The house, which cost 10,000 to build in the mid-1850s, served as the residence of the Iraqi ambassador until 1989 when it became an annex of the Russian embassy and allegedly housed intelligence officers. Alex Blavatnik is also an investor in Ocean Terrace, a major mixed-use project planned for North Beach. [103], In May 2021, he once again topped the Sunday Times Rich List, having seen his wealth increase by 7.2 billion in the year to a total of 23 billion. [105] He was knighted by Queen Elizabeth II in the 2017 Birthday Honours for services to philanthropy.[106]. A 'multi-storey' underground car park is served by a car lift with room for five vehicles. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Do not sell or share my personal information. The company has interests in Warner Media Group, Calpine Corporation a natural gas and electric company and LyondellBasell Industries, one of the worlds largest plastics, chemical and refining companies. [17], In 1997, Blavatnik Access Industries united with Viktor Vekselberg's Renova Corp and Mikhail Fridman's Alfa Group, to form a company AAR (Alfa, Access, Renova). As a result, he succeeded Sir James Dyson. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. [6] Through Access Industries Holdings Blavatnik owns most of Warner Music Group and has stakes in several publicly traded assets. [21], The first order of business for AAR was to buy 40 per cent of a struggling oil producer Tyumen Oil (TNK) for $800 million. He is close to Russian oligarchs such as Viktor Vekselberg and Oleg Deripaska, and he is one of the GOPs largest donors. Blavatnik made his fortune in Russias aluminum wars and today has a net worth of about $37 billion, according to Bloomberg. The building, which was finished in summer 2015, was designed by the Swiss architects Herzog & de Meuron. [15] Blavatnik began his business career by accumulating shares in aluminum smelters in the period of privatisation that followed the collapse of the Soviet Union. He was even the wealthiest man in Britain. When Ziel Feldmans HFZ Capital Group paid $870 million for a site on Manhattans High Line to build a luxury condo project, Jonah Sonnenborn was perplexed by the then-record price, which came out to more than $1,000 per square foot. [73], In 2013, Harvard University announced a $50 million donation from Blavatnik's foundation to sponsor the establishment of the Blavatnik Biomedical Accelerator[74] and encourage life sciences entrepreneurship at the university[75] and named the first five HBS graduates to receive the Blavatnik Fellowship in Life Science Entrepreneurship. Mr Blavatniks wealth has been estimated at 11billion in the Sunday Times Rich List. In doing so, he replaced Sir James Dyson. [17] TNK then went on an acquisition spree, alighting on the oil company Sidanco, which was part-owned by the U.K. oil giant, British Petroleum. Thompson paid $12 million for the condo in 2016, acquiring it from the developer, the Chteau Group. The estate closest to the Royal family's residence belongs to the Russian-British billionaire and owner of the Warner Music Group, Leonard Blavatnik. It contains 3 bedrooms and 1 bathroom. [78] In 2016, the Blavatnik family foundation made a $25 million gift to Carnegie Hall. 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[61], Blavatnik is a member of the Global Advisory Board of the Centre for International Business and Management at Cambridge University, a member of the board of Dean's Advisors at the Harvard Business School, a member of the Harvard Medical School Board of Fellows,[62] and a member of the academic board at Tel Aviv University. 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The company also invested in regional electricity generating stations, which they used to supply power to their energy-intensive aluminium businesses. The splashy moves come at a time when theres been renewed focus on Blavatnik because of his ties to Russia. So does condo developer Ziel Feldman, founder and chairman of HFZ Capital, who recently built a hulking contemporary megamansion on Dune Road, according to property records. Its rivals included Germany's Sportsman Media Group and IMG of the U.S.[42], In 2016, Blavatnik launched Access Entertainment, which bought James Packer's stake in RatPac Entertainment and a 24.9% stake in Bad Wolf in 2017. Len Blavatnik House He owns many houses. Parlophone has the likes of Coldplay, Tinie Tempah and Blur on its roster and Blavatniks purchase makes him an even stronger power in the music game. [92] Since April 2016, Blavatnik contributed $383,000 to the Republican National Committee and $1 million to Trump's inauguration fund; he also made a donation to Trump's legal fund. [82], In February 2022, Blavatnik made a multi-million pound contribution to the Imperial War Museum in London. [12] He also received the 2017 Samuel Johnson Medal from the school. Blavatnik, executive vice president and deputy chairman of the New York-based conglomerate Access Industries, sold unit 5A at 3315 Collins Avenue for $11.5 million. The annual award acknowledges the accomplishments of remarkable younger scientists in lifestyles sciences, bodily sciences, and engineering and presents all finalists with a massive coin prize. 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[26], In 1999, Blavatnik sought to obtain the competing oil company Chernogorneft, which was being auctioned off. Vekelsberg went on to found Renova Group. Eaton Rapids, MI Real Estate & Homes for Sale - realtor.com Theres some interesting opportunities in terms of coming in and helping a development partner actually get their project vertical. [19] In a 2002 interview, Blavatnik told Bloomberg he was even considering creating his own railways. They accumulated smelters and plants until their company Sual had become the second-largest aluminum firm in Russia. In response, Carnegie Hall renamed its first level of boxes "The Blavatnik Family First Tier". Access Industries paid $5.7 billion to Royal Dutch Shell and BASF in August 2005 for the petrochemicals and plastics manufacturer Basell Polyolefins. AAR won a controlling stake in Russian oil company TNK thru privatization auctions. With a friend Viktor Vekselberg, who formed the Renova investment automobile, the two joined with Mikhail Friedmans Alfa organization to begin the AAR venture. $110,000. Since most of its capital comes from Blavatnik, rather than outside investors, Access has fewer constraints than other real estate private equity shops and asset managers. [47] Blavatniks Access Entertainment finalized its purchase of the Theatre Royal Haymarket in June 2018. Blavatnik loaned the project an artwork by Damien Hirst titled "Gone But Not Forgotten". It was the base time when he was dreaming of becoming a billionaire and being highly educated. His real name is Leonard Valentinovich Blavatnik. AAR reportedly paid just a quarter of the sum. [77] At the time, Blavatnik told the media: "The Nobel's about $1 million, I thought $250,000 was big enough to make it really interesting but not big enough to be scary. The basement contains a hot tub, a gym, a massage room, a cinema, and a wine cellar. Secret Stairs, Gold Everything: A Tour of Oligarch NYC - Curbed He grew up in a Jewish family. Special report: How Oxford partnered with Russian bank and Blavatnik [39] In May 2020, Warner Music announced it would proceed with an initial public offering that valued the company at $13.3 billion. There are a lot of rewards for established scientists, but I don't think young scientists get enough encouragement and support in a systematic way. [2][3] In 2017, Blavatnik received a knighthood for services to philanthropy. Magic In The Hamptons - Social House. Access also teamed up with David Schwartzman to resurrect a long-stalled redevelopment of the Baldwin Hills Crenshaw Plaza in South L.A.. [10] The New York-based business[14] controls 21% of LyondellBasell, the world's largest producer of polypropylene. As of March 2022, Forbes listed his wealth at $35.4 billion, making him somewhere between the 20th- and 33rd-richest person in the world. A newly-renovated mansion in London's most expensive street could be worth an incredible 200million, estate agents say. All property prices are as stated by the listing agent. He earned this much amount of net worth just by his creative, business-oriented mind and hard work. [54], In May 2018, DAZN signed an eight year, $1 billion deal with Eddie Hearn's Matchroom Boxing to stream fights on a new U.S. subscription service. Meir bought the Meadow Lane property for $10.5 million in 2013, via an LLC registered with HFZs New York office. He acquired a masters degree in computer technological know-how from Columbia College and an MBA from Harvard enterprise faculty in 1989. NYC's most expensive townhouse sets new record - New York Post Mr Blavatnik is close to completing his two-year project on the 27,000 sq ft Kensington Italianate villa just a stone's throw from the Embassy of the Russian Federation Residence. Blavatnik was ranked 27th on the Forbes 400 list in 2019. "[77], In 2014, Blavatnik became a trustee of Carnegie Hall in New York City. They talk to Len and decide what they want to do and go do it. 'Hes doing it to a phenomenal standard. Up to this point, AAR had taken $19 billion in dividends from the joint venture. [24], In 2013, the Russian oil company Rosneft paid AAR $28 billion in cash for its 50% stake in TNK-BP. It partnered with Steve Witkoff to acquire the nearly complete condo-and-hotel development, designed by Bjarke Ingels for $900 million. Sir Leonard Blavatnik is a global industrialist and philanthropist. We couldnt make sense of that number.. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development.