Warner Music Group (WMG) began trading on the Nasdaq on Wed 3 June 20

Warner Music Group was founded in 1929 and is headquartered in New York, New York. Warner Music Group Corp. is a subsidiary of AI Entertainment Holdings LLC.

• Sector(s): Communication Services
• Industry: Entertainment
• Full Time Employees: 5,400
• http://www.wmg.com
• Largest shareholder: Leonard Blavatnik (see below)

Leonard Blavatnik (born in 1957) is a Ukrainian businessman, investor, and philanthropist. As of May 2020, Blavatnik was the 4th wealthiest man in the United Kingdom.

• Blavatnik reaped phenomenal riches from the chaotic world of 1990s Russian cowboy capitalism, and who cashed in that wealth in favor of western investments and a place in British and American high society. 
• Over two decades, he extracted more than $14bn from Russia’s natural resources industry, the biggest financial gain of any individual foreign investor in the country and the bedrock of his approximate $25bn net wealth today.
• Blavatnik succeeded in Russia while staying out of the spotlight. His activities in the west have been more conspicuous. His purchase of Warner Music for $3.3bn in 2011 was the first step in what he said was a mission to build a global media empire.

Len Blavatnik with his wife Emily Appelson, at an event in New York in October 2016 marking his donation to Carnegie Hall.

• Blavatnik donated £75m to Oxford university in 2010 to set up the Blavatnik School of Government.
• Blavatnik was named Sir Leonard and knighted by the Queen for his philanthropic work just seven years after obtaining British citizenship.
• In 2017, a professor at Blavatnik’s Oxford school resigned after it emerged that Blavatnik’s company had donated $1m to Trump’s inauguration committee. 

Blavatnik shakes Donald Trump’s hand at an exclusive pre-inauguration event in January 2017.