Britain’s Tate museum group has officially named the recently opened extension of Tate Modern after Len Blavatnik, the billionaire industrialist whose Access Industries has branched out into music, film and television.The new Blavatnik Building has been named in recognition of the donation from Blavatnik's family foundation, which pledged a reported £50 million ($65 million) gift to the Tate in 2011. Blavatnik said the Tate provided an “incomparable service to the arts, culture and education throughout the world,” and that his...
Access Industries
Len
Blavatnik
Founder / Chairman
The Soviet-born Blavatnik is the wealthiest person in Britain, with an estimated net worth of $39.9 billion built on his company Access Industries’ diversified investments in everything from petrochemicals and plastics to media and telecommunications. In 2011, he became a major force in the music world with Access’ $3.3 billion purchase of Warner Music Group (WMG) and music publishing powerhouse Warner Chappell Music. In June 2020, he took WMG public with an IPO that raised close to $2 billion. WMG made headlines again in June 2021, when it signed artist-producer DJ David Guetta to a $100 million deal. Blavatnik is also majority owner of the British sports media company DAZN Group and producer of the Oscar-winning films “I, Tonya” and “Hacksaw Ridge.”