Category: Finance | Title: Mikhail Prokhorov Net Worth, Business Ventures, and Political Career | Tag: Finance | Meta Description: Mikhail Prokhorov net worth, business history, and political career facts, including Onexim Group and the Brooklyn Nets...
Mikhail Prokhorov Net Worth and Business Background
Mikhail Prokhorov is a Russian-born billionaire and former candidate for the presidency of Russia. He built his wealth through metals and mining investments, and he remains one of the most recognized figures in Russian business and finance Forbes.
Prokhorov co-founded Onexim Group, a conglomerate with holdings in metals, mining, banking, and real estate. He served as the chairman of the board of directors of Norilsk Nickel, one of the world's largest producers of palladium and nickel Norilsk Nickel.
Mikhail Prokhorov's Major Business Ventures
Prokhorov was the former owner of the Brooklyn Nets, a professional basketball team in the National Basketball Association. He purchased the team and the Barclays Center operating rights in 2010 for a reported $200 million NBA.
He later sold his stake in the Nets in 2019, exiting the NBA ownership role. His business portfolio also included significant stakes in Russian aluminum and precious metals, as well as investments in banking and real estate development through Onexim Bloomberg.
Mikhail Prokhorov's Political Career and Public Life
Prokhorov ran as an independent candidate in the 2012 Russian presidential election, finishing third with roughly 8 percent of the vote. He positioned himself as a liberal alternative, promising anti-corruption reforms and greater business freedom Reuters.
After the election, he left Russia and focused on international business and philanthropic activities. He has remained a vocal commentator on Russian economic policy and geopolitics, often speaking about the impact of sanctions and state control on private enterprise.