Farkhad Akhmedov

Net worth over time

Biography

• Farkhad Akhmedov got his start selling Russian sables at the London commodity exchange.
• In 1987 he founded Tansley Trading, which supplied equipment to Russian gas producers.
• Six years later, he became a minority shareholder in Nortgas, an oil and gas company in Siberia.
• In 1998, he bought out the 44% stake of another investor, Bechtel Energy, and became chairman of Nortgas.
• He sold that stake in 2012 for $1.4 billion.
• In 2016, a U.K. High Court judge ordered Akhmedov to pay his ex-wife 454 million British pounds, but he refused. In 2021 Tatiana accepted cash and art and the divorce dispute was settled.
• He is under EU and U.K. sanctions since April 2022. In June 2022 his yacht Luna, valued at about $500 million, was frozen in Germany; In September 2023 the EU removed its sanctions against Akhmedov.
• Akhmedov invested $55 million in a pomegranate juice factory in his native Azerbaijan, where his father worked during the Soviet era.
• Akhmedov's helicopter was seized and sold for around $5.7 million on behalf of his ex-wife in December 2018 after the London court granted his assets be frozen.