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| Mikhail Prokhorov |
While he was busy campaigning, his net worth has decreased. Prokhorov is now a wealth of between U.S. $ 12 billion and U.S. $ 13 billion, down from U.S. $ 18 billion in March 2011 when Forbes publishes the world's richest people.
Excerpted from the pages of Forbes, most of the losses came from poor performance of public holdingnya, who get along with the impact of the Russian stock market. Shares of the world's largest manufacturing alumnium, Rusal shares lost 50 percent of the value in the last 12 months though then again rebound. Prokhorov holding shares fell more than U.S. $ 2 billion. Polyus Gold International, one of the largest producers of gold and other holding companies dropped a third in the last 52 weeks.
Any investment whose value does not decrease the NBA basketball team, which will be the Brooklyn Nets, purchased in 2009. Based on the release of the valuation of the NBA, the team was worth U.S. $ 357 million, or 14 percent higher than last year.
Decline in wealth was also related to political spending. Earlier this year Prokhorov spent about U.S. $ 35 million in the parliamentary campaign, especially the pro-business political parties. To become president, campaign funds are allowed only US41, 3 million. According to Russian law, Prokhorov is only allowed to donate U.S. $ 1.3 million of his money. The campaign takes up to U.S. $ 2.2 million to fund the collection of signatures.
Prokhorov is estimated to have cash of U.S. $ 4 billion, the funds remaining from the sale of Norilsk Nickel in 2008 with fellow billionaire Oleg Derpaska. Before entering into politics, Prokhorov was busy running a variety of investments, including Russian-language magazine, published in the American Snob.