Farkhad Akhmedov's Net Worth and Business Ventures
Farkhad Akhmedov, an Azerbaijani-Russian businessman, boasts a net worth of $1.4 billion. He entered the billionaire rankings in 2012 after selling his 49% stake in Nortgas, a major Siberian oil and gas company, to Novatek. This deal concluded a longstanding conflict with Gazprom, a significant player in the natural gas industry.
Early Business Endeavors
Akhmedov's journey began in 1993, when he started accumulating shares in Nortgas, which holds one of the world's largest gas reserves. By 2005, under the risk of losing his license, his company was forced to concede 51% of shares to Gazprom. Despite this setback, Akhmedov continued his entrepreneurial pursuits. He currently owns AzNar Natural Products, a prominent juice manufacturer in Azerbaijan.
From Azerbaijan to Russia and Beyond
Born in Azerbaijan, Akhmedov fled to Moscow at the age of fifteen, and in 1980, he became the first Azerbaijani to relocate to London. His initial business ventures in London involved selling machinery to oil and gas companies, eventually transitioning into production. Over the years, he has maintained his business and philanthropic interests across Azerbaijan and Russia.
Political Involvements
In addition to his business endeavors, Akhmedov made history as the first Azerbaijani-Russian senator, representing the Krasnodar region in the Russian Federation Council. His multifaceted career highlights his significant influence in the realms of business and politics.
