10 Things You Didn’t Know About ‘Farkhad Akhmedov’

When it comes to the glitz and glam of high-profile billionaires, Farkhad Akhmedov often flies under the radar. Yet, as one of the most influential business moguls in Russia, his story is as interesting as it is impressive. Below are ten things you probably didn’t know about the oil and gas magnate.

1. From modest beginnings

Farkhad Akhmedov was not born into wealth. Instead, he was raised in the modest surroundings of Baku, capital of Azerbaijan, in difficult living conditions. Akhmedov’s rise to fame is often likened to the classic rags-to-riches story, highlighting the possibilities of determined pursuit and resilience.

Despite these humble beginnings, Akhmedov has touched the heights of success and wealth, earning a place in Forbes’ list of the richest people in the world. A solid testament to his journey from hardship and obscurity to success and global recognition.

2. He made his fortune in oil and gas

Akhmedov’s fortune has been amassed from the oil and gas industry. He worked for the state-owned trading company, Soyuznefteexport, where he made crucial industry connections and built a strong reputation within the sector.

His wealth took a significant leap in 1995 when he took over the company Northgas. After increasing its productivity, he sold his 49% share in the company to Gazprom for a sum believed to be in the region of $1.375 billion, solidifying his status as a billionaire.

3. He’s a collector of fine art

Like many billionaires, Akhmedov has a fondness for fine art. His collection reportedly includes works by renowned artists such as Andy Warhol and Mark Rothko.

Possibly the most prominent piece within his collection is Rothko’s ‘No. 6 (Violet, Green and Red)’, which he reportedly purchased for a staggering $186 million, one of the highest prices ever paid for a piece of modern art.

4. He’s embroiled in one of the UK’s most expensive divorce cases

In 2016, Akhmedov was ordered by the London High Court to pay his ex-wife Tatiana Akhmedova a record-breaking £453 million ($583 million), in what’s been dubbed one of the most expensive divorces in UK history.

However, the battle didn’t end there. Farkhad allegedly refused to pay and the case is ongoing, spawning numerous court battles over assets including a $439 million yacht and a private jet.

5. His son is also an influential figure

Following in his father’s footsteps, Akhmedov’s son Temur is also a notable figure in the world of business. He was embroiled in his parents’ divorce case, being accused of helping his father hide assets from his mother.

But beyond the high-profile court case, Temur himself is a successful trader, reportedly based in London where he lives in a lavish apartment valued at £30 million.

6. He was a senator

In addition to his vast business empire, Mr. Akhmedov once held political office. From 1997 to 2003, he represented his home country, Azerbaijan, in the Federation Council of Russia.

This role expanded his influence beyond business circles, and although Akhmedov eventually stepped down, his stint as a senator is a testament to his versatility and influence in Russian society.

7. His philanthropy work

Despite being fiercely private about his personal life, Akhmedov’s charitable work is well-known. He is the founder of the Farkhad Akhmedov Foundation which focuses on funding humanitarian causes.

He is also the benefactor of the Centre for Pediatric Hematology, Oncology, and Immunology in Moscow, aiming to support children with severe and rare diseases.

8. He owns one of the world’s most expensive yachts

Among Akhmedov’s collection of luxurious assets is the superyacht Luna, reportedly worth over $500 million. This sensational masterpiece of naval engineering is equipped with a mini-submarine and missile-detection system.

The yacht itself has been a point of contention in Akhmedov’s ongoing divorce case, with his ex-wife claiming it as part of her settlement.

9. His investment in real estate

Like many high-net-worth individuals, Akhmedov has made considerable investments in real estate. His portfolio reportedly includes a $42 million mansion in the elite Rublevka district in Moscow.

In addition to this, he owns an apartment on the French Riviera, properties in Dubai and a mansion in London, showing a keen eye for luxury and a taste for living in some of the world’s most exclusive locations.

10. He remains private

Akhmedov is notoriously private, despite his high-profile business deals and personal feuds. He rarely gives interviews to the media and is known for being very selective about where and when he appears in public.

He likes to keep his personal life tightly under wraps. This mysterious persona shrouds him in intrigue, making him an even more fascinating figure to decode.

Discover more about Farkhad Akhmedov: Forbes Profile. Read more about his court case: BBC News.