Other recent insider transactions involving Warner Music Group Corp (WMG) include [17], In August 2005, Access Industries bought petrochemicals and plastics manufacturer Basell Polyolefins from Royal Dutch Shell and BASF for $5.7 billion. [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. [17] Tyumen Oil was auctioned off with criteria that exactly matched AAR. Becoming #44 Billionaires globally and #20 billionaires in USA, he's Len Blavatnik or generally acknowledged as Leonid Valentinovich Blavatnik that was born on June 14, 1957. Blavatnik had bought Warner in 2011 for $3.3bn, and the remaining Access stake is worth $13bn. [60] As of 2018, Access Industries owned 60% of Ice Group, Norway's third largest telecoms company. Sir Leonard Valentinovich Blavatnik[a] (born June 14, 1957) is a Ukraine-born American-British business magnate and philanthropist. Len Blavatniks entertainment firm Access Entertainment bought the 67-year lease remaining on the Theatre Royal Haymarket, for a reported 45 million. He is a dual citizen of the U.S. and the U.K. This does not mean Yet a surprising number of respected American institutions dont seem to get it, including two that I am connected with: the Hudson Institute and Harvard. [100], Blavatnik is a friend of former Israeli Prime Minister Benjamin Netanyahu and a supporter of Donald Trump. [10] The New York-based business[14] controls 21% of LyondellBasell, the world's largest producer of polypropylene. 2. Len Blavatnik was born on June 14, 1957 in London, United Kingdom, United States. The BF on the 767 stands for Blavatnik Family. Len Blavatnik Net Worth. An investor, businessman, and philanthropist, Leonard Valentinovich Blavatnik has gained his wealth through investments in different companies via his conglomerate company called Access Industries. Louis Dickler He went public with Warner Music in June 2020 for four times the value after purchasing the company for $3.3 billion in 2011. He's now one of the 20 richest Americans, with a net worth of $38.3 billion. [25] The sale represented the liquidation of the majority of Blavatnik's Russian assets. [92] Since April 2016, Blavatnik contributed $383,000 to the Republican National Committee and $1 million to Trump's inauguration fund; he also made a donation to Trump's legal fund. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. over many years would result in downward sloping post-trade plots. Alex Wong // Getty Images #39. [77] At the time, Blavatnik told the media: "The Nobel's about $1 million, I thought $250,000 was big enough to make it really interesting but not big enough to be scary. [106], Moscow State University of Railway Engineering, School of Engineering and Applied Science, Pete Buttigieg 2020 presidential campaign, "Queen's birthday honours: Ukrainian-born museum donor Leonard Blavatnik is made a knight", "A Soviet-born billionaire is buying influence at US institutions. Alex Blavatnik, as he is known in United States, has been serving as the director of the Warner Music Group Corporation since 2011. [30] In 2013, the New York State Supreme Court ordered JPMorgan Chase to pay Blavatnik $50 million in damages. , There are now a record 171 billionaires in UK, with their wealth rising 21.7% . 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. [10] Blavatnik attended Moscow State University of Railway Engineering, but did not complete his coursework due to the family's request for emigration visas. [104], In 2013, Blavatnik was made chevalier of the French Legion d'Honneur. Anyone can read what you share. Monthly Income And Salary. Registration: D-ALEX. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. [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. Len Blavatnik Net worth: $32.3 billion. a net Access currently owns approximately 21% of LyondellBasell. A 1993 graduate of Columbia University, Mr. Blavatnik joined Access in 1996 to manage the Company's growing activities in Russia. To be clear, Mr. Blavatnik is not accused of any crimes, in the United States or in Russia. Try again later. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. in the PURCHASE chart and negative plots on the SALE chart. Boomerang Tube, a Missouri-based company that makes pipes and tubes for oil and natural gas companies, filed for bankruptcy protection on Tuesday in Delaware. Mr. Blavatnik is also on the board of Clal Industries Ltd., WMG Acquisition Corp. and Warner Music Group Corp. Blavatnik was born in 1957 in Odessa, then in the Ukrainian SSR and part of the Soviet Union, to a Jewish family. "[77], In 2014, Blavatnik became a trustee of Carnegie Hall in New York City. Sign In. of 18,213,517 shares made by Ai Entertainment Holdings Llc He is also a minority owner in Russia's largest producer of. He is a dual citizen of the U.S. and the U.K. Blavatnik's company []. Arnault oversees some 70 fashion and cosmetic brands, and has . Donald Trumps real net worth? Owners company: Evraz. 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. 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. Of Jewish ancestry, Leonid Valentinovich Blavatnik was born on June 14, 1957 in Odessa, Ukraine. a series of upwardly sloping curves, indicating positive returns after each purchase transaction. Leonard Blavatnik has two daughters and two sons. [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. I wonder if Harvard does. As of July 2022, the net worth of Len Blavatnik's has grown by an estimated $32 Billion. Click here to see the complete history of Alex Blavatnik's form 4 insider trades. Neither of these charts would suggest insider trading activity. Mr. Blavatnik is entitled to spend his money how he pleases. [22], BP later sued TNK in the New York courts, claiming that the Sidanco assets were acquired illegally. 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. Hence, very little is known about them. You might contact Alex Blavatnik via mailing address: C/o Warner Music Group Corp., 1633 Broadway, New York Ny 10019. The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals He lives in London with his family. [35][36] Though WMG was the World's third largest record company[37] and considered a "trophy asset", it was also laden down with debt[38] and struggling to find an answer to online music piracy. Len Blavatnik's net worth is valued at $37 billion After the collapse of the Soviet Union, Blavatnik bought up former state assets in Russia that were privatized by the government. He took the title from Sir James Dyson, whose wealth rose by only 100m to 16.3bn, leaving him in fourth place. [5] He owns most of Warner Music Group and has stakes in several publicly traded assets via his privately held U.S. company Access Industries Holdings. [95], Blavatnik is married to Emily Appelson Blavatnik. if the insider is timing their trades to profit from insider information. At which point, Blavatnik sold $1.9 billion of shares. At Moscow State University of Railway Engineering, Blavatnik became close friends with Viktor Vekselberg, another Ukrainian Jew. "[72], In 2011, Blavatnik donated more than 50 million to the Tate Modern gallery in London the largest donation in the gallery's history. During the past 18 months, 18,838,682 shares of Warner Music Group Corp (WMG) were sold and 0 shares were bought by its insiders, resulting in a net Len Blavatnik made billions as a Kremlin insider. As a subscriber, you have 10 gift articles to give each month. In 1996, they obtained a coal mine in Kazakhstan. [57], In February 2022, Blavatnik agreed a $4.3 billion recapitalisation of DAZN. This table shows the complete list of insider trades made by Alex Blavatnik as disclosed to the Securities Exchange Commission (SEC). [6] Through Access Industries Holdings Blavatnik owns most of Warner Music Group and has stakes in several publicly traded assets. The Wall Street Journal; 06/22/22; [61], Blavatnik is a member of the Global Advisory Board of the Centre for International Business and Management at Cambridge University, a member of the board of Dean's Advisors at the Harvard Business School, a member of the Harvard Medical School Board of Fellows,[62] and a member of the academic board at Tel Aviv University. [27] On January 6, 2009, the U.S. operations of LyondellBasell Industries filed for bankruptcy.[28]. Silicon Valley tycoons dominated the top of the global rankings . This website is provided as is without any representations or warranties, express or implied. Mr. Blavatnik has served as a director since July 20, 2011. $250 Million +. [94], Blavatnik donated $5,200 to the Pete Buttigieg 2020 presidential campaign and $5,600 to the Joe Biden 2020 presidential campaign. 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. Using his fortune originally made in Russia, Blavatnik's Access has diversified its holdings into entertainment and music. Billionaire Len Blavatnik owns 4 private jets: His largest is a Boeing 767 with registration N673BF. Mr. Blavatnik is an Executive Vice President and Vice Chairman of Access. He'd extended some of his investments, through Access Indudtries, international production group that 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. Blavatnik began his business career by accumulating shares in aluminum smelters in the period of privatisation that followed the collapse of the Soviet Union. The renowned inventor has been named on the rich list for a couple of years now, but he emerged as the wealthiest person in the United Kingdom for the first time in 2020 with a net worth estimated at 16.20 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. Ukraine-born American investor Leonard Blavatnik came in at No. [105] He was knighted by Queen Elizabeth II in the 2017 Birthday Honours for services to philanthropy. His wealth is mostly derived from his diverse investments in Europe, South and North America as well as Russia. In the case of (b), the SALE chart I will spend whatever it takes. To calculate this, we examine every open-market, unplanned purchase London-based magnate Sir Leonard Blavatnik tops the UK list with a net worth of 23billion, placing 46th in the global leaderboard. Additionally, he owns a minority stake in United Co. Rusal, the largest aluminum producer in Russia. Len Blavatnik's tertiary education in Moscow was cut short by emigrating to the USA with his family in 1978. These cookies do not store any personal information. [85], Blavatnik holds British and American citizenship. Likewise, non-cyclical declines He is also the Executive Vice President and Vice Chairman of Access Industries, along with being a director of WMG Acquisition Corp. And US$ 50 million to Harvard University to sponsor life sciences entrepreneurship at the university. 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