Farkhad Akhmedov Net Worth

Farkhad Akhmedov has an estimated net worth of $1.7 billion, according to Forbes Real-Time Billionaires, Farkhad Akhmedov profile (figures as of October 20, 2026). That is up from $1.4 billion in 2019.

Farkhad Akhmedov is a Russian businessman who built his fortune through energy and investments. He first worked in London, where he sold Russian sables at the commodity exchange. In 1987, he started Tansley Trading, a company that supplied equipment to Russian gas producers. That business gave him a foothold in the oil and gas sector and helped him move from trading into larger deals and company ownership.

A major turning point came when he became a minority shareholder in Nortgas, an oil and gas company in Siberia. In 1998, he bought out Bechtel Energy’s 44% stake and became chairman of Nortgas. He later sold his stake in 2012 for $1.4 billion. He also invested $55 million in a pomegranate juice factory in Azerbaijan and has served as chairman and a shareholder of AZNAR since 2009.

How Farkhad Akhmedov made his money

Akhmedov’s early business career included years in London from 1986 to 1994, where he sold furs in international markets. He then expanded into energy-related trade by founding Tansley Trading in 1987. The company supplied equipment to Russian gas producers and also traded in oil and oil products. That mix of commodity sales, equipment supply, and industry connections helped him build a base in the energy business.

His biggest wealth-building asset was Nortgas in Siberia. After taking a minority position, he increased his control in 1998 by buying Bechtel Energy’s 44% stake and becoming chairman. He later sold his stake in 2012 for $1.4 billion. Beyond Nortgas, he also invested in Azerbaijan, including a $55 million pomegranate juice factory, and since 2009 he has been chairman and a shareholder of AZNAR, a juice and agriculture company.

What Forbes says about his wealth

Forbes currently estimates Akhmedov’s wealth at $1.7 billion on its real-time billionaires tracker as of October 20, 2026. Forbes places him in the energy industry, while also tying his wealth to investments. Its published billionaire lists showed his fortune at $1.4 billion in 2019, 2020, and 2021, before rising to $1.7 billion in 2022.

The Forbes estimate then fell to $1.1 billion in 2023, before rebounding to $1.6 billion in 2024 and 2025. It returned to $1.7 billion in 2026. The broad pattern follows the value of his investments and his long history in energy, especially the Nortgas sale in 2012, along with later business interests such as AZNAR and the factory project in Azerbaijan.