Len Blavatnik

Len Blavatnik

American entrepreneur and industrialist of Jewish origin.
Date of Birth: 14.06.1957
Country: USA

  1. Leonard Blavatnik: An American Entrepreneur and Industrialist
  2. Business Ventures and Investments
  3. Political Connections and Philanthropy
  4. Major Acquisitions
  5. Personal Life

Leonard Blavatnik: An American Entrepreneur and Industrialist

Leonard Blavatnik is an American entrepreneur and industrialist of Jewish descent. He did not complete his studies at the Moscow Institute of Transport Engineers, leaving after his fourth year. One of his classmates at the institute was Viktor Vekselberg. In 1978, Blavatnik emigrated with his family from the Soviet Union to the United States. He holds advanced degrees from Columbia University (Master of Science) and Harvard Business School (MBA). In 2007, Forbes 400 ranked him at number 45 on its list of the wealthiest Americans, estimating his net worth at $7.2 billion.

Business Ventures and Investments

Blavatnik is a member of the board of directors of the management company "SUAL-Holding" and the board of directors of OJSC "Siberian-Urals Aluminum Company". In 1986, he founded "Access Industries", a company that invests in various industries.

Since 1991, he has been one of the founders and partners of the Russian-American joint investment venture "Renova". Over the years, he has held key positions in companies such as "Arthur Andersen & Co.", "Macy's Department Stores", "General Atlantic Partners", TNK, "Deeside Aluminum", "Access Industries (Eurasia)", and "EnergiBolaget i Sverige AB".

Political Connections and Philanthropy

Blavatnik maintains contacts with the political elite of Russia, particularly Anatoly Chubais and Sergei Stepashin. In 1999, he sponsored Stepashin's visit to Washington, D.C., hosting a dinner in his honor attended by Washington politicians. He also makes significant contributions to the campaign funds of Republican congressmen from the state of New York (his company's headquarters are located in New York).

Since 1996, Blavatnik has been developing his business in Kazakhstan. He organized the PR of Kassym-Jomart Tokayev in the United States and sponsored his visits. Starting from 1998, Blavatnik intensified his activities in Russia, particularly in preparing strategic partnership options between Access Industries and RAO "UES". In 1999, Anatoly Chubais, during his visit to Kazakhstan, announced the possible creation of a fuel and energy company in the Pavlodar region with the participation of three power plants, RAO "UES", and Access Industries.

Major Acquisitions

Blavatnik's primary source of income came from the purchase of 50% of TNK's shares in partnership with Vekselberg. In 2003, they each earned nearly $2 billion from the sale of their stake in TNK to British Petroleum. Blavatnik's stake in "Renova" is around 30%.

Access Industries, owned by Leonard Blavatnik, acquired the British branch of the film distribution company Icon and a library of over 500 films, including "Driving Miss Daisy", "Dances with Wolves", "Stiletto", and "The Passion of the Christ".

In May 2011, Blavatnik's company, Access Industries, acquired Warner Music Group, a major record company, for $3.3 billion.

Personal Life

Blavatnik is married to an American woman and resides permanently in New York City.