len blavatnik with chris martin

Last month, Business Insider published a list of the richest people on earth. Ukraine-born American investor Leonard Blavatnik came in at No. 42 with a net worth of $16.7 billion.

The self-made billionaire’s wealth has ballooned in recent years thanks to his privately held industrial group, Access Industries, which has major global investments in chemicals, real estate, and entertainment. 

Blavatnik is perhaps best known for his legendary investment in chemical company LyondellBasell, but since buying Warner Music Group in 2011, he’s become a force in Hollywood, too.

Here’s a look at how Blavatnik became one of the world’s most vaunted dealmakers. 

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AND: The 25 richest self-made billionaires

Blavatnik attended Moscow University of Railway Engineering until his family immigrated to the US in 1978 — he gained citizenship in 1984.

Source: Wealth-X

He went on to earn his masters degree in computer science at Columbia University and his MBA at Harvard Business School. He has remained loyal to his alma mater, donating $50 million to Harvard in 2013 to sponsor life sciences entrepreneurship.

Source: Wealth-X

 

In 1986, Blavatnik founded Access Industries, a privately held industrial company. Initially, AI was involved in Russian investments but has since diversified its portfolio. AI now invests natural resources and chemicals, media and telecommunications, technology and e-commerce, and real estate.

Source: Wealth-X

See the rest of the story at Business Insider