MIKHAIL PROKHOROV – Net Worth $ 11 billion – Owner of the yacht Palladium

Name:Mikhail Prokhorov
Net Worth:$ 11 billion
Source of Wealth:ONEXIM Group
Born:3 May 1965
Country:Russia
Spouse:n/a
Children:n/a
Residence:Villefranche-Sur-Mer, France
Private Jet:Airbus A319 (M-RBUS)
YachtPalladium


Who is Mikhail Prokhorov?

He is a Russian billionaire oligarch. He was owner of the Brooklyn Nets basketball team. He was born in May 1965. In 2018 he sold 49% of the Brooklyn Nets and Barclays Center to Alibaba co-founder Joseph Tsai.  He owns the New Jersey Nets through his Onexim Sports and Entertainment Holding.

After graduating from the Moscow Finance Institute Prokhorov made his name in the financial sector in Russia. He became one of Russia’s leading industrialists in the precious metals sector.

He was a candidate of the 2012 Russian presidential election.

Norilsk Nickel

His Norilsk Nickel became the world’s largest producer of nickel and palladium. Until he entered Russian politics in 2011 he was chairman of Polyus Gold. Polyus Gold is Russia’s largest gold producer. He also became President of ONEXIM GroupIn April 2008 the Russian oligarch sold his most valuable asset. A 25% plus two shares stake in Norilsk Nickel. He sold the company to RUSAL. RUSAL is a mining conglomerate controlled by fellow billionaire Oleg Deripaska.

Prokhorov received 14% of Rusal stock. And about US$ 5 billion in cash. And a promise to receive US$ 2 billion more.

Uralkali

In 2013 Prokhorov acquired a 21% stake in Uralkali from Suleiman Kerimov. Uralkali is a Russian potash fertilizer producer and exporter. It has 11,000 employees.

Philanthropy

In 2004 Prokhorov founded The MikhailProkhorov Foundation. The foundation is a private charity. It is supporting and developing new cultural institutions and initiatives in Russia.

The foundation also promotes Russian culture in the global intellectual community.  

Mikhail Prokhorov Net Worth

In May 2019 Forbes estimated his net worth at US$ 10 billion. Prokhorov has his own website.

Mikhail Prokhorov

Mikhail Prokhorov


yacht Palladium - 95m - Blohm + Voss


M-RBUS -A319 - Mikhail Prokhorov

10 Facts About Mikhail Dmitrievitch Prokhorov you probably didn’t know

  1. He founded Norilsk Nickel, the world’s largest producer of nickel and palladium.
  2. He sold his shares for more than US$ 7 billion.
  3. His net worth is now US$ 10 billion.
  4. He sold 49% of the Brooklyn Nets to Alibaba co-founder Joe Tsai.
  5. He owns a 95 meter yacht named Palladium.
  6. The yacht has a crew of 33 and can accommodate 24 guests.
  7. He lost a US$ 50 million down-payment when planning to buy a villa.
  8. He showed his ‘oligarch lifestyle’ to US tv host Stephen Colbert.
  9. His The Mikhail D Prokhorov Foundation is a private charity supporting and developing cultural initiatives in Russia.
  10. He owns a US$ 70 million Airbus A319 private jet (M-RBUS).

Prokhorov House