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. In doing so, he replaced Sir James Dyson. Noted, Leonard's primary income source is Business, Currently, We don't have enough information about Cars, Monthly/Yearly Salary, etc. By clicking Subscribe you agree to our Privacy Policy. [82], In February 2022, Blavatnik made a multi-million pound contribution to the Imperial War Museum in London. We are having some technical difficulties. Blavatnik earned nearly $5 billion in dividends from Russian oil companies, and sold 12.5 percent of TNK-BP for $7 billion in 2013. . However, they must report all trades to the SEC via a Form 4. He also boasts dual citizenship with the US and UK . [95], Blavatnik is married to Emily Appelson Blavatnik. Len Blavatnik, 64, says he has no Click here to see the complete history of Alex Blavatnik's form 4 insider trades. International School Swimming Competitions - China, Coaching Membership Requirements Checklist, Executive VP Deputy Chairman of Access Industries, Former collegiate swimmer at Miami of Ohio. In 2011, he invested in the music industry by buying record-label Warner Music for $3.3 billion. Investor Fundsmith accuses Unilever of 'virtue signalling' and prioritising Peltz. in the PURCHASE chart and negative plots on the SALE chart. The collection, originally created by Lancashire Industrialists William and Alfred Law, includes Bront family manuscripts, Jane Austen letters, handwritten poems by Robert Burns. 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. Blavatnik is precisely what the Kleptocracy Initiative is fighting against the influence of Putins oligarchs on Americas political system and society and the importation of corrupt Russian business practices and values., Sources at the Hudson Institute said that Kleptocracy Initiative would continue, but did not comment on the Blavatnik gift. , Jeff Yass - Net worth: $30 billion . 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. [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. nearly $8 billion. Other residents on the street include Israeli and Russian ambassadors. 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. An investor, businessman, and philanthropist, Leonard Valentinovich Blavatnik has gained his wealth through investments in different companies via his conglomerate company called Access Industries. This website is provided as is without any representations or warranties, express or implied. Mr. Blavatnik is also on the board of Clal Industries Ltd., WMG Acquisition Corp. and Warner Music Group Corp. 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 is a dual citizen of the U.S. and the U.K. Early Life Sir Leonard Blavatnik was born on the 14th of June, 1957, in Soviet Ukraine. [78] In 2016, the Blavatnik family foundation made a $25 million gift to Carnegie Hall. 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:. The price equated to $2,967 per square foot . Above is the net worth, insider trading, and ownership report for Alex Blavatnik. 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. You will be notified in advance of any changes in rate or terms. 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. [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. [88] He also donated $1 million to the committee for the inauguration of Donald Trump. Registration: D-ALEX. [4], Blavatnik made his initial fortune after the collapse of the Soviet Union in the privatization of state-owned aluminum and oil assets. [43][44], In 2017, Blatvatnik was named as possible purchaser of the publisher Time Inc. Blavatnik prepared the bid with Edgar "Ed" Bronfman Jr, the former chief executive of Warner Music. And US$ 50 million to Harvard University to sponsor life sciences entrepreneurship at the university. "This extraordinary contribution from the Blavatnik Family Foundation provides key support for the Center in what may prove to be the most pivotal time in our 20-year history," said Peter Baldwin, Chairman of the Board of Directors. 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. That investment is currently worth $5.24 billion in mostly unrealized gains. Blavatnik also indicated the possibility of increasing his benefaction up to 100 million over time. , [58] Chief Executive Officer Simon Denyer explained: "With revenues dropping and investment not available, we can only survive by making some hard decisions. He took the title from Sir James Dyson, whose wealth rose by only 100m to 16.3bn, leaving him in fourth place. it is illegal for them to make any 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. [41], In 2014, Access acquired Perform Group for 702 million. The aluminum giant Rusal, where he is a major shareholder, is facing direct sanctions due to go into effect soon; Rosneft, an energy company owned by the Russian government where he also made millions, expects the ax to fall shortly. All Rights Reserved. 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. 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 $116M in Series B Financing Seats: 23Value: US$ 90 million. He joined Access Industries in 1996 in order to handle the organizations activities in Russia. Eric Eisner, Nick Koskoff, Alex Blavatnik. [104], In 2013, Blavatnik was made chevalier of the French Legion d'Honneur. The same year, the Russian billionaire Mikhail Blavatnik sued JPMorgan Chase after losing $100 million after following Morgan's advice three years earlier to buy mortgage securities with AAA credit ratings. Alex Wong // Getty Images . Or God. Warner Music Group Corp (WMG) [7][8][9] Blavatniks parents moved to Yaroslavl, a Russian city north of Moscow, when Blavatnik was a child. 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. 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. . [39] In May 2020, Warner Music announced it would proceed with an initial public offering that valued the company at $13.3 billion. 2004-2023 GuruFocus.com, LLC. UPDATED, May 22, 11:20 p.m.: As part of their plan to build a $220 million mixed-use project along Ocean Miami Beach developer Silvia Coltrane is proposing changes to her North Beach hotel project, including adding condos to the Sandor Scher is looking to bring the magic back to North Beach. [6] Through Access Industries Holdings Blavatnik owns most of Warner Music Group and has stakes in several publicly traded assets. [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. [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. [19] He and a friend from university, Viktor Vekselberg, formed the Renova investment vehicle. He was an early investor in Beats Electronics' streaming platform. Holmes. Up to this point, AAR had taken $19 billion in dividends from the joint venture. 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. Forbes ranks Blavatnik as the 59th richest in the world as of November 2019. sale For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security Enjoy a 7-Day Free Trial Thru Jan 25, 2023. Russian TV Touts a Big Victory in Ukraine. over many years, then we would expect all 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. 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. Mr. Blavatnik is entitled to spend his money how he pleases. Since 2007, the Blavatnik Family Foundation together with the New York Academy of Sciences has supported the Blavatnik Awards for Young Scientists. 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. The. In addition, Mr. Blavatnik is engaged in numerous philanthropic pursuits and sits on the boards of several educational and charitable institutions. [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. 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. [47] Blavatniks Access Entertainment finalized its purchase of the Theatre Royal Haymarket in June 2018. [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. He made a fortune selling his stake in Russian oil company TNK-BP for $7 billion in 2013. He is also the Executive Vice President and Vice Chairman of Access Industries, along with being a director of WMG Acquisition Corp. the post-purchase plots to be upwardly sloping. 01/09. Now worth $171 billion, Arnault's wealth eclipsed the Tesla CEO's $164 billion fortune . director & CEO Stephen Forbes Cooper Acting CFO & Corp. Contr. [83], In 2011, Blavatnik donated to both President Barack Obama and his GOP rival, former Massachusetts governor Mitt Romney. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies. These cookies do not store any personal information. trades in their own companies. Donald Trumps real net worth? 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. Len Blavatnik, the best (Profession) in the world, is worth $33 billion. Len Blavatnik Net worth: $32.3 billion. London-based magnate Sir Leonard Blavatnik tops the UK list with a net worth of 23billion, placing 46th in the global leaderboard. Blavatnik family foundation made a multi-million pound contribution to the Imperial War Museum in London Awards Young... Museum in London the university, 1957, in 2011, Blavatnik donated to both President Barack Obama and GOP. Royal Haymarket in June 2018 also boasts dual citizenship with the US and.. 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