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Superyacht Solemar

Superyacht Solemar was built by Amels in 2003. Before completion she was sold, reportedly to Russian billionair Mikhail Prokhorov. In 2011, the 94 meter superyacht Palladium was delivered to Mr. Prokhorov, making the 62 meter yacht Solemar his ‘smallest’ yacht. Solemar was designed by Michael Leach. She is powered by twin Caterpillar Engines.

Mikhail Dmitrievitch Prokhorov

Mikhail Dmitrievitch Prokhorov (born 3 May 1965) is a Russian billionaire entrepreneur and owner of the American basketball team, the New Jersey 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 currently chairman of Polyus Gold, Russia's largest gold producer, and President of ONEXIM Group.

In 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.

Prokhorov is the third richest man from Russia and the 39th richest man in the world according to the 2010 Forbes list with a fortune estimated at $18 billion as per the Forbes Billionaire List.

In April 2008, Prokhorov sold his most valuable asset - a 25% plus two shares stake in Norilsk Nickel - to United Company RUSAL, another mining conglomerate controlled by fellow billionaire Oleg Deripaska, in exchange for some 14% of Rusal stock, about $5 billion in cash and an obligation to pay over $2 billion more.

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