Mikhail Prokhorov



Mikhail Dmitrievitch Prokhorov (born 3 May 1965) is a Russian billionaire, politician, and owner of the American basketball team the Brooklyn Nets. After graduating from the Moscow Finance Institute, he worked in the financial sector and subsequently went on to become one of Russia's leading industrialists, owning major stakes in multinational corporations 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 the former President of Onexim Group. He resigned both positions to enter 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 candidate in the 2012 Russian presidential election. He was third in the voting, amassing 7.94% of the total vote. In June 2012 he declared the establishment of the new Russian political party called the “Party of Civic Platform”. As of 2017, Forbes esitmates his wealth at $8.9 billion.
 

Mikhail Prokhorov has divided his basketball club in the US

Business15.04.2018

The businessman sold a 49% stake in the Brooklin Nets club to Canadian-Taiwanese businessman Joseph Tsai.

Prokhorov completed a deal to sell shares to the NBA club co-founder Alibaba

Business13.04.2018

Mikhail Prokhorov completed the deal to sell 49% in the club of the National Basketball Association "Brooklyn Nets" co-founder of Alibaba Group.

Abramovich, Prokhorov and Vekselberg told all the american prosecutors

Society06.04.2018

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.

Prokhorov and Gref wrote Makron a letter in defense of Kerimov

Society04.12.2017

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.

Alibaba comes to Brooklyn Nets

Business30.10.2017

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.

Vekselberg and Prokhorov played an aluminum trick on Deripaska

Business12.10.2017

The oligarchs sold a 3% stake in Rusal which could complicate the IPO of Deripaska's En+ in December.

Vekselberg and Prokhorov sold shares of UC Rusal for $315 million

Business11.10.2017

The deal was conducted with a discount of 7.5% from the market price of these securities.

Why Mikhail Prokhorov can no longer increase his fortune

Business23.08.2017

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.

Why Mikhail Prokhorov is now an American businessman

Business21.08.2017

After the sale of assets, most of the projects of the businessman are in the United States.

ONEKSIM says goodbye to Rusal

Business15.08.2017

Mikhail Prokhorov may abandon the ranks of the company's shareholders by November.

Viktor Vekselberg and his partners acquired 7% of UC Rusal

Business14.08.2017

Perhaps now they will seek to sell the blocking stake in Norilsk Nickel.

Mikhail Prokhorov hands out aluminum

Business11.08.2017

The businessman sold 7% of Rusal to Viktor Vekselberg.

Hard cash: what will happen to Prokhorov's money after the sale of a stake in Brooklyn Nets

Business31.07.2017

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.

RBC and Rosneft entered into an amicable agreement

Society27.06.2017

After the change of the owner of the media holding, the parties settled the conflict.

The most expensive planes of Russian oligarchs

Business26.06.2017

What the Russian oligarchs use to move their bodies around the world.

How Grigory Berezkin's business is organized and why he needs mass media

Business19.06.2017

Media ownership is a way to get information faster and be in a trend, the businessman believes.

Which Russian oligarch's yacht is longer?

Business05.06.2017

What yachts the Russian oligarchs have. 

When length matters

Society23.05.2017

How Roman Abramovich, Alisher Usmanov and other Russian billionaires buy and sell luxury yachts.

From Kerimov to Potanin: 10 billionaires who received the most cash in 2016

Business27.02.2017

Sale of assets and dividends earned them about $12.4 billion of revenues in 2016. 

Onexim has sold 3.32% stake in UC Rusal for $240 million

Business15.02.2017

Discount to the closing price on the Hong Kong Stock Exchange amounted to 9%.

Minority shareholders of Rusal threaten to block the additional issue

Business10.02.2017

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.

Prokhorov is in no hurry to sell the stake in UC Rusal

Business06.02.2017

The deal with Sual Partners if Viktor Vekselberg and Leonard Blavatnik may never happen. 

Who Framed Yevgeny Dod

Business02.12.2016

Top manager Andrey Rappoport deceived Anatoly Chubais, but stumbled on trying to do the same with Igor Sechin.

Hello, America

Business01.11.2016

How Mikhail Prokhorov became an American billionaire.

Mikhail Prokhorov will sell 12% of UC Rusal for $700 million

Business27.10.2016

The package will be bought by the co-owner of the company, Sual Partners owned by Viktor Vekselberg and Leonard Blavatnik.

Vekselberg was involved in a conflict with Putin's oligarchs

Business03.10.2016

Viktor Vekselberg's move with Rusal crossed the road of Timchenko and Rotenberg.

Rusal puzzled its creditors

Business30.09.2016

The company asked to approve the payment of dividends.

"The Phantom Menace" to Deripaska

Business15.08.2016

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.