01 December 2025

An emigrant from Odesa paid $115 million for a house in the United States

(PHOTO COLLAGE: Intent)

The most expensive home ever sold in the upscale Hamptons neighborhood in the United States of America was bought by Len Blavatnik, a billionaire of Ukrainian descent, for $115 million.

The sale to Len Blavatnik, who is now a British-American citizen with a fortune of $29.1 billion, took place on July 31, and the transfer of ownership was reported by Behind The Hedges.

The mansion is located on a large plot of land in Amagansett, a town on the southern shore of Long Island, about 20 kilometers from Montauk. It has waterfront access, an outdoor pool and a long tree-lined driveway for maximum privacy. It is one of the last buildings of its kind on Dafter Lane, one of the most desirable and expensive streets in the United States.

Len Blavatnik, owns a controlling stake in Warner Music Group. His wealth makes him the 59th richest person in the world according to Forbes. Blavatnik's fortune was largely due to his investment in a Russian oil company, which brought him billions of dollars in stock dividends. Later, in 2011, he acquired the Warner Music Group, and in June 2020, he listed the company on the stock exchange.

The previous owner was Terry Semel, who served as chairman and CEO of Yahoo and Warner Bros. Semel purchased the property in 2005, paying Blackstone founder Steven Schwarzman $43 million, which was $1 million more than the asking price.

According to the Focus magazine, Leonid Blavatnik was born in 1957 in Odesa to a Jewish family. At the age of 21, he emigrated from the Soviet Union to the United States in 1978. After arriving in the United States, he graduated from Columbia University with a Bachelor of Arts degree. In 1989, Blavatnik graduated from Harvard Business School.

In 1986, he founded his holding company, Access Industries. Together with his friend Viktor Vekselberg, they founded the Access-Renova holding company in 1991.

In the 1990s, Vekselberg and Blavatnik participated in the management of the Russian aluminum industry. In 1996, they formed the Siberian-Ural Aluminum Company (SUAL), which was merged with RUSAL and Glencore, into RUSAL's largest aluminum company in February 2007.

Кирило Бойко

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