The Russian billionaire Mikhail D. Prokhorov moved closer to taking control of the Nets on Tuesday night when he signed formal contracts to buy a controlling stake in the team and to invest in its new home, a billion-dollar arena planned as part of a development in Brooklyn.
In The News
Avery Johnson Has Verbal Agreement to Coach the Nets
New York Sports10 June 2010
Mikhail Prokhorov has found the coach who will get the Nets started on winning that championship
Klub Prokhorov
New York Magazine30 May 2010
The billionaire Nets owner and the creation (his creation, actually) of a new kind of New York Russian.
There's a New Oligarch in Town
Wall Street Journal24 May 2010
The National Basketball Association's first owner from outside North America got down to business in his own unique style Wednesday. First he had an early-morning meeting with New York City Mayor Michael Bloomberg. Then things got interesting.
Prokhorov’s $200 Million Purchase of Nets Gets NBA Approval
Bloomderg12 May 2010
Mikhail Prokhorov became the second foreign team owner in U.S. professional sports when the Russian billionaire’s $200 million purchase of the New Jersey Nets was approved by the National Basketball Association.
Prokhorov a jete la rancune a l’eau
Paris Match29 March 2010
Trois ans après les injustes accusations de la police contre lui, le richissime homme d’affaires russe demeure un ami de la France. Et il nous le dit.
Why Billionaire Says He’s Only NBA Owner Who Can Dunk
Bloomberg29 March 2010
Mikhail Prokhorov steps off his Gulfstream V into the swirling snow and subzero temperatures of Krasnoyarsk, Siberia, where he’s come to visit his gold mine. Though it’s almost midnight, Prokhorov has no interest in retiring to his hotel room. Instead, he’s whisked away in a police-escorted Mercedes to the local gym, where he puts in two hours running on a treadmill and lifting weights, Bloomberg Markets reports in its May issue.
Future NJ Nets owner Mikhail Prokhorov avoids questions about basketball, bemoans fate of Russian biathlon team
NJ.com18 February 2010
“I hoped to get good results here. For the time being, we are not very lucky,” the oligarch said in careful but inexpert English, after his women failed to medal in the 10-kilometer pursuit.
Business Asked to Help Modernize
The Moscow Times15 February 2010
Prokhorov said ONEXIM Group was ready to provide financing of the project in full, while the government should ease certification standards and develop a market for liquefied natural gas.
Russian Billionaire Moves a Step Closer to Buying the Nets
The New York Times17 December 2009
Prokhorov Offers to Finance Aurora
The Moscow Times6 December 2009
07 December 2009 The Moscow Times Billionaire Mikhail Prokhorov has offered to finance the upkeep of the legendary cruiser Aurora.
Grousbeck 'favorably impressed' with Prokhorov
NECN9 November 2009
(NECN) - As part of the process of approving a new NBA owner, Boston Celtics owner and CEO Wyc Grousbeck met with Russian billionaire Mikhail Prokhorov in recent weeks.
Stern cites progress on Prokhorov
AFP23 October 2009
NEW YORK — National Basketball Commissioner David Stern voiced optimism Thursday that Mikhail Prokhorov's bid to buy a majority share of the New Jersey Nets could be approved by the end of the year.
Prokhorov Says Nets Will Make Profit in 2011-12
The Moscow Times13 October 2009
Billionaire Mikhail Prokhorov said he was counting on his newly acquired New Jersey Nets basketball team to become profitable as soon as it moves to Brooklyn for the 2011-12 season.
Prokhorov Puts His Bets on Debt
The Moscow Times12 October 2009
Billionaire Mikhail Prokhorov said the best place to invest during the crisis is in debt restructuring, a niche that has so far gone largely unfilled.
New Prokhorov
GQ2 October 2009
One and a half years ago MIKHAIL PROKHOROV gave his first big general interview. This interview was published in GQ’s December 2007 issue. At that time Mikhail was mostly known for his eccentric behaviour. Now people tend to call him by his second name, Mikhail Dmitrievich, which does not simply come from his “going into money”. Our journalist Nikolay Uskov tried to find out where it comes from.
In Settlement, Prokhorov Clears Moscow Times of Wrongdoing
The Moscow Times29 September 2009
Mikhail Prokhorov and The Moscow Times have buried the hatchet after a 14-month court battle over a defamation lawsuit involving comments made by the billionaire’s former partner Vladimir Potanin.
France drops prostitution case involving Russian billionaire
RIA Novosti28 September 2009
A scandal involving metals magnate Mikhail Prokhorov, Russia's richest man, and alleged prostitutes has been dropped for a lack of evidence, the oligarch's lawyer said on Monday.
Meet Mikhail Prokhorov
The New Yorker25 September 2009
Being a Russian oligarch these days isn’t easy. The best and brightest of them are in exile or in jail; others, after feasting on leverage during the commodities boom, now have tummies full of debt. Of those still in the game, Mikhail Prokhorov is the richest, with an estimated net worth, according to Forbes, of $9.5 billion. At six-foot-seven, he is also the tallest, though this alone cannot explain the complicated process whereby he appears ready to buy the New Jersey Nets and build a stadium for them in Brooklyn.
Russian Billionaire Prokhorov Offers to Buy N.J. Nets
Bloomberg23 September 2009
Mikhail Prokhorov, Russia’s richest man, offered to buy the New Jersey Nets and help move the National Basketball Association team to Brooklyn.
Medvedev seeks Russian economy modernization
Associated Press18 June 2009
Russia imports too much high technology and cutting-edge innovations and must do more to free the economy from its reliance on heavy industries like oil and gas, President Dmitry Medvedev said
Prokhorov Urges Foreigners to Invest
The Moscow Times8 June 2009
Mikhail Prokhorov urged foreign investors Friday to seize opportunities in Russia, saying previously inaccessible assets have been put up for sale.
Prokhorov Moves to Mining Village
The Moscow Times25 May 2009
Billionaire Mikhail Prokhorov, president of Onexim Group, has changed his official place of residence from Moscow to a small village in the Krasnoyarsk region where the main assets of his Polyus Gold are located.
Last Man Standing
Forbes12 March 2009
Two years after being all but written off, metals mogul Mikhail D. Prokhorov is back--as the richest man in Russia.
Prokhorov Denies Bid For French Mansion
The Moscow Times24 February 2009
Mikhail Prokhorov, Russia's richest man, said Monday that he never planned to buy a French mansion owned by Lily Safra, the widow of banker Edmond Safra, denying media reports.
The Oligarch and the All-Star
The Globe and Mail25 January 2009
What do Scottie Pippen, the NBA All-Star, and Mikhail Prokhorov, the Russian oligarch, have in common? Today, in one of sports' oddest match-ups, they both found themselves playing on the same basketball team in Moscow. And the Muscovites loved it. So did I. Talk about surprises.
Darkness at dawn: will light pierce the gloom in 2009?
Independent4 January 2009
Can British business pull out of the credit-crunched rubble disfiguring the start of the year? Are there any regions worth investing in during the recession? How many more companies will collapse? Mark Leftly, Simon Evans and Margareta Pagano put these questions to 10 leading corporate figures
The Russian billionaire who saw the crisis coming
Reuters26 November 2008
In a few short months, Russia's business elite have seen their billion-dollar fortunes crumble. Not Mikhail Prokhorov. He says he saw the crisis coming.
Onexim Group President Mikhail Prokhorov Heads Russia's Biathlonists Union
28 October 2008Mikhail Prokhorov, the president of Onexim Group, has been elected a new head of Russia's Union of Biathlonists on October 27, 2008.
Potanin, MT Lose Defamation Suit
The Moscow Times22 October 2008
The Moscow Arbitration Court ruled in favor of billionaire Mikhail Prokhorov in his defamation case against former business partner Vladimir Potanin and The Moscow Times on Wednesday, ordering the defendants to pay a fine of 1,000 rubles each.
Prokhorov urges Norilsk Nickel board to reverse $2 bln buyback
Interfax13 October 2008
Billionaire Mikhail Prokhorov, who is a member of the board of directors at MMC Norilsk Nickel (RTS: GMKN), has
demanded an emergency board meeting to try and reverse a decision to buy back $2 billion worth of the nickel producer's stock.
Potanin, Prokhorov Agreed About Divorce
Kommersant24 September 2008
Ex-partners Vladimir Potanin and Mikhail Prokhorov have neared the final split of the assets. The businessmen sealed a protocol, whereby Prokhorov becomes the majority holder at Polus Zoloto gold miner, while Potanin gets 2 percent in Norilsk Nickel and the stakes in RUSIA Petroleum and APK Agros.
Prokhorov Tells Students How to Get Rich
The Moscow Times2 September 2008
Billionaire Mikhail Prokhorov on Monday advised students at the government's Financial Academy that going into private business, rather than working for the state, was the best way to get rich and join him on the Forbes list.
French Villa Link to Prokhorov Denied
The Moscow Times18 August 2008
An official at Mikhail Prokhorov's Onexim Group denied Sunday that the billionaire was close to buying the legendary Villa Leopolda on the French Riviera.
Olympics’08
Kommersant6 August 2008
Mikhail Prokhorov’s Onexim group will give all medal winners from the CSKA club 3, 1.5 and 1 million roubles; their coaches will get 1 million, 500.000 and 300.000 roubles.
Prokhorov Proposed as Norilsk Chief
The Moscow Times11 Jule 2008
The main labor union at Norilsk Nickel has asked the company's board to reappoint billionaire Mikhail Prokhorov as its chief executive.
Oligarch's vision of a Russian giant: Prokhorov backs merger of nickel and aluminium miners to form a $100bn rival to a united BHP Billiton and Rio Tinto
The Independent on Sunday6 Jule 2008
Russian billionaire Mikhail Prokhorov has called for the creation of a $100bn Russian mining champion, ahead of an intense boardroom battle with former friend and business partner Vladimir Potanin tomorrow.
RUSAL endorses de Selliers for chairmanship of Norilsk Nickel board
Interfax4 Jule 2008
United Company RUSAL is supporting Guy de Selliers candidacy for chairman of the board of directors of MMC Norilsk Nickel.
Prokhorov Touts New Innovations
The Moscow Times3 Jule 2008
Billionaire Mikhail Prokhorov said Wednesday that he would soon create a foundation to support scientists, joining a growing chorus of businessmen eager to invest in new innovations.
Major Polyus Gold shareholder not selling
RosBusinessConsulting2 Jule 2008
Russian billionaire Mikhail Prokhorov, part owner of United Co. Rusal, which holds a 25% stake in OAO Norilsk Nickel (GMKN.RS), said Wednesday he backs the continuation of Denis Morozov as Norilsk's chief executive.
Rusal's Prokhorov Backs Morozov As Norilsk Nickel CEO
Dow Jones International News2 Jule 2008
Russian billionaire Mikhail Prokhorov, part owner of United Co. Rusal, which holds a 25% stake in OAO Norilsk Nickel (GMKN.RS), said Wednesday he backs the continuation of Denis Morozov as Norilsk's chief executive.
The Innovation Breakthrough
2 Jule 2008Mikhail Prokhorov’s speech during the 4th Annual National Business Congress on how to make the innovation breakthrough happen.
Russian rivals win seats on Norilsk Nickel board
The Financial Times1 Jule 2008
Oleg Deripaska's United Company Rusal won a third of the seats on Norilsk Nickel's nine-man board at its annual meeting yesterday, strengthening the Russian billionaire's position in a battle to lead a merger to create one of the world's biggest metals and mining groups.
Vladimir Potanin Fails To Change The Balance Of Power At Polyus Gold
Kommersant27 June 2008
The Polyus Gold company's AGM has not helped Vladimir Potanin to change the balance of power within the company. Potanin's former partner, Mikhail Prokhorov, gained effective control of Polyus Gold in autumn of 2007.
Independent for Polyus board
The Financial Times27 June 2008
Shareholders in Polyus Gold, Russia's largest gold miner, yesterday elected another independent director to the company's board as its two main billionaire shareholders continued to battle for control.
Onexim Group to join effort to reconfigure Russian energy system
Interfax18 June 2008
Mikhail Prokhorov's Onexim Group plans to join the efforts to reconfigure the Russian energy system, created through reorganizing Unified Energy Systems of Russia, RAO UES. The Russian energy system has been broken up into 14 regional (TGK) and 6 wholesale (OGK) generating companies in different regions. Both have acquired private strategic investors.
Prokhorov says Norilsk-RUSAL merger inevitable
Reuters7 June 2008
A merger between Russian metals giants Norilsk Nickel and United Company RUSAL is "inevitable" to maximise the competitiveness of both companies, billionaire Mikhail Prokhorov said on Saturday.
Polyus Shares Jump On Prokhorov Offer
The Moscow Times3 June 2008
Shares of Polyus, the country’s leading gold producer, jumped 11 percent, or 163 rubles, on the MICEX exchange Monday after Onexim Group, Mikhail Prokhorov’s holding company, offered to boost his stake in the company by 6.54 percent.
Polyus shares rise 11 pct after co-owner share bid
Reuters2 June 2008
Polyus Gold's Moscow-traded stock rose more than 11 percent on Monday after part-owner Mikhail Prokhorov offered to buy 6.54 percent of the Russian miner, the world's fourth-largest gold firm by reserves.
Britain’s Authorities Probe Into Surge in Polus Zoloto
Kommersant27 May 2008
Britain’s Financial Services Authority (FSA) has set to probing into the surge in Polus Zoloto quotes. The stocks went up once the capital fund Kazimir Partners made an offer for the buyout of 2.5 percent in Polus from its subsidiary, Jenington, for $350 million, Vedomosti reported.
Polyus Gold Gains After Fund Makes Offer for Stake (Update 3)
Bloomberg19 May 2008
OAO Polyus Gold, Russia's biggest producer of the metal, rose the most since it starting trading in Moscow two years ago after a U.K.-based investment fund Kazimir Partners Ltd. made an offer for a stake in the company.
Potanin to pay $5 bln for KM-Invest stake -paper
guardian.co.uk13 May 2008
Russian billionaire Vladimir Potanin will pay about $5 billion to buy out former business partner Mikhail Prokhorov's 50 percent share in the investment vehicle they once shared.
Prokhorov to Sell 50 Percent in KM Invest to Ex-Partner
Kommersant13 May 2008
Mikhail Prokhorov will accumulate $10 billion in cash by the end of this week. He will generate a half of the amount by selling the assets to Vladimir Potanin, transferring roughly $700 million to the budget, RIA Novosti reported referring to Vedomosti.
Prokhorov's man joins UC RUSAL board
Reuters13 May 2008
Dmitry Razumov, chief executive of Russian billionaire Mikhail Prokhorov's Onexim Group, has joined the board of the world's top aluminium producer, United Company RUSAL, UC RUSAL said on Tuesday.
Russia's Onexim Group to bid for Open Investments SPO
Prime-TASS News Russia30 April 2008
Russia's Onexim Group, the investment vehicle of Russian billionaire businessman Mikhail Prokhorov, plans to bid for a secondary share issue of Russian real estate developer Open Investments (OPIN), the group said on its official blog Wednesday citing its General Director Dmitry Razumov.
Billionaire Prokhorov Gives $2 Million to Back Kabakov Art Show
Bloomberg30 April 2008
Billionaire Mikhail Prokhorov is to give $2 million to finance Russia's first retrospective of artworks by its leading postwar artist Ilya Kabakov, the metal tycoon's foundation said today.
Rusal Completed Deal for 25 Percent in Norilsk Nickel
Kommersant25 April 2008
United Company Rusal has completed the deal for buying out from Mikhail Prokhorov 25 percent plus a stock in GMK Norilsk Nickel. The initial terms of the deal were changed – Prokhorov will get not 11 percent but 14 percent in Rusal plus over $7 billion in addition. Today’s plans of Rusal are to consolidate with Norilsk Nickel within a year.
Prokhorov Sell 25% In Norilsk To RUSAL
The Moscow Times25 April 2008
Months of negotiations and rumors came to an end Thursday as Oleg Deripaska's United Company RusAl closed a deal to buy a stake of 25 percent plus one share in Norilsk Nickel, the world's biggest producer of the metal.
Interros to buy 50% in Onexim's KM Invest
RIA Novosti17 April 2008
Russian financial holding Interros said on Thursday it had agreed with Onexim Group to buy a 50% stake in Onexim's KM Invest.
Interros holding could buy Prokhorov's stake in nickel giant
RIA Novosti8 April 2008
Russian financial holding Interros said on Tuesday it was prepared to consider buying the shares of metals giant Norilsk Nickel from billionaire Mikhail Prokhorov, if his deal with RusAl is cancelled.
Privatization of Russia's electricity company enters home stretch
Herald Tribune8 April 2008
A plan to privatize the world's largest electricity company is entering the home stretch. Mikhail Prokhorov bought 32 percent of TGK-4, with plants near Moscow, for $500 million at auction.
RUSAL expects to buy Norilsk stake before end April
Reuters31 March 2008
Russia's United Company RUSAL said on Monday it expected to complete a deal to buy a stake in Russian metals group Norilsk Nickel before the end of April.
Russian oligarchs battle for control of mining company Norilsk
The Times31 March 2008
Foreign investors will have their say in the $60 billion battle for control of Norilsk Nickel when they vote on who should control the board of the Russian mining company.
Russian tycoons vie for 1 pct Polyus stake
Reuters29 March 2008
Russian billionaires Vladimir Potanin and Mikhail Prokhorov both want to buy the 1 percent stake in Polyus Gold being sold by Norilsk Nickel, a newspaper reported on Wednesday.
Report: Prokhorov, Potanin Up Polyus Gold Stake To 30% Each
TradingMarkets.com25 March 2008
Majority shareholders of Russia's largest gold miner, OAO Polyus Gold, Mikhail Prokhorov and Vladimir Potanin, have recently increased their stake in the company to 30 percent each, Kommersant daily reported Tuesday, citing unnamed sources.
Polyus Gold: Adviser Recommends Against Dismissal Of Board
Dow Jones International News25 March 2008
Russia's largest gold mining company OAO Polyus Gold said Tuesday a proxy advisory firm has recommended the company's board not be dismissed.
Norilsk should be core to Russia mining merger: CEO
Reuters24 March 2008
Norilsk Nickel should be at the core of any potential merger with one or more privately owned Russian miners, its chief executive said in an interview with Russian daily Kommersant published on Monday.
Hydrogen fuel is the way ahead, says oligarch
The Independent23 March 2008
Mikhail Prokhorov told The Independent on Sunday that the UK's commitment to a nuclear energy programme overlooked research that suggests hydrogen technology could be a more efficient option.
The Meaning of Norilsk
The Economist13 March 2008
The ongoing takeover battle for Norilsk Nickel may prove to be a test case for Russian capitalism.
Prokhorov Wins First Round for Norilsk Nickel
Wall Street Journal5 March 2008
The Moscow Arbitration Court upheld Onexim Group President Mikhail Prokhorov and invalidated the resolution of KM Invest on the disposal of 2 percent in Norilsk Nickel and 7.4 percent in Polus Zoloto, Interfax.ru reported.
SocGen makes buyout offer to Rosbank shareholders
Reuters4 March 2008
France's Societe Generale, which holds a controlling stake in Russia's bank Rosbank, has offered to buy the stakes of minority shareholders, Rosbank said on Tuesday.
Bidding War Shapes Up For Russia's Norilsk Nickel
Wall Street Journal4 March 2008
Shares of Norilsk Nickel rose yesterday after a potential rival bidder emerged in what is shaping up to be Russia's largest takeover.
Norilsk share buy-back to roll back the Rusal tide
Mineweb3 March 2008
In the fierce war for Norilsk Nickel, the most expensive fight over a Russian mining asset ever fought, the outcome is becoming clear.
Usmanov seen building stake in Norilsk
Washington Post3 March 2008
Russian businessman Alisher Usmanov's iron and steel firm has bought between 3 and 4 percent of the shares in Norilsk Nickel, Kommersant business daily reported on Monday.
Norilsk Nickel to Be Melted Down
Kommersant3 March 2008
GMK Norilsk Nickel is preparing to merge with Alisher Usmanov's Gazmetall in an effort to oppose a hostile takeover by Rusa
Tussle for control in prospect at Norilsk Nickel
Financial Times21 February 2008
Russian businessman Alisher Usmanov proposed a merger with Norilsk Nickel and his metals group to create a metals and mining giant that analysts valued at $70bn.
RusAl-Norilsk Merger Could Be Approved
Moscow Times19 February 2008
The Federal Anti-Monopoly Service "isn't against" a combination of United Company RusAl and Norilsk Nickel, the country's biggest metals producers, said Alexei Ulyanov, head of industrial supervision at the Federal Anti-Monopoly Service.
Rusal's buy of Norilsk Nickel stake approved by Russian regulator
Forbes31 January 2008
United Company Rusal's planned acquisition of a 29 percent plus one share stake in Norilsk Nickel has been approved, the Federal Anti-Monopoly Service said.
Russia's Polyus to launch Natalka gold mine by 2013
Reuters29 January 2008
Polyus Gold plans to launch what will be Russia's largest gold mine, the $2.5 billion Natalka project, in 2012 or 2013, the company's chief executive said in a statement on Tuesday. Polyus's board, led by chairman Mikhail Prokhorov, has approved $31.3 million in capital expenditure at Natalka in 2008.
Onexim Group request Norilsk Nickel shareholder meeting
RosBusinessConsulting18 January 2008
Russian businessman Mikhail Prokhorov's Onexim Group has requested to hold Norilsk Nickel's extraordinary shareholders meeting in order to elect the Russian mining and metallurgical company's Board of Directors and to make changes to the company's Articles of Association.
When oligarch friends fall out... Norilsk divorce causes shock waves
The Sunday Times6 January 2008
Vladimir Potanin and Mikhail Prokhorov, former friends and co-owners of metal and mining empire of Norilsk Nickel, aer currently locked in the biggestbusiness separation in Russian business history.At stake is more than £20 billion in a conglomerate of some 200 firms employing nearly 150,000 people at stake, and a settlement that should have been completed by January 1, 2008.
RUSAL to buy Norilsk stake, eyes global scale
Reuters21 December 2007
Russia's United Company RUSAL will buy a strategic stake in Norilsk Nickel from Mikhail Prokhorov's Onexim Group. RUSAL has applied for regulatory approval in seven countries and expects the deal to close in the first quarter, it said.
Russian tycoon demands apology for arrest at Courchevel resort
Reuters19 December 2007
Russian businessman Mikhail Prokhorov has publicly demanded an apology from French authorities for his arrest at the Courchevel ski resort in January 2007.
Read more about this topic on Mikhail Prokhorov's blog.
Russia's Prokhorov seeks to liquidate $11 bln firm
Reuters19 December 2007
According to Onexim, Mikhail Prokhorov's investment group, the businessman wants to liquidate the $11 billion holding company KM-Invest, which he owns jointly with former business partner Vladimir Potanin.
Norilsk Nickel fails to spin-off energy assets
Reuters UK14 December 2007
Norilsk Nickel's plan to transfer its energy assets to a new $7 billion company was not approved on Friday when Mikhail Prokhorov, the single largest shareholder, abstained from voting.
Prokhorov Sells Media Stake
Moscow Times3 December 2007
Mikhail Prokhorov agreed to sell his half of Prof-Media to Vladimir Potanin as the two partners split their holdings.
Investors Hoping for Clarity After Election
Moscow Times3 December 2007
While the international community's attention was fixed on the State Duma elections this weekend, investors were interested in the clarity they are expected to bring on President Vladimir Putin's plans for the next administration.
Prokhorov's 'goodwill' Gesture May Open the Door for Rusalt
Financial Times23 November 2007
Mikhail Prokhorov this week offered to sell his 25 per cent plus one share holding in Norilsk Nikel to Vladimir Potanin for $15.7bn, if Mr Potanin paid for the stake in 45 days' time.
Prokhorov Offers to Sell Stake in Norilsk
Financial Times22 November 2007
Mikhail Prokhorov offered yesterday to sell his stake in Norilsk Nickel for $15.7bn to his former partner Vladimir Potanin.
Famous Russian Writers Vladimir Sorokin and Victor Yerofeyev to Visit Krasnoyarsk
Newslab26 October 2007
Writers Vladimir Sorokin and Victor Yerofeyev will attend a book fair organized by Mikhail Prokhorov's Fund of Cultural Projects
Prokhorov Confident Asset Division with Potanin will be Resolved by year-end
Forbes.com20 September 2007
Mikhail Prokhorov said the issue of dividing up assets with Vladimir Potanin, his partner in the Interros holding company, will be resolved by the end of the year.
Prokhorov to Return to Norilsk
The St. Petersburg Times18 September 2007
Mikhail Prokhorov, who is struggling to agree on a division of assets with business partner Vladimir Potanin, plans to rejoin the board of mining giant Norilsk Nickel six months after he quit.
Prokhorov Raises Stake in Polyus
The Moscow Times13 September 2007
Billionaire Mikhail Prokhorov is believed to have increased his stake in Polyus Gold to a blocking share, raising the odds in his dispute with business partner Vladimir Potanin.
Russian Billionaire Launches $17 Billion Fund
Reuters UK1 June 2007
Mikhail Prokhorov launched on Thursday a $17 billion (8.6 billion pound) private investment fund, Onexim Group, which he said could almost double in value by developing energy, nanotechnology and mining projects.
Norilsk's Prokorov says fund manages $ 17 Billion
Bloomberg31 May 2007
Mikhail Prokhorov set up a private fund to manage his $17 billion in assets, and said he will almost double its value in five years.
