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.
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 Group. In 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.
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.
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.