Sunday, March 4, 2012

Prokhorov, Metals Tycoon Hoping to Shine in The Struggle For The Kremlin

Prokhorov, Metals Tycoon Hoping to Shine in The Struggle For The Kremlin: Mikhail Prokhorov, who is the task of the Russian Prime Minister Vladimir Putin in the presidential election on Sunday, collecting two million signatures in support of his campaign, has a reputation for wise financial.

In 2008, shortly before the world economy has fallen, the bank manager, an investor sold a large portion of its assets for the production of minerals, the solution according to him, partly inspired by good planning, partly state.

"In business, you should be able," he said Mathew chance to CNN. "Sometimes you have a good strategy, but something went wrong. You can not cover all the risks in your life."

Prokhorov intuition that "this crisis is broader" than the previous one, of course, true, and his decision to cash in such a way that is currently connected to the thirty-second World Forbes list of billionaires, with assets of $ 18 billion. In the U.S., it has a team New Jersey Nets basketball.

Chance CNN question about his reputation as an international playboy, he laughed. "I do not care. I try to act natural," he said, adding that he had "no time" to think about the family.

"I want the business, this is my profession," said Prokhorov. "I spend like 15 hours a day at the office. This is the greatest joy in my life and I never think about money."

As is the case with many other Russian oligarchs, Prokhorov, whose fortune grew from minerals and metals investments, and built his fortune in the first years after the fall of communism in 1990.

According to Forbes, he and partner Vladimir Potanin, who is 34 on the Forbes list of the rich and the former deputy prime minister under former President Boris Yeltsin courted corporate customers of the two largest banks in the Soviet era as the Interros holding company acquired interests in metallurgy, engineering, agriculture and the media. Prokhorov and Vladimir Potanin, developed ties to the Kremlin and was present at the meetings with Mr. Putin, and for goods of a bubble in the last ten years of their business takes off.

In 2007, Prokhorov was arrested on suspicion of trafficking in prostitutes (and released without charge) in the French ski resort of Courchevel. In March 2007, though announced his resignation as CEO and Chairman of the Board of MMC Norilsk Nickel, Interros subsidiary.

The next year, according to Forbes magazine, he sold his 25% stake in Norilsk Nickel, the largest producer of nickel and palladium, colleagues billionaire Oleg Deripaska, in exchange for a $ 7 billion in cash and 14% involved the world's leading aluminum producer UC Rusal.

"In my perception, the commodity market was overvalued - we had an exit strategy and diversification," said Prokhorov, in its decision.

Sale allowed him to buy the New Jersey Nets in 2009 and has a 45% stake in the project team of real estate to build a new arena in Brooklyn projects Atlantic in 2012. Moscow also publishes the magazine Snob Russian language in the United States when he invested $ 200 million to develop Russia's first hybrid car, Yo.

Prokhorov came into politics only recently, according to the site Russiapedia. In June this year, he joined the business right-wing Law and was elected its leader. "Prokhorov said he may replace Vladimir Putin as Russia's prime minister if the party failed in the polls and at one point even suggested that he might become president.

"However, veterans of the party were very upset with the purposes of the contractor and in early September, just call Congress ousted Prokhorov and its major allies of the party".

In many cases, have come off in politics. Now, as Prokhorov is preparing to go to the polls, he will need all his luck continues, if it wants to win Putin.

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