Putin's new rival: billionaire Mikhail Prokhorov

Forbes magazine says he's worth $18 billion: glamorous oligarch Mikhail Prokhorov is putting himself forward as a challenger for Russia's presidency

13th December, 2011
Putin's new rival: billionaire Mikhail Prokhorov
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Billionaire Mikhail Prokhorov plans to challenge Prime Minister Vladimir Putin for the Russian presidency in March elections after the biggest anti-government demonstrations in a decade emboldened Russia’s opposition.

“This is the most important decision of my life,” the owner of the New Jersey Nets basketball team told reporters in Moscow yesterday.

Prokhorov, 46, Russia’s third-richest man with a fortune Forbes magazine estimated at $18 billion, said that he’ll seek to build...

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