Mikhail Prokhorov’s profile picture

Mikhail Prokhorov

Owner, Brooklyn Nets
Mikhail Prokhorov’s profile picture
Net worth 2018: $9.61 Billion
Industry: Investments
Residence: Moscow, USSR
Country: Russia
BirthDay: 3 May 1965
Sigh: Gemini
Height: 2.03 m
Education: Bachelor of Arts / Science, Moscow Institute of Finance
BIOGRAPHY

Mikhail Prokhorov was bornon 3 May 1965 in Moscow, USSR, Russia, is Owner, Brooklyn Nets. Mikhail Prokhorov is #164 in List Billionaires People In The World. Prokhorov owns 100% of the Brooklyn Nets and Barclays Center, worth an estimated $1.55 billion after debt. Much of his fortune stems from the 2008 sale of his stake in metals giant Norilsk Nickel. He has stakes in Russian aluminum, power, insurance, banking and media companies.

NET WORTH STATISTIC
2009

$9.5 Billion

2010

$13.4 Billion

2011

$18 Billion

2012

$13.2 Billion

2013

$13 Billion

2014

$10.9 Billion

2015

$9.9 Billion

2016

$7.6 Billion

2017

$8.9 Billion

2018

$9.61 Billion

TIMELINE
2017

On December 7, 2017 it was reported that Russian oligarch Prokhorov paid a Russian Olympic athlete millions of rubles in hush money not to reveal Russia’s elaborate doping scheme

2016

Onexim offices were raided by the Federal Security Service as well as tax department officials, in April 2016

2015

In July 2015, he rescinded the pledge, saying that NBA Commissioner Adam Silver had "taken his place" by marrying his fiancee in May

2014

In 2014, Prokhorov announced that he was considering moving control of his ownership in the Brooklyn Nets to one of his Russian-based subsidiaries, in an attempt to comply with Putin’s order, signed into law in 2013, that no Russian politicians should have foreign assets and equity, and that all Russian companies should be registered and pay tax locally

2012

While running for president in 2012, he made a number of promises if he was to be elected

2011

In December 2011, after the legislative elections, Prokhorov announced that he would contest the 2012 presidential election against Vladimir Putin as an independent

2010

On 2 March 2010, a court at Nice in France ruled that the villa's owner, 71-year-old Lily Safra, could keep the £36 million deposit, plus £1 million in interest

2009

In September 2009, Prokhorov was officially cleared from this charge and the court case was dismissed

2008

Prokhorov had run the Russian Biathlon Union from 2008 to 2014 and offered legal services to disqualified Russian biathletes

2007

At a Christmas party for the Russian nouveau riche at the French Alpine resort of Courchevel in January 2007, he was arrested on suspicion of arranging prostitutes for his guests

2006

In August 2006, he was awarded the Order of Friendship for his significant contribution to the growth of Russia's economic potential, when the President of the Russian Federation, Vladimir Putin, signed an order for the granting of state honors on 18 August 2006

2004

In March 2004, Prokhorov founded the Cultural Initiatives Foundation (as part of the Mikhail Prokhorov Foundation)

2003

In 2003, he oversaw the acquisition of Stillwater Mining, his first international venture

1996

In April 1996, Prokhorov was appointed to the Board of Directors of Norilsk Nickel (which then still belonged to the state)

1995

In November 1995, Onexim Bank won 38% of Norilsk Nickel in a loans-for-shares auction for US$170

1994

In 1994, Onexim became the depository and paying agent for Russian Treasury obligations, and in 1995, it became the authorized bank for the federal agency dealing with bankrupt enterprises

1993

In 1993, Prokhorov became the Chairman of the Board for Potanin's Onexim Bank, which, in 1993, became the paying agent for Finance Ministry bonds and a servicing bank for the City of Moscow's external economic activities

1992

Prokhorov held the post of Chairman of the Board from 1992 until 1993

1990

ONEXIM purchased a small bank, renaming it IFC (for the bank which Prokhorov had run in the early 1990s)

1989

From 1989–92, he worked in a management position at the International Bank for Economic Cooperation

1965

Mikhail Dmitrievitch Prokhorov (Russian: Михаи́л Дми́триевич Про́хоров, IPA: [mʲɪxɐˈil ˈdmʲitrʲɪjɪvʲɪtɕ ˈproxərəf]; born 3 May 1965) is a Russian billionaire, politician, and owner of the American basketball team the Brooklyn Nets

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