Farkhad Akhmedov Net Worth is$1.4 Billion
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Date of Birth: 1955-09-15
Place of Birth: Baku
Farkhad Akhmedov Net Worth: Farkhad Akhmedov is an Azerbaijani-Russian businessman who has a net worth of $1.4 billion. Akhmedov re-entered billionaire rankings in 2012 after he sold his 49% of Nortgas, a Siberian oil and gas company, to Novatek, a Gazprom rival. He closed the deal as a parting shot to a long-running feud with the natural gas giant. It all started in 1993, when Akhmedov started to build up shares in Northgas, an oil & gas company in Siberia, which is considered to be one of the largest gas reserves in the world. It all went well until 2005, when under the threat of losing his license the company had no other choice but to agree to give Gazprom 51% of his shares. Northgas aside, Farkhad Akhmedov still owns AzNar Natural Products, a juice maker in Azerbaijan. Azerbaijan-native, he was only fifteen when Akhmedov fled to Moscow and later became the first Azeri to move to London in 1980. There, he made his business beginning, before eventually starting to sell machinery to oil and gas companies and later moving into production himself. Since, he has constantly pursued business and philanthropic interests in both Azerbaijan and Russia. He also dabbled in politics, serving as the first Azerbaijani-Russian senator in history to represent the Krasnodar region to the Russian Federation Council.
Farkhad Temurovich Akhmedov (Russian: ???????????? ???,? 1/4 ????? 3/4 ???,?? ????? 1/4 ?u??? 3/4 ??; Azerbaijani: F??rhad Teymur o??lu AE?hm??dov, born 15 September 1955) is a Russian/Azerbaijani businessman.

Akhmedov was born in Baku, Azerbaijan in 1955 to Azerbaijani parents - Teymur and Asadi. He was a young schoolboy when his father was sentenced to death for state-property embezzlement in a debauched case in the USSR. He then fled to Moscow at the age of 15 with 2 rubles, studied to be a mechanic; spent several years in the Navy and graduated from the Moscow Veterinary Academy's Commodity Research & Animal Commodities department as a specialist in fur. He was the first Azeri to move to London in 1980 to set up business there, and then eventually began selling machinery to oil and gas companies and later moved into production himself.
Farkhad continues to maintain business and philanthropic interests in Azerbaijan and Russia.
Starting in 1993, Akhmedov built up shares in Northgas, an oil & gas company in Siberia which has a field in the Arctic Circle, with one of the largest gas reserves in the world according to DeGolyer & MacNaughton. In 2005, threatened with the loss of his license, agreed to give Gazprom 51% of his shares. As to date, Farkhad Akhmedov has now sold his 49% remaining stake to Novatek in 2012 for an undisclosed sum - reports ranging from $1.8 - $2.6 billion USD.
AzNar is the natural beverages manufacturer purchased in 2007 by Farkhad in honour and tribute of his father Teymur, a director of the plant located in Goycay City, Azerbaijan. So far, AzNar has expanded in several ways to become a leading player in the global natural juice market representing Azerbaijan. AzNar's specialty is pomegranate juice, otherwise known as Nar juice in Azerbaijan. Farkhad Akhmedov has invested more than $75m USD into AzNar and is continually seeking expansion in the fresh juices market.
In December 2004, Farkhad Akhmedov became the first A

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Farkhad Akhmedov Latest News

Dubai court returns $616 million superyacht to Russian tycoon amid costly divorce battle

Luna was bought by Mr Akhmedov in 2014 from Roman Abramovich The yacht is part of a $835 million divorce bill battle It is currently anchored in Dubai guarded by private security Russian oil and gas ...
Posted: March 28, 2019, 5:23 pm

Luna yacht tycoon files $85 million damages against ex-wife

Image Credit: Superyacht Times Dubai: The ex-wife of Russian billionaire Farkhad Akhmedov, who attempted to seize a £350 million superyacht from the tycoon in the UK’s biggest divorce ...
Posted: April 11, 2019, 8:52 am

British ex-wife of Russian billionaire hit with £65m damages claim for seizing his £350m superyacht

Her ex-husband Farkhad Akhmedov, was given leave to sail away in the Luna last month after the vessel was impounded in Dubai for over a year as part of the bitter separation. The mother-of-two had ...
Posted: April 11, 2019, 6:55 am
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