Revealed: Mikhail Prokhorov's Assets & Salary ( Updated) Net Worth 2026: Career Earnings & Assets

As one of the most talked-about figures, Mikhail Prokhorov has built a significant fortune. Our team analyzed the latest data to provide a clear picture of their income.

What Is Mikhail Prokhorov's Net Worth?

At one point, Prokhorov offered to buy Villa Leopolda, a 20-acre estate on the French Riviera built by Belgian King Leopold II of Belgium, from heiressLily Safra. After putting down a $55 million deposit for the $750 million sale price, he got cold feet and walked away. Under French law, that meant he would have to forfeit his entire deposit. So, YES, he lost the $55 million deposit.

Early Life and Career Beginnings

Further Business Successes

Mikhail Prokhorov gained headlines after an infamous 2007 Christmas party in the French Alpine town of Courchevel. Prokhorov was detained by French police for four days after allegations that he imported more than 20 Russian prostitutes to party with his friends. He was released without charges, but the scandal forced Mikhail to sell off his share of Norilsk. That transaction netted him a $7 billion profit plus a large stake in an aluminum conglomerate. This turned out to be an extremely lucky turn of events because within a year, the global commodities market collapsed, and Norilsk saw its share price plummet.

In May 2010, Mikhail Prokhorov won approval to purchase the New Jersey Nets NBA team. He soon renamed the team the Brooklyn Nets and moved the team into a brand new stadium. Mikhail paid $223 million and agreed to take on $160 million worth of debt to acquire an 80% stake in the team and 45% of the arena. At the time of the transaction, he shared the team with real estate developerBruce Ratner. Entrepreneur and hip-hop artistJay-Zformerly owned a very small percentage of the team as well. In August 2019, Mikhail reached a deal to sell what by then was a nearly 100% stake in both the stadium and team for $3.5 billion.

Mikhail Prokhorov is a Russian oligarch and politician known for being the former owner of the Brooklyn Nets. As of this writing, Mikhail Prokhorov has a net worth of $13.5 billion. Prokhorov made his money the new-fashioned Russian way, "acquiring" the formerly state-owned Norilsk Nickel and turning the company into a massive global energy conglomerate. Mikhail is the former chairman of Polyus Gold, the biggest gold producer in Russia. Before becoming one of the leading industrialists in the country, had worked in the financial sector. In 2012, Prokhorov ran as an independent candidate in the Russian presidential election, and later that year, he established a new national political party called Civic Platform.

Mikhail Dmitrievich Prokhorov was born on May 3, 1965, in Moscow, Soviet Union. His father, Dmitri, was a trained lawyer who managed international relations for the Soviet Committee of Physical Culture and Sport, while his mother, Tamara, served as a materials engineer at the Institute for Chemical Machine-Building. He has an older sister, Irina, and is of Jewish descent. Prokhorov attended the Moscow Finance Institute, graduating in 1989. Subsequently, he worked in a management position at the International Bank for Economic Cooperation until 1992. Following this, Mikhail was the head of the management boards of the MFK Bank and the United Export-Import Bank. At the latter institution, Prokhorov served alongside business partnerVladimir Potanin, who was introduced to him by his college friend.

At the age of 27, Mikhail teamed up with Potanin to run the holding company Interros. In 1995, through this company, they purchased Norilsk Nickel, one of the biggest nickel and palladium producers in Russia. During this time, the nation was experiencing extreme deregulation and privatization of industries that were previously state-owned, allowing Prokhorov and Potanin to acquire workers' shares at a fraction of their market value, and take ownership of Norilsk. Upon his departure in 2007, Prokhorov's company share was valued at $7.5 billion.

In summary, the total wealth of Mikhail Prokhorov reflects strategic moves.

Disclaimer: All net worth figures are estimates based on public data.