Sir Leonard Blavatnik: A Profile of Success and Philanthropy
- Age: 67 (born June 14, 1957)
- Business: Founder and Chairman of Access Industries
- Height: Information not publicly disclosed
- Spouse: Married to Emily Appelson
- Net Worth: Estimated at $32.1 billion as of 2024
How Did He Make His Money?
Len Blavatnik's journey to wealth began with strategic investments during the privatization era following the Soviet Union's collapse. He capitalized on opportunities in the aluminum and oil sectors, notably co-founding the Russian oil company TNK-BP. This venture yielded substantial dividends and culminated in the sale of his stake for $7 billion in 2013.
In 2011, Blavatnik expanded his portfolio by acquiring Warner Music Group for $3.3 billion. Under his leadership, the company went public in June 2020, achieving a valuation four times its purchase price. Through his investment firm, Access Industries, Blavatnik holds significant stakes in various companies, including LyondellBasell Industries NV, Calpine Corporation, and Opendoor Technologies Inc.
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Why Did He Become a Sir?
In 2017, Len Blavatnik was knighted by Queen Elizabeth II for his exceptional contributions to philanthropy. His charitable endeavors encompass substantial donations to educational and cultural institutions across the United Kingdom. Notably, in 2010, he pledged £75 million to the University of Oxford, leading to the establishment of the Blavatnik School of Government.
What Does He Own?
Blavatnik's investment firm, Access Industries, boasts a diverse portfolio across multiple sectors:
- Chemicals: Stake in LyondellBasell Industries NV, a prominent chemicals firm.
- Energy: Investment in Calpine Corporation, an energy conglomerate.
- Technology: Stake in Opendoor Technologies Inc., a real estate technology company.
Beyond his business ventures, Blavatnik owns a Grade II listed property on Kensington Palace Gardens in London, valued at approximately £200 million. He also maintains a residence in Manhattan, estimated to be worth over $250 million.
Sir Leonard Blavatnik's trajectory from a Soviet émigré to a globally recognized billionaire and philanthropist underscores his strategic acumen in business and a steadfast commitment to giving back to society.
