#71

Len Blavatnik

$32.5B

us

Passive income at 5% annual return

Since you arrived

$0.00

Per second

$52.00

Per minute

$3,091

Per hour

$185,462

Per day

$4,451,086

Wealth in context

Median US salary
19.2 minutes($59,384)
Average US home price
2.3 hours($420,800)
Teacher's annual salary (US avg)
22.5 minutes($69,544)

Time to earn each amount through passive income at 5% annual return on $32.5B net worth.

Biography

Born in Ukraine, raised north of Moscow, Len Blavatnik immigrated to the U.S. in 1978 with his family; he studied computer science at Columbia University and received an MBA from Harvard Business School.

He made an early fortune from Russian oil company TNK-BP, including billions in dividends paid by the joint venture and the sale of his stake in 2013 for $7 billion.

After purchasing Warner Music in 2011 for $3.3 billion, he took the company public in June 2020 at quadruple the value.

His investment firm Access Industries holds stakes in chemicals firm LyondellBasell, energy conglomerate Calpine and house flipping website Opendoor.

Blavatnik says he has given or pledged over $1 billion to philanthropy, mostly to universities, including Oxford, Stanford, Harvard and Yale.

He is a dual citizen of the U.S. and the U.K.

About

Blavatnik bought artist Damien Hirst's giant gilded wooly mammoth skeleton entitled "Gone (but) Not Forgotten" for $15 million in 2014.

Blavatnik has been a producer on several Broadway shows including "The Front Page" and "Sunset Boulevard."

Details

Gender: m
Citizenship: us
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