This amount will be paid by the Russian billionaire, Farhad Akhmedov and his ex-wife

July 17, 2021
Close the file of the Russian billionaire, Farhad Akhmedov and his ex-wife, Tatyana Akhmedova Close the file of the Russian billionaire, Farhad Akhmedov and his ex-wife, Tatyana Akhmedova

Daily Times, Dubai United Arab Emirates:- Five years after the divorce ruling issued by the High Court in London in 2016, the divorce of Russian billionaire, Farhad Akhmedov and his ex-wife, Tatyana Akhmedova, a settlement was reached over the amount to be paid to his ex-wife, and its value amounted to 625 million dollars.

The dispute led to Akhmedova's unsuccessful attempt to seize the 115-metre luxury yacht owned by her ex-husband through the courts, as well as a separate court order requiring her son Timur to pay her more than £70m in family assets.

"It was not about an amount, but about a husband fulfilling his obligation to his family," a spokesman for Tatiana Akhmedova said, rejecting a claim by a spokesperson for her ex-husband that she would have been better off not suing.

Akhmedova will receive around £150m, which will also include covering legal costs.

Akhmedova's lawsuit was funded by specialized litigation finance firm Burford Capital, which said it would receive about $103 million; For its efforts in executing the sentence amounted to 625 million dollars.

In her ruling against Akhmedova's son Timur, British Judge Gwyneth Knowles confirmed in April that "Akhmedov's family is one of the most miserable families that have come into my courtroom."

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