Mikhail Prokhorov, a name that has become synonymous with success and influence in the business world, began his career in the late 1980s, a time of significant economic transformation in the Soviet Union. Born into a family of engineers, Prokhorov’s entrepreneurial spirit was evident from an early age. He started his first business, a cooperative that traded computers, in 1987, at the age of 24. This venture laid the foundation for his future endeavors and marked the beginning of his journey towards becoming one of Russia’s wealthiest and most influential individuals.

Prokhorov’s rise to fame and fortune can be attributed to his strategic investments in the mining and metals industry. In the early 1990s, he co-founded Norilsk Nickel, one of the world’s largest producers of nickel and palladium. His leadership and astute business acumen helped the company grow exponentially, making him a billionaire by the late 1990s. Prokhorov’s success in the business world also extended to other sectors. He founded Onexim Group, a global investment company, and became the majority owner of the Brooklyn Nets, an NBA team, further cementing his status as a prominent figure in both the Russian and American business landscapes.

Mikhail Prokhorov’s Current Net Worth

As of 2025, Mikhail Prokhorov’s current net worth is estimated to be around $10 billion, according to Forbes. This places him among the wealthiest individuals in Russia and the world.

Career

Prokhorov is a Russian billionaire with a career spanning over two decades. He co-founded Onexim Group, a Russian investment company, in 1993. In 2008, he became the majority owner of the New Jersey Nets, an American basketball team, and later served as the team’s governor until 2015. He also made a run for the Russian presidency in 2012.

Other Ventures

Prokhorov’s business interests are diverse. He is the majority owner of the Bank of Moscow and has investments in the technology, media, and telecommunications sectors. He also owns a significant stake in Polyus, a Russian gold mining company. In addition, Prokhorov has invested in renewable energy projects, including wind farms in Russia.

Assets

Prokhorov’s assets include a significant stake in Onexim Group, a controlling stake in Polyus, and a substantial real estate portfolio in Russia and the United States. He also owns a private jet and a luxury yacht. Prokhorov’s most valuable asset, however, is his 44% stake in the Bank of Moscow, valued at over $5 billion as of 2021.

Annual Income

Prokhorov’s annual income is primarily derived from his investments and business ventures. According to Forbes, his net worth increased by $1.5 billion between 2020 and 2021, indicating an annual income of over $1.5 billion during that period. However, his exact annual income can vary significantly from year to year depending on the performance of his investments and businesses.

Frequently Asked Questions about  Mikhail Prokhorov

Frequently Asked Questions about Mikhail Prokhorov’s Net Worth

1. What is Mikhail Prokhorov’s net worth?

Mikhail Prokhorov’s net worth is estimated to be around $10 billion.

2. How did Mikhail Prokhorov make his fortune?

Prokhorov made his fortune through investments in the metals and mining industry. He co-founded Norilsk Nickel, one of the world’s largest nickel and palladium producers.

3. What is Mikhail Prokhorov’s involvement in politics?

Prokhorov ran for the presidency of Russia in 2012, representing the opposition party Right Cause. He later founded the Civic Platform party but stepped down as leader in 2018.

4. What is Mikhail Prokhorov’s role in the Brooklyn Nets?

Prokhorov owned the Brooklyn Nets NBA team from 2010 to 2019. He sold the team to Joseph Tsai for $3.3 billion.

5. What is Mikhail Prokhorov’s education background?

Prokhorov graduated from the Moscow Finance Institute in 1989 with a degree in economics.

6. What is Mikhail Prokhorov’s age?

Mikhail Prokhorov was born on May 3, 1965, making him 57 years old.

7. Where does Mikhail Prokhorov live?

Prokhorov resides in Moscow, Russia.

8. What is Mikhail Prokhorov’s philanthropic work?

Prokhorov is known for his philanthropic efforts, particularly in the fields of education, healthcare, and culture. He has established several foundations to support these causes.

9. What is Mikhail Prokhorov’s involvement in the arts?

Prokhorov is a patron of the arts and has invested in various cultural projects, including the restoration of the Bolshoi Theatre in Moscow.

10. What are Mikhail Prokhorov’s interests outside of business and politics?

Prokhorov is an avid sports enthusiast and has participated in several extreme sports events, such as the Ironman triathlon. He is also a passionate art collector.