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Nets owner Mikhail Prokhorov leaving business for politics

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09:22 AM ET 10.28 | Billionaire Brooklyn Nets owner and former Russian presidential candidate Mikhail Prokhorov said Saturday he's leaving business to focus full-time on politics, returning to the political arena after remaining silent through a five-month Kremlin crackdown on the opposition. The 47-year-old Prokhorov, who is believed to be worth about $13 billion, finished third in Russia's presidential election in March amid speculation that his candidacy was orchestrated by the Kremlin. Though he denied the claim, he was nowhere to be seen as the government launched a crackdown on the opposition this spring, arresting activists and introducing new harsh legislation. Prokhorov appeared Saturday at the first conference of the party he set up several months ago, announcing that he would put his money in a trust fund and let his partners at the investment vehicle Onexim run the shop. Prokhorov told reporters after the conference that he wants to lead "a third power" in the country, competing both with the Kremlin and the opposition.

New York Post

Mikhail Prokhorov, David Dow/NBAE via Getty Images Mikhail Prokhorov, David Dow/NBAE via Getty Images
October 28, 2012  09:26 AM ET

Do The Ukraine Girls Really Knock You Out, Bro?

Comment #2 has been removed
Comment #3 has been removed
October 28, 2012  11:42 AM ET
QUOTE(#3):

No. He's going out to pasture to enjoy his millions.

I'm sure he made his millions the old fashion way. Stole it

Comment #5 has been removed
October 28, 2012  10:18 PM ET

Why doesn't he just buy himself a political office?

 
October 29, 2012  05:21 PM ET

Now he can make some real money.

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