Son of Russian oligarch says he lost $50 million on ‘risky’ day trading while attending university

  • Date: 09-Dec-2020
  • Source: Business Insider
  • Sector:Financial Markets
  • Country:Gulf
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Son of Russian oligarch says he lost $50 million on ‘risky’ day trading while attending university

Temur Akhmedov is a 27-year-old caught in the middle of one of history's largest divorce cases, between his father, billionaire Russian oligarch Farkhad Akhmedov, and his mother, Tatiana Akhmedova.

Akhmedova is suing her son for allegedly working with his father to conceal assets so he could avoid paying a $596 million divorce settlement. She is suing for nearly $100 million, as reported by the Financial Times, and has divorce cases open in at least six countries. 

In mid-November, Google was ordered by a US judge to hand over Temur's emails to see if he assisted his father in transferring assets. 

This week, Temur's wealth took the stand in the UK, and he says a legal filing that he wasn't hiding assets, but lost $50 million from "risky" day-trading while a student at the London School of Economics. 

Akhmedova's legal team also claims that Temur received a £29 million ($38.6 million) apartment in  London's exclusive One Hyde Park when he was 19. 

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A superyacht in Dubai, an art collection worth $140 million, and a 27-year-old allegedly losing $50 million in "risky" day trading as a college student “” welcome to one of the largest divorce cases in the