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.
 

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.

Vekselberg will cheaply buy up Prokhorov's "financial club"

Business11.07.2016

"The bank of oligarchs" has actually lost one oligarch.

Mikhail Prokhorov sells out all Russian assets

Business04.07.2016

This decision has been finally made after searches in Onexim. 

Rucompromat review for May 30 — June 3

Reviews12.06.2016

Meanwhile in Russia the FSB and other law enforcement agencies all of a sudden have started a crackdown on glided youth and some high-ranking officials

Key executives quitted RBC

Business13.05.2016

RBC is left by the chief editor Yelizaveta Osetinskaya, the chief editor of the RBC newspaper Maxim Solyus, as well as the chief editor of the RBC news agency Roman Badanin, as reported the medie holding belonging to billionaire Mikhail Prokhorov in the afternoon of 13 May. Today is their last day of work at the holding, the report said.

How loser Prokhorov was milked: from trickster Vladimir Yakovlev to rogue Derk Sauer

Business06.05.2016

The oligarch's brain was replaced by friendship with Valentin Yumashev.

Prokhorov's ceiling: whether the billionaire could earn on the Brooklyn Nets

Business21.08.2015

Mikhail Prokhorov has built the club with the highest salaries in the NBA. But he hasn't achieved sporting success during the five years of ownership of the Brooklyn Nets.

Mikhail Prokhorov told about the $400 million investment in the Brooklyn Nets

Business16.07.2015

Investments can be very profitable: now the club is estimated at $1.5 billion.

Management of Uralkali gets rid of minority shareholders

Business15.05.2015

Experts saw possible manipulations and violation of the rights of minority shareholders behind the repurchase of shares of Uralkali. 

Billionaires and crisis: how the Forbes list has changed over the year

Business16.04.2015

The combined wealth of 200 richest businessmen of Russia decreased by $73 billion, while the number of billionaires fell to 88 from 111.

How the creditors of Svyaznoy ended up in a trap

Business16.02.2015

Why Maxim Nogotkov's attempts to transfer Svyaznoy Group to a new owner fail again and again? It seems, that even having agreed on one version, he never ceases to look for more profitable deal. But the delay reduces the cost of the retail chain.