Mikhail Prokhorov Biography: Age, Wife, Net Worth, Height, Wikipedia, Children

Mikhail Prokhorov is a notable Russian oligarch and politician known for his wealth.

He amassed much of his fortune through the controversial loans-for-shares privatization scheme, which led to his acquisition of Norilsk Nickel.

Prokhorov later established ONEXIM Group. From 2010 to 2019, he owned the Brooklyn Nets basketball team.

In 2012, he ran for president of Russia, securing third place with nearly 8% of the vote. In 2022, Prokhorov immigrated to Israel, where he acquired citizenship.

Profile

• Full Name: Mikhail Dmitrievich Prokhorov
• Stage Name: Mikhail Prokhorov
• Born: May 3 1965
• Age: 59 years old
• Birthplace: Moscow, Russian SFSR, Soviet Union
• Nationality: Israeli–Russian
• Occupation: Russian oligarch and politician
• Height: 2.03 m
• Parent: Dmitri Prokhorov ,Tamara Prokhorova
• Siblings: Irina Prokhorova
• Spouse: Unknown
• Children: Unknown
• Relationship: Unmarried
• Net Worth: $18.4 billion

Early Life And Education

Mikhail Dmitrievich Prokhorov was born on May 3, 1965, in Moscow, Russian SFSR, Soviet Union, to Tamara and Dmitri Prokhorov.

He has one older sister, Irina. Prokhorov graduated from the Moscow Finance Institute in 1989, earning a degree in International Economic Relations. He is of Russian ethnicity and identifies as an atheist.

Career

Mikhail Prokhorov’s rise to wealth began in the early 1990s when he partnered with Vladimir Potanin to manage the holding company Interros.

This partnership led to the controversial 1995 acquisition of Norilsk Nickel through the loans-for-shares privatization program, where state-owned assets were sold at significantly reduced prices.

Prokhorov and Potanin used this opportunity to gain control of the company, making it the world’s largest producer of nickel and palladium. Prokhorov eventually sold his stake in 2007 for $7.5 billion.

Prokhorov’s financial success expanded beyond Norilsk Nickel. He helped establish MFK, a government depository institution that acquired Soviet assets worth hundreds of millions of dollars.

He also played a key role in securing 38% of Norilsk Nickel at a loans-for-shares auction in 1995, buying it for just $170.1 million. By his departure, his wealth had significantly grown, and his financial influence continued to expand in various sectors.

In addition to his business ventures, Prokhorov invested in several international projects. He owns two private hospitals in Israel and has funded medical treatments for friends.

Through his foundation, Prokhorov also supported Russian sports, particularly CSKA Moscow’s basketball, hockey, and football clubs.

He later became involved in the sports world on a global scale by purchasing a controlling stake in the New Jersey Nets basketball team in 2009, making him the first non-North American owner in NBA history.

Prokhorov’s political ambitions led him to run for the presidency of Russia in 2012 as an independent candidate.

Though he finished third with nearly 8% of the vote, his candidacy was viewed with scepticism, with some claiming it was a Kremlin manoeuvre to divide liberal votes.

He later formed the Civic Platform party, but his political involvement was short-lived as internal conflicts led him to resign in 2015.

In the years following his political attempt, Prokhorov focused on his business ventures. In 2019, he sold his remaining stake in the Brooklyn Nets, making a substantial profit.

He also became a major investor in Sensorium Corp, a virtual reality company. By 2021, his net worth was estimated at over $14 billion, cementing his place as one of Russia’s wealthiest and most influential figures.

Social Media

• Instagram handle: @mikhailprokhorov

Personal Life

Mikhail Prokhorov has never been married but has been engaged twice.

He once humorously pledged to marry if the Brooklyn Nets did not win an NBA championship within five years, a promise he later rescinded.

Despite his prominence as a billionaire and businessman, Prokhorov keeps his personal life private and has no children.

Net Worth

According to the Bloomberg Billionaires Index, Mikhail Prokhorov’s net worth is estimated at $18.4 billion, while Forbes lists it at $11 billion, ranking him 214th globally.

His wealth comes from investments in metals, banking, and his former ownership of the Brooklyn Nets.