The businessman sold a 49% stake in the Brooklin Nets club to Canadian-Taiwanese businessman Joseph Tsai.
Mikhail Prokhorov completed the deal to sell 49% in the club of the National Basketball Association "Brooklyn Nets" co-founder of Alibaba Group.
The US authorities questioned about at least two Russian oligarchs interfering in the American elections. According to Flightradar, in March, planes of Roman Abramovich, Viktor Vekselberg and Mikhail Prokhorov were boarding in New York.
Thirteen Russian knights of the Order of the Legion of Honor spoke in support of Senator Suleiman Kerimov, who in France is accused of tax evasion and money laundering.
The tallest Russian oligarch (204 centimeters) withdraws to cash from all his projects. NBA club Brooklyn Nets is no exception: the share of Mikhail Prokhorov is smaller than the Alibaba Group founder's Joseph Tsai.
The oligarchs sold a 3% stake in Rusal which could complicate the IPO of Deripaska's En+ in December.
The deal was conducted with a discount of 7.5% from the market price of these securities.
The owner of Onexim Group will no longer be able to conduct business in Russia, and no one will be let the "genius businessman" earn in the West.
After the sale of assets, most of the projects of the businessman are in the United States.
Mikhail Prokhorov may abandon the ranks of the company's shareholders by November.
Perhaps now they will seek to sell the blocking stake in Norilsk Nickel.
The businessman sold 7% of Rusal to Viktor Vekselberg.
The money Mikhail Prokhorov received from the sale of assets, has not been invested in other projects so far, which means that most of his fortune is now in cash. Forbes estimated how much cash the Russian billionaire has accumulated.
After the change of the owner of the media holding, the parties settled the conflict.
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Media ownership is a way to get information faster and be in a trend, the businessman believes.
What yachts the Russian oligarchs have.
How Roman Abramovich, Alisher Usmanov and other Russian billionaires buy and sell luxury yachts.
Sale of assets and dividends earned them about $12.4 billion of revenues in 2016.
Discount to the closing price on the Hong Kong Stock Exchange amounted to 9%.
Oleg Deripaska's UC Rusal may face a conflict around shares: according to Bloomberg, the company intends to issue new shares and place 20% of shares on the stock exchange in London. But minority shareholders, including Viktor Vekselberg, Mikhail Prokhorov and Glencore, are threatening to block it.
The deal with Sual Partners if Viktor Vekselberg and Leonard Blavatnik may never happen.
Top manager Andrey Rappoport deceived Anatoly Chubais, but stumbled on trying to do the same with Igor Sechin.
How Mikhail Prokhorov became an American billionaire.
The package will be bought by the co-owner of the company, Sual Partners owned by Viktor Vekselberg and Leonard Blavatnik.
Viktor Vekselberg's move with Rusal crossed the road of Timchenko and Rotenberg.
The company asked to approve the payment of dividends.
Billionaire Viktor Vekselberg offered $1 billion to Mikhail Prokhorov for 17% of the shares of "Rusal". Experts suspect that the "buyer" wants to squeeze out another owner of "Rusal", Oleg Deripaska.