Billionaire Oligarch Contesting One Of The Biggest Divorce Settlements In History

By on February 13, 2018 in ArticlesBillionaire News

What is it with billionaires in Vladimir Putin's inner circle and their super expensive divorce settlements? This time, we're talking about 61-year-old oil and gas tycoon Farkhad Akhmedov, who was ordered to give his 44-year-old ex-wife, Tatiana Akhmedova, 41.5% of his net worth, or a staggering $633 million, by a judge in London's high court back in December 2016.

While the couple was married, they led an extravagant lifestyle. Their main home was a $54.5 million mansion in Surrey and they also had a $39 million vacation villa. Akhmedov has an art collection worth $125 million, a $58.7 million private jet, and a 377-foot super yacht he purchased for $420 million from Roman Abramovich.

Farkhad Akhmedov has a net worth of $1.4 billion. He is on the "Putin list," the document recently released by the U.S. Treasury Department that lists 210 Russians with close ties to the Kremlin. One of Akhmedov's closest pals is fellow Russian oligarch Roman Abramovich.

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Farkhad and Tatiana were married for more than two decades and have two children together. Farkhad's lawyers are arguing that the settlement is unfair. The ruling is one of the largest financial awards made by a British court. Tatiana Akhmedova claims that despite the court's order more than a year ago, she has received nothing from her ex-husband.

The Akhmedov's marriage started to fall apart in 2013 and ended in 2014. Since that time, Tatiana's attorneys claim Farkhad has done everything he could to make sure his wife received nothing from him. He moved almost all of his wealth to offshore accounts to make sure his wife wouldn't be awarded any of it while the divorce trial progressed. To date, all Tatiana has received from her ex is a few guns and a car. As part of the divorce settlement, the judge ordered a transfer of the couple's assets, including the art collection, to a fund in Liechtenstein.

Tatiana was just 17 years old when she met Farkhad. They married in 1993 when she was 21 years old and pregnant. After their marriage, the couple moved to England. Akhmedov started out selling sable furs. He made his fortune when he sold his shares in ZAO Northgas in 2013 for $1.375 billion.

Akhmedov's attorneys are arguing that it was unfair for him to have to disclose all of his assets and private affairs during the divorce trial. It should be noted that Akhmedov made his fortune during the marriage. He was a fur coat salesman for much of the ex-couple's time together.

This is an ongoing case in the Court of Appeals.

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