Meet Len Blavatnik, the richest man in Britain

Len blavatnik with chris martinMichael Buckner/GettyLen Blavatnik is Britain’s richest resident.

Britain’s richest man isn’t even British — it’s Ukraine-born billionaire Len Blavatnik.

Blavatnik is worth $US20.1 billion, rising to prominence after his privately held industrial group, Access Industries, purchased Warner Music Group for $US3.3 billion in 2011.

Since investing in tech giants Spotify and Beats, his wealth has ballooned, propelling him to the top spot from the number four spot on the Sunday Times Rich List just last year.

From hanging out with famous musicians to partying on his yacht, get to know Britain’s richest man.

Blavatnik attended Moscow University of Railway Engineering until his family immigrated to the US in 1978.

Moscow, Russia.

In 1986, Blavatnik founded Access Industries, a privately held industrial company. Initially, AI was involved in Russian investments but has since diversified its portfolio.

LyondellBasell, a chemical plant partially owned by Blavatnik's Access Industries.

Access Industries earns its fortune through three major sectors: natural resources and chemicals, media and telecommunications, and real estate.

AI recently acquired One & Only Ocean Club on Paradise Island in the Bahamas.

Blavatnik has partnered with Faena Group since 2000 to transform Puerto Madero in Buenos Aires, Argentina, into one of the most valuable pieces of real estate in Argentina.

The docklands of Puerto Madero.

Source: LinkedIn

Blavatnik also has an interest in fashion. His company became the first and largest outside investor in leading worldwide retailer Tory Burch when it purchased 20% of the company in 2004.

Fashion designer Tory Burch in Los Angeles.

Source: Bloomberg

AI acquired Atlantic, Warner Bros. Records, Rhino, and Warner Music Nashville when he purchased Warner Music in 2011. He also recently picked up Parlophone, a British music label that manages the likes of Coldplay and Two Door Cinema Club.

Blavatnik and recording artist Jason Derulo at WMG's Annual Grammy Celebration.

Source: The Guardian

Blavatnik owns AI Film, the independent film and production company that's behind acclaimed film Lee Daniels' The Butler and the summer 2015 release Mr. Holmes.

The stars of the upcoming AI film, Mr. Holmes at the 65th Berlinale International Film Festival in February.

The billionaire splits his time between New York and London. In 2004, he bought his first UK property on Kensington Palace Gardens, an area in London where the mega-rich reside. He spent years refurbishing the home -- it's now worth an estimated value of over $315 million.

Onslow Square Gardens in Kensington, west London.

Source: Daily Mail

Late last year, he purchased famed New York Jets owner Woody Johnson's apartment in Manhattan for $75 million.

New York Jets owner Woody Johnson.

Source: Bloomberg

Blavatnik is married to Emily Appelson Blavatnik. Together they have four children -- two boys and two girls. It's rumoured that Bruno Mars and Ed Sheeran -- clients of WMG -- were hired to perform at Blavatnik's daughters' bat mitzvahs.

Len and Emily Blavatnik.

Blavatnik hosts an exclusive luncheon aboard his yacht, The Odessa at Old Port, during the Cannes Film Festival in France every year along with film partner and friend Harvey Weinstein of The Weinstein Company.

The Odessa II is not Blavatnik's yacht, but strikingly similar in model and design.

The billionaire is a notable and global philanthropist. The Blavatnik Family Foundation has been a generous supporter of cultural and charitable institutions for more than 15 years: It proudly supports The Metropolitan Museum of Art, The National Gallery of Art, The Royal Academy of Arts, and Colel Chabad, a 20,000-square-foot food bank and warehouse in Israel. He recently made a donation of $20 million to Tel Aviv University (TAU) to launch the Blavatnik initiative.

Blavatnik is a primary beneficiary of Tate Modern, a modern art gallery in London.

In 2007, Blavatnik created the New York Academy of Sciences Blavatnik Awards for Young Scientists. The annual awards recognise achievements of young postdoctoral and faculty scientists in New York, New Jersey, and Connecticut. Each year, three unrestricted cash prizes of $250,000 are also awarded to America's most innovative scientific researchers.

Blavatnik aims to encourage young scientists through financial support and recognition.

In 2010, he donated $117 million to University of Oxford in England to establish The Blavatnik School of Government (BSG). It's the youngest department at the University -- its first class of 38 students was admitted in 2012 to the Master in Public Policy program.

University of Oxford.

Source: University of Oxford

Blavatnik's fortune grew in 2013 when JPMorgan Chase was ordered to pay him $50 million after he claimed they wrongfully advised him, causing him to lose 10% of his $1 billion investment.

JPMorgan was found liable for breach of contract.

Source: Reuters

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