Farkhad Akhmedov Net Worth

Farkhad Akhmedov Net Worth

1. Net Worth

Farkhad Akhmedov, an Azerbaijani-Russian businessman, has an estimated net worth of $1.4 billion.

2. Highlights

• Farkhad Akhmedov is an Azerbaijani-Russian businessman with a net worth of $1.4 billion.
• Akhmedov entered the billionaire rankings in 2012 after selling his 49% stake in Nortgas to Novatek.
• He had a long-running feud with Gazprom, which led to the sale of his shares in Nortgas.
• Akhmedov owns AzNar Natural Products, a juice maker in Azerbaijan.
• He made his business beginning in Moscow before moving to London in 1980.
• Akhmedov has pursued business and philanthropic interests in both Azerbaijan and Russia.
• He served as the first Azerbaijani-Russian senator representing the Krasnodar region in the Russian Federation Council.

3. Early Life

Farkhad Akhmedov was born in Azerbaijan and at the age of fifteen, he fled to Moscow. In 1980, he became the first Azeri to move to London, where he embarked on his business journey. He initially sold machinery to oil and gas companies before getting involved in production himself.

4. Career

Farkhad Akhmedov’s career took off as he began selling machinery to oil and gas companies. He later ventured into production and successfully built up shares in Northgas, an oil and gas company in Siberia that is known for having one of the largest gas reserves in the world.

However, in 2005, under the threat of losing his license, Akhmedov had no choice but to agree to give Gazprom 51% of his shares in Northgas. This marked the beginning of a long-running feud between Akhmedov and the natural gas giant.

In 2012, Akhmedov sold his remaining 49% stake in Nortgas to Novatek, a Gazprom rival, which propelled him into the billionaire rankings. Besides his involvement in the oil and gas industry, he also owns AzNar Natural Products, a juice maker in Azerbaijan.

In addition to his business ventures, Akhmedov has dabbled in politics. He served as the first Azerbaijani-Russian senator representing the Krasnodar region in the Russian Federation Council. Throughout his career, Akhmedov has been actively engaged in business and philanthropy in both Azerbaijan and Russia.

5. Personal Life

Details about Farkhad Akhmedov’s personal life, including his birthdate, birthplace, gender, height, and nationality, are currently unavailable.

6. Net Worth Over Time

Farkhad Akhmedov’s net worth has fluctuated over time due to his involvement in various business ventures and investments. As of the latest estimate, his net worth stands at $1.4 billion.

7. Components of Net Worth

Farkhad Akhmedov’s net worth primarily stems from his successful involvement in the oil and gas industry. His shares in Northgas and the subsequent sale of his stake to Novatek significantly contributed to his net worth. Furthermore, his ownership of AzNar Natural Products also adds to his overall wealth.

It’s important to note that while we strive to provide accurate net worth figures, our estimates are based on publicly available information and may not be entirely precise. We welcome any corrections or additional insights regarding Farkhad Akhmedov’s net worth.

Disclaimer: All net worths mentioned throughout this article are calculated using data drawn from public sources. We also take into consideration private tips and feedback received from the celebrities or their representatives. Although we work diligently to ensure our numbers are as accurate as possible, unless otherwise indicated, they are only estimates.

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