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.

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 world.

The case has opened a window into the wealth of Temur Akhmedov, the 27-year-old son of Russian billionaire Farkhad Akhmedov and his ex-wife Tatiana Akhmedova, who is accusing Farkhad of not paying out a nearly $600 million divorce settlement.

Akhmedova is pursuing the settlement in at least six countries, including the US, and claims her husband transferred assets to Temur to avoid paying the settlement. She is seeking nearly £70 million ($93 million) from Temur, as reported by the Financial Times.

Assets previously disclosed in these cases include the superyacht and art collection mentioned above, but the day trading is new.

Temur's legal team contests the allegations made by his mother.

Temur says he wasn't hiding money from his mom - he lost nearly $50 million day trading instead

Temur's wealth took the stand in the UK this week, and he's denying that he hid $50 million from his mother He claims in legal filings that he actually lost it making "risky" day trades while he was a student at the London School of Economics, and his mother knew about these losses at the time.

"That the sums were astronomical is nothing to the point," Temur's attorney, Robert Levy, wrote in the filing. "Some of the extremely rich lavish their children with unimaginable sums. That is what Farkhad and Tatiana did during their marriage."

Another example of this lavishing is the £29 million ($38.6 million) apartment that Temur received in London's exclusive One Hyde Park when he was 19, Akhmedova's legal team revealed.

Temur's role in preventing the divorce payout stems back to as early as 2015, Akhmedova claims, before the initial divorce ruling was made in 2016.

When presenting evidence at the start of the trial, Akhmedova was asked why she was suing her eldest son, rather than her youngest, Edgar, who had also received money from his father.

She responded: "It was obvious to me that Temur played an active role in siding with my ex about the divorce and trying to hide assets and doing many more other things.

"Edgar was never actively involved. If anything, sometimes he was manipulated and [pressurized] into siding with my ex and Temur and they are continuing this."

Back in 2016, Akhmedova was awarded 41.5% of Farkhad Akhmedov's billion-dollar fortune, but he has refused payment, stating they had already divorced 20 years prior.

In mid-November, Google was ordered by a US judge to hand over Temur's emails to see if he assisted his father in the transferring of assets. A representative for the son told Bloomberg the suit was an attempt to "to find 'evidence' against him which simply does not exist."

"As a result of this latest Google hearing, Temur hopes his mother and her backers will enjoy reading the contents of his old high school email account," the representative told Bloomberg.

Representatives for Temur Akhmedov and Tatiana Akhmedova didn't immediately respond to Business Insider's requests for comment.