Sir Leonard Blavatnik

Sir Leonard Blavatnik’s Net Worth: Insights into Warner Music and Dazn Streamer

Last Updated on: 22nd November 2023, 11:32 am

Sir Leonard Blavatnik is a Ukrainian-born American-British businessman, investor, and philanthropist. He is the founder and chairman of Access Industries, a privately held industrial group with global interests in natural resources, chemicals, media, and telecommunications. Blavatnik has a net worth of £28.63 billion, according to the Sunday Times Rich List 2023, making him one of the wealthiest individuals in the UK.

One of Blavatnik’s most notable investments is in Warner Music Group, which he acquired for $3.3 billion in 2011 through Access Industries. The acquisition has proved to be a successful one, with Warner Music Group now trading publicly at a valuation of over $20 billion. Blavatnik’s interest in the music industry is not limited to Warner Music Group, as he also has investments in music streaming services such as Spotify and Deezer.

In addition to his interests in the music industry, Blavatnik has also made significant investments in the world of sports streaming. In 2016, Access Industries launched DAZN, a sports streaming service that has since expanded to over 200 countries worldwide. Blavatnik has recently agreed to a $4.3 billion recapitalization of DAZN, which will make the company debt-free as it seeks to target new revenue streams in the highly competitive sports streaming market.

Sir Leonard Blavatnik: Background and Net Worth

Sir Leonard Blavatnik is a Ukrainian-born British-American businessman and philanthropist. He is the founder of Access Industries, a privately-held industrial group with investments in various sectors, including natural resources, chemicals, media, and telecommunications.

Blavatnik made his fortune in the 1990s by investing in the privatization of state assets in Russia. He later expanded his business empire to other parts of the world, including the United States, Europe, and Asia.

As of September 2023, Sir Leonard Blavatnik has an estimated net worth of $35.4 billion, according to Forbes. This makes him one of the richest people in the world, ranking between the 20th- and 33rd-richest person globally.

Blavatnik’s wealth has been recognized by various publications, including the Sunday Times Rich List, which ranked him as the second-richest person in the UK in 2021, with a fortune of £23 billion. The list also noted that his wealth had increased by £7.2 billion during the pandemic, thanks to the success of his media and streaming businesses, including Warner Music and Dazn.

Blavatnik’s philanthropic activities have also been widely recognized. In 2017, he was awarded a knighthood for his services to philanthropy. He has donated millions of dollars to various causes, including education, scientific research, and the arts.

Overall, Sir Leonard Blavatnik’s background and net worth demonstrate his success as a businessman and his commitment to using his wealth for philanthropic endeavors.

Warner Music and Access Industries

Sir Leonard Blavatnik’s Access Industries bought Warner Music in 2011 for $3.3 billion. Warner Music is a record label and music company that has been around since the 1950s. It is one of the “big three” record labels along with Sony Music and Universal Music Group. Warner Music has a large catalog of artists and music, including popular acts like Bruno Mars and Ed Sheeran.

Access Industries is an investment company that has holdings in various industries, including oil and aluminium firms. The company’s purchase of Warner Music was seen as a strategic investment in the media and entertainment industry. Access Industries has continued to invest in Warner Music, with recent stock sales to Morgan Stanley in January 2022.

Blavatnik’s ownership of Warner Music has contributed to his immense wealth, with Forbes listing him as the richest man in the UK in May 2021. Access Industries’ investment in Warner Music has also allowed the company to expand its reach and influence in the music industry.

In addition to Warner Music, Access Industries has also invested in the sports streaming service Dazn. Dazn aims to be the “Netflix of sport” by offering live sports streaming to subscribers. Access Industries’ investment in Dazn is seen as a strategic move to expand the company’s reach in the media and entertainment industry beyond music.

Overall, Access Industries’ ownership of Warner Music and investment in Dazn demonstrate the company’s interest in the media and entertainment industry and its commitment to strategic investments in these areas.

Blavatnik and the Streaming Industry

Sir Leonard Blavatnik has made a name for himself as a savvy investor and businessman, with interests in a variety of industries. One of his most successful ventures has been in the streaming industry, where he has made significant investments in DAZN, a sports streaming service often referred to as the “Netflix of sport.”

Blavatnik’s investment in DAZN has been a key part of the company’s growth and success, as it has rapidly expanded its subscriber base and become a major player in the sports streaming market. As of 2021, DAZN had over 8 million subscribers globally, with a focus on boxing, football, and other popular sports.

Blavatnik’s investment in DAZN has also helped to position the company as a major competitor to traditional sports broadcasters, such as Sky Sports and BT Sport. With its focus on live streaming and on-demand content, DAZN has been able to offer a more flexible and affordable alternative to traditional sports broadcasting.

At the same time, Blavatnik’s investment in DAZN has also helped to drive innovation in the sports streaming industry, as the company has invested heavily in new technologies and features to enhance the user experience. This has included the development of new camera angles, interactive features, and other tools to help fans engage with their favourite sports in new and exciting ways.

Overall, Blavatnik’s investment in DAZN has been a major success, helping to position the company as a major player in the sports streaming market and driving innovation and growth in the industry as a whole. With the continued growth of the streaming industry and the increasing demand for flexible and affordable sports content, DAZN is well-positioned to continue its success in the years to come.

DAZN: The ‘Netflix of Sport’

DAZN is a sports streaming platform that aims to be the ‘Netflix of Sport’. It is owned by billionaire investor Sir Leonard Blavatnik, who recently agreed to a $4.3bn recapitalisation of the platform to make it debt-free. The platform offers live and on-demand sports content, including boxing, combat sports, NFL, and football rights.

DAZN has been aggressively bidding for sports rights, including Premier League rights in the UK. However, it failed to acquire BT Sport, which was eventually acquired by rival streaming platform Amazon. In 2021, DAZN secured a boxing deal with Eddie Hearn’s Matchroom Boxing, which includes exclusive rights to 16 UK fights per year.

The platform operates on a subscription-based model, with a monthly fee that varies depending on the country. It is available in several countries, including the UK, the US, Japan, and Canada.

Kevin Mayer, former chief executive of TikTok, was appointed as chairman of DAZN in 2020. Under his leadership, the platform has been expanding its global reach and exploring new revenue streams. In 2021, DAZN launched a free-to-air channel in Italy, which offers a selection of live sports events.

Despite its ambitious plans, DAZN is still a loss-making company. However, the recent recapitalisation deal with Sir Leonard Blavatnik is expected to provide the platform with the financial stability it needs to continue its expansion plans. According to the Financial Times, the platform is targeting new revenue streams, including advertising and sponsorship deals, to achieve profitability in the future.

Investments and Shareholdings

Sir Leonard Blavatnik is known for his extensive investments in various industries, including media, entertainment, and sports. He is the majority owner of Warner Music Group, a record label and entertainment conglomerate, which he acquired for $3.3 billion in 2011, investing $1.2 billion in cash. As of 2021, Warner Music Group has a market capitalisation of $21.9 billion, and Blavatnik’s stake in the company is worth over $10 billion.

Apart from Warner Music Group, Blavatnik also has significant investments in other media companies, including DAZN, a global sports streaming service. In 2018, Blavatnik’s Access Industries invested $1 billion in DAZN, which is now valued at over $10 billion. DAZN has exclusive rights to stream major sporting events, including the UEFA Champions League, Premier League, and NFL.

Blavatnik’s investment portfolio also includes holdings in several technology and communication companies, such as BT, Sky, Netflix, Amazon, and Disney. He has a stake in BT, one of the largest telecommunications companies in the UK, and Sky, a leading media and entertainment company. Blavatnik also has investments in Netflix, Amazon, and Disney, three of the world’s largest streaming services.

In 2020, Warner Music Group had its initial public offering (IPO) on the NASDAQ, which valued the company at $12.8 billion. Access Industries (and affiliates) held hundreds of millions of shares representing 90% of company stock, with Blavatnik personally retaining over 99% of total voting power. Following the IPO, Blavatnik sold $351 million in Warner Music stock to Morgan Stanley.

Despite the economic challenges posed by the pandemic, Blavatnik’s investments and shareholdings have continued to grow, and he was named Britain’s richest man in 2021, with a net worth of £23 billion.

Challenges and Losses

Sir Leonard Blavatnik’s business ventures have not been without challenges and losses. One of the most significant challenges he has faced in recent years is the COVID-19 pandemic, which has affected many of his investments.

One of Blavatnik’s most high-profile investments is Warner Music, which he acquired for $3.3bn in 2011. The music industry has been hit hard by the pandemic, with live music events cancelled and music sales declining. Warner Music has also faced challenges, reporting a net loss of $519m in 2020, compared to a net income of $258m in 2019.

Blavatnik has also faced losses with his sports streaming service, DAZN. In 2022, he agreed to a $4.3bn recapitalization of the company, which has struggled to turn a profit since its launch in 2016. Despite significant investments in the platform, DAZN has yet to gain a foothold in the highly competitive sports streaming market.

In addition to these challenges, Blavatnik has also faced criticism for his business practices. In 2021, Access Industries, Blavatnik’s holding company, was accused of tax avoidance by the UK government. The company denied the allegations, but the controversy highlighted the challenges faced by Blavatnik in maintaining his reputation as a successful and ethical businessman.

Despite these challenges, Blavatnik remains one of the wealthiest individuals in the world, with a net worth of £23bn as of 2021. He continues to invest in a wide range of industries, including technology, media, and real estate, and is widely regarded as a shrewd and successful investor.

Global Reach and Expansion

Sir Leonard Blavatnik’s empire has a global reach, with his ventures spanning across various industries and continents. His media conglomerate, Warner Music Group, has a strong presence in the music industry, with subsidiaries and labels in over 70 countries worldwide. In addition to his music ventures, Blavatnik also has interests in the sports industry through his streaming service, DAZN.

DAZN, which is a joint venture between Blavatnik’s Access Industries and sports media company Perform Group, offers live and on-demand sports streaming services in several countries, including Italy. In 2018, DAZN made its debut in Italy, offering live coverage of Serie A, Italy’s top football league. Since then, the streaming service has expanded its offerings to include other sports such as basketball, tennis, and boxing.

Blavatnik’s global reach extends beyond the media and sports industries. Access Industries has investments in various sectors, including chemicals, real estate, and telecommunications. The company also has a strong presence in London, where it is headquartered. Access Industries has invested heavily in London’s property market, with high-profile acquisitions such as the iconic Warner Bros. Studios Leavesden.

Despite the challenges posed by the COVID-19 pandemic, Blavatnik’s businesses have continued to grow. In 2020, Warner Music Group’s revenue grew by 4.4%, driven by the success of its digital platforms. Similarly, DAZN’s subscriber base grew by 50% in 2020, with the streaming service expanding to new markets such as Spain and Brazil.

Blavatnik’s global reach and expansion have made him one of the most influential figures in the business world. With a portfolio of diverse and successful ventures, Blavatnik’s Access Industries is poised for continued growth and success in the years to come.

Leadership and Key Figures

Sir Leonard Blavatnik is the founder and chairman of Access Industries. He is a British-Ukrainian business magnate and philanthropist with a net worth of $35.4 billion, making him one of the richest people in the world. Blavatnik is known for his investments in various industries, including media, entertainment, and sports.

One of the key figures in Blavatnik’s business portfolio is Kevin Mayer, the CEO of DAZN. Mayer is a former executive at Disney and was responsible for launching Disney+ streaming service. He joined DAZN in 2020 and has been leading the company’s expansion into new markets, including the United States.

Another important figure in the Access Industries portfolio is Shay Segev, the former CEO of Entain. Segev joined DAZN as CEO in January 2021 and has been responsible for driving the company’s growth strategy. He has extensive experience in the gaming and sports betting industries, having previously worked at Playtech and Gala Coral.

Eddie Hearn is another key figure in the Access Industries portfolio. He is the founder of Matchroom Sport, a leading sports promotion company that has promoted some of the biggest boxing events in recent years. Hearn joined DAZN in 2018 as part of a partnership between Matchroom Sport and the streaming service. He has been instrumental in securing major boxing events for DAZN, including the Anthony Joshua vs. Andy Ruiz Jr. rematch.

Blavatnik himself is known for his leadership style, which is characterised by a focus on innovation and a willingness to take risks. He has been praised for his ability to identify promising investment opportunities and for his strategic vision. Under his leadership, Access Industries has become a major player in the media and entertainment industries, with investments in companies such as Warner Music Group and Deezer.

Philanthropy and Other Ventures

Sir Leonard Blavatnik is not only known for his business ventures but also for his philanthropic activities. He has given or pledged over $1 billion to philanthropy, mostly to universities, including Oxford, Stanford, and Harvard [^1]. In 2017, Blavatnik received a knighthood for services to philanthropy [^2].

One of his notable philanthropic activities is the donation of £25 million to the Tate Modern museum in London, which allowed the museum to expand its exhibition space by 60% [^1]. Blavatnik’s gift last year – the largest given by an individual to the UK for a literary treasure – amounted to half of the £15m raised by a national libraries charity, which saved the collection [^3].

Blavatnik has also made other business ventures, including his acquisition of Warner Music Group for $3.3 billion in 2011 [^2]. He is currently the owner of Dazn, a sports streaming platform that aims to be the “Netflix of sport” [^4]. In February 2022, Blavatnik agreed to a $4.3 billion recapitalization of Dazn, doubling down on his loss-making sports entertainment company and preparing to woo new investors [^5].

Blavatnik’s success in both business and philanthropy has made him one of the richest people in the world, with Forbes listing his wealth at $35.4 billion as of March 2022 [^2].

Privacy and User Terms

Sir Leonard Blavatnik’s companies, including Warner Music and DAZN, take user privacy and security very seriously. When visiting their websites, users can expect a high level of protection and transparency.

Browser and Javascript Support

To ensure the best user experience, it is recommended that users have a modern web browser that supports Javascript. This will enable them to access all of the features of the website, including video and audio playback.


Like many websites, Warner Music and DAZN use cookies to improve the user experience. Cookies are small files that are stored on the user’s computer and contain information about their browsing habits. This information is used to personalise the user’s experience and to provide relevant content.

Terms of Service

Users of Warner Music and DAZN are required to agree to the terms of service before accessing the website. These terms outline the user’s responsibilities and obligations when using the website. It is important for users to read and understand these terms before agreeing to them.

The cookie policy outlines how cookies are used on the website and what information is collected. Users can choose to opt-out of cookies if they wish, although this may affect their user experience.

Support Team

If users have any questions or concerns about their privacy or security when using Warner Music or DAZN, they can contact the support team for assistance. The support team is available to help with any issues that may arise and can provide guidance on how to stay safe online.

Reference ID

When users visit the website, a reference ID may be assigned to their session. This ID is used to track their activity on the website and to provide a personalised experience. Users can choose to clear their reference ID at any time by clearing their browser cookies.

Overall, users of Warner Music and DAZN can expect a high level of privacy and security when using their websites. By following the guidelines outlined in the terms of service and cookie policy, users can help to ensure a safe and enjoyable browsing experience.

Final Remarks

Sir Leonard Blavatnik is a highly successful businessman with a net worth of over $30 billion. He is the owner of Warner Music and DAZN streamer, both of which are major players in their respective industries.

Blavatnik’s investments in the entertainment and sports industries have proven to be lucrative, with Warner Music and DAZN streamer both experiencing significant growth in recent years. The recapitalization of DAZN for $4.3 billion in 2022 shows Blavatnik’s continued commitment to the company and his belief in its potential for future success.

Despite being one of the richest people in the world, Blavatnik is known for his philanthropic efforts. He has donated millions of pounds to various charities and institutions, including the University of Oxford, the Tate Modern, and the Royal Opera House.

Overall, Sir Leonard Blavatnik’s success in business and dedication to philanthropy make him a notable figure in the world of finance and beyond.

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