What is Len Blavatnik’s Net Worth?
Len Blavatnik is a British-American investor and businessman and philanthropist.
Blavatnik’s business success was based on diversifying investments in a variety of companies through Access Industries, his conglomerate company.
Len Blavatnik’s net worth is approximately $21.8 billion as of July 2022.
Sir Leonard Blavatnik was a Soviet Ukrainian citizen who was born on June 14, 1957.
Moscow State University of Railway Engineering was his home, but he did not finish his studies due to family requests for emigration visas.
His family immigrated from the Soviet Union to America in 1978. He received a master’s degree in computer science from Columbia University and an MBA from Harvard Business School.
Blavatnik was the founder of Access Industries in 1986. It is an international conglomerate firm based in New York. He is currently its chairman and president. Access holds long-term interests in Europe, North America and South America.
Viktor Vekselberg was his friend at university. He formed the Renova investment vehicle. After that, the two joined Mikhail Fridman’s Alfa Group to create the AAR venture.
Access has since diversified its portfolio to include investments in oil, entertainment and coal as well as petrochemicals and plastics.
Access Industries acquired the plastics and petrochemicals manufacturer Basell Polyolefins of Royal Dutch Shell, BASF and other companies for $5.7billion in August 2005. Basell purchased Lyondell Chemical Company on December 20th, 2007 at a cost of $19 billion.
Access Industries was one of the few bidders to Metro-Goldwyn-Mayer’s tender in 2010. Blavatnik sued JPMorgan Chase the following year. Blavatnik lost $100 million having followed Morgan’s advice three decades earlier to buy mortgage securities that had AAA credit ratings.
These are some of Len Blavatnik’s greatest moments:
- Access Industries
- Purchased Warner Music (2011)
- Sold his oil company TNK-BP and made a fortune (2013)
Three Lessons From Len Blavatnik
We now know all about Len Blavatnik and his net worth. Let’s look at some lessons we can learn.
1. Do what you can for other people
We can practice compassion and love for each other every day. Even if you do it for a small amount, you are making the world a better place.
2. No matter what happens, you must keep moving forward and continue to move forward.
It doesn’t matter if you fail at something. Important in life is to have the courage and perseverance to succeed at every step.
3. Be true to yourself
True self-respect can make you happy, fulfilled, and help you achieve your goals.
Favorite Quotes From Len Blavatnik
While you can keep your body as receptive and well-oiled as possible, it is not up to you to decide if your body will be able to sustain the long haul.
If things get really difficult, raise your glass, stamp your feet, and do a little jig. This is all you have to do.