Leonard Blavatnik,
a Russia born American Citizen, businessman and best known for the founding
father of the Access Industries, which is spread to several sectors such as
Music, Telecommunication, Media and Real
Estate business, he’s also the CEO of Access Industries and
his workers calls him the king and he is the second wealthiest man in the
Britain, his points of interests are oil and Gas, Warner Music, Yacht
Development. Leonard Bought the Warner Music for $3.3 Billion in the time of
financial Crisis but now he becomes a king of the hidden planet of the investors.
This deal were so successful because it added like $1.7bn to his private value,
which makes him valued around $18.7bn, one of the best deal ever. This deal was
born in Ukraine in 2005, when he realized that he could made billions in the
chemical industry and so he bought the Basell for $5bn, for which he borrowed
money and put his own $1.1 billion to the total Cash.
Independent says “It was a suicidally high
price. The King’s own courtiers had warned him the deal was crazy, but, as he
later told Forbes Magazine: “I was risking my money, not their money.” Within a
year, the financial crisis in full swing, it had become one of the worst
takeovers outside the banking industry. LyondellBasell filed for bankruptcy,
with Mr Blavatnik losing at least $1.2bn.”
People
like Richard
Branson have also be more inspired from his success and trying to follow
his steps and now as His success has also include his company called Lyondell
and after some time he sold it for a huge $20bn and this deal were totally
funded by the Banks, so that’s how piece by piece and inch by inch construction
of his wealth made him, what he is right now.
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