Ukrainian-born billionaire Sir Leonard Blavatnik donates £10 million to Courtauld Institute

An independently-governed constituent of the University of London, the Courtauld Institute was founded in 1932 by Samuel Courtauld, Sir Robert Witt and Viscount Lee of Fareham, and has become one of the world’s foremost art education establishments. 

“We want it to be a brain-fizzing experience,” Mr van Claerbergen said. “It has to be lively and we want people to have memorable encounters with what really is one of the great collections.” 

Sir Leonard – who earnt a knighthood in 2017 for services to philanthropy – has become a prolific patron in recent years. 

The petrochemical magnate and owner of Warner Music Group gave £50 million to the Tate Modern, and a further £5 million to the Victoria and Albert Museum. Both named parts of their sites after him. 

He spent £45 million buying the Theatre Royal Haymarket in London’s West End, and donated £75 million to Oxford University to create the Blavatnik School of Government.  

The Blavatnik Institute at the Harvard Medical School was founded in 2018 following a $200 million (£148 million) contribution. Sir Leonard received his MBA from Harvard Business School in 1989.