Who is Farkhad Akhmedov?
He was born in Azerbaijan. But moved to Russia at the age of 15. He started his career by selling equipment to the Russian gas industry. He was born in September 1955. He is divorced from Tatyana Akhmedova. He has two or three children.
Later he focused on the production of natural gas. He started buying shares in Northgas. A Siberian gas producer with some of the largest gas reserves in the world. Around the year 2000 Akhmedov had full control over Northgas.
After a dispute with Northgas’ sole client Gazprom. Akhmedov transferred 51% of Northgas shares to Gazprom. In 2011 Akhmedov sold his remaining shares in Northgas. To the Russian company Novatek for US$ 1.38 billion.
Aznar Natural Products
Akhmedov is the owner of Aznar Natural Product. Where his father Teymur Akhmedov was a director during the Soviet era. Aznar produces pomegranate juice in Azerbaijan. Which is sold in Russia through Grante Russia. Grante Russia is also owned by Akhmedov. He is the first ethnic Azerbaijani who was elected a Russian senator.
Philanthropy and Art Collection
Akhmedov is an active philanthropist. Donating more than US$ 150 million to children’s charities such as orphanages. And donating to wildlife projects.
He is also an art collector. Especially focusing on Azerbaijani art. Akhmedov founded the Nar Gallery dedicated to Azerbaijani art.
He is said to own about 150 works of Socialist Realism. He is also a sponsor of the Buta Festival of Azerbaijani Arts. Which is held in London each year. In 2015 Akhmedov purchased a US$ 46.5 million Abstract Expressionist painting by Mark Rothko.
Farkhad Akhmedov Net Worth
Forbes estimates his net worth at US$ 1,4 billion. He has been described as a Russian oligarch.