Len Blavatnik: Corporate Jew Scam over Russia

Started by CrackSmokeRepublican, January 04, 2013, 12:18:04 AM

Previous topic - Next topic

CrackSmokeRepublican

Len Blavatnik

(Russian: Леонид Валентинович Блаватник, Leonid Valentinovich Blavatnik) (born June 14, 1957 in Moscow, Russia) is a Russian-American businessman, currently living in London, with a home on Kensington Palace Gardens. He has made his fortune through diversified investments, through Access Industries, in Russia, Europe, North and South America.

QuoteOrigins

Born in the Soviet Union, he attended University in Moscow. He emigrated with his Jewish family from Russia to the U.S. in 1978, and received a masters in computer science from Columbia University and an MBA degree from Harvard Business School in 1989.[2] In the West, he is known as Len Blavatnik.[3]
Career

In 1986 he founded Access Industries, an international industrial group, of which he is Chairman and President. Access has long-term strategic holdings in Europe, North and South America. Initially, he moved into Russian investments, just after the fall of communism. With a friend from university, Viktor Vekselberg, they formed the Renova investment vehicle, and then the two joined with Mikhail Fridman's Alfa Group to form the AAR venture.[4] To date, Access has diversified its portfolio to include investments in industries such as oil, coal, aluminum, petrochemicals and plastics, telecommunications, media, and real estate.
QuoteAAR gained a controlling stake in Russian oil company TNK through privatisation auctions, then in 2003 sold 50% stake to British Petroleum to form TNK-BP, one of Russia's largest oil companies, where Blavatnik serves on the board of directors.

Blavatnik also has interests in UC Rusal, the world's largest aluminum producer, where he sits on the board.

On May 6, 2011, Warner Music Group announced its sale to Access for US$3.3 billion.[5] On July 20, 2011 an Access affiliate acquired Warner Music Group for $3.3 billion.

Mr Blavatnik is also a member of the Global Advisory Board of the Centre for International Business and Management at Cambridge University, a member of the board of Dean's Advisors at the Harvard Business School and a member of the academic board at Tel Aviv University.

Mr. Blavatnik, the Blavatnik Family Foundation and Access companies have supported many cultural and philanthropic institutions over the past 15 years, including serving as the primary benefactors for numerous, major art and cultural exhibitions, including the British Museum, Tate Modern, Royal Opera House, National Portrait Gallery and Museum of Modern Art.

Since 2007, the Blavatnik Family Foundation has supported the Blavatnik Awards for Young Scientists together with the New York Academy of Sciences. The annual award recognizes the accomplishments of outstanding young scientists in life sciences, physical sciences and engineering and provides all finalists with a significant cash prize.[6]

Access Industries bought petrochemicals and plastics manufacturer Basell Polyolefins from Royal Dutch Shell and BASF for $5.7 billion in August 2005.

On 20 December 2007, Basell completed its acquisition of the Lyondell Chemical Company for an enterprise value of approximately $19 billion. The resulting company, LyondellBasell Industries is the world's third largest chemical company based on net sales.

On January 6, 2009, the U.S. operations of LyondellBasell Industries filed for bankruptcy. On April 30, 2010, LyondellBasell emerged from Chapter 11 bankruptcy protection in a significantly improved financial position. 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.[7] LyondellBasell stock has increased 103% in value since April 2010. Access currently owns approximately 14% of LyondellBasell.

In early 2010, Access Industries was reported as one of the handful of bidders for Metro-Goldwyn-Mayer.[8]

In 2010 Blavatnik sued JPMorgan Chase after losing $100 million after following Morgan's advice to buy mortgage securities of AAA credit rating in 2007.[9] The lawsuit is ongoing.

Wealth

In the Sunday Times Rich List 2011, Blavatnik was listed as the sixth richest person in the UK with an estimated fortune of £6.2 billion.[10]

In Forbes' The World's Billionaire's List of 2011, Blavatnik was listed in 80th place with an estimated fortune of $11.9 billion.[11]

Philanthropy

QuoteBlavatnik sponsors a Colel Chabad 20,000-square-foot (1,900 m2) food bank and warehouse in Kiryat Malakhi, Israel, which sends monthly food shipments to 5,000 poor families in 25 Israeli cities, and before Jewish holidays to 30,000 families in 73 Israeli cities, towns and villages.[12]

In 2010, it was announced that Blavatnik and the Blavatnik Family Foundation would donate £75 million to the University of Oxford to establish a new School of Government.[13] The gift is one of the most generous philanthropic gifts in the University's 900-year history. Blavatnik has also indicated the possibility of increasing his benefaction up to £100 million over time. The Blavatnik School of Government will begin accepting students in September 2012. The new permanent home of the School will be constructed on the Radcliffe Observatory Quarter in Oxford. Architects of the buildings, which will be finished by summer 2015, are the Swiss architects Herzog & de Meuron. The first Dean of the School is professor Ngaire Woods.

 <$>

QuoteTNK Billionaires to Invest JV Sale Proceeds in Russia   <:^0

By Anatoly Temkin - Dec 26, 2012 12:13 PM CT

The TNK billionaires, who agreed to sell out of their oil venture with BP Plc (BP/) for $28 billion, said they plan to invest most of the proceeds in Russia after President Vladimir Putin said he "hoped" they would.  <$>

"Russia was and always will be the basic platform for investment" for the shareholders' separate business interests, according to a statement yesterday from Mikhail Fridman and German Khan's Alfa Group, Len Blavatnik's Access Industries and Viktor Vekselberg's Renova Group. "In Russia, in particular, they plan to invest most of the proceeds from selling their shares in TNK-BP."

BP and AAR, which represents the billionaires in the TNK-BP oil venture, are ending a contentious, almost decade-long partnership, each selling its half to OAO Rosneft. (ROSN) The largest deal in Russia ever is set to vault state-run Rosneft, headed by Putin's former deputy Igor Sechin, past PetroChina Co. to become the world's biggest publicly traded oil producer by volume.

Alfa, Access and Renova also said they "plan to increase their international presence as global players with a Russian registration."

'Civilized' Measures

Putin, who has backed an initiative to repatriate as much as $1 trillion, said last week that Russia should undertake "careful, civilized" measures to bring back capital from low- tax jurisdictions abroad.

While calling on the TNK billionaires to invest at home, Putin said they won't be forced.

"If we recognized the lawful, legitimate owners, if they earned their money legally, then it's their business where they invest," the president said during a televised news conference on Dec. 20. "I would very much like for them to invest the proceeds or a significant part in Russia's economy."

The AAR partners praised measures by Russia's leaders to attract investment in the country, according to their statement.

TNK-BP Holding (TNBP), the venture's traded unit, fell 1.1 percent today, extended losses from this year's peak in March to 48 percent and cutting its value to $27 billion. The unit, which holds most of the venture's Russian assets, slumped 4.8 percent from Dec. 20 to 21, the biggest two-day drop in two months.

BP is selling its 50 percent of TNK-BP for $17 billion and 12.8 percent of Rosneft, while pledging to buy $4.8 billion of Rosneft stock from the state. The AAR shareholders said they'll get $28 billion in cash when the deal closes next year. (BP is run by Rothschild aligned Jews... --CSR )

To contact the reporter on this story: Anatoly Temkin in St. Petersburg at http://www.bloomberg.com/news/2012-12-2 ... ussia.html
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan