Twitter: @ruthcmay. This pardon is supported by Len Blavatnik, Geoff Palmer, Tom Barrack, Sean Parker, Walid Abu-Zalaf, Medo Alsaloussi, and Kevin Downing. Kanye West and Kim Kardashian (KimYe) have bought into the 18-story luxury beachfront tower Faena House, seen here designed by Norman Foster and home to masters of the universe including Goldman Sachs chairman Lloyd Blankfein, hedge-fund billionaire Ken Griffin and Faena co-developer Len Blavatnik… Mr. Boulanger’s pardon is supported by numerous friends, as well as by past and … [1] It was founded in 1986 by businessman Leonard "Len" Blavatnik, who is also its chairman. Here’s what you need to know about Texas’ rotating outages, Do not store your food outside if you lose power. Faena has the celebrity seal of approval: Madonna, Leonardo DiCaprio and Beyoncé Knowles have checked into its hotels, while Kanye West and Kim Kardashian reportedly bought a $15.5m condo in Miami’s Faena House. As of 2019, Len Blavatnik was ranked 27th in the Forbes 400 list. An earlier version of this column used the name Leonid "Len" Blavatnik. Len Blavatnik's co-owner in RUSAL is his long-time business partner, Viktor Vekselberg, another Russian oligarch with close ties to  Putin. Forbes ranks Len as the 22nd richest person in the world, and he was ranked by the magazine as the 56th most powerful person in 2014, with a wealth of $32.3 billion. [37] After a partial sale of WMG was completed through an IPO on the NYSE in May 2005, Access continued as a significant shareholder[38] with a 2 percent stake prior to 2011. All … [1] The group invests in the United States, Europe,[3] Israel,[4] and Latin America. [1] Ice,[30] an internet and telecommunications company in Scandinavia,[31] is primarily owned by Access Industries. Access's industrial focus is in four areas: natural resources and chemicals, media and telecommunications,[1] venture capital[2] and real estate. Mitch McConnell was the top recipient of Blavatnik's donations, collecting $2.5 million for his GOP Senate Leadership Fund under the names of two of Blavatnik's holding companies, Access Industries and AI Altep Holdings, according to Federal Election Commission documents and OpenSecrets.org. Todd Boulanger – President Trump granted a full pardon to Todd Boulanger. Former Speaker of the House Newt Gingrich strongly supports this pardon. Got an opinion about this issue? [8] In 2006, Access Industries took an estimated 70% stake in Top Up TV, a pay TV service in the United Kingdom[9] which sold its subscriber business to Sky in 2013. "[2] As of 2017 it had investments in companies including Snapchat, Square, Yelp, Alibaba, Rocket Internet,[2] Deezer,[48] Gett,[49] Spotify,[2][45] Zalando, and DigitalOcean. Len Blavatnik, considered to be one of the richest men in Great Britain, holds dual citizenship in the U.S. and the U.K. [51], Access owns a portfolio of hotels and other commercial and residential properties in the United States, Europe, South America, and the Caribbean, including:[1][52], In 2015, Access Industries donated $1.8 million to Super PACs supporting Republican presidential candidates Scott Walker and Lindsey Graham. Kushner's failure to report the meeting with Gorkov has drawn the attention of the Senate intelligence committee that now wants to question Kushner about the meeting. Among its early investments, Access Industries helped form the large aluminum producer SUAL in 1996, which later became part of UC RUSAL. [2], As of 2016, Access Industries continued to have stakes in companies such as UC Rusal, LyondellBasell, Rocket Internet, Warner Music Group, and Zalando. GOP campaigns took $7.35 million from oligarch linked to Russia, One down, one to go: Another winter storm could dump 5 more inches of snow on Dallas-Fort Worth, How long will my power be out? [29] Also since 2013, Access has owned a significant interest in EP Energy, a North American oil and natural gas producer with a portfolio of fields in the United States and Brazil. [7] As of 2017, Access owned approximately 18% of LyondellBasell. In January, Quartz reported that Blavatnik donated another $1 million to Trump's Inaugural Committee. [7][21] The resulting company, LyondellBasell Industries,[7] was impacted by the 2008 financial crisis,[7][26] and in 2009 the US operations of LyondellBasell Industries filed for bankruptcy. [4][23] Among CII's main investments are Nesher Israel Cement Enterprises, Hadera Paper, Golf & Co., Clal Biotechnology,[23] and the logistics group Taavura. [28], Since 2013, Access Industries has owned Clal Industries Ltd. (CII), an Israeli industrial investment group. This pardon is supported by Len Blavatnik, Geoff Palmer, Tom Barrack, Sean Parker, Walid Abu-Zalaf, Medo Alsaloussi, and Kevin Downing. Blavatnik and Vekselberg hold their 15.8 percent joint stake in RUSAL in the name of Sual Partners, their offshore company in the Bahamas. Marco Rubio's Conservative Solutions PAC and his Florida First Project received $1.5 million through Blavatnik's two holding companies. ... Len Blavatnik. While Faena was founded in 2000 by Len Blavatnik and Alan Faena. They rely heavily on long-term relationships and family ties. Rybolovlev is known as "Russia's Fertilizer King" and has been in the spotlight for several months as the purchaser of Trump's 60,000 square-foot mansion in Palm Beach. The convoluted web that links Putin's oligarchs to Trump's political associates and top Republicans is difficult to take in. Other high dollar recipients of funding from Blavatnik were PACS representing Wisconsin Governor Scott Walker at $1.1 million, South Carolina Senator Lindsey Graham at $800,000, Ohio Governor John Kasich at $250,000 and Arizona Senator John McCain at $200,000. [18] They took a 25% stake in Bad Wolf international TV firm, and have a financing venture for drama programming with BBC Worldwide/Lookout Point and a development slate deal with House Productions. Blavatnik's relationships with Russian oligarchs close to Putin, particularly Oleg Deripaska, should be worrisome for Trump and the six GOP leaders who took Blavatnik's money during the 2016 presidential campaign. [7][26] Access Industries repurchased a large stake in the company in 2013. The … Faculty, alumni and international human rights activists claimed the university was selling its reputation and prestige to Putin's associates. "According to the Associated Press, starting in 2006, Deripaska made annual payments of $10 million to Paul Manafort through the Bank of Cyprus to advance Putin's global agenda. [43] Perform Group owns the sports website Sporting News[44] and launched the sports streaming video service DAZN in 2016. Vekselberg also happens to be the largest shareholder in the Bank of Cyprus. While there have been tensions between Putin and Deripaska over the years, the Kremlin came to Deripaska's rescue in 2009 when he was on the verge of bankruptcy by providing a $4.5 billion emergency loan through state-owned Vnesheconombank (VEB), where Putin is chair of the advisory board. [5] RUSAL raised $2.24 billion in a 2010 IPO on the Hong Kong Stock Exchange,[25] and as of 2017 it was the world's largest aluminum producer. Oleg Deripaska is the founder and majority owner of RUSAL, the world's second largest aluminum company, based in Russia. Critic Reviews for David Byrne's American Utopia. He was born in Urkraine during the Soviet era. During the 2015-2016 election season, Ukrainian-born billionaire Leonard "Len" Blavatnik contributed $6.35 million to leading Republican candidates and incumbent senators. [11] Acision was acquired by Comverse, Inc. in 2015. Donald Trump and the political action committees for Mitch McConnell, Marco Rubio, Scott Walker, Lindsey Graham, John Kasich and John McCain accepted $7.35 million in contributions from a Ukrainian-born oligarch who is the business partner of two of Russian president Vladimir Putin's favorite oligarchs and a Russian government bank. [22], Access Industries has a number of portfolio companies in the media and telecommunications industries. [57], third-largest chemical company based on net sales, "Battle for TNK-BP turns into all-out war", "How One Billionaire's Bet On LyondellBasell Turned Into The Greatest Deal In Wall St. History", "Property and industrial mogul Len Blavatnik puts his money in music", "Access Industries Completes Acquisition of Warner Music Group", by Ed Christman, "Deal Values Warner Music at $3.3 Billion", "Million-Dollar Donors in the 2016 Presidential Race", "Former BBC TV Boss Danny Cohen Joins Len Blavatnik to Launch Access Entertainment", "Len Blavatnik's Access Acquires RatPac Entertainment Stake", "Rusal is first Russian company to list on Hong Kong exchange", "LyondellBasell May Seek Chapter 11 Bankruptcy Protection", "Amedia, Russia's Largest Privately Owned TV Studio, Reportedly Seeks Buyer", "HBO, Russia's Amedia Strike Exclusive Deal", "Warner Music Group being sold for $1.3 billion to Access Industries amid industry decline", "Perform Group to de-list as Access Industries takes over", "Pearlfisher Rebrands Access Entertainment - Logo Designer", "The Dream of Creating Another Buenos Aires", "Grand-Hôtel Du Cap-Ferrat On Mediterranean Coastline To Become Four Seasons Property", Economic history of the Russian Federation, The Oligarchs: Wealth and Power in the New Russia, https://en.wikipedia.org/w/index.php?title=Access_Industries&oldid=1002263053, Conglomerate companies of the United States, Entertainment companies of the United States, Mass media companies of the United States, Privately held companies based in New York City, Real estate companies of the United States, Conglomerate companies established in 1986, Wikipedia pages semi-protected from banned users, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License, This page was last edited on 23 January 2021, at 16:23. All rights reserved. Len Blavatnik's co-owner in RUSAL is his long-time business partner, Viktor Vekselberg, another Russian oligarch with close ties to Putin. Deripaska has been closely connected to the Kremlin since he married into Boris Yeltsin's family in 2001, which literally includes him in the Russian clan known as "The Family. [5], Access purchased a large stake in the fashion label Tory Burch in 2004. [5] In April 2017, Access Entertainment purchased a stake in RatPac Entertainment. [15], Access Industries has made a variety of contributions to political candidates in local, state and national elections in the United States. Trump and Putin have a common approach to governance. Perhaps it's because they have their own links to the Russian oligarchy that they would prefer go unnoticed. Editor's note: Ruth May wrote this column in August 2017. As for the debut collaboration, it is going to land in Dubai. Len Blavatnik owns a significant stake in RUSAL and served on its Board until November 10, 2016, two days after Donald Trump was elected. [26] With financing in part from Access Industries,[5][27] in 2010[27] LyondellBasell emerged from Chapter 11 bankruptcy protection in a significantly improved financial position. [5] Half of TNK was sold to British Petroleum (BP) to form TNK-BP in 2003,[3] in what was the largest-ever foreign investment in a Russian company. VEB, known as President Putin's "pet bank," is now in crisis after sanctions applied by Europe and U.S. in 2014 have isolated it from the international banks that were the sources of its nearly $4 billion in hard currency loans that, according to Bloomberg, mature this year and in 2018. The group invests … By signing up you agree to our privacy policy, Stand with us in our mission to discover and uncover the story of North Texas. VTB was exposed in the Panama papers in 2016for facilitating the flow of billions of dollars to offshore companies linked to Vladimir Putin and is under sanctions by the U.S. government. [16][17] In May 2015, Access Industries launched Access Entertainment, a division headed up by former BBC Television boss Danny Cohen which specialises in investing in the entertainment media sector. It was founded in 1986 by businessman Leonard "Len" Blavatnik, who is also its chairman.Access's industrial focus is in four areas: natural resources and chemicals, media and telecommunications, venture capital and real estate. Russia's international currency reserves are near a 10-year low, which has put further pressure on the president of VEB, Sergey Gorkov, to find sources of international rescue capital. Party loyalty is often cited as the reason that GOP leaders have not been more outspoken in their criticism of President Donald Trump and his refusal to condemn Russia's interference in the 2016 presidential election. Len Blavatnik is an American businessman with an estimated net worth of $25.3 billion in July 2019. Access Industries, Inc. is an American privately held multinational industrial group. Len Blavatnik net worth: Len Blavatnik is a Ukrainian-American businessman who has a net worth of $32 billion. Mr. Zangrillo was charged in connection with the Varsity Blues investigation. [23] Access helped form the large aluminum producer SUAL 1996 with a combination of mergers and acquisitions. [13] On July 20, 2011,[14] Access acquired Warner Music Group[8] for US$3.3 billion. Predators at request of Dallas Mayor Eric Johnson amid power outage concerns, Walmart closes 415 stores, Amazon shuts down delivery stations as businesses confront tough weather, Dallas homeless shelter loses power, and some being housed in hotel forced to move, Icy weather freezes travel again with most flights canceled at DFW Airport, Dallas Love Field, Frozen wind turbines, soaring spot electricity prices: How the Artic freeze is roiling Texas’ energy market. [12] As of 2010, Access retained ownership in companies such as Icon Film Distribution UK,[9] Perform Group, Top Up TV, Amedia, RGE Group, and Warner Music Group (WMG). Deripaska controls RUSAL with a 48 percent majority stake through his holding company, EN+ Group, and the Russian government owns 4.35 percent stake of EN+ Group through its second-largest state owned bank, VTB. [36], Access invested in Warner Music Group (WMG) in 2004 with various co-investors. [19], Among Access Industries' current holdings are businesses[1] in oil,[20] petrochemicals,[21] power generation,[22] aluminum[5] and biotechnology. [45] As of 2019, Access held over 85% of the group. [20] On August 18, 2017, Access Industries and a consortium of investors agreed to acquire the energy company Calpine Corporation for $5.6 billion. Editorial and commentary from op-ed columnists, the editorial board and contributing writers from The Dallas Morning News, delivered three days a week. Ironically, the shared address of Blavatnik's companies is directly across the street from Trump Tower on 5th Avenue in New York. [39], Access Industries owns AI Film[8][13] in London, a film finance and executive production company established in 2013. [39] Access acquired WMG[8] for US$3.3 billion,[15] including $320 million in cash and the assumption of $2 billion of WMG debt. [9] Also that year, Access became an owner in Acision, a software company focused on messaging systems. Blavatnik is married to Emily Appelson Blavatnik. He attended Harvard Business School while running the company on the side,[3] graduating with an MBA in 1989. Yet. [50] Access Industries formed First Access Entertainment in October 2015, which focuses on talent development and representation in music, entertainment, and fashion. CORRECTION, 12:11 p.m., August 7: The headline on an earlier version of this column incorrectly said Blavatnik is Russian. [33] Access Industries also owns a majority[34] stake in Amedia, a large Russian film and TV studio[35] known for shows such as Poor Nastya. [44], In May 2015, Access Entertainment was established with the hiring of its president, Danny Cohen, BBC's former director of television. Forbes ranks Blavatnik as the 59th richest in the world as of November 2019. Others include Gopi and Sri Hinduja, Sir Len Blavatnik and David and Simon Reuben, all of whom list the majority of their business interests overseas. [1], Len Blavatnik founded Access Industries in 1986 as an investment company. Notably, it was Gorkov who met secretly with Jared Kushner in December at Trump Tower. According to the White House, Robert “Bob” Zangrillo was granted a full pardon over his charges “in connection with the Varsity Blues investigation.” The bout of clemency was allegedly supported by Len Blavatnik, Geoff Palmer, Tom Barrack, Sean Parker, Walid Abu-Zalaf, Medo Alsaloussi, and Kevin Downing. Access Industries, Inc. is an American privately held multinational industrial group. Send a letter to the editor, and you just might get published. Mr. Cunningham, a former California Congressman, was sentenced to over 8 years’ imprisonment for accepting bribes while he held public office. This pardon is supported by Len Blavatnik, Geoff Palmer, Tom Barrack, Sean Parker, Walid Abu … [6] In 2013 Rosneft acquired TNK-BP for $55 billion,[7] with Access Industries selling its stake and Blavatnik collecting US$7 billion for his share of the oil venture. [32] In Israel Access owns a third of RGE Group Ltd., a privately held media group[33] with assets including Channel 10,[4] Noga Communications and the Sports Channel. のレン・ブラヴァトニック（Len Blavatnik）氏により、1986年に設立されました。詳細については、www.accessindustries.comをご覧ください。 会社情報 DAZN Limited (DAZNとして事 … Copyright © 2021 The Dallas Morning News. Lucky for them no one has noticed. [5], In 2005 Access acquired Basell Polyolefins, a Dutch company[21] specializing in polyolefins. From The White House. They inherited the fashion house from their grandfather Pierre Wertheimer, who co-founded the fashion house with Coco Chanel in the 1920s. [5] In 2007 SUAL merged with RUSAL and the alumina business of Glencore International AG[24] to form UC RUSAL. In August 2017, Access Technology Ventures lead a $300 million round of funding for the smartphone maker Essential Products, investing $100 million in the company. With a value of $15 billion,[7] it was subsequently ranked as the world's third-largest chemical company based on net sales. Yet there may be another reason that top Republicans have not been more vocal in their condemnation. Amedia earned exclusive rights to premiere HBO content in Russia in July 2017. This pardon is supported by Len Blavatnik, Geoff Palmer, Tom Barrack, Sean Parker, Walid Abu-Zalaf, Medo Alsaloussi, and Kevin Downing. {"type":"video","title":"Dallas News Video","author_name":"Dallas News","_id":"s4cm82YzE6mt0Fe7KB9KkMG14HaXe2g9","provider_name":"Ooyala","html":", ","raw":"{\"type\":\"video\",\"title\":\"Dallas News Video\",\"author_name\":\"Dallas News\",\"_id\":\"s4cm82YzE6mt0Fe7KB9KkMG14HaXe2g9\",\"provider_name\":\"Ooyala\",\"html\":\"\\u003Cdiv class=\\\"oo-vid-container\\\" data-oo-content-id=\\\"s4cm82YzE6mt0Fe7KB9KkMG14HaXe2g9\\\"\\u003E\\u003C\\/div\\u003E\\u003Cscript defer src=\\\"https:\\/\\/www.dallasnews.com\\/resources\\/motif\\/dist\\/js\\/ooyala.js\\\"\\u003E\\u003C\\/script\\u003E\"}","providerType":"ooyala","providerLink":"https://www.dallasnews.com/oembed","embedType":"video"}. Robert “Bob” Zangrillo – President Trump granted a full pardon to Robert Zangrillo. Click here for an extensive update. Rybolovlev bought the estate for $54 million more than Trump paid for the property at the bottom of the crash in the U.S. real estate market. Here’s why, ERCOT restoring power to half a million Texans, but widespread outages continue, Extra food, booties and fresh water: How to keep pets warm during extreme cold, Watch what happened when a dog fell through the ice into a pool in Southlake, Stars postpone game vs. [7] On December 20, 2007, Basell acquired the commodity chemicals company Lyondell[21] for approximately $20 billion. Another oligarch with close ties to Putin, Dmitry Rybolovlev, owns a 3.3 percent stake in the Bank of Cyprus. In 2010, Oxford University drew intense criticism for accepting a donation of 75 million pounds from Blavatnik for a new school of government bearing his name. He is known for his business savvy and generous philanthropy, but not without controversy. Len Blavatnik Executive Producer ... David Byrne’s American Utopia, and S#!%house. In April 2017, Access Entertainment purchased James Packer's ownership share of RatPac Entertainment, which includes the joint venture, RatPac-Dune Entertainment. View All. [3] It is headquartered in New York, with additional offices in London and Moscow. [10] In 2007, Access Industries purchased a majority stake in the sports media company Perform Group. [47], In 2015 Access Industries launched Access Technology Ventures, a venture and growth technology investment arm focused on pre-IPO "unicorns. She wrote this column for The Dallas Morning News. [46], In 2018, Pearlfisher has created the new identity for Access Entertainment. [40] Since November 2014, Access Industries has owned a majority stake in DAZN Group Limited, a sports media company[41] which Access formed in 2007[42] by merging Inform and Premium TV. The column has also been updated to remove language describing the online presentation of a press release about Blavatnik resigning from the RUSAL board because it lacked context. He changed his first name to Leonard. In 1997, Access acquired a 40% stake in the Russian oil company TNK. Ruth May is a business professor at the University of Dallas and an expert on the economies of Russia and Ukraine. Personal life. [18] After investing in Facebook before its IPO, Access exited its Facebook holdings in late 2015. President Donald J. Trump granted pardons to 73 individuals and commuted the sentences of an additional 70 individuals.
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