Len Blavatnik Net Worth $19.8 billion
Len Blavatnik salary $1,000,000,000
Len Blavatnik Net Worth: How rich is Len Blavatnik? & How much money is Len Blavatnik worth? Time to find out!
Len Blavatnik is a Soviet-born British-American businessman, investor, and philanthropist and his current net worth is $19.8 billion.
Born in Odessa he went to Moscow State University of Railway Engineering, but didn’t finish his coursework because of the family’s request for emigration visas.
His family emigrated from Soviet Union to the United States in 1978, so he earned a master in computer science from Columbia University. He has also received an MBA from Harvard Business School.
Upon finishing school, he founded Access Industries, an international conglomerate firm, in New York, of which he is still the CEO and president.
With a friend from the university, Viktor Vekselberg, he formed the Renova investment vehicle, and then the two joined Alfa Group, to start the AAR venture.
How did Len Blavatnik get famous?
With long-term holdings in Europe, North and South America, Access has since expanded its portfolio to include entertainment, coal, aluminum, media, among others.
Upon purchasing petrochemicals and plastics manufacturer Basel Polyolefins, for $5.7 billion, Access Industry became LyondellBasell Industries.
The company is now the world’s eighth largest chemical company based on net sales.
However, in 2009, the US operations of LyondellBasell Industries filed for bankruptcy.
After the company emerged from Chapter 11 bankruptcy protection, its stock increased 103% in value, since April 2010.
Access currently owns approximately 14% of LyondellBasell.
How does Len Blavatnik make money?
He made his money through business investments in different companies through his conglomerate company, Access Industries.
In 2015, he became Britain’s richest man with an estimated net worth of £17.1 billion. As of 2017, he has a net worth of almost $20 billion.
He owns Al Film, the independent film and production company who made Lee Daniels’ The Butler and Mr. Holmes, as well as an early investor in Rocket Internet and Beats Music.
Blavatnik is a member of the Global Advisory Board of the Centre for International Business and Management at Cambridge University.
He also founded the Blavatnik Family Corporation Foundation, and Access companies have supported many events and philanthropic institutions over the last 15 years.
Queen Elizabeth II, knighted him, for his contributions to philanthropy.