Ukrainian born Millionaire has donated millions to Trump and May
Ukrainian-born investment mogul Len Blavatnik, who ranks second on the Rich List, has given more than £150,000 to the party.
Len Blavatnik was in the Sunday Times Rich List 2015, Blavatnik was listed as the UK's richest person, with a fortune of £16.9 billion. Forbes ranks Blavatnik as the 16th richest in the world as of April 2015.
He owns a grade II listed building in Kensington Palace Gardens which is valued at £200 million.
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In 2010, Blavatnik sued JPMorgan Chase after losing $100 million by allegedly following Morgan's advice three years earlier to buy mortgage securities with AAA credit ratings. JPMorgan Chase was ordered to pay $50 million to Blavatnik on August 27, 2013.
n August 2005, Access Industries bought petrochemicals and plastics manufacturer Basell Polyolefins from Royal Dutch Shell and BASF for $5.7 billion. On December 20, 2007, Basell completed its acquisition of the Lyondell Chemical Company for an enterprise value of approximately $19 billion. The resulting company, LyondellBasell Industries then became the world's eighth largest chemical company based on net sales. On January 6, 2009, the U.S. operations of LyondellBasell Industries filed for bankruptcy.
On April 30, 2010, LyondellBasell emerged from Chapter 11 bankruptcy protection in a significantly improved financial position. As part of its exit financing, LyondellBasell raised $3.25 billion of first priority debt as well as $2.8 billion through the rights offering jointly underwritten by Access Industries, Apollo Management, and Ares Management. LyondellBasell stock has increased 103% in value since April 2010. Access currently owns approximately 14% of LyondellBasell.
AAR gained a controlling stake in Russian oil company TNK through privatization auctions, then in 2003 sold a 50% stake to British Petroleum to form TNK-BP, one of Russia's largest oil companies, where Blavatnik served on the board of directors. On March 21, 2013, Rosneft completed its $55 billion acquisition of TNK-BP. Blavatnik also has interests in UC Rusal, the world's largest aluminium producer, where he sits on the board. On May 6, 2011, Warner Music Group announced its sale to Access for US$3.3 billion.
In 1986, Blavatnik founded Access Industries, an international conglomerate company located in New York, of which he is chairman and president. Access has long-term holdings in Europe and North and South America. Initially, he moved into Russian investments, just after the fall of communism. He and a friend from university, Viktor Vekselberg, formed the Renova investment vehicle, and then the two joined with Mikhail Fridman's Alfa Group to form the AAR venture. Access has since diversified its portfolio to include investments in industries such as oil, entertainment, coal, aluminium, petrochemicals and plastics, telecommunications, media, and real estate.
Blavatnik is a supporter of the US Republican Party, and in 2015-2016 donated a total of $7.35 million to Republican political candidates. He also donated $1 million to the committee for the inauguration of Donald Trump. In August 2017, political scientist Bo Rothstein resigned from the Blavatnik School of Government out of opposition to Blavatnik's politics.
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