made by the insider in the last three years. [10] The New York-based business[14] controls 21% of LyondellBasell, the world's largest producer of polypropylene. [56] The deal was believed to involve 2.5 billion euros ($3 billion) of payments over its three-season lifespan 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. Or maybe they are the same thing. Len Blavatnik made billions as a Kremlin insider. Its rivals included Germany's Sportsman Media Group and IMG of the U.S.[42], In 2016, Blavatnik launched Access Entertainment, which bought James Packer's stake in RatPac Entertainment and a 24.9% stake in Bad Wolf in 2017. a net These cookies will be stored in your browser only with your consent. [54] The company, which is dependent on subscriptions, saw revenue take a hit when the COVID-19 pandemic brought an abrupt halt to live sports. Len Blavatnik owns 19 percent of the Houston, Texas-based chemical company LyondellBasell. I wonder if Harvard does. Mr. Blavatniks biggest deal involved selling his stake in the Russian oil company TNK-BP to Rosneft in March 2013; he and his partners, including Mr. Vekselberg, together made $27.7 billion. [39], In 2012, Access Industries made 100 million investment in Deezer, the music streaming service. [76] At the same time, Blavatnik also announced three $250,000 national prizes, in conjunction with the New York Academy of Sciences, for young scientists restricted to scientists under the age of 42. Len Blavatnik attended university and studied computer science and railway engineering. [84] However, he did not give directly to the Trump campaign. To be clear, Mr. Blavatnik is not accused of any crimes, in the United States or in Russia. [60] As of 2018, Access Industries owned 60% of Ice Group, Norway's third largest telecoms company. As of January 2023, Len Blavatnik's net worth is estimated to be roughly $32 Billion. According to Forbes, he is the worlds 39th richest person. Those deals, and others, involved a series of transactions with individuals with checkered pasts, deep Kremlin ties and a reputation for corruption. Climate Activist Greta Thunberg Detained in Germany During Coal Mine Protest, Best and Worst Airlines of 2022: The Effect of the Southwest Mess, Fed Talks: A Conversation With St. Louis Fed President James Bullard, Watch: California Floods Leave Behind Washed Away Houses, Submerged Cars. would show a series of downward sloping curves, indicating negative returns after each sale transaction. [101], Blavatnik is also a longtime friend and business partner of Ukrainian-born Russian oligarch Viktor Vekselberg,[20] one of Russia's richest men, who is close to Russian President Vladimir Putin, and some other Russia-associated oligarchs being under Western sanctions for support of totalitarian regimes and criminal activities. Russian kleptocracy has entered the donor pool of Hudson Institute, he told The New York Post. On Tuesday, the founder, director and sole funder of the Hudson Institutes Kleptocracy Initiative, Charles Davidson, announced that he was leaving his position at the head of the initiative because Hudson had accepted a $50,000 donation for a table at its annual gala from Leonard Blavatnik, a Soviet-born dual British-American citizen who made his money in the rough and tumble of Russias commodities privatizations during the 1990s and now owns, among other properties, Warner Music Group. director & CEO Stephen Forbes Cooper a series of upwardly sloping curves, indicating positive returns after each purchase transaction. Businessman. [48][49], Blavatnik also owns AI Film, the independent film and production company that backed Lee Daniels film The Butler and the summer 2015 release Mr. Blavatnik also indicated the possibility of increasing his benefaction up to 100 million over time. He is very careful to protect the privacy of his family. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies. Mr. Blavatnik is a former Division I swimmer at Miami University in Oxford, OH and now an avid Masters swimmer with Ft. Lauderdale Swim Team at the International Swimming Hall of Fame Pool. Master of Science, Columbia University; Master of Business Administration, Harvard Business School; Bachelor of Arts/Science, Moscow State University. NELSON PELTZ. $250 Million +. This website uses cookies to improve your experience while you navigate through the website. Click here to see the complete history of Alex Blavatnik's form 4 insider trades. After getting British citizenship, Blavatnik was knighted by Queen Elizabeth II for his . Registration: D-ALEX. [73], In 2013, Harvard University announced a $50 million donation from Blavatnik's foundation to sponsor the establishment of the Blavatnik Biomedical Accelerator[74] and encourage life sciences entrepreneurship at the university[75] and named the first five HBS graduates to receive the Blavatnik Fellowship in Life Science Entrepreneurship. The seller was the buildings developer, a partnership between Hines and Pontiac Land. [95], Blavatnik is married to Emily Appelson Blavatnik. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. [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. [80], In 2018, Columbia's School of Engineering and Applied Science announced a gift from Blavatnik's foundation to fund engineering innovations in health. Born in Ukraine, raised in Moscow, Blavatnik emigrated to the U.S. in 1978 for school. sale Their original investment was $8 billion of assets. For full functionality of this site it is necessary to enable JavaScript. [57], In February 2022, Blavatnik agreed a $4.3 billion recapitalisation of DAZN. Sir Leonard Blavatnik (previously 4th) - 23bn (up 7.2bn) . [70] The gift is one of the largest philanthropic gifts in the university's 900-year history. Through the Blavatnik Award for Young Scientists, billionaire Len Blavatnik is looking to inject crucial capital to support younger scientists take innovative approaches to solve pressing problems, spur innovation, and inspire younger generations. Now known as The Ocean Club, A Four Seasons Resort, Bahamas, the property is owned by billionaire Len Blavatnik's Access Industries. 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. Eric Eisner, Nick Koskoff, Alex Blavatnik. [55], In June 2018, DAZN paid 600 million for domestic screening rights for Italian Serie A football matches in a three-year deal. of 510,165 shares made by Max Lousada Alex's net worth hovers over $5,000 - $9,999 with a yearly income that's about $100 - 149,999. made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. Billionaire Len Blavatnik Pledges $30M To Fund Young Scientists And Keep Innovation In The U.S. Len Blavatnik's LyondellBasell Trade Is Becoming Legendary, Billionaire Len Blavatnik Buys Warner Music Group For $3.3 Billion, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. And what message does it send to citizens of countries troubled by kleptocracy and corruption? [30] In 2013, the New York State Supreme Court ordered JPMorgan Chase to pay Blavatnik $50 million in damages. Insiders are officers, directors, or significant investors in a company. 2004-2023 GuruFocus.com, LLC. GuruFocus.com is not operated by a broker or a dealer. 01/13. 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. Round-up top news and topics for each of the following cities, Select the newsletter you'd like to receive below. Len Blavatnik's tertiary education in Moscow was cut short by emigrating to the USA with his family in 1978. You may change your billing preferences at any time in the Customer Center or call [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. [100], Blavatnik is a friend of former Israeli Prime Minister Benjamin Netanyahu and a supporter of Donald Trump. [25] The sale represented the liquidation of the majority of Blavatnik's Russian assets. Billionaire financier Len Blavatnik's bet on In 2014, Blavatnik bought 13-room two-level apartments in Manhattan for $77.5 million. Net Worth details: Len Blavatnik holds a 19 percent stake in chemical company LyondellBasell which is based in Houston, Texas. Ukraine-born American investor Leonard Blavatnik came in at No. . The story: Igor Olenicoff, 72, has . over many years would result in downward sloping post-trade plots. By now, most Americans are aware of the deep and disturbing connections between Russias oligarchs and the countrys president, Vladimir Putin, thanks to an onslaught of news coverage and a growing list of sanctions aimed at them and their business empires. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security The award reflects the generosity of Len and Alex Blavatnik, longtime board members at the Center. 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. He's given hundreds of millions to universities mostly in America and England. [99] He also has a residence in Manhattan valued at more than $250 million. In 2004, Blavatnik acquired a mansion in the downtown of London, Kensington Palace Gardens. [6], After the collapse of the Soviet Union, Blavatnik bought up former state assets in Russia that were privatized by the government. Donald Trumps real net worth? 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. Blavatnik's company []. Fundamental company data provided by Morningstar, updated daily. Alex Blavatnik, as he is known in United States, has been serving as the director of the Warner Music Group Corporation since 2011. $ + tax no insider transaction in Warner Music Group Corp (WMG). [17], In August 2005, Access Industries bought petrochemicals and plastics manufacturer Basell Polyolefins from Royal Dutch Shell and BASF for $5.7 billion. He was an early investor in Beats Electronics' streaming platform. The company is based in Atlanta, though it also has New York offices. . He's among those American business magnates who've $17, 8 Billion as his net worth these days. The first dean of the school is professor Ngaire Woods. , has world 's largest producer of polypropylene gurufocus.com is not operated by a broker or a dealer Mr. is. Len Blavatnik attended university and studied computer science and railway engineering russian kleptocracy entered! Blavatnik was knighted by Queen Elizabeth II for his [ 14 ] controls %!, updated daily sloping curves, indicating negative returns after each purchase transaction company! Details: len Blavatnik holds a 19 percent stake in chemical company LyondellBasell is! 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