UK

Russian billionaire oligarch’s son says life not ‘without troubles’ as he battles mother over £453m

The son of a Russian oligarch, who was given a £29 million flat when he was 19 and lost £35 million of his father’s money at 21 has spoken of his ‘troubled’ life.

In a moving statement submitted to the High Court, Temur Akhmedov insists that despite benefiting from his father’s enormous wealth ‘that does not mean my life is without troubles.’

Temur is being sued by his mother Tatiana Akhmedova, 48 over claims that he acted as his father’s ‘lieutenant’ and colluded with him to conceal his fortune and ensure that she did not receive a landmark £453 million divorce pay out.

Ms Akhmedova secured Britain’s largest divorce settlement from her ex-husband Farkhad Akhmedov, 64, an oil and gas tycoon, following the end of their 27-year marriage in 2016.

Tatiana Akhmedova (pictured) told the High Court that she had no idea that her son Temur Akhmedov was trading ‘real money’ and that she rushed from her £20million Surrey home to ‘console him,’ when informed about it in late 2015

The High Court has also heard details about how Temur was given a £120,000 Mercedes jeep aged 17, left home aged 18 with a credit card ‘that had no limit,’ and continued to have use of his father’s £350 million super yacht, helicopter and private plane.

The High Court was also told how Temur lost £35 million ‘in an instant’ trading stocks and shares with money given to him by his father in late 2015, who was helping him to set up on his own.

His £27 million flat, in Britain’s most expensive apartment block, was bought for him while he was a student at the London School of Economics with another £5 million spent on refurbishing his ‘digs.’

In his statement, Temur states: ‘I understand that the troubles of a wealthy man’s son may seem trivial or disingenuous to the outside world. I admit financially in the past I have not been left to want while many people suffer with financial problems. That does not mean that my life is without troubles.’

Ms Akhmedova, 48, is suing her eldest son Temur (pictured), 27, over claims that he acted as his father's 'lieutenant' and colluded with him to conceal his fortune and ensure that she did not receive a landmark £453 million divorce pay out

Ms Akhmedova, 48, is suing her eldest son Temur (pictured), 27, over claims that he acted as his father’s ‘lieutenant’ and colluded with him to conceal his fortune and ensure that she did not receive a landmark £453 million divorce pay out

Temur also reveals his angst at being ‘caught in the middle of warring parents,’ describing his feelings for his mother as ‘at best, strained.’

He adds: ‘I remain very troubled and damaged by my childhood. The Court does not want details mentioned in this trial, and I respect that. However, I emphasise that this is a case in the Family Division between family members.’

Ms Akhmedova secured Britain's largest divorce settlement from Farkhad Akhmedov (pictured), 64, an oil and gas tycoon, following the end of their 27-year marriage in 2016

Ms Akhmedova secured Britain’s largest divorce settlement from Farkhad Akhmedov (pictured), 64, an oil and gas tycoon, following the end of their 27-year marriage in 2016

Temur is due to give evidence on Wednesday while his mother has already completed her testimony.

He says that he does not blame his mother and accepts that his father has ‘not paid her what he was ordered to pay her.’ But he denies any wrongdoing, insisting that the millions of pounds his father gave him was for ‘investment purposes’ and not an attempt to put his wealth beyond Ms Akhmedova’s reach.

Temur adds: ‘That is not my fault. If he had done so I would not be in this position. My mother does not seem to understand that I cannot force him to act in any way, nor that anything she does to me will force him to act in that way.’

Temur’s father is a rags to riches billionaire, who lavished ‘wanton generosity’ on him and his younger brother Edgar, the court was told.

Referring to Mr Akhmedov’s astounding success and wealth, Temur maintains: ‘I love and admire my father for many reasons, but speaking for the next generation, he is not the easiest act to follow.

‘The bar that he has set is nearly impossible to meet. I may never expect to get anywhere near his level of success, but I want to try to succeed in life and do positive things with what he has bestowed upon me. Now I feel that because of this divorce, I am set up to fail and not achieve what I aspire to achieve in life.’

Tatiana Akhmedova told the High Court that she had no idea that her son Temur Akhmedov was trading ‘real money’ and that she had rushed from her £20million Surrey home to ‘console him,’ when informed her that he had lost £35 million ‘in an instant’ trading in stocks and shares in late 2015.

Ms Akhmedova said: ‘I was shocked. He (Temur) was extremely upset. I travelled to London to console him.’

Tatiana Akhmedova and her son Temur taken in 2014 two years before the record £453 million divorce settlement

Tatiana Akhmedova and her son Temur taken in 2014 two years before the record £453 million divorce settlement

When asked by Robert Levy, QC, representing Temur if she asked him where he got such a large amount of money from, Ms Akhmedova replied: ‘I don’t remember asking him directly if it came from his father or not.’

She added: ‘I didn’t know about the amounts he was trading. It was only in late 2015, when he lost $50 million (£35 million) that I knew he was trading real money.’ 

Temur denies allegations against him and says his mother’s claim should be dismissed. 

Ms Akhmedova alleges that her ex-husband gave Temur more than £90 million in total and set up a complex web of trusts and companies with his help to ensure that she did not get her divorce settlement.

This included placing his £350 million super yacht and £100 million art collection into the ownership of a Liechtenstein trust.

Temur’s legal team claim that the money was given to him by his father for ‘investment purposes’ and that Ms Akhmedova was aware of this. 

The hearing continues.


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