No. 8: Len Blavatnik | Power 100

Len Blavatnik, Vice Chairman/Owner, Warner Music Group

8

LEN BLAVATNIK, 58

Vice Chairman/Owner, Warner Music Group
Last Year's Rank: 11

If Len Blavatnik isn't the most powerful person in music, he can take solace in the fact that he's the wealthiest: The Ukraine-born industrialist is worth an estimated $17 billion, and his privately held Access Industries claims stakes in Deezer and Spotify, plus ­ownership of 4,000-employee WMG. Blavatnik cites the 2015 breakthroughs of Twenty One Pilots, England's Jess Glynne and Germany's Robin Schulz as signs of Warner's global ­prowess, but it's his First Access Entertainment joint venture with manager Sarah Stennett that exemplifies his synergistic vision. "We need to ­recapture the true value of music," he says. "It's the lifeblood of so many new experiences, ­technologies and ­products -- and the industry should share more fully in the success it helps to ­create." The married father of four lives in London and New York, where, in 2015, he spent a record $77.5 ­million for a Fifth Avenue co-op.