In 1986, Blavatnik founded the holding company, Access Industries Holdings, of which he is chairman and president.
The New York-based business controls 21% of LyondellBasell, the world's largest producer of polypropylene.
Through Access Industries Holdings, Blavatnik owns most of Warner Music Group and has stakes in several publicly traded assets.
Len Blavatnik $30B $120M (0.40%)Real Time Net Worth as of 11/9/23#46 in the world today
About Len Blavatnik
- Born in Ukraine, and 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 made an early fortune from Russian oil company TNK-BP, including billions in dividends paid by the joint venture and the sale of his stake in 2013 for $7 billion.
- After purchasing Warner Music in 2011 for $3.3 billion, he took the company public in June 2020 at quadruple the value.
- His investment firm Access Industries holds stakes in chemicals firm LyondellBasell, energy conglomerate Calpine, and house flipping website Opendoor.
- Blavatnik says he has given or pledged over $1 billion to philanthropy, mostly to universities, including Oxford, Stanford, and Harvard.
- He is a dual citizen of the U.S. and the U.K.
- The Blavatniks have given to both political parties in the U.S., from Trump's inaugural committee to Pete Buttigieg's presidential campaign.
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