Mikhail Prokhorov Net Worth

Mikhail Prokhorov has an estimated net worth of $11 billion, according to Forbes Real-Time Billionaires, Mikhail Prokhorov profile (figures as of October 20, 2026). That is up from $9.8 billion in 2019.

Mikhail Prokhorov is a Russian investor and former owner of the Brooklyn Nets. He built his career in banking and metals after the collapse of the Soviet Union. Early on, he worked at the International Bank for Economic Cooperation, then moved through MFK and Onexim Bank. He later led Onexim Group and chaired Polyus Gold. His name became widely known through major deals in mining, finance, and sports.

A large share of his fortune came from metals. He and Vladimir Potanin used Interros in 1995 to buy Norilsk Nickel, which became the world’s largest producer of nickel and palladium. Forbes notes that much of his wealth traces back to the 2008 sale of his stake in Norilsk Nickel. He also held interests in Russian insurance and banking. In 2018, he sold a 49% stake in the Brooklyn Nets to Joseph Tsai in a $2.3 billion deal.

How Mikhail Prokhorov built his fortune

Prokhorov’s business rise started in finance. After working at the International Bank for Economic Cooperation, he held senior roles at MFK and then Onexim Bank in 1993. He also partnered with Potanin through Interros. That platform helped them take part in Russia’s privatization wave and buy major industrial assets. The most important was Norilsk Nickel, a metals giant that became central to his wealth and public profile.

His fortune later spread beyond mining. Forbes says much of his money came from the 2008 sale of his stake in Norilsk Nickel. It also notes that he has stakes in Russian insurance and banking. In sports, he was the former owner of the Brooklyn Nets. A notable cash event came in 2018, when he sold a 49% stake in the team to Joseph Tsai in a $2.3 billion deal.

Forbes net worth and other money moves

Forbes has tracked Prokhorov in Finance & Investments as a self-made billionaire from Russia. Its estimates moved up and down over time: $9.8 billion in 2019, $11.2 billion in 2020, $11.4 billion in 2021, $10.3 billion in 2022, $11.3 billion in 2023, $11 billion in 2024, and $10.7 billion in 2025. On October 20, 2026, Forbes’ real-time billionaires tracker put him at $11 billion.

Several money details stand out in the Forbes notes. They say he sold his last block of shares in UC Rusal 1 month before sanctions were imposed against the company by the US Treasury. Forbes also notes that he ran against Vladimir Putin in Russia’s 2012 presidential race and received 8% of the vote. In 2022, he got Israeli citizenship, adding to a public profile already shaped by finance, metals, and sports.