Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. [6], After the collapse of the Soviet Union, Blavatnik bought up former state assets in Russia that were privatized by the government. Len Blavatnik, the best (Profession) in the world, is worth $33 billion. Early life and Education Blavatnik was born in Odesa, Soviet Ukraine, to a Jewish circle of relatives. [81], In June 2020, on the day of the Warner initial public offering, Access announced a $100 million fund to support "charitable causes related to the music industry, social justice and campaigns against violence and racism", supported by the Blavatnik family foundation. Of Jewish ancestry, Leonid Valentinovich Blavatnik was born on June 14, 1957 in Odessa, Ukraine. The seller was the buildings developer, a partnership between Hines and Pontiac Land. Its Not Just Inflation: Avian Flu Will Pump Up Prices Of Thanksgiving Turkeys, Tripledot Simplifies Game Development: No Characters, No Quests, Nothing More Complicated Than Wordle, The Faena Art Gala Kicked Off The Season With Decadence, Glamour And A 250-Pound Tuna, Here Are The Billionaires Backing Joe Bidens Presidential Campaign, As Of September 2019, A Man Of 3 Worlds: The Russian-American Billionaire Giving Millions To U.S. and U.K. A little later, he bought a chain of five-star hotels in France. Seats: 23Value: US$ 90 million. [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. 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. over many years, then we would expect all 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. "[13], In early 2010, Access Industries was reported as one of a handful of bidders for Metro-Goldwyn-Mayer. Billionaire Len Blavatnik, who initially made his massive fortune on Russian energy and aluminum deals, got out of his big oil holding last year when Rosneft bought TNK-BP for $55 billion. [89], Blavatnik and his American wife, Emily, also donated to Democratic Party candidates Kamala Harris, Chuck Schumer, and Hillary Clinton. [78] In 2016, the Blavatnik family foundation made a $25 million gift to Carnegie Hall. Born in Ukraine, raised north of Moscow, Len Blavatnik immigrated to the U.S. in 1978 with his family; he studied computer science at Columbia University and received an MBA from Harvard Business School. You might contact Alex Blavatnik via mailing address: C/o Warner Music Group Corp., 1633 Broadway, New York Ny 10019. Alex Blavatnik Director, Warner Music Group Corp. . 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 . The company also invested in regional electricity generating stations, which they used to supply power to their energy-intensive aluminium businesses. Alex Blavatnik, Brother of Billionaire Len Blavatnik, Pays Nearly $25 Million for MoMA Penthouse. [45] In March 2017, Bronfman and Blavatnik walked away from the deal, citing valuation issues. He is also a minority owner in Russia's largest producer of aluminum, United Co. Rusal. [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. 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. 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 also on the board of Clal Industries Ltd., WMG Acquisition Corp. and Warner Music Group Corp. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. 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 says there's more to come. Up to this point, AAR had taken $19 billion in dividends from the joint venture. I still remember that. 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. The billionaire is rumored to be bidding for several studios. Alex Wong // Getty Images #39. Their original investment was $8 billion of assets. of 18,838,682 shares. [60] As of 2018, Access Industries owned 60% of Ice Group, Norway's third largest telecoms company. [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. A 1993 graduate of Columbia University, Mr. Blavatnik joined Access in 1996 to manage the Company's growing activities in Russia. Feedback for the Mock Behavior Analysis Exam is provided by content area, not by question. [22] In 1999, TNK acquired Sidanco's best assets via bankruptcy proceedings. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Warner is controlled by Access Industries, which owns an 84% economic interest and 99% of voting rights. [19] He and a friend from university, Viktor Vekselberg, formed the Renova investment vehicle. Master of Science, Columbia University; Master of Business Administration, Harvard Business School; Bachelor of Arts/Science, Moscow State University. Russian TV Touts a Big Victory in Ukraine. AAR far outbid its competitors but did not end up buying the agreed sum. You may cancel your subscription at anytime by calling The gurus listed in this website are not affiliated with GuruFocus.com, LLC. it is illegal for them to make any [80], In 2018, Columbia's School of Engineering and Applied Science announced a gift from Blavatnik's foundation to fund engineering innovations in health. For this list, we included people and families who are listed as New . His family name adorns institutions in the U.S . 2023 Forbes Media LLC. Many people know Len Blavatnik as Britain's wealthiest man. Those deals, and others, involved a series of transactions with individuals with checkered pasts, deep Kremlin ties and a reputation for corruption. Investor Peltz, corporate doctor, pushes Disney to take bitter pill. 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. 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 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). Mr. Blavatnik is entitled to spend his money how he pleases. [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. [5] Blavatnik made his wealth through the acquisition of these commodities. 01/13. The company is part of Perform Group, a U.K. based sports media company owned by Len Blavatnik's Access Industries. 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. "[21] At the time of the purchase, Blavatnik, a U.S. citizen, was living in New York. Reflects change since 5 pm ET of prior trading day. This list only includes insiders that have made at least three trades in the last two years. Alex Blavatnik is known for Long Strange Trip (2017), Between Me and My Mind (2019) and Ballet Now (2018). 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. [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. There are a lot of rewards for established scientists, but I don't think young scientists get enough encouragement and support in a systematic way. Ukraine-born American investor Leonard Blavatnik came in at No. $30-40 Billion. 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. He acquired the property in 2004. We also use third-party cookies that help us analyze and understand how you use this website. trade are trades that were not made as part of a 10b5-1 trading plan. Acting CFO & Corp. Contr. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. He made a fortune selling his stake in Russian oil company TNK-BP for $7 billion in 2013. [29] LyondellBasell stock has increased 103% in value since April 2010. The familys efforts into philanthropy are very recognized all over America. You also have the option to opt-out of these cookies. 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. I will spend whatever it takes. nearly $8 billion. Javascript is disabled in your web browser. ", "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. Len Blavatnik is a Soviet -born British-American businessman, investor, and philanthropist and his current net worth is $19.8 billion. Blavatnik loaned the project an artwork by Damien Hirst titled "Gone But Not Forgotten". Blavatnik was born in 1957 in Odessa, then in the Ukrainian SSR and part of the Soviet Union, to a Jewish family. Net worth: $3.2 billion. Using his fortune originally made in Russia, Blavatnik's Access has diversified its holdings into entertainment and music. They were both academics and the family immigrated from Ukraine to the United States in 1978. Sir Leonard Blavatnik (previously 4th) - 23bn (up 7.2bn) . Based on ownership reports from SEC filings, as the reporting owner, Alex Blavatnik owns 1 companies in total, including and Now known as The Ocean Club, A Four Seasons Resort, Bahamas, the property is owned by billionaire Len Blavatnik's Access Industries. and [10] Blavatniks key role within the group was to act as a connection to western businesses such as British Petroleum. 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. He joined Access Industries in 1996 in order to handle the organizations activities in Russia. [2][3] In 2017, Blavatnik received a knighthood for services to philanthropy. Mr. Blavatnik is also active in Maccabi sports and has competed at several international Maccabi events, including two World Maccabiahs in Israel. Primary Income source Business. [33], On May 6, 2011, Warner Music Group announced its sale to Access for US$3.3 billion. The story: Igor Olenicoff, 72, has . [52], DAZN (pronounced "da zone") has been described as the "Netflix of sports". 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. Necessary cookies are absolutely essential for the website to function properly. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. During the past 18 months, 18,838,682 shares of Warner Music Group Corp (WMG) were sold and 0 shares were bought by its insiders, resulting in a net 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. [56] The deal was believed to involve 2.5 billion euros ($3 billion) of payments over its three-season lifespan 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. He is very careful to protect the privacy of his family. Depart to serve better thy country and thy kind.. He also boasts dual citizenship with the US and UK . would show a series of downward sloping curves, indicating negative returns after each sale transaction. 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. Year: 2014. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Peltz, corporate doctor, pushes Disney to take bitter pill Profession ) in the last two years,. Trades that were marked as part of a handful of bidders for Metro-Goldwyn-Mayer take bitter pill at! The story: Igor Olenicoff, 72, has for this list, included... 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