Born Leonid Valentinovich Blavatnik on the 14th day of June, 1957 in a place called Odessa in Ukraine, Len is an American-Ukrainian businessman with an estimated net worth of $20.1 billion.
A large percentage of Len Blavatnik’s wealth is as a result of his business dealings in oil, coal, real estate and other business sectors, in addition to being a member of boards of several companies and Universities. His net worth was vastly extended through Access Industries, an international production group that is based in New York and it became a long term deliberate in North and South America as well as Europe. He founded Access Industries in 1986.
Len Blavatnik went to school in Moscow’s State University of Railway Engineering and it was until 1978 that Len found his way into the United States of America. Once in America, Len knew what he wanted in life and he immediately enrolled into a masters degree program at Columbia University, where he graduated with a masters degree in computer science. He further progressed with his education process and enrolled at the Harvard Business School where he left in 1989 with an MBA.
Len Blavatnik started his company, Access Industries while still studying for his masters degree. This international company has holdings in Russia, South and North America as well as other parts of Europe. Len’s industry has investments in a number of major industries including oil, coal, aluminum, media, telecommunication, plastic, real estate as well as petrochemicals. Len is now the president of this group as well as the chairman of the board.
In 2005, Len’s industry bought Basell Polyolefins for an estimated $5.7 billion and in 2007; Basell bought Lyondell Chemical Company to form LyondellBasell Industries, the third largest company in the world dealing with chemicals.
His continued building of his billionaire empire saw this business tycoon come together with Viktor Vekselberg and Mikhail Fridman’s Alfa Group to form AAR. He has also been closely linked with UC Rusal, a company that is considered the largest producer of aluminum across the globe. He is also a member of the board of this company.
In 2013, Len Blavatnik was paid $50 million by JPMorgan Chase after he sued the company in 2010 for losing $100 million after following their advice. In 2011, Len’s Access Industries bought the Warner Music Group for an estimated $3.3 billion. In 2012, Len donated 72 million euros that led to the establishment of the Blavatnik School of Government at the University of Oxford aimed at training special former students. Furthermore, he also donated $50 million to Harvard Business School.
Len Blavatnik has participated in numerous charitable events and as a result, he was named the most charitable being Oxford University has had in its 900 year history.
Outside public life, Len is a family man married to Emily Appelson Blavatnik and the two have four children together.
Interesting Facts about Len Blavatnik