Mikhail Dmitrievitch Prokhorov (Russian: Михаил Дмитриевич Прохоров; born May 3, 1965) is a self-made Russian billionaire entrepreneur and owner of the New Jersey Nets. After graduating from the Moscow Finance Institute he made his name in the financial sector and went on to become one of Russia's leading industrialists in the precious metals sector. While he was running Norilsk Nickel, the company became the world's largest producer of nickel and palladium. He is currently chairman of Polyus Gold, Russia's largest gold producer, and President of Onexim Group.
Prokhorov is the second richest man in Russia and the 39th richest man in the world according to the 2010 Forbes list with an estimated fortune of $17.85 billion.
The Russian billionaire is a hard-partying bachelor who was arrested in 2007 in France on suspicion he was involved in an upscale prostitution ring.
Mikhail Prokhorov, recently named the 39th wealthiest man in the world by Forbes, has an estimated net worth of $17.85 billion.
Prokhorov was arrested in January 2007 while on vacation at a French ski resort when police cracked down on a suspected prostitution ring. According to numerous reports at the time, Prokhorov told investigators that he flew beautiful women in from Russia because he enjoyed their company.
However, investigators suspected that Prokhorov had supplied the women as prostitutes to his wealthy friends and kept the billionaire in custody for several days before releasing him and dropping the charges.