Len Blavatnik

Len Blavatnik

$30.77 B

Ranked #70 in World

About Len Blavatnik

Sir Leonard Valentinovich Blavatnik, born in 1957 in Odesa, Ukrainian SSR, Soviet Union, is a prominent figure in the finance industry. After emigrating to the United States in 1978, he earned a master's degree in computer science from Columbia University and an MBA from Harvard Business School. In 1986, he founded the holding company Access Industries Holdings and became its chairman and president. Blavatnik's career highlights include accumulating shares in aluminum smelters in Russia, acquiring various companies such as Basell Polyolefins and Lyondell Chemical Company, and investing in the entertainment industry through ventures like Warner Music Group and DAZN Group. He is also known for his philanthropic efforts, supporting cultural institutions and funding scientific research. With a fortune of £23 billion, Blavatnik is recognized as one of the wealthiest individuals in the UK.

Born

June 01, 1957

Age

68 years

Source Of Wealth

Music, Chemicals

Industries

Diversified

Citizenship

United States

Residence

London

Education

Master of Science, Columbia University; Master of Business Administration, Harvard Business School; Bachelor of Arts/Science, Moscow State University

## Early Years & Childhood Sir Leonard Valentinovich Blavatnik was born on June 14, 1957, in Odesa, Ukrainian SSR, Soviet Union, to a Jewish family. He spent his early childhood in Odesa before moving to Yaroslavl, Russia, with his family. Blavatnik attended Moscow State University of Railway Engineering but did not complete his coursework due to his family's request for emigration visas. In 1978, he emigrated from the Soviet Union to the United States. He went on to receive a master's degree in computer science from Columbia University's School of Engineering and Applied Science in 1981 and an MBA from Harvard Business School in 1989.## Family Sir Leonard Blavatnik is married to Emily Appelson Blavatnik, and they have four children together. The couple resides in a Grade II listed building on Kensington Palace Gardens in London, valued at £200 million. They also own a residence in Manhattan, New York City, worth over $250 million.## Career Highlights Blavatnik founded the holding company, Access Industries Holdings, in 1986, and serves as its chairman and president. He accumulated shares in aluminum smelters in Russia after the collapse of the Soviet Union and was a board member of United Company Rusal, the world's largest aluminum producer, from 2007 to 2016. Blavatnik also invested in regional electricity generating stations to supply power to energy-intensive aluminum businesses.In 1997, he formed the Renova investment vehicle with Viktor Vekselberg and acquired a stake in the Irkutsk Aluminum Plant. They accumulated smelters and plants until their company Sual became the second-largest aluminum firm in Russia. Blavatnik obtained a coal mine in Kazakhstan in 1996 and united with Viktor Vekselberg's Renova Corp and Mikhail Fridman's Alfa Group to form AAR (Alfa, Access, Renova).AAR bought 40% of Tyumen Oil (TNK) for $800 million and later acquired Sidanco's best assets via bankruptcy proceedings.

TNK merged with British Petroleum to form TNK-BP, one of the largest oil companies in Russia. In 2013, AAR sold its 50% stake in TNK-BP to Rosneft for $28 billion.Blavatnik made significant acquisitions in the petrochemicals and entertainment industries. He acquired petrochemicals and plastics manufacturer Basell Polyolefins from Royal Dutch Shell and BASF for $5.7 billion in 2005 and completed the acquisition of Lyondell Chemical Company for an enterprise value of approximately $19 billion in 2007, forming LyondellBasell Industries.In the entertainment sector, Blavatnik acquired Warner Music Group for $3.3 billion in 2011, which went public in 2020 with an initial public offering that valued the company at $13.3 billion. He also invested in the music streaming service Deezer, acquired Perform Group, and launched Access Entertainment, which bought stakes in RatPac Entertainment and Bad Wolf.## Companies - Access Industries Holdings - United Company Rusal - Renova - Sual - Alfa Group - TNK-BP - Rosneft - Basell Polyolefins - Lyondell Chemical Company - LyondellBasell Industries - Warner Music Group - Deezer - Perform Group - Access Entertainment - RatPac Entertainment - Bad Wolf## Major Achievements - Founded Access Industries Holdings, a global investment and holding company. - Accumulated shares in aluminum smelters in Russia after the collapse of the Soviet Union. - Formed the Renova investment vehicle with Viktor Vekselberg and acquired a stake in the Irkutsk Aluminum Plant. - United with Viktor Vekselberg's Renova Corp and Mikhail Fridman's Alfa Group to form AAR (Alfa, Access, Renova). - AAR bought 40% of Tyumen Oil (TNK) for $800 million and later acquired Sidanco's best assets via bankruptcy proceedings. - TNK merged with British Petroleum to form TNK-BP, one of the largest oil companies in Russia. - Sold AAR's 50% stake in TNK-BP to Rosneft for $28 billion in 2013. - Acquired petrochemicals and plastics manufacturer Basell Polyolefins from Royal Dutch Shell and BASF for $5.7 billion in 2005.

- Completed the acquisition of Lyondell Chemical Company for an enterprise value of approximately $19 billion in 2007, forming LyondellBasell Industries. - Acquired Warner Music Group for $3.3 billion in 2011. - Launched Access Entertainment, which bought stakes in RatPac Entertainment and Bad Wolf.## Awards & Achievements - Chevalier of the French Legion d'Honneur (2013) - Knighted by Queen Elizabeth II in the 2017 Birthday Honours for services to philanthropy.## Personal Life & Legacy Sir Leonard Blavatnik is a British-American billionaire businessman and philanthropist. He is known for his extensive investments in various industries, including aluminum, oil, petrochemicals, entertainment, and telecommunications. Blavatnik is also actively involved in philanthropy, supporting numerous cultural and educational institutions worldwide. He is a prominent figure in the business and philanthropic communities and has received recognition for his achievements and contributions.## Trivia - Blavatnik is a longtime friend and business partner of Ukrainian-born Russian oligarch Viktor Vekselberg. - He holds British and American citizenship. - Blavatnik is a friend of Israeli Prime Minister Benjamin Netanyahu and has donated to a private legal defense fund for Donald Trump. - He was mentioned in investigations led by Special Counsel Robert Mueller into Russian donations to the Trump administration.

Wealth History

Timeline

1957

Born in Odesa, Ukrainian SSR, Soviet Union, to a Jewish family.

1978

Emigrated from the Soviet Union to the United States.

1981

Received a master's degree in computer science from Columbia University's School of Engineering and Applied Science.

1986

Founded the holding company, Access Industries Holdings, of which he is chairman and president.

1989

Earned an MBA from Harvard Business School.

1996

Obtained a coal mine in Kazakhstan.

1997

United with Viktor Vekselberg's Renova Corp and Mikhail Fridman's Alfa Group to form AAR (Alfa, Access, Renova).

2005

Acquired petrochemicals and plastics manufacturer Basell Polyolefins from Royal Dutch Shell and BASF for $5.7 billion.

2007

Completed the acquisition of Lyondell Chemical Company for an enterprise value of approximately $19 billion, forming LyondellBasell Industries.

2009

LyondellBasell Industries filed for bankruptcy but emerged from Chapter 11 bankruptcy protection in 2010 with a significantly improved financial position.

2010

Access Industries was reported as one of the bidders for Metro-Goldwyn-Mayer.

2011

Acquired Warner Music Group for $3.3 billion.

2012

Made a €100 million investment in the music streaming service Deezer.

2013

Sued JPMorgan Chase for $100 million in losses allegedly incurred by following the bank's advice on mortgage securities and won $50 million in damages.

2014

Acquired Perform Group for £702 million.

2016

Launched Access Entertainment, which bought James Packer's stake in RatPac Entertainment and a 24.9% stake in Bad Wolf.

2017

Considered purchasing Time Inc. with Edgar "Ed" Bronfman Jr. but walked away from the deal due to valuation issues.

2018

Was a front runner in the bidding to purchase the Theatre Royal Haymarket and finalized the purchase through Access Entertainment.

2018

DAZN signed an eight-year, $1 billion deal with Eddie Hearn's Matchroom Boxing.

2018

DAZN paid €600 million for domestic screening rights for Italian Serie A football matches in a three-year deal.

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.

2019

DAZN reported a loss of more than $1.3 billion for continuing and discontinued operations, impacted by the COVID-19 pandemic.

2020

Unveiled a slate of original documentary programming featuring global sporting icons.

2020

Warner Music Group went public with an initial public offering that valued the company at $13.3 billion.

2020

Agreed to a $4.3 billion recapitalization of DAZN, enabling the company to target new revenue streams in betting.

2021

Donated half of the £15 million required to prevent the sale and dispersal of the Honresfield Library on the open market.

2022

Contributed to the establishment of the Blavatnik Art, Film, and Photography Galleries at the Imperial War Museum in London.

2023

Halted funding at Harvard University until the university addresses perceived antisemitism on campus.

Len Blavatnik : FAQs

What is Len Blavatnik's current net worth?

Len Blavatnik's current net worth is $30.77 billion.

What is Len Blavatnik's current global rank among billionaires?

Len Blavatnik holds the 70th position globally among billionaires.

What is Len Blavatnik's current ranking within the United States?

Len Blavatnik holds the 33rd position in United States.

What was the change in Len Blavatnik's net worth compared to the previous year?

Len Blavatnik's net worth increased by 1 billion dollars compared to the previous year 2025, when his net worth was 29.76 billion dollars.

What is the recent change in Len Blavatnik's net worth?

Len Blavatnik's net worth decreased by 133.35 million dollars recently, a 0.43% decrease, with his net worth standing at 30.77 billion dollars.

What are Len Blavatnik's main sources of wealth?

Len Blavatnik's main source of income comes from Music, Chemicals.

In which industry does Len Blavatnik primarily operate?

Len Blavatnik is primarily involved in the Diversified industry.

What is Len Blavatnik educational background?

Len Blavatnik holds a Master of Science from Columbia University, a Master of Business Administration from Harvard Business School and a Bachelor of Arts/Science from Moscow State University.

How old is Len Blavatnik?

Len Blavatnik is 68 years old.

Where was Sir Leonard Valentinovich Blavatnik born?

Sir Leonard Valentinovich Blavatnik was born in 1957 in Odesa, Ukrainian SSR, Soviet Union.

Where did Sir Leonard Valentinovich Blavatnik move to as a child?

Sir Leonard Valentinovich Blavatnik moved to Yaroslavl, Russia, as a child.

When did Sir Leonard Valentinovich Blavatnik emigrate to the United States?

Sir Leonard Valentinovich Blavatnik emigrated from the Soviet Union to the United States in 1978.

What is the name of the holding company founded by Sir Leonard Valentinovich Blavatnik?

The holding company founded by Sir Leonard Valentinovich Blavatnik is called Access Industries Holdings.

What was the value of Sir Leonard Valentinovich Blavatnik's fortune according to the Sunday Times Rich List in 2021?

According to the Sunday Times Rich List in 2021, Sir Leonard Valentinovich Blavatnik's fortune was £23 billion.
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