LeaderPortfolio
Akhmedov
Farkhad Akhmedov
Rank #2398
RUSSIAenergyInvestments

Farkhad Akhmedov

Net Worth
$1.687B
0% (24h)
Farkhad Akhmedov, born in Baku, Azerbaijan, on September 15, 1955, is an Azerbaijani-Russian businessman with a net worth of $1.7 billion as of March 2026. His wealth originates from investments, primarily in the energy sector. Akhmedov's career began in the 1980s trading sable furs before transitioning to the oil and gas industry. He founded Tansley Trading in 1987, which supplied equipment to Russian gas producers. A key achievement was acquiring a controlling stake in Northgas, which he later sold for $1.38 billion in 2012. Akhmedov has held positions in Russian politics, including in the Federation Council. He is also known for his philanthropic efforts, including sponsoring the Azerbaijan Goychay Pomegranate Festival.

How to read Farkhad Akhmedov's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Farkhad Akhmedov, we anchor the narrative to Northgas and Investments, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $1.687B alongside global rank #2398, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (RUSSIA) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life

Farkhad Teimurovich Akhmedov was born in Baku, Azerbaijan SSR, on September 15, 1955. He grew up in Goychay, Azerbaijan. At the age of 15, following his father's sentencing, he moved to Moscow.

Rise to Success

Akhmedov started his business career by trading sable furs in London in the 1980s. He founded Tansley Trading in 1987 to supply equipment to Russian gas producers. In the 1990s, he acquired a controlling stake in Northgas, a Siberian natural gas company, which he later sold in 2012 for $1.38 billion.

Key Business Strategies

Akhmedov's strategy included identifying opportunities in the Russian gas sector's privatization era and acquiring stakes in promising companies like Northgas. He focused on building a profitable company that allowed him to sell his stake for a substantial profit. Akhmedov also invested in other ventures, including the pomegranate juice factory in Azerbaijan.

Philanthropy

Akhmedov is known for his philanthropic efforts. He is the main sponsor of the Azerbaijan Goychay Pomegranate Festival. He has also donated to children's charities and wildlife projects.

Career Timeline

2012

Sold Northgas Stake

Sold his 49% stake in Northgas to Novatek for $1.38 billion.

2004-2009

Senator

Served as a representative of the Krasnodar Territory and Nenets Autonomous Area in the Federation Council of the Russian Federation.

1993

Acquired Stake in Northgas

Acquired a minority stake in Northgas, a Siberian gas producer.

1987

Founded Tansley Trading

Founded Tansley Trading, which supplied equipment to Russian gas producers.

Philanthropic Impact

CultureUndisclosed

Azerbaijan Goychay Pomegranate Festival

Main sponsor of the Azerbaijan Goychay Pomegranate Festival

Disaster Relief$0.5M

JSC AZNAR Donation

JSC AZNAR, which he heads, donated 1 million manats [€540,000] to the National Fund for Combating Coronavirus during the pandemic

Key Business Ventures & Holdings

CompanyStakeValue
Novatek

Net Worth History

In-Depth Analysis

Early Life

Farkhad Teimurovich Akhmedov was born in Baku, Azerbaijan SSR, on September 15, 1955. He grew up in Goychay, Azerbaijan. At the age of 15, following his father's sentencing, he moved to Moscow.

Rise to Success

Akhmedov started his business career by trading sable furs in London in the 1980s. He founded Tansley Trading in 1987 to supply equipment to Russian gas producers. In the 1990s, he acquired a controlling stake in Northgas, a Siberian natural gas company, which he later sold in 2012 for $1.38 billion.

Key Business Strategies

Akhmedov's strategy included identifying opportunities in the Russian gas sector's privatization era and acquiring stakes in promising companies like Northgas. He focused on building a profitable company that allowed him to sell his stake for a substantial profit. Akhmedov also invested in other ventures, including the pomegranate juice factory in Azerbaijan.

Philanthropy

Akhmedov is known for his philanthropic efforts. He is the main sponsor of the Azerbaijan Goychay Pomegranate Festival. He has also donated to children's charities and wildlife projects.

Data Sources & Methodology

Figures for Farkhad Akhmedov are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.