MIKHAIL PROKHOROV • Net Worth $11 billion • House • Yacht • Private Jet • Onexim

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

Who is Mikhail Prokhorov?

Mikhail Prokhorov, born in May 1965, is a renowned Russian billionaire oligarch known for his diverse business ventures, including ownership of the Brooklyn Nets basketball team.

Key Takeaways:

  • Mikhail Prokhorov is a Russian billionaire oligarch with diverse business interests, including Norilsk Nickel and the Brooklyn Nets.
  • He has made significant contributions to the global precious metals industry.
  • Prokhorov’s involvement in sports, politics, and the fertilizer industry reflects his multifaceted business approach.
  • His philanthropic efforts focus on cultural development and promotion.
  • Prokhorov’s net worth of $11 billion signifies his impact in various business sectors.
  • He was the owner of the PALLADIUM Yacht, which he sold to Dennis Washington.

Early Career and Financial Success

After graduating from the Moscow Finance Institute, Prokhorov made significant strides in the financial sector. He became a prominent figure in the precious metals industry, particularly through his leadership at Norilsk Nickel, one of the largest producers of nickel and palladium globally.

Brooklyn Nets and Sports Ventures

Prokhorov’s venture into sports was marked by his acquisition and subsequent sale of a significant share in the Brooklyn Nets, showcasing his diverse investment interests. His stake in the team and the Barclays Center was partially sold to Alibaba co-founder Joseph Tsai, reflecting his strategic business maneuvers.

Norilsk Nickel and Global Mining Influence

Under Prokhorov’s guidance, Norilsk Nickel established itself as a global leader in nickel and palladium production. Prokhorov also played a critical role in Polyus Gold, Russia’s largest gold producer, further solidifying his status in the mining sector.

Political Aspirations

Prokhorov’s foray into politics, including his candidacy in the 2012 Russian presidential election, highlights his influence and ambition beyond the business realm.

Significant Business Transactions

In a notable transaction, Prokhorov sold a major stake in Norilsk Nickel to RUSAL, controlled by Oleg Deripaska, receiving a significant cash sum and RUSAL stock, marking a pivotal moment in his career.

Expansion into Fertilizer Industry

Prokhorov’s acquisition of a stake in Uralkali, a leading Russian potash fertilizer producer, from Suleiman Kerimov, signifies his continuous expansion into different sectors.

Philanthropy and Cultural Contributions

Prokhorov’s philanthropic efforts are evident through the Mikhail Prokhorov Foundation, focusing on cultural initiatives and promoting Russian culture globally.

Net Worth and Personal Brand

With a net worth estimated at $11 billion by Forbes, Prokhorov is a testament to successful business strategies and savvy investments.

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Mikhail Prokhorov

Mikhail Prokhorov

AV Yacht • Blohm and Voss • 2010 • owner Mikhail Prokhorov

M-RBUS -A319 - Mikhail Prokhorov private jet

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 $11 billion.
  4. He sold 49% of the Brooklyn Nets to Alibaba co-founder Joe Tsai.
  5. He owns a 95-meter yacht named Palladium.
  6. The yacht has a crew of 33 and can accommodate 24 guests.
  7. He lost a US$ 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

Prokhorov yacht Palladium

He was the owner of the luxury yacht Palladium. Before Palladium he owned the yacht Solemar.

He sold Palladium to Dennis Washington. The superyacht is now named the AV Yacht.

The yacht AV (ex: PALLADIUM) was built at Blohm and Voss and has a length of 95 meters. She is designed by UK-based Michael Leach Design. Her top speed is 19 knots.

The AV yacht has an amazing interior by Michel Leach. The yacht can accommodate 24 guests in 12 cabins. She has a crew of 33.