Leonard Blavatnik: Is there a single family office?

Where does the fortune of Len Blavatnik come from?

Leonard Blavatnik is a british businessman, investor and philanthropist. He made his fortune due to profitable investments in then very small, but today very successful companies, including Facebook, Amazon and Spotify, for example. All investments were made through his investment firm “Access Industries”. Over the time Blavatnik has given away over 700 million U.S. dollars for charity. He received a knighthood for his philanthropic activities by Queen Elizabeth II. In 2017. Today he has an estimated net worth of around 24 billion U.S. dollars and is listed by Forbes as one of the richest people in the world.

How did the Blavatnik family company develop?

Access Industries was founded by Blavatnik in 1986 while he was still studying at Harvard Business School. The investment firm operates in four industrial areas: natural resources and chemicals, media and telecommunications, venture capital and real estate. The group invests in the United States, Europe, Israel and Latin America. One of the most successful exits was TNK (a Russian oil company). In 1997, Access Industries acquired a 40% stake in TNK. The stake was sold in 2013 to Rosneft and Blavatnik collected 7 billion U.S. dollars.

Is there a Len Blavatnik family office?

Obviously yes: “Access Industries” is Blavatnik’s single 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?

The holding company of Blavatnik, that also serves as his single family office, makes investments in many asset types from real estate to venture capital. Famous exemplary investments are Amazon, Facebook, Alibaba, Spotify, Rocket Internet and Zalando. The current portfolio includes, for example, DEEZER and Warner Music. In 2015, Access Industries launched a “Technology Ventures” department that focuses in pre-IPO “unicorns”. When investing in real estate, Access focuses on luxury hotels. The portfolio includes the Sunset Tower Hotel in Los Angeles and the 20 East End Hotel in Manhattan.

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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