M ikhail Prokhorov is a towering Russian oligarch who made a vast fortune in the metals and mining industry during the tumultuous privatization of state assets in the post-Soviet era. He partnered with Vladimir Potanin, and together they gained control of Norilsk Nickel, one of the world's largest producers of nickel and palladium. Prokhorov served as the CEO and was instrumental in restructuring the massive industrial company.
In 2007, just before the global financial crisis, Prokhorov astutely sold his stake in Norilsk Nickel for a combination of cash and stock, a deal that netted him a massive windfall and insulated him from the worst of the market crash. He has since focused on managing his wealth through his private investment vehicle, Onexim Group. He is also well known internationally for his ownership of the Brooklyn Nets NBA team, which he bought in 2010 and sold in 2019 to Joseph Tsai. He also made a brief foray into Russian politics, running against Vladimir Putin in the 2012 presidential election.
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Mikhail Dmitrievich Prokhorov is a Russian businessman, the self-made billionaire Former Owner of the Brooklyn Nets (NBA) and a major figure in metals, mining, and finance. His career is rooted in metallurgy, strategic asset privatization, and high-profile political and sports ventures.
Prokhorov graduated from the Moscow Finance Institute (1989) with a degree in International Economic Relations. His philosophical approach centers on opportunistic acquisition, scale consolidation, and political influence (running for President of Russia in 2012). His structural wealth is tied to his immense stake in Norilsk Nickel (mining) and his successful exits from his industrial and sports assets.
Mikhail Prokhorov's strategic genius was his mastery of industrial privatization. He and his partner, Vladimir Potanin, founded the holding company Interros and acquired control of Norilsk Nickel (the world's largest nickel and palladium producer) in the mid-1990s. His structural contribution is immense: driving the privatization and globalization of Russia's industrial mining sector.
His public focus shifted to sports and politics. He acquired the New Jersey Nets (later Brooklyn Nets) in 2010 for $200 million, promising an NBA championship. In 2012, he ran for President of Russia, finishing third. He sold the Nets (at a massive profit) and his industrial assets to focus on private investment. His wealth is secured by the colossal liquid gains from the Norilsk Nickel and Nets sales.
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Graduates from the Moscow Finance Institute (Academic Achievement).
Acquires Norilsk Nickel with Vladimir Potanin (Industrial Apex).
Sells his stake in Norilsk Nickel (Major Exit 1).
Acquires the New Jersey Nets (NBA) (Sports Acquisition).
Runs for President of Russia (Political Apex).
Sells his remaining stake in the Brooklyn Nets to Joseph Tsai (Major Exit 2).
Continues as Founder and major private investor (Executive Oversight).
Mikhail Prokhorov's wealth is concentrated in the liquid capital generated from the Norilsk Nickel and Brooklyn Nets sales and his private investment firm, Onexim Group.
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Mikhail Prokhorov's social impact is structural, stemming from Norilsk Nickel's role as a massive industrial employer and foundational supplier of essential metals globally. His investment in the Brooklyn Nets provided a major civic asset for New York City. His personal philanthropy supports various educational and community initiatives (including the Mikhail Prokhorov Foundation).
His structural contribution is tied to the successful privatization and modernization of Russian industrial assets and his high-profile involvement in Russian politics.
Mikhail Prokhorov maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the global financial and sports sectors.
Residing in Russia, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to investment strategy, political influence, and sports patronage.
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-0% | -$0.03M
+0.17% | +$6.37M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
If you find any inaccuracies, please report them to admin@redcarpetlife.in
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