One of the richest men on earth said to be buyer of record-setting UES mansion

The estimated net worth of Len Blavatnik is $20.5B

New York /
Feb.February 15, 2018 09:30 AM

19 East 64th Street, Chen Feng and Len Blavatnik (Credit: Getty Images)

The high-roller who gave HNA Group $90 million to slightly ease its debt pain in exchange for an opulent Upper East Side mansion has been fingered as billionaire Len Blavatnik.

Blavatnik bought the townhouse at 19 East 64th Street from the Chinese conglomerate HNA Group, which had purchased it for $79.5 million last April, according to the New York Post. It was previously the art gallery for the Wildenstein family for 85 years.

Forbes has estimated Blavatnik’s net worth at $20.5 billion, and is believed to be the wealthiest man living in Great Britain. He placed #40 on Forbes’ list of the world’s wealthiest people. He tried unsuccessfully to buy 19 East 64th Street years earlier and sued its former owner David Wildenstein, claiming he had used Blavatnik’s offer on the townhouse to get a better offer from another buyer, but a judge threw out the case.

Blavatnik owns several other properties in New York, including the townhouse at 15 East 64th Street, which he bought for $51 million, the townhouse at 2 East 63rd Street, which he bought for $31.25 million, and the home at 834 Fifth Avenue, which he bought for $80 million.

He also owns Warner Music and has been an investor in hit shows such as “Hamilton,” and he made $7 billion in 2013 after selling his stake in a Russian oil company.

In Miami Beach, Blavatnik also partnered with Alan Faena to develop the Faena District, which runs on both sides of Collins Avenue from 32nd Street to 35th Street, and includes the Faena Hotel, the 47-unit Faena House condominium tower, Faena Forum and Faena Bazaar.

HNA is facing financial difficulties and planning to sell $4 billion worth of its properties in the U.S. to help pay off its debt, including the office tower at 245 Park Avenue that it purchased less than a year ago for $2.21 billion. [NYP]Eddie Small


Related Articles

arrow_forward_ios
US household real estate values jump by record $1.2T
US household real estate values jump by record $1.2T
US household real estate values jump by record $1.2T
David Bitton, CMO and co-founder of DoorLoop and Ori Tamuz, CEO and co-founder of DoorLoop (Bitton, DoorLoop, Getty)
Startup DoorLoop to take on goliaths in rental management software
Startup DoorLoop to take on goliaths in rental management software
Richard Grossman
Brown Harris Stevens’ NYC president Richard Grossman steps down
Brown Harris Stevens’ NYC president Richard Grossman steps down
The six bedroom Sagaponack house (Out East)
Sagaponack mansion lists for $32M in East End’s supply-constrained market
Sagaponack mansion lists for $32M in East End’s supply-constrained market
Home sales dipped in August after two months of increases
Home sales dipped in August after two months of increases
Home sales dipped in August after two months of increases
Here are the homes that billionaire Paulsons will spar over in divorce
Here are the homes that billionaire Paulsons will spar over in divorce
Here are the homes that billionaire Paulsons will spar over in divorce
Builders broke ground on more residential properties in August than had been predicted, but the number of single-family housing starts fell below expectations. (iStock)
August housing starts rose but single-family properties fell short
August housing starts rose but single-family properties fell short
Compass CEO Robert Reffkin and First Alliance Title co-founders Lon Welsh and Greg Parham (Compass, First Alliance)
Compass picks up another title company
Compass picks up another title company
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...