Early life and Education Blavatnik was born in Odesa, Soviet Ukraine, to a Jewish circle of relatives. . We also use third-party cookies that help us analyze and understand how you use this website. 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. Alex Blavatnik Director. In addition, he has interests in Tory Burchs fashion house. Meanwhile, London-based Dazn aims . Finally, we average all of the performance metrics to calculate a performance metric for the insider. [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. He also boasts dual citizenship with the US and UK . Customer Service. Educated at Harvard and Columbia, Len first became rich by investing in Russian oil. BRUNELLO CUCINELLI. We are delighted that you'd like to resume your subscription. Blavatnik is worth $20.1 billion, rising to prominence after his privately held industrial group, Access Industries, purchased Warner Music Group for $3.3 billion in 2011. Fundamental company data provided by Morningstar, updated daily. He's among those American business magnates who've $17, 8 Billion as his net worth these days. The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals [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. Forbes ranks Blavatnik as the 59th richest in the world as of November 2019. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. Non-planned The company also invested in regional electricity generating stations, which they used to supply power to their energy-intensive aluminium businesses. Year: 2014. [52], DAZN (pronounced "da zone") has been described as the "Netflix of sports". 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. 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 Additionally, he owns a minority stake in United Co. Rusal, the largest aluminum producer in Russia. Copyright 2023 USA Swimming. Louis Dickler Feedback for the Mock Behavior Analysis Exam is provided by content area, not by question. 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 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) . 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. Apart from being a business tycoon, Blavatnik strongly believes in giving back to the needy. So, how much is Sir Leonard Valentinovich Blavatnik networth at the age of 64 years old? He graduated from Columbia Business School in 1993. "[72], In 2011, Blavatnik donated more than 50 million to the Tate Modern gallery in London the largest donation in the gallery's history. Up to this point, AAR had taken $19 billion in dividends from the joint venture. $250 Million +. Investor Fundsmith accuses Unilever of 'virtue signalling' and prioritising Peltz. 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. According to the recent analysis of 2022, we have got that the estimated net worth of Len Blavantik is about $21.8 billion. He acquired the property in 2004. [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. Necessary cookies are absolutely essential for the website to function properly. 42 with a net worth of $16.7 billion. That investment is currently worth $5.24 billion in mostly unrealized gains. Alex Blavatnik, Brother of Billionaire Len Blavatnik, Pays Nearly $25 Million for MoMA Penthouse. As of July 2022, the net worth of Len Blavatnik's has grown by an estimated $32 Billion. Vekselberg would later go on to found Renova Group[10], His family emigrated from the Soviet Union to the United States of America in 1978, and he received a master's degree in computer science from Columbia University's School of Engineering and Applied Science in 1981[11] and an MBA from Harvard Business School in 1989. 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 . Mr. Blavatnik is also on the board of Clal Industries Ltd., WMG Acquisition Corp. and Warner Music Group Corp. Jeff Yass - Net worth: $30 billion . The Ocean Club on Paradise Island is now part of the Four Seasons Hotels & Resorts family of properties. [94], Blavatnik donated $5,200 to the Pete Buttigieg 2020 presidential campaign and $5,600 to the Joe Biden 2020 presidential campaign. [17], In 1997, Blavatnik Access Industries united with Viktor Vekselberg's Renova Corp and Mikhail Fridman's Alfa Group, to form a company AAR (Alfa, Access, Renova). He is also the Executive Vice President and Vice Chairman of Access Industries, along with being a director of WMG Acquisition Corp. In doing so, he replaced Sir James Dyson. Net Worth details: Len Blavatnik holds a 19 percent stake in chemical company LyondellBasell which is based in Houston, Texas. 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. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Acting CFO & Corp. Contr. [19] He and a friend from university, Viktor Vekselberg, formed the Renova investment vehicle. The money will be used to establish the Blavatnik Art, Film and Photography Galleries. WSJ News Exclusive Private Properties Alex Blavatnik, Brother of Billionaire Len Blavatnik, Pays Nearly $25 Million for MoMA Penthouse The roughly 4,600-square-foot apartment at the Jean. [88] He also donated $1 million to the committee for the inauguration of Donald Trump. Annual Salary. [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. 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. He did this via his holding company, Access Industries. Len Blavatnik is an American businessman with an estimated net worth of $25.3 billion in July 2019. His investment firm Access Industries holds stakes in chemicals firm LyondellBasell, energy conglomerate Calpine and house flipping website Opendoor. May 21 Blavatnik began his business career by accumulating shares in aluminum smelters in the period of privatisation that followed the collapse of the Soviet Union. 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. But he did succeed in attaching his name to Harvard for generations to come. In addition, Mr. Blavatnik is engaged in numerous philanthropic pursuits and sits on the boards of several educational and charitable institutions. [5] Blavatnik made his wealth through the acquisition of these commodities. The self-made billionaire's wealth has ballooned in recent years thanks to his privately held . Registration: D-ALEX. These cookies do not store any personal information. INTERSECT Portfolio Builder / Fund Intersect. Sir Leonard Blavatnik (previously 4th) - 23bn (up 7.2bn) . Blavatnik bought artist Damien Hirst's giant gilded wooly mammoth skeleton entitled "Gone (but) Not Forgotten" for $15 million in 2014. Or maybe they are the same thing. ABF6A LLC, managed by Alex Blavatnik, sold the 4,381-square-foot Unit 6-A, with four bedrooms and 6.5 bathrooms, to Judith Licht and Leonard Licht. Long Strange Trip will debut May 26 on Amazon Prime Video in the U.S. and U.K. as a six-part documentary, with additional territories to be announced. Also a philanthropist, he serves on the boards of several charitable and educational institutions. Billionaires Viktor Vekselberg and his U.S.based business partner Len Blavatnik are stuck in a New York court after their massive Russian oil deal fails to deliver on alleged shareholder agreement. He is a dual citizen of the U.S. and the U.K. In 1996, they obtained a coal mine in Kazakhstan. Seats: 23Value: US$ 90 million. [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. 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. Alex Blavatnik is known for Long Strange Trip (2017), Between Me and My Mind (2019) and Ballet Now (2018). it is illegal for them to make any sale [85], Blavatnik holds British and American citizenship. [31][32], At the time, Blavatnik told the New York Times: "The small guy can't get anywhere with suits like this. 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. This list only includes insiders that have made at least three trades in the last two years. Together, they acquired an empire of recently privatized metals and energy companies, often for outrageously low prices. Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram. of 115,000 shares made by Lincoln E Benet ", Related by financial asset: United Co. RUSAL Plc, Related by financial asset: Block Inc Class A. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. 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). 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. Leonard is married to Emily Appelson, who is an American citizen. 2. Ultimately, we are trying to determine how closely the insider's trades correlate to excess returns (positive or negative) in the share price in order to see [12] He also received the 2017 Samuel Johnson Medal from the school. Javascript is disabled in your web browser. [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. Len Blavatnik Net Worth. It is illegal for insiders to make trades in their companies based on specific, non-public information. and He acquired the company for $3.3 billion in 2011, investing. Len Blavatnik Yacht. 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. 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. Primary Income source Business. Blavatnik was born in Ukraine, emigrated to the . [22], BP later sued TNK in the New York courts, claiming that the Sidanco assets were acquired illegally. His wealth is estimated at $20 billion (2019). Alex Blavatnik, as he is known in United States, has been serving as the director of the Warner Music Group Corporation since 2011. If you don't, the market will punish you. Other key executives at Warner Music Group Corp include Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Alex Blavatnik Age : 57 Public asset : 19,981,500 USD Linked companies : Warner Music Group Corp. Summary Presently, Alex Blavatnik is Vice Chairman & Executive Vice President at Access Industries LLC. On December 20, 2007, Basell completed its acquisition of the Lyondell Chemical Company for an enterprise value of approximately $19 billion. [33], On May 6, 2011, Warner Music Group announced its sale to Access for US$3.3 billion. 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. The average trade profitability is the average return of all the open market purchases [6] Through Access Industries Holdings Blavatnik owns most of Warner Music Group and has stakes in several publicly traded assets. 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. 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