Leonard Blavatnik: Is there a single family office?

Where does the fortune of Len Blavatnik come from?

Leonard Blavatnik is a British entrepreneur, investor and philanthropist. He made his fortune through profitable investments in then very small but now very successful companies, including Facebook, Amazon and Spotify. All the investments were made through his investment company Access Industries. Over time, Blavatnik has given away more than $700 million to charity. He was also knighted by Queen Elizabeth II for his philanthropic activities.

Today he has an estimated net worth of around $32 billion and is listed by Forbes as one of the richest people in the world. Partly due to the succes of the Leonard Blavatnik Family Office.

How did the Blavatnik family company develop?

Access Industries was founded by Blavatnik in 1986 while he was still a student at Harvard Business School. The investment firm is active in four industrial sectors: natural resources and chemicals, media and telecommunications, venture capital and real estate. The group invests in the US, Europe, Israel and Latin America. One of its most successful exits was TNK (a Russian oil company). Access Industries acquired a 40% stake in TNK in 1997. The stake was sold to Rosneft in 2013 and Blavatnik made $7 billion.

Is there a Len Blavatnik family office?

Obviously yes: “Access Industries” is the Leonard Blavatnik family office and holds lots of different investments across all kinds of assets. Its headquarters are located in New York.

How does the Blavatnik family office invest?

Blavatnik’s holding company, which also serves as his single family office, invests in many types of assets, from real estate to venture capital. Notable investments include Amazon, Facebook, Alibaba, Spotify, Rocket Internet and Zalando. Current portfolio investments include DEEZER and Warner Music. In 2015, Access Industries launched a “Technology Ventures” division focusing on pre-IPO “unicorns”. In real estate, Access focuses on luxury hotels. The portfolio includes the Sunset Tower Hotel in Los Angeles as well as  the 20 East End Hotel in Manhattan.

Current holdings also include companies in the biotech sector, such as Nibus and Perfuse, and the entertainment sector, such as A24.

This article is part of our detailed report “The single family offices of the richest US families“.

Picture source: Pedro Lastra.

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