Mikhail Prokhorov is the former owner of the Brooklyn Nets, the NBA’s highest-paid team. In addition, he is a politician, an oligarch and a self-made billionaire. In addition, he is the former president of Polyus Gold, Russia’s largest gold producer.
While at the helm of Norilsk Nickel, he also helped the company become the world’s largest producer of nickel and palladium. In 2011, he left those two positions as president of Onexim Group to pursue a career in politics.
Fast facts
| Famous name: | Mikhail Prokhorov |
| Real name/Full name: | Mikhail Dmitrievich Prokhorov |
| Sex: | Male |
| Age: | 57 years old |
| Date of birth: | May 3, 1965 |
| Birth place: | Moscow, Russia |
| Nationality: | Russian |
| Height: | 1.87 m |
| Weight: | 81 kg |
| Sexual orientation: | Straight |
| Marriage status: | Single |
| Wife/spouse (name): | ON |
| Children/children (son and daughter): | Not |
| Date/Girlfriend (Name): | Not |
| Is Mikhail Prokhorov gay?: | Not |
| Profession: | Politician |
| Salary: | ON |
| Net worth in 2023: | 14 billion dollars |
Biography of Mihail Prokhorov
Tamara Prokhorova and Dmitri Prokhorov welcomed their son, Mikhail Dmitrievich Prokhorov, on May 3, 1965. Mihail is the younger son of his parents, and he also has an older sister, Irina Prokhorova.
His father was a trained lawyer who handled international relations for the Soviet Committee for Physical Culture and Sports. His mother, Tamara Prokhorov, was a chemical engineer at the Institute of Chemical Engineering.
Mikhail graduated from the Moscow Financial Institute in 1989 and later worked in a management position at the International Bank for Economic Corporation. Shortly thereafter, he was also the president of the Management Board of MFK banka.
Prokhorov co-founded United Export-Import Bank with Vladimir Potanin, whom he met while working at IBEC. He was the president while his partner was the president.
Mikhail Prokhorov Age, height, weight
Mikhail Prokhorov was born on May 3, 1965, and is 57 years old as of 2023. He is 1.87 m tall and weighs 81 kg.
Mikhail Prokhorov
Career
By 1997, UNEXIM took control of Norilsk after the Russian government failed to repay a loan that UNEXIM auctioned off. This loan auction became the ‘loans for shares’ program, which earned Prokhorov the title of oligarch, giving him and a few others control over the Russian economy.
However, this did not last long and the government paid the entire loan in 1998. By 2000, UNEXIM was also merged with another bank.
However, in 2001, Prokhorov took over as director of the Norilsk company, which he transformed during his tenure into the world’s largest producer of nickel and palladium. But in 2007, he resigned, and it was speculated that it was because of the prostitution scandal in which he was involved.
However, the court declared him innocent. In 2011, he entered politics, becoming the leader of the Russian liberal party Prava Svaya. Then he decided to run for president against the new prime minister and former president Vladimir Putin.
In 2018, he made headlines when he sold 49 percent of his stake in the Brooklyn Nets to Joseph Tsai, a Taiwanese-Canadian businessman. This company later bought all of Prokhorov’s remaining shares, making him the former owner of the team.
Achievements and awards of Mihail Prokhorov
In 2006, Prokhorov was awarded the Order of Friendship for his contribution to the expansion of Russia’s economic potential. In 2011, French Ambassador Jean de Gliniasty awarded him the French Legion of Honor.
Mihailo Prokhorov’s net worth in 2023
Mikhail Prokhorov is said to have a net worth of $14 billion as of October 2023, most of which he earned during the collapse of the Soviet Union by buying stock from then-state-owned corporations through his ‘loan-for-stock’ program. Prokhorov is the 148th richest person in the world thanks to his wealth.
Mikhail Prokhorov established himself as a well-known financial sector worker, businessman and politician by co-founding a bank, making Narilsk and Polyus Gold the largest producers of its kind under his leadership, and by co-founding his national political party, Civic Platform.
With all the success he has achieved with his wit and complex words, he is now being called a self-made billionaire. He is currently known as one of the leading Russian industrialists.
Mikhail Prokhorov Wife, marriage
According to various sources, Mikhail Prokhorov was never married, but was engaged twice. He has no children either. We can currently report that he is trying to establish himself as a politician.
Categories: Biography
Source: HIS Education