The former CEO of Access Industries, a publicly traded holding company, and the owner of Warner Music Group, now owns several companies. He also owns a stake in The New York Times Co. and holds a large number of shares in the company.
Introduction
He is a British-American business magnate, investor, and philanthropist.
In the early 1990s, Blavatnik was already known in the public for investing in the telecommunications industry, such as with AT&T and Pacific Telesis, but it was his investments in media and cultural industries during the late 1990s, that would establish him as a leading Russian-American billionaire.
As of July, his net worth is estimated to be approximately $32 BILLION.
Early Life
He is the first son of the businessman and philanthropist Arkady Andreyevich Blavatnik.
After graduating from the Moscow State University of Railway Engineering, he was invited to serve at the Ministry of Transport.
He’s been the president, chairman, chief executive officer, and board member of a range of companies and organizations such as AOL, Apple, Google, and IBM.
Career
Blavatnik was inspired to found Access Industries after attending the 1988 Democratic National Convention and being inspired by the speeches from Michael Dukakis and Barbara Jordan.
The company has worked on major projects in several countries including China, Russia, India, Turkey, and Egypt. One of the more important ventures was a $5.7 billion deal to build a nuclear power plant in the United Arab Emirates.
Access has diversified into many industries including entertainment, oil, coal, aluminum, petrochemicals, telecommunications, media, and real estate.
Access Industries was one of the four bidders that had to compete for the bidding on the Metro-Goldwyn-Mayer company, which was also the owner of the James Cameron movie Avatar. The same year, the Russian billionaire Mikhail Blavatnik sued JPMorgan Chase after losing $100 million after following Morgan’s advice three years earlier to buy mortgage securities with AAA credit ratings.
As of July 2022, the net worth of Len Blavatnik’s has grown by an estimated $32 Billion.
Highlights
*Blavatnik helped found the American Jewish Committee, a Jewish group that promotes democracy.
*He’s also the chairman of the Warner Music Group, which includes Warner Bros.
*And he’s head of Access Industries, a company that owns the New York Times.
Favorite Quotes From Len Blavatnik
“Sometimes, it’s better to be lucky than good.” – Len Blavatanik
In the second episode of the four-part series about the psychology of genius, the subject of genius and the role of luck in its achievement is discussed.
There are no good answers for most questions when it comes to the world. As I try to teach my kids, however, there are always options.
Musicians are playing less music now than before and it’s mainly because they can’t make a living from playing music. They are not paid for playing.
3 Lessons From Len Blavatnik
So, now that you know how to calculate your own net worth, you can go about your day and continue to live the way that you want. If a billionaire does it too, it’s not just ok, but it’s encouraged!
1. Do What You Can For Other People
In the world today, helping others can be done in many ways. Even if it’s something small, you’re making the world a better place.
2. Whatever Happens, Always Keep Going And Moving Forward
If you fail at something, you’re not as good as you thought you were. You didn’t really try that hard.
3. Be True To Yourself
Your happiness lies in your actions, not in the things you own or the possessions you have.
Summary
Blavatnik is one of the world’s top 20 richest men. He gained his wealth from his investment in the Chernobyl nuclear power plant. He also owns Ukraine’s largest petroleum company, TNK-BP.
Len Blavatnik is worth billions and he’s still an owner of Access Industries.