Wealth
Russian Billionaire to Lose $492 Million Yacht in Divorce
- Judge orders Farkhad Akhmedov to transfer ownership to wife
- Akhmedov’s boat, built for Abramovich, impounded in Dubai
Farkhad Akhmedov’s yacht in the Mugla Province of Turkey on Aug. 16, 2017.
Photographer: Ali Balli/Anadolu Agency via Getty Images
A London court ordered the seizure of a luxury $492 million yacht owned by a Russian billionaire as judges sought to enforce one of the largest divorce payouts in U.K. history.
The court ruled that Farkhad Akhmedov should transfer ownership of the 115-meter (380-foot) MV Luna, currently impounded in a dry dock in Dubai, to his wife, Tatiana Akhmedova. The judge granted the order to uphold his earlier 453.5 million-pound ($646 million) judgment.