Leonard Blavatnik Network, Earning, and Salary 2022
Len Blavatnik is a British-American businessman, a seasoned investor, and a philanthropist. He is a well-known name in the league of wealthy persons in the UK. His wealth comes from his myriad of investments through his conglomerate company, Access Industries. As of January 2022, Blavatnik’s estimated net worth is US$39.9 billion.
How well do you know Len Blavatnik? continue reading this post and know more about him, his businesses, his personal life, family as well as his social life.
|Full name||Len Blavatnik|
|Date of Birth||June 14, 1957
|Place of Birth||Odessa, Ukrainian SSR, Soviet Union
|Source of Wealth||Music, Chemicals, Diversified|
|Residence||London, United kingdom|
|Spouse (s)||Emily Appelson|
|Number of Children||5|
|Education||Master of Science, Columbian University; Master of Business Administration, Harvard Business School; Bachelor of Arts/Science, Moscow State University|
|Net Worth||US$39.9 billion.|
|Last updated||January 2022|
Early Life and Education
Blavatnik was born to a Jewish family in Ukraine. He emigrated to the U.S. in 1978 for school. He studied computer science and received B.Sc. Computer Science at Columba University and later on, he received an MBA from Harvard Business School in 1989. Before he emigrated to the U.S.A., He attended Moscow State University of Railway Engineering, but did not complete his coursework due to the family’s request for emigration visas.
Who is Leonard Blavatnik and How much does he worth?
Blavatnik founded Access Industries in 1989. He is the chairman and president of the international conglomerate company located in New York. He and a friend from university, Viktor Vekselberg, formed the Renova investment vehicle, and then the two joined with Mikhail Fridman’s Alfa Group to form the AAR venture. Access has a long-term holdings in Europe and North and South America and has since diversified its portfolio to include investments in industries such as oil, entertainment, coal, aluminum, petrochemicals and plastics, telecommunications, media, and real estate.
In August 2005, Access Industries bought petrochemicals and plastics manufacturer Basell Polyolefins from Royal Dutch Shell and BASF for $5.7 billion. On December 20, 2007, Basell completed its acquisition of the Lyondell Chemical Company for an enterprise value of approximately $19 billion.
Blatvatnik made a fortune selling when he sold his stake in Russian oil company TNK-BP for $7 billion in 2013. Again, he bought Warner Music in 2011 for $3.3 billion. He took the company public in June 2020 has amassed great wealth from it.
Blavatnik’s wealth does not come from a single source. He constantly diversify and not stay on a particular sector. He was once described as Madonna of Wealth in the UK., a different person with every album. Blavatnik started his journey to wealth with aluminum, then oil and plastics. He later invested in fashion, real estate, technology, and media and entertainment. His fortune has been reshaped time and again similar to the transformation of Madonna.
Blavatnik, the Blavatnik Family Foundation and Access companies have supported many cultural and philanthropic institutions over the past 15 years. He has served as the primary benefactor for numerous major art and cultural exhibitions, including the British Museum, Tate Modern. Royal Opera House, National Portrait Gallery and Museum of Modern Art. Blavatnik Family Foundation together with the New York Academy of Sciences has supported the Blavatnik Awards for Young Scientists since 2007.
So many other institutions have benefited from the donations and gifts from Blavatnik including Oxford University, Harvard University and Stanford University.
In 2011, Blavatnik has made donations to different political parties. He has donated to both for U.S. president, Barack Obama and his GOP rival, former Massachusetts governor, Mitt Romney. He is one of the largest donors to the US Republican Party.
In February 2016, Blavatnik donated over $1 million to an anti-Donald Trump GOP group. Blavatnik and his American wife, Emily, also donated to Democratic Party candidates Kamala Harris, Chucks Schumer and Harry Clinton.
Personal Life and Marriage
Leonard is happily married to Emily Appelson Blavatnik. The couple have four children, including daughter Laila.
He owns a Grade II listed building on “the most expensive street in the world” Kengsington Palace gardens (number 15) which is valued at £200 million. He acquired the lot in 2004 and can live conveniently near the ambassador of Russian Federation (number 13 on the street) as well as a residence in Manhattan valued at more that $250 million.
Blavatnik is a friend of former Israeli Prime Minister Benjamin Netanyahu and a big supporter of Trump. He is also a friend to Viktor Vekselberg, one of Russia’s richest men.
Honours and Award
Blavatnik received the chevalier of the French Legion d’Honneur in 2013. He was also knighted by Queen Elizabeth II in the 2017 Birthday Honours for services to philanthropy
Len Blavatnik is a British-American businessman, a seasoned investor and a philanthropist. He is a well known name in the league of wealthy persons in the UK. His wealth comes from the myriad of his investments through his conglomerate company, Access Industries. As of January 2022, Blavatnik’s estimated net worth is US$39.9 billion and was named the richest person in the United Kingdom.