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Mikhail Prokhorov
Mikhail Prokhorov Net Worth is $18 Billion. 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 st. Mikhail Dmitrievitch Prokhor...

Mikhail Prokhorov Net Worth is $18 Billion.

Mikhail Prokhorov Net Worth is $18 Billion. 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 st Mikhail Dmitrievitch Prokhorov 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 est...
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Mikhail Prokhorov Latest News

The Rise of the East European Billionaires

Just a generation ago they didn’t even exist. Their rise—and sometimes fall—tells the story of a region’s transformation.
Posted: December 20, 2019, 6:00 pm

Sean Marks: ‘We’re going to be a tax team. We’re married to that’

In a feature on DeAndre Jordan, Malika Andrews of ESPN got Sean Marks to admit to what fans and pundits had speculated: the Nets are willing to pay the luxury tax if it means they can contend for a ...
Posted: January 14, 2020, 5:53 am

How David Stern guided the Nets on the road to Brooklyn

Although Bruce Ratner, then Mikhail Prokhorov executed the plan, it was Stern who saw the Nets future in New York. Starting in 1996, when he subtly engineered a change in territorial rights permitting ...
Posted: January 1, 2020, 8:54 pm

Nets’ DeAndre Jordan forced to exit game with injured finger

But we don’t want to see ratings go down globally. We need the NBA games to be back on TV in China.” While former owner Mikhail Prokhorov was a rarity at games and never sat courtside, Tsai frequently ...
Posted: January 16, 2020, 12:19 am

Joe Tsai: ‘NBA is working to get our relationship with China back on track’

The Nets owner, who paid a record $3.4 billion for the Nets and Barclays Center, spoke as well about other aspects of owning the team, starting with why he sits courtside, unlike his predecessor, ...
Posted: January 16, 2020, 9:06 pm
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