Perhaps it's because they have their own links to the Russian oligarchy that they would prefer go unnoticed. [20] On August 18, 2017, Access Industries and a consortium of investors agreed to acquire the energy company Calpine Corporation for $5.6 billion. She wrote this column for The Dallas Morning News. [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. From The White House. They rely heavily on long-term relationships and family ties. [39], Access Industries owns AI Film[8][13] in London, a film finance and executive production company established in 2013. [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. [36], Access invested in Warner Music Group (WMG) in 2004 with various co-investors. CORRECTION, 12:11 p.m., August 7: The headline on an earlier version of this column incorrectly said Blavatnik is Russian. [3] It is headquartered in New York, with additional offices in London and Moscow. With a value of $15 billion,[7] it was subsequently ranked as the world's third-largest chemical company based on net sales. [47], In 2015 Access Industries launched Access Technology Ventures, a venture and growth technology investment arm focused on pre-IPO "unicorns. "[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. 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. He is known for his business savvy and generous philanthropy, but not without controversy. Twitter: @ruthcmay. Blavatnik is married to Emily Appelson Blavatnik. [1] Ice,[30] an internet and telecommunications company in Scandinavia,[31] is primarily owned by Access Industries. 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. [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. Access's industrial focus is in four areas: natural resources and chemicals, media and telecommunications,[1] venture capital[2] and real estate. Len Blavatnik Executive Producer ... David Byrne’s American Utopia, and S#!%house. The … [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. Mr. Cunningham, a former California Congressman, was sentenced to over 8 years’ imprisonment for accepting bribes while he held public office. While Faena was founded in 2000 by Len Blavatnik and Alan Faena. Lucky for them no one has noticed. The convoluted web that links Putin's oligarchs to Trump's political associates and top Republicans is difficult to take in. 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. 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. Len Blavatnik's co-owner in RUSAL is his long-time business partner, Viktor Vekselberg, another Russian oligarch with close ties to Putin. Mr. Boulanger’s pardon is supported by numerous friends, as well as by past and … This pardon is supported by Len Blavatnik, Geoff Palmer, Tom Barrack, Sean Parker, Walid Abu-Zalaf, Medo Alsaloussi, and Kevin Downing. 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 … [2], As of 2016, Access Industries continued to have stakes in companies such as UC Rusal, LyondellBasell, Rocket Internet, Warner Music Group, and Zalando. Personal life. President Donald J. Trump granted pardons to 73 individuals and commuted the sentences of an additional 70 individuals. 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. 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. Yet there may be another reason that top Republicans have not been more vocal in their condemnation. [45] As of 2019, Access held over 85% of the group. In 1997, Access acquired a 40% stake in the Russian oil company TNK. [23] Access helped form the large aluminum producer SUAL 1996 with a combination of mergers and acquisitions. All rights reserved. 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? 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. View All. 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. 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. Oleg Deripaska is the founder and majority owner of RUSAL, the world's second largest aluminum company, based in Russia. [19], Among Access Industries' current holdings are businesses[1] in oil,[20] petrochemicals,[21] power generation,[22] aluminum[5] and biotechnology. Send a letter to the editor, and you just might get published. ... Len Blavatnik. This pardon is supported by Len Blavatnik, Geoff Palmer, Tom Barrack, Sean Parker, Walid Abu-Zalaf, Medo Alsaloussi, and Kevin Downing. Editor's note: Ruth May wrote this column in August 2017. Vekselberg also happens to be the largest shareholder in the Bank of Cyprus. [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. Ruth May is a business professor at the University of Dallas and an expert on the economies of Russia and Ukraine. Access Industries, Inc. is an American privately held multinational industrial group. Marco Rubio's Conservative Solutions PAC and his Florida First Project received $1.5 million through Blavatnik's two holding companies. Click here for an extensive update. 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. Former Speaker of the House Newt Gingrich strongly supports this pardon. Copyright © 2021 The Dallas Morning News. In January, Quartz reported that Blavatnik donated another $1 million to Trump's Inaugural Committee. [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. [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. Got an opinion about this issue? They inherited the fashion house from their grandfather Pierre Wertheimer, who co-founded the fashion house with Coco Chanel in the 1920s. 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. [18] After investing in Facebook before its IPO, Access exited its Facebook holdings in late 2015. [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. [7][26] Access Industries repurchased a large stake in the company in 2013. He changed his first name to Leonard. [15], Access Industries has made a variety of contributions to political candidates in local, state and national elections in the United States. [11] Acision was acquired by Comverse, Inc. in 2015. 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. 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. Blavatnik and Vekselberg hold their 15.8 percent joint stake in RUSAL in the name of Sual Partners, their offshore company in the Bahamas. 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. [5] In April 2017, Access Entertainment purchased a stake in RatPac Entertainment. [5], Access purchased a large stake in the fashion label Tory Burch in 2004. 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. 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. Len Blavatnik net worth: Len Blavatnik is a Ukrainian-American businessman who has a net worth of $32 billion. [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. The group invests … 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. 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. [46], In 2018, Pearlfisher has created the new identity for Access Entertainment.
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