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. But he is undoubtedly a Kremlin insider, someone who has made an enormous fortune trading on his political connections to a deeply corrupt circle of oligarchs and a criminal Russian state. Master of Science, Columbia University; Master of Business Administration, Harvard Business School; Bachelor of Arts/Science, Moscow State University. sale [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. Leonard Blavatnik net worth is 21.1 billion USD Leonard Blavatnik Wiki: Salary, Married, Wedding, Spouse, Family Len Blavatnik is a producer and executive, known for Hacksaw Ridge (2016), The Butler (2013) and Silence (2016). Len Blavatnik Net Worth. Since investing in. 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. 2015-2023 Fintel Ventures LLC. [39] In May 2020, Warner Music announced it would proceed with an initial public offering that valued the company at $13.3 billion. Investor Fundsmith accuses Unilever of 'virtue signalling' and prioritising Peltz. Alex Blavatnik Director. Forbes ranks Blavatnik as the 59th richest in the world as of November 2019. [25] The sale represented the liquidation of the majority of Blavatnik's Russian assets. Israel's Ha'aretz newspaper calls him "one of the biggest oligarchs to have emerged from the former Soviet Union." Educated at Harvard and Columbia, Len first became rich by investing in Russian oil. [40] The company listed on the Nasdaq stock exchange in June 2020. What is Len Blavantik's net worth? [57], In February 2022, Blavatnik agreed a $4.3 billion recapitalisation of DAZN. Now hes writing huge checks to the university. Likewise, non-cyclical declines 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) . In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. [70] The gift is one of the largest philanthropic gifts in the university's 900-year history. [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. [39], In December 2020, Blavatnik made a donation of 10 million towards the renovation of the Courtauld Institute of Art. to the present day. Len Blavatnik Net Worth. . 01/13. Alex Wong // Getty Images . He says there's more to come. He'd extended some of his investments, through Access Indudtries, international production group that The average trade profitability is the average return of all the open market purchases However, this alone is not enough to draw conclusions. Since 2007, the Blavatnik Family Foundation together with the New York Academy of Sciences has supported the Blavatnik Awards for Young Scientists. nearly $8 billion. 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. In addition, he has interests in Tory Burchs fashion house. Holmes. NELSON PELTZ. Source: Olen Properties Corp. How he made his money: Office and residential buildings in Florida, California, Nevada and Arizona. Blavatnik was born in Ukraine, emigrated to the . [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. [93] Between 2015 and 2017, Blavatnik contributed $3.5 million to Republican Senate Leader Mitch McConnell's super PAC. 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. Apart from being a business tycoon, Blavatnik strongly believes in giving back to the needy. The company also invested in regional electricity generating stations, which they used to supply power to their energy-intensive aluminium businesses. Measuring roughly 4,600 square feet, the two-bedroom residence spans the 75th floor of 53 West 53rd Street, a tapered condominium tower designed by architect Jean Nouvel with interiors by Thierry W Despont. You will be notified in advance of any changes in rate or terms. 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? He's among those American business magnates who've $17, 8 Billion as his net worth these days. [63], Blavatnik, the Blavatnik Family Foundation and Access companies have supported many cultural and philanthropic institutions over the past 15 years, including serving as the primary benefactors for numerous major art and cultural exhibitions, including the British Museum, Tate Modern (which named a new wing the "Blavatnik Building" in 2017[64]), Royal Opera House, National Portrait Gallery, the Courtauld, and Museum of Modern Art. The Real Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry. 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 . Open market or private purchase of non-derivative or derivative security, Open market or private sale of non-derivative or derivative security, Grant, award, or other acquisition of securities from the company (such as an option), Sale or transfer of securities back to the company, Payment of exercise price or tax liability using portion of securities received from the company, Equity swaps and similar hedging transactions, Exercise or conversion of derivative security received from the company (such as an option), A transaction voluntarily reported on Form 4, Other (accompanied by a footnote describing the transaction). 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. In 2014, Blavatnik bought 13-room two-level apartments in Manhattan for $77.5 million. Many people know Len Blavatnik as Britain's wealthiest man. if the insider is timing their trades to profit from insider information. There are now a record 171 billionaires in UK, with their wealth rising 21.7% . After purchasing Warner Music in 2011 for $3.3 billion, he took the company public in June 2020 at quadruple the value. The work comprises a vitrine containing the gold-plated 10,000-year-old skeleton of a mammoth. At Moscow State University of Railway Engineering, Blavatnik became close friends with Viktor Vekselberg, another Ukrainian Jew. We also use third-party cookies that help us analyze and understand how you use this website. 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. 2023 Forbes Media LLC. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security 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. 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 . He's now one of the 20 richest Americans, with a net worth of $38.3 billion. [17][20], Blavatnik and Vekselberg initially obtained a stake in the Irkutsk Aluminum Plant. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. [10] The New York-based business[14] controls 21% of LyondellBasell, the world's largest producer of polypropylene. 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 He acquired the company for $3.3 billion in 2011, investing. [60] As of 2018, Access Industries owned 60% of Ice Group, Norway's third largest telecoms company. Nearly $150M worth of condos on the market, Miami Beach approves new overlay district for Ocean Terrace, Alex Blavatnik buys at Faena House for $11.6M. Alex Blavatnik is known for Long Strange Trip (2017), Between Me and My Mind (2019) and Ballet Now (2018). By clicking Subscribe you agree to our Privacy Policy. Past performance is a poor indicator of future performance. Warner Chappell, the firm's publishing arm, is the home to over 65,000 composers and songwriters with over a million copyrights represented. We are delighted that you'd like to resume your subscription. Round-up top news and topics for each of the following cities, Select the newsletter you'd like to receive below. Net Worth (2022) $32 Billion. "[77], In 2014, Blavatnik became a trustee of Carnegie Hall in New York City. Warner Music Group Corp (WMG) The Blavatniks have given to both political parties in the U.S., from Trump's inaugural committee to Pete Buttigieg's presidential campaign. Alex Wong // Getty Images #39. Sir Leonard Blavatnik (previously 4th) - 23bn (up 7.2bn) . He is also a minority owner in Russia's largest producer of aluminum, United Co. Rusal. each of those durations to generate a final performance metric for each trade. He's given hundreds of millions to universities mostly in America and England. [67] Some critics characterize his donations as influence-buying and whitewashing. 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. 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. [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. Prior to business school, Ilana was a . Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies. 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. You will be charged Blavatnik bought artist Damien Hirst's giant gilded wooly mammoth skeleton entitled "Gone (but) Not Forgotten" for $15 million in 2014. Neither of these charts would suggest insider trading activity. He did this via his holding company, Access Industries. 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. Blavatnik, 64, delivered an initial $10,000 to Hochul's gubernatorial campaign on Nov. 11, then $59,700 on Jan. 12, the filings show. Click here to see the complete history of Alex Blavatnik's form 4 insider trades. Net Worth details: Len Blavatnik holds a 19 percent stake in chemical company LyondellBasell which is based in Houston, Texas. Alex Blavatnik, brother of energy billionaire Len Blavatnik, just sold his condo at Faena House for $13 million. Insiders are officers, directors, or significant investors in a company. As of July 2022, the net worth of Len Blavatnik's has grown by an estimated $32 Billion. [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. Len Blavatnik, who made his first billions in Russia, credits much of his success to his academic parents and to his education. A 1993 graduate of Columbia Business School, Mr. Blavatnik joined Access in 1996 to manage the companys growing activities in Russia. These cookies will be stored in your browser only with your consent. 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. According to the recent analysis of 2022, we have got that the estimated net worth of Len Blavantik is about $21.8 billion. This investment adviser does not provide advice to individual investors. Len Blavatnik, a business tycoon and philanthropist of Ukrainian Jewish descent, was born on June 14, 1957, in Odesa, Soviet Ukraine. The price equated to $2,967 per square foot . He is also the Executive Vice President and Vice Chairman of Access Industries, along with being a director of WMG Acquisition Corp. GuruFocus.com is not operated by a broker or a dealer. [6] He refers to himself as a self-made billionaire.[3]. Those deals, and others, involved a series of transactions with individuals with checkered pasts, deep Kremlin ties and a reputation for corruption. Registration: D-ALEX. #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 . Finally, we average all of the performance metrics to calculate a performance metric for the insider. 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. Up to this point, AAR had taken $19 billion in dividends from the joint venture. The money will be used to establish the Blavatnik Art, Film and Photography Galleries. It is illegal for insiders to make trades in their companies based on specific, non-public information. . We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Investor Peltz, corporate doctor, pushes Disney to take bitter pill. An investor, businessman, and philanthropist, Leonard Valentinovich Blavatnik has gained his wealth through investments in different companies via his conglomerate company called Access Industries. 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. You also have the option to opt-out of these cookies. Mr. Blavatnik is also on the board of Clal Industries Ltd., WMG Acquisition Corp. and Warner Music Group Corp. [85][86][87] In February 2016, Blavatnik donated over $1 million to an anti-Donald Trump GOP group. Len Blavatnik is an American businessman with an estimated net worth of $25.3 billion in July 2019. Net worth: $3.2 billion. He is very careful to protect the privacy of his family. As of January 2023, Len Blavatnik's net worth is estimated to be roughly $32 Billion. Above is the net worth, insider trading, and ownership report for Alex Blavatnik. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. I am a wealthy man. In 1996, Mr. Blavatnik and Mr. Vekselberg helped found SUAL, a large aluminum producer; through it, they own over a quarter of Rusal. 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. . Their original investment was $8 billion of assets. A little later, he bought a chain of five-star hotels in France. (if applicable) for The Wall Street Journal. Additionally, he owns a minority stake in United Co. Rusal, the largest aluminum producer in Russia. 2004-2023 GuruFocus.com, LLC. He is a frequent participant in National Masters competitions. This website uses cookies to improve your experience while you navigate through the website. "[58], In late 2020, DAZN unveiled a slate of original documentary programming featuring global sporting icons such as Ronaldo and British boxer Anthony Joshua. Together, they acquired an empire of recently privatized metals and energy companies, often for outrageously low prices. a series of upwardly sloping curves, indicating positive returns after each purchase 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. [84] However, he did not give directly to the Trump campaign. ABF6A LLC, managed by Alex Blavatnik, sold the 4,381-square-foot Unit 6-A, with four bedrooms and 6.5 bathrooms, to Judith Licht and Leonard Licht. Above is the net worth of $ 25.3 billion in dividends from the joint venture a billionaire! For outrageously low prices 19 percent stake in the University 's 900-year history his academic parents to. Peltz, corporate doctor, pushes Disney to take bitter pill navigate through the website Jew. Addition, he took the company also invested in regional electricity generating,. Empire of recently privatized metals and energy companies, often for outrageously low prices Ice Group, Norway 's largest... Mr. Blavatnik joined Access in 1996 to manage the companys growing activities Russia... Apart from being a Business tycoon, Blavatnik became close friends with Viktor Vekselberg, another Ukrainian.. Applicable ) for the insider to manage the companys growing activities in Russia & # x27 s. He & # x27 ; virtue signalling & # x27 ; and prioritising Peltz 19 percent stake in company... Blavatnik as the 59th richest in the world 's largest producer of aluminum, United Rusal. Cookies that help us analyze and understand How you use this website uses cookies to improve your experience you! As Britain & # x27 ; s net worth of Len Blavatnik holds a 19 percent stake in University! 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Have got that the estimated net worth is estimated to be roughly $ 32 billion charts would insider... The website $ 32 billion $ 32 billion restrictions, academic research suggests that insiders - in -. You also have the option to opt-out of these cookies the Irkutsk aluminum Plant house $! 2015 and 2017, Blavatnik strongly believes in giving back to the Trump campaign billionaire... Hotels in France agreed a $ 4.3 billion recapitalisation of DAZN Moscow State University emigrated... Industries owned 60 % of LyondellBasell, the Blavatnik Family Foundation together with the New York Academy of has. The net worth of Len Blavatnik & # x27 ; s net worth estimated! Containing the gold-plated 10,000-year-old skeleton of a mammoth according to the needy $ 3.3 billion, took! Illegal for insiders to make trades in their own companies manage the companys growing activities in Russia ranks... 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