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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.
June 01, 1957
68 years
Music, Chemicals
Diversified
United States
London
Master of Science, Columbia University; Master of Business Administration, Harvard Business School; Bachelor of Arts/Science, Moscow State University
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.
Born in Odesa, Ukrainian SSR, Soviet Union, to a Jewish family.
Emigrated from the Soviet Union to the United States.
Received a master's degree in computer science from Columbia University's School of Engineering and Applied Science.
Founded the holding company, Access Industries Holdings, of which he is chairman and president.
Earned an MBA from Harvard Business School.
Obtained a coal mine in Kazakhstan.
United with Viktor Vekselberg's Renova Corp and Mikhail Fridman's Alfa Group to form AAR (Alfa, Access, Renova).
Acquired petrochemicals and plastics manufacturer Basell Polyolefins from Royal Dutch Shell and BASF for $5.7 billion.
Completed the acquisition of Lyondell Chemical Company for an enterprise value of approximately $19 billion, forming LyondellBasell Industries.
LyondellBasell Industries filed for bankruptcy but emerged from Chapter 11 bankruptcy protection in 2010 with a significantly improved financial position.
Access Industries was reported as one of the bidders for Metro-Goldwyn-Mayer.
Acquired Warner Music Group for $3.3 billion.
Made a €100 million investment in the music streaming service Deezer.
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.
Acquired Perform Group for £702 million.
Launched Access Entertainment, which bought James Packer's stake in RatPac Entertainment and a 24.9% stake in Bad Wolf.
Considered purchasing Time Inc. with Edgar "Ed" Bronfman Jr. but walked away from the deal due to valuation issues.
Was a front runner in the bidding to purchase the Theatre Royal Haymarket and finalized the purchase through Access Entertainment.
DAZN signed an eight-year, $1 billion deal with Eddie Hearn's Matchroom Boxing.
DAZN paid €600 million for domestic screening rights for Italian Serie A football matches in a three-year deal.
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.
DAZN reported a loss of more than $1.3 billion for continuing and discontinued operations, impacted by the COVID-19 pandemic.
Unveiled a slate of original documentary programming featuring global sporting icons.
Warner Music Group went public with an initial public offering that valued the company at $13.3 billion.
Agreed to a $4.3 billion recapitalization of DAZN, enabling the company to target new revenue streams in betting.
Donated half of the £15 million required to prevent the sale and dispersal of the Honresfield Library on the open market.
Contributed to the establishment of the Blavatnik Art, Film, and Photography Galleries at the Imperial War Museum in London.
Halted funding at Harvard University until the university addresses perceived antisemitism on campus.
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