Mikhail Prokhorov Net Worth is$18 Billion
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Profession: Businessperson, Investor
Date of Birth: May 3, 1965
Country: Russia
Mikhail Prokhorov is a Russian entrepreneur who has a net worth $18 billion. Not a bad pile of cash for the 44 year-old bachelor. He made his money the new-fashioned Russian way, "acquiring" the formerly state-owned Norilsk Nickel and turning the company into a massive global energy conglomerate. Since selling his stake in Norilsk in 2007, Prokhorov has bounced around the world in private jets investing in hot ladies, the Russian basketball team CSKA and the investment bank Renaissance Capital. He's also honing his skills as an avid kickboxer and biathlon champion. Some of you might remember Mikhail from his infamous 2007 Christmas party in the French Alpine town of Courcheval. Our man was detained by French police for four days after allegations that he imported Russian prostitutes for his pals. He was released without charges. More recently, Prokhorov offered to buy Villa Leopolda, a 20 acre estate on the French Riviera built by Belgian King Leopold II of Belgium. After throwing down a $55 million deposit for the $750 million sale price, he got cold feet and walked away. That's right, he lost his $55 million deposit. No worries, there's still plenty of cash to go around. Rumor has it that Russia's richest man wants to buy America's 20th best basketball team! Nickel magnate Mikhail Prokhorov has confirmed via blog post that he has offered to pick up the tab for the New Jersey Nets new Brooklyn stadium in exchange for a majority ownership in the team. Reports are that the deal is worth $700 million. He shares ownership of the Brooklyn Nets (formally the New Jersey Nets) with real estate developer Bruce Ratner and entrepreneur and hip hop artist Jay-Z.
Mikhail Dmitrievitch Prokhorov (Russian: ?????? ?????????? ??o?????; born 3 May 1965) is a Russian billionaire and owner of the American basketball team, the Brooklyn Nets. After graduating from the Moscow Finance Institute he made his name in the financial sector and went on to become one of Russia's leading industrialists in the precious metals sector. While he was running Norilsk Nickel, the company became the world's largest producer of nickel and palladium. He is the former chairman of Polyus Gold, Russia's largest gold producer, and former President of ONEXIM Group. He resigned both positions when he entered politics in June 2011.
In December 2011, Prokhorov capped a year of higher-profile political activity in Russia with the December declaration that he would run as an independent in the 2012 presidential elections. Russian prime minister and former president Vladimir Putin was the favorite in the race at the time of Prokhorov's announcement. In June 2012 he declared the establishment of new political party "Party of Civic Platform".
He is the seventh richest man from Russia and the 57th richest man in the world according to the 2012 Forbes listing with a fortune estimated at US$13.2 billion.
Prokhorov was born in Moscow, the son of Tamara and Dmitri Prokhorov. He has one sibling, an elder sister, Irina. His maternal grandmother, Anna Belkina, was a prominent microbiologist who during the war stayed in Moscow to make vaccines while Tamara was moved east to safety. Prokhorov's father's parents were relatively wealthy kulaks but "his father lost everything and was forced to flee from one part of Siberia and restart life in another". Dmitry was trained as a lawyer and handled international relations for the Soviet Committee of Physical Culture and Sport. Tamara was a materials engineer at the Institute for Chemical Machine-Building. In his job, Dmitri had the rare privilege of traveling abroad. Tamara worked as an engineer for a research group at the i

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Mikhail Prokhorov Latest News

Ric Bucher: Is Mikhail Prokhorov ready to sell?

Ric Bucher thinks he sees evidence that Mikhail Prokhorov is interested in selling the team, rather than selling a piece of it: The Nets reported willingness to trade Deron Williams, Joe Johnson and/or Brook Lopez. "Teams around the league say they haven't ...
Posted: December 15, 2014, 6:44 pm

Jay-Z Got 99 Problems But The Nets Ain't One: Fans React To Rap Mogul's Departure

That's Russian billionaire Mikhail Prokhorov. His U.S.-based company owns the Brooklyn Nets basketball team, seen here visiting Moscow in 2010. Prokhorov told reporters this week he plans to move the company that own the Nets to Russia. Fans outside ...
Posted: December 18, 2014, 5:58 pm

These 15 Russian Billionaires Lost a Total of $8.65 Billion in 48 Hours

6. Alexey Mordashov – $996.7 million lost (new net worth: $10.6 billion). 7. Mikhail Prokhorov – $411.1 million lost (new net worth: $10.4 billion). 8. Dmitry Rybolovlev – $150.1 million lost (new net worth: $9.8 billion). 9. Leonid Mikhelson – $ ...
Posted: December 16, 2014, 12:00 am
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