukraine. The story: Igor Olenicoff, 72, has . over many years, then we would expect all The company is based in Atlanta, though it also has New York offices. Additionally, he owns a minority stake in United Co. Rusal, the largest aluminum producer in Russia. This situation would be highly suggestive of an insider that was timing trades [19] In a 2002 interview, Blavatnik told Bloomberg he was even considering creating his own railways. He did this via his holding company, Access Industries. Above is the net worth, insider trading, and ownership report for Alex Blavatnik. Two years ago the billionaire put up $1.8 billion in a second big chemicals bet. Is Harvard Whitewashing a Russian Oligarchs Fortune? Those deals, and others, involved a series of transactions with individuals with checkered pasts, deep Kremlin ties and a reputation for corruption. I still remember that. The Ukranian-born oil and media magnate, who also owns Warner Music, saw his wealth. Silicon Valley tycoons dominated the top of the global rankings . 42 with a net worth of $16.7 billion. Becoming #44 Billionaires globally and #20 billionaires in USA, he's Len Blavatnik or generally acknowledged as Leonid Valentinovich Blavatnik that was born on June 14, 1957. The collection, originally created by Lancashire Industrialists William and Alfred Law, includes Bront family manuscripts, Jane Austen letters, handwritten poems by Robert Burns. His investment firm Access Industries holds stakes in chemicals firm LyondellBasell, energy conglomerate Calpine and house flipping website Opendoor. The money will be used to establish the Blavatnik Art, Film and Photography Galleries. Forbes ranks Blavatnik as the 59th richest in the world as of November 2019. made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. According to Forbes, he is the worlds 39th richest person. Blavatnik's TNK company obtained Chernogorneft at $180 million, even though the company had produced $1.2 billion worth of oil the year before. 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. However, they must report all trades to the SEC via a Form 4. [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. Holmes. Jeff Yass - Net worth: $30 billion . See the list of most profitable insider traders. As a subscriber, you have 10 gift articles to give each month. Owners company: Evraz. 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. Len Blavatnik, who made his first billions in Russia, credits much of his success to his academic parents and to his education. In 2011, he invested in the music industry by buying record-label Warner Music for $3.3 billion. REAL NEWS, REAL DEALS DELIVERED DIRECTLY TO YOU. In doing so, he replaced Sir James Dyson. His wealth is mostly derived from his diverse investments in Europe, South and North America as well as Russia. [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. He graduated from Columbia Business School in 1993. The award reflects the generosity of Len and Alex Blavatnik, longtime board members at the Center.