He is very careful to protect the privacy of his family. This exchange highlights the difficulty posed by Blavatnik, who Forbes ranked in March as the 59th richest person in the world and who claims to have dispensed more than $700 million to more than 250 nonprofit institutions over the last decade. [3][4] On July 25, 2020, American business magazine, Forbes listed Blavatnik as the 45th wealthiest person in the world, with an estimated net worth of US$25.9 billion. Apart from being a business tycoon, Blavatnik strongly believes in giving back to the needy. Last year, Charles Davidson, stepped down as head of the Kleptocracy Initiative, a Hudson effort to study how corruption and illicit financial flows threaten US democracy, saying he made that decision after learning that the think tank had accepted $25,000 from Blavatnik.

[38], Blavatnik and his American wife, Emily, also donated to Democratic Party candidates Kamala Harris, Chuck Schumer, and Hillary Clinton. Terms of Service apply. Other signatories include Michael Carpenter, a former deputy assistant for defense with responsibility for Russia and Ukraine, David Kramer, former assistant secretary of state for democracy, Daria Kaleniuk, a prominent anti-corruption activist in Ukraine, and Garry Kasparov, the former chess champion and Russian opposition activist. Harvard Medical School houses 11 basic and social science departments in the Blavatnik Institute, the result of a $200 million dollar gift last year.

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. The Blavatnik School of Government began accepting students in September 2012, and the new permanent home of the school was constructed on the Radcliffe Observatory Quarter.

[36] In February 2016, Blavatnik donated over $1 million to an anti-Donald Trump GOP group. Both Vekselberg and Derispaska have been sanctioned by the Treasury Department for using their assets to advance Russian foreign policy interests, including interference in the 2016 election. Blavatnik’s businesses have been faulted for questionable practices. The Blavatnik Family Foundation actively funds and supports young scientists of America, recognizing their efforts in the field of scientific research in physical, life sciences and engineering. The first dean of the school is professor Ngaire Woods. [13] LyondellBasell stock has increased 103% in value since April 2010. That’s a pretty American issue. Holmes. The building, which was finished in summer 2015, was designed by the Swiss architects Herzog & de Meuron. His family emigrated from the Soviet Union to the United States of America in 1978, and he received a master's degree in computer science from Columbia University and an MBA from Harvard Business School in 1989. He is also the Executive Vice President and Vice Chairman of Access Industries, along with being a director of WMG Acquisition Corp. His donations are a matter of public record and comply with all legal requirements. [5] In 2017, Blavatnik received a knighthood for services to philanthropy. Inexpensive, too! In 2013, Harvard University announced a $50 million donation from Blavatnik's foundation to sponsor life sciences entrepreneurship at the university[32] and named the first five HBS graduates to receive the Blavatnik Fellowship in Life Science Entrepreneurship.



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