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  1. Mikhail Prokhorov is a Russian-Israeli businessman, politician, and former owner of the Brooklyn Nets. He made his fortune from privatizing state-owned metals assets in Russia and is one of the richest people in the world.

  2. 6 days ago · Learn about Mikhail Prokhorov, a Russian billionaire who sold his stake in the Brooklyn Nets and ran for president in 2012. Read his net worth history, personal stats, education, and Forbes Council posts on various business topics.

  3. Aug 14, 2019 · The Russian oligarch bought the Nets for less than $400 million in 2009 and sold them for $2.35 billion in 2019, despite losing money and winning nothing on the court. His success was based on timing, luck and the NBA's labor deal that boosted team values.

    • Tom Ziller
  4. Apr 4, 2022 · Mikhail Prokhorov, a former NBA owner and a Putin rival, immigrated to Israel and became a citizen under the Law of Return. He is eligible for Israeli citizenship as his maternal grandmother was Jewish and he has not been sanctioned by Western countries over his ties to Russia.

  5. Learn about Mikhail Prokhorov, who made his fortune in the wake of the Soviet Union's collapse by buying shares in formerly state-run corporations. Find out how he ran for president in 2012, owned the Brooklyn Nets, and faced a scandal in France.

  6. Apr 12, 2018 · The former Russian billionaire and Brooklyn Nets owner has completed the sale of a majority stake in the team to the co-founder of Alibaba. The deal allows Tsai to become the controlling owner in 2021, while Prokhorov will keep Barclays Center.

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  8. Aug 16, 2019 · The Russian billionaire and former NBA owner agrees to transfer his full ownership of the arena and his 51% stake in the team to an entity controlled by the Alibaba co-founder. Brett Yormark, the CEO of BSE Global, announces his departure after 15 years of leading the Nets move to Brooklyn and Barclays Center.

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