Access Industries | A Multi-Faceted Business Group

Have you ever heard of Access Industries? If you fall into the category of people who would love to have a glance at what this dynamic group have done in the world of business, this article has been prepared for you.

We’ll be digging into where this grand company is located, its worth and why it is termed a holding company. What about its founder? Trust me. This and much more juicy information will be revealed in this article.

To begin, let us have a look at a brief history of Access Industries. How did it begin?

History of Access Industries

Len Blavatnik founded Access Industries, a private holding corporation and global investment firm headquartered in New York in 1986. It is known for identifying companies with great business ideas and management teams and maximizing their value through financial support and expertise.

Access Industries is Warner Music Group’s biggest stakeholder. Bravatnik also controls DAZN, a sports media firm based in London, as well as one-fifth of LyondellBasell, the world’s largest producer of polymer compounds.

Its founder, Sir Leonard Valentinovich Blavatnik, is a Ukrainian-born British-American businessman and philanthropist. Forbes forecast that his net worth would be $31.3 billion in January 2024. For more than three decades, his ability to identify and invest in opportunities has driven the company to achieve consistent profits across an increasing portfolio.

Access Industries Holdings includes:

Biotechnology
Entertainment
External Funds
Global Media
Strategic Equity
Real Estate
Technology Ventures

Location

The New York Office is located on 40 West 57th Street, 28th Floor, while the London Office is on the 6th Floor, Marble Arch House, 66 Seymour Street, London.

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Networth

Access Industries Holdings Llc’s net worth is predicted to be at least $1.9 billion by 2024.

Why Is Access Industries Called A Holding Company

In what sense is it a holding company?

To understand what we mean, let us briefly get a full grasp of what a holding company implies.

What is a Holding Company?

A holding company owns other firms and manages their activities, although it exists only to operate those subsidiaries. It typically owns a majority interest in the securities of other firms but does not generate goods or services itself. Its goal is to own stock in other firms and build a corporate group.

It is commonly referred to as a parent company—typically a corporation or LLC—whose aim is to acquire and control the ownership interests of other firms known as subsidiary companies.

Access Industries Holdings LLC serves as a holding company for these subsidiaries. It is an industrial firm with long-term holdings that specializes in natural resources and chemicals, media and telecommunications, and real estate, servicing consumers all over the world.

In light of these definitions, Access Industries is rightly a holding company which owns thirteen firms in all, including:

Pandion Therapeutics Inc
Warner Music Group Corp
Neon Therapeutics Inc
Anchiano Therapeutics Ltd
LyondellBasell Industries NV
EP Energy Corp
Chemomab Therapeutics Ltd
DigitalOcean Holdings Inc
Gamida Cell Ltd
Eliem Therapeutics Inc
Day One Biopharmaceuticals Inc
Verona Pharma PLC
Disc Medicine Inc

Would you love to find out more about companies or organizations like these? Visit this article.