Prokhorov Mikhail Dmitrievich

Aktivs

The main Russian assets of Mikhail Prokhorov are concentrated in the Onexim group created in 2007.

• Rusal (17%) (sold 12% of 17% in November 2016),
• Intergeo is a mining and metallurgical company,
• Quadra (former TGK-4) is one of the key enterprises in the power supply system of the European part of Russia (sold in January 2022),
• "Consent,"
• "Snob" (sold in September 2017),
• International Financial Club - Universal Russian Commercial Bank,
• Bank Renaissance Credit,
• Renaissance Capital and others.
• In December 2015, Mikhail Prokhorov became the owner of a 100% stake in the American basketball club Brooklyn Nets and the Barclays Center sports arena. In April 2018, Russian businessman Mikhail Prokhorov sold a 49% stake in the Brooklyn Nets National Basketball Association (NBA) club to entrepreneur Joseph Tsai.

RUSAL

As of April 2014, the Onexim group of Mikhail Prokhorov owns a 17% stake in the aluminum company Rusal, received for the blocking stake in Norilsk Nickel. Then - in 2008 it seemed that this was a great idea to wave shares (25%) of Norilsk Nickel on shares of Rusal, and even get a cache of several billion dollars. However, everything is known in comparison. At the close of trading on the Moscow Exchange on April 8, 2014, Rusal's capitalization was estimated at $8.7 billion. Accordingly, the value of 17% of the company's shares was about $1.5 billion. The capitalization of Norilsk Nickel is $27.8 billion, and a 25% stake can be estimated at $7 billion^[1].

In October 2016, it was announced the sale of 12% of the 17% stake in Rusal for $700 million.

Intergeo

The company was founded in 2008 and collected 12 exploration licenses owned by ONEXIM Group. In fact, it is a collection of licenses, the development of which did not reach the hands of Norilsk Nickel and which were separated from the MMC after the "divorce" of Prokhorov with Vladimir Potanin. The two largest Intergeo projects are the Ak-Sug copper deposit and the Kingash nickel deposit. In 2010, Intergeo Management Company bought 100% of the Kingash Mining Company from MMC Norilsk Nickel.

On the basis of the Kingash deposit, Intergeo planned to annually produce 60-70 thousand tons of nickel, 25-30 thousand tons of copper, 10-15 tons of platinum and gold. For the development of the Kingashskoye field, Intergeo planned to build a mining complex in the Sayansky district and a nickel plant in Zelenogorsk.

However, then there were rumors on the market that Kingash could be sold to Musa Bazhaev's Russian Platinum, who had previously acquired a license from Intergeo for the Montenegrin polymetallic deposit in Taimyr. As of April 2014^[1] does not actually develop Intergeo].

Consent

The insurance company "Consent" was a captive company of "Interros" and only after it went to Prokhorov began to develop as an independent player in the market. "Consent" completed 2013 with a profit of 38 million rubles. In 2013, the insurer collected almost 42.9 billion rubles. Premiums (against 34.5 billion rubles in 2012) And the company's payments for 2013 amounted to 23.6 billion rubles. (the same indicator of the previous year ‒ 18.6 billion rubles.). This follows from the annual reporting of Consent under RAS, according to IFRS, the company will probably be in the red. The personnel policy in the company is characterized by extreme chaos: the CEOs change at a rate of once a year. In March 2014, Maya Tikhonova became him, and this is the fourth general director over the past four years^[1].

Since 2008, the Onexim group has invested 16 billion in the development of Soglasie, and as a rubles result, the company suffered greatly during the crisis and generated more than 10.5 billion rubles in losses in 2014-2015. At the same time, the asset was considered very reliable (one of the largest, insurance companies Russia the rating agency RAEX has assigned it the highest level of reliability over the past few years). According to Alexei Yanin, Managing Director for Bank Ratings at RAEX Agency (July 2016), Consent brings losses, since it has a problematic^[2] in the auto insurance segment^[2]

International Financial Club (IFC)

Experiencing nostalgic feelings about the name (under this name the first bank was opened, founded by Prokhorov and Potanin in 1992; since 2003, this brand did not exist: IFC merged with Rosbank), in 2008 Prokhorov bought and renamed a small APR bank as IFC.

The International Financial Club (IFC) was created as a bank for its own. Therefore, among the bank's shareholders not only M. Prokhorov, but also such well-known businessmen as Alexander Abramov, Viktor Vekselberg and others. The net profit of IFC Bank at the end of 2013 exceeded 1 billion rubles (as of January 1, 2013, 969.6 million rubles). Probably, this is one of the few resources of M. Prokhorov, who brought good profit for 2013. Perhaps this is due to the fact that the owners of IFC, in addition to M. Prokhorov, are other businessmen^[1].

As of mid-2016, since its inception, the bank has brought Prokhorov almost 360 million rubles, despite the losses of the last crisis years. If not for the outflow in 2016, against the background of searches in ONEXIM, customer funds totaling 10 billion rubles, the project could be considered an exemplary^[3].

Renaissance Capital

In August 2013, Onexim purchased 50% of Renaissance Capital's rights for $8. The previous owner of the bank, Stephen Jennings, could not find another way out of the crisis, except to sell it to Onexim, which now fully owns Renaissance Capital, and also has 89% of Renaissance Credit. Such a low price is explained by the fact that Prokhorov needed to spend about $1 billion to resolve the bank's activities. The first transaction to transfer part of the rights of Renaissance Capital to Onexim was carried out in the fall of 2008, when a group of Russian businessmen bought 50% minus ½ shares for $500 million. Prokhorov's group took up the restoration of Renaissance Capital back in 2012, when it wrote off debts to the bank in the amount of $190 million, and also contributed $485 million to its capital. Losses for 2012 amounted to $378 million^[1].

By mid-2016, over $1 billion was invested in Renaissance.

The group itself made a profit only once - $14 million in 2013. But the retail bank Renaissance Credit, judging by the reporting, remained profitable, at least from the moment of purchase until the crisis^[4].

Biography

Born in Moscow in the family of the head of the Department of International Relations of the USSR State Sports Committee and the head of the polymer department of the Moscow Institute of Chemical Engineering.

In 1989, he graduated with honors from the Faculty of International Economic Relations of the Moscow Financial Institute (now the Financial Academy under the Government of the Russian Federation). His classmate and friend was the future Governor of the Krasnoyarsk Territory Alexander Khloponin and Andrei Kozlov, First Deputy Chairman of the Central Bank of the Russian Federation (1997-1999 and 2002-2006), a member of the Board of Directors of the Bank of Russia, who was killed in an assassination attempt.

1987: "Boiled" denim co-op

In 1987, a student opened the Regina cooperative, which was engaged in the manufacture of "boiled" denim.

1989-2001: Banking period

• 1989-1992 - Head of the Department of the International Bank for Economic Cooperation (MBES).
• 1992-1993 - Chairman of the Board of the joint-stock commercial bank International Financial Company.
• 1993-1998 - Chairman of the Board of ONEXIM Bank.
• 1998-2000 - President - Chairman of the Board of ONEXIM Bank.
• From 1998 to 2007, Prokhorov personally exercised control over individuals at discos he spent every winter in Courchevel, France.
• 2000-2001 - President of AKB Rosbank"."

2001-2007: Nornickel

• 2001-2007 - General Director, Chairman of the Board of MMC Norilsk Nickel (since June 2001). In April 2007, he left the post of General Director of MMC Norilsk Nickel. But as of September 2007, Prokhorov still owned the blocking stake in Norilsk Nickel (25%).

• In 2004, Mikhail Prokhorov established a private charitable "Foundation for Cultural Initiatives."

• Since March 2006 - Chairman of the Board of Directors of Polyus Gold OJSC.

2007: Courchevel scandal

The Courchevel scandal is an incident on January 9, 2007 in the French ski resort of Courchevel, during which French police detained a number of high-ranking representatives of Russian big business as part of an investigation into a luxury prostitution network. Mikhail Prokhorov was detained for 4 days by the French police. The French police suspected that Prokhorov brought girls for his rich friends; Prokhorov himself told the investigation that he brought women because he "loves the company of smart, beautiful and young companions."

The operation involved about 50 police officers who searched three hotels: Byblos, La Lana and Les Erays. They detained 26 people, including the top of Norilsk Nickel: general director Mikhail Prokhorov, his assistant Dmitry Shatov and vice president Oleg Baibakov, as well as several young women. No charges were brought against the detainees, and they themselves were interrogated as witnesses and soon released. However, Lyon prosecutor Xavier Risho said in an interview with Interfax that Prokhorov was suspected of sexual relations with minors.

President of the Chamber of Commerce and Industry of the Russian Federation Yevgeny Primakov negatively assessed Prokhorov's behavior: "I spoke with several of our large entrepreneurs, and they are as outraged as I am, because it hurts the image of Russia and sets society against business. How can you - people in the mine receive far from huge money, and the general director throws them and brings 15 women with him to the resort? "

• In May 2007, he founded the private investment fund ONEXIM Group LLC, of which he became president. Mikhail Prokhorov decided to "divorce" his partner - Vladimir Potanin.

• Since June 2007 - Member of the Supervisory Board of the state nanotechnology company Rosnanotech.

• Since December 2007, Mikhail Prokhorov has been conducting a personal blog in LiveJournal.

2008

Foundation of the Live Media Group

In April 2008, Mikhail Prokhorov and Vladimir Yakovlev founded the Live! Media group.

Estimated fortune of $22.6 billion

In May 2008, Forbes estimated Prokhorov's fortune at $22.6 billion.

War with Potanin

Prokhorov's longtime partner, co-owner of Norilsk Nickel, Vladimir Potanin, refused to defend him in the press and in front of employees. Moreover, he decided that it was time for a "divorce." Soon after, Potanin invited Prokhorov to his place and said that he was ready to buy his stake in Norilsk Nickel. According to a Meduza source familiar with the details of the sale of the enterprise, the amount that Prokhorov Potanin offered at that moment for a stake in Norilsk Nickel was significantly lower than the market - less than one billion dollars.

Two weeks later, Prokhorov and Potanin gathered a briefing at which they announced the division of assets. Prokhorov was mostly silent, and Potanin said that his main common asset - Norilsk Nickel - would almost completely go to him. Many believed that this was logical: the former First Deputy Prime Minister of Russia (in 1996-1997) Vladimir Potanin always seemed to be a senior partner, despite the fact that they had equal shares; and Prokhorov "fined" - the story in Courchevel caused him and the company reputational damage.

During the briefing, the financial details of the divorce from Prokhorov were not disclosed. But the conditions that Potanin offered, Prokhorov was, to put it mildly, dissatisfied - he was furious.

In his opinion, Mikhail Prokhorov decided to complain about the unfair division of assets to his friend Valentin Yumashev, the head of the presidential administration during the time of Boris Yeltsin (and the husband of his daughter Tatyana Dyachenko). Yumashev, in turn, told Vladimir Putin about the incident. The president listened to Yumashev, including because he was among those who advised Yeltsin to choose Putin as his successor in 1999.

A Meduza source at ONEXIM says that Prokhorov soon got an appointment with Vladimir Putin: right with him, the Russian president allegedly called Potanin and said that "deceiving partners is ugly."

A third party appeared in the deal: Prokhorov sold his stake in Norilsk Nickel not to Potanin, but to businessman Oleg Deripaska, a longtime friend of the Yumashev family. As a result, due to the division of property with Potanin and the sale of the share to Deripaska, Prokhorov received a total of $9.5 billion; it happened on the eve of the 2008 financial crisis.

Hundreds of newspaper pages were written about how the war of friends was held by journalists. Potanin bought 50% from Prokhorov in the KM Invest fund, where all joint assets of partners were transferred (except for shares in Norilsk Nickel and Polyus Gold), and 27.5% of Open Investments, 91% of Soglasie insurance company, Rosbank Management Company and a number of geological exploration assets were transferred to Prokhorov.

The main battle broke out in the spring of 2008 for the Prokhorov stake (25% plus 2 shares) of Norilsk Nickel, which Potanin needed like air to maintain a controlling stake in Norilsk Nickel. Potanin was sure that Prokhorov would sell this package to him. However, Prokhorov sold his stake a few months before the global fall in stock quotes almost at the peak of its market value UC Rusal Oleg Deripaska, the transaction amount is $4.5 billion and 14% UC Rusal. Vladimir Potanin was furious, but nothing can be done about it.

It was after this "feint of Prokhorov" that many said that he was a financial genius. It so happened that he entered the crisis not only without debts, but also with full pockets of cash. In 2009, Forbes estimated his fortune at $9.5 billion and awarded first place in the "golden hundred." Potanin with $2.1 billion was only 19th. It would seem that Mikhail Prokhorov completely beat his old friend. The recovery of markets that followed the protracted peak did not seriously change the alignment, but the gap in assessing the fortunes of former partners significantly narrowed. In 2010, Prokhorov with $13.4 billion - the second, and Potanin with $10.3 billion - the seventh.

In June 2008, Vladimir Potanin accused his former partner of non-compliance with agreements in a deal related to the sale of a blocking stake in MMC Norilsk Nickel. Potanin stated that "Prokhorov promised Usmanov and me to sell Norilsk and buy Polyus, but he did not." In response to this statement, Mikhail Prokhorov filed a lawsuit against Potanin demanding the refutation of this statement as defaming his business reputation. The judge satisfied the claim of Mikhail Prokhorov, recognizing Potanin's words as untrue and defaming business reputation with information.

Prokhorov concentrated on the investment fund he founded in 2007 ONEXIM and with its help consolidated everything that remained of the "divorce" from Potanin. According to the results of 2008, Prokhorov turned out to be the richest man in Russia according to Forbes magazine.

Since June 2008, Prokhorov has been a member of the Board of Directors of MMC Norilsk Nickel.

Since October 2008, Prokhorov is the president of the Russian Biathlon Union (replaced by Alexander Tikhonov).

State estimate of $9.5 billion No. 1 in Russia

At the end of 2008, Mikhail Prokhorov took first place in the list of Russian billionaires of Forbes magazine with a capital of $9.5 billion.

2009

Registration in the Krasnoyarsk Territory

In the May 2009 issue of Forbes, Prokhorov's fortune was already estimated at $9.5 billion. Thus, as a result of the crisis, Prokhorov lost $13.1 billion over the year.

On the night of June 6, 2009, on the decks of the Aurora cruiser, several hundred guests of the St. Petersburg Economic Forum celebrated the anniversary of the Russian Pioneer magazine, published with money from Mikhail Prokhorov.

In June 2009, Mikhail Prokhorov changed his Moscow residence permit for registration in the village of Eruda, Krasnoyarsk Territory. The businessman must pay in Erud income tax on individuals from a sale transaction for more than $5 billion to Vladimir Potanin 50% of the shares of the joint company - KM Invest. It was expected that the budget of the Krasnoyarsk Territory and the North Yenisei Region as a result of this will be replenished in 2009 by 16.6 billion rubles.

Buying American basketball club New Jersey Nets

In September 2009, Prokhorov entered into a deal to acquire one of the teams of the National Basketball Association - the New Jersey Nets. The Russian billionaire became the first foreign owner of the club in NBA history.

On September 28, 2009, Prokhorov's lawyer said that on August 7 of the same year, the investigating judge of Lyon, Nikola Sharrer, who had previously issued a warrant for Prokhorov's detention, dismissed the criminal case "for lack of corpus delicti."

Purchase of RBC media holding for $80 million

Mikhail Prokhorov bought RBC in 2009 from the founding fathers of the company (G. Kaplun and others) for $80 million.

2010

Statement on plans to release a new car

In January 2010, Prokhorov announced that he plans to start production on a fundamentally new basis of a low-budget city car using advanced technologies (at the Yarovit Motors enterprise).

Renaming the NBA Basketball Club

In August 2010, the management of the New Jersey Nets club of the National Basketball Association (NBA), owned by Russian businessman Mikhail Prokhorov, filed documents to rename the team. The new name is not specified, only the timing of the renaming is known: this will happen before the start of the 2012/13 season.

According to NBA rules, any club that intends to change the name, logo or uniform of players must contact the management of the association no later than 25 months before the start of the season, when the renaming is planned. The final permit is issued by the NBA Board of Directors, which includes 30 people.

Prokhorov has repeatedly stated that he intends to rename New Jersey, but has never named specific options. However, once a Russian businessman jokingly noticed that he was going to name a team in honor of his girlfriend and rename the club every time he changed his life partner.

Appointment of Polyus Gold as CEO

On December 9, 2010, Mikhail Prokhorov was appointed General Director of Pole Gold.

As of 2010, according to Forbes, Prokhorov's fortune is estimated at $13.4 billion.

2011

State of $18 billion No. 2 in Russia

According to the Forbes rating published in April 2011, Mikhail Prokhorov's fortune is estimated at $18 billion. He ranks second in the ranking of the richest businessmen in Russia.

Start of construction of the plant for the production of "Ye-mobiles"

The innovative activity of Prokhorov, one of the richest people on the planet, is associated primarily with a project to create a "people's machine," which was called "Yo-mobile." In December 2010, he presented a sample of a hybrid car, the development of which the businessman announced back in early 2010. The construction of the factory for the production of "Ye-mobiles" began in June 2011.

Yumashev makes a politician out of Prokhorov: the Right Cause party

In the fall of 2010, the Kremlin's entourage discussed who would represent the liberals in the 2011 parliamentary elections, and then Valentin Yumashev, the head of the presidential administration under Boris Yeltsin, remembered his friend Mikhail Prokhorov.

A couple of years earlier, many members of the Union of Right Forces, which broke up in 2008, accepted the Kremlin's offer to join the Right Cause party. As the former and. about. Chairman of the Political Council of the Union of Right Forces Leonid Gozman told Meduza, it was assumed that Right Cause would become the "political force of the liberal part of the country's leadership" and could be headed by one of the first persons.

By 2011, Dmitry Medvedev, who was then president of Russia, was actively interested in the party. According to sources from his administration, Medvedev at that time was on good terms with Finance Minister Alexei Kudrin - it was he who was offered by the president to lead the project. Kudrin nevertheless refused a political career, and Medvedev was put on the table a new draft of the "leadership troika" of the right-wing party: the owner of the Respublika stores Vadim Dymov, actress Chulpan Khamatova and Andrei Sharonov, who then worked as vice mayor of Moscow. But Medvedev did not like this list. "There is a crisis in the country. I need a person who will pay for everything, "the Meduza source quotes the former president, who apparently meant that the Kremlin was not ready to invest in a new project and unwind it at the expense of its resources.

As Prokhorov himself told in private conversations, Valentin and Tatyana Yumashev offered him to head the "Right Cause." Prokhorov treated this idea as "another super task." "It lit like a sparkler," a close associate of the entrepreneur tells Meduza.

At the party congress held on June 25, 2011, Prokhorov made a splash. The entrepreneur said that he would invest $100 million in the project, he promised to take another $100 million for the development of the party from fellow entrepreneurs Alexander Mamut (owner of SUP Media) and Suleyman Kerimov (owner of Uralkali), who, as Prokhorov hoped, would also join the party.

Kerimov and Mamut did not join the party, but many media people agreed to participate in Prokhorov's political project, including Alla Pugacheva, Andrei Makarevich and Yevgeny Mironov. At the same time, the Kremlin almost immediately began to advise Prokhorov to include outsiders and people not close to the entrepreneur in the election list. "They offered [TV presenter] Yulia Bordovskikh to include almost [singer and actress] Zhanna Friske," says a source from Prokhorov's entourage who worked in Pravaya Delo. The entrepreneur responded to this with a tough refusal.

Prokhorov's political image was taken up by technologists Iskander Valitov, Dmitry Kulikov and Timofey Sergeitsov. Prior to that, they promoted the Ukrainian politician Arseniy Yatsenyuk in the presidential election: billboards were posted throughout Ukraine, on which the intelligent and subtille Yatsenyuk posed in camouflage (Yatsenyuk gained about 7%, taking fourth place in 2010).

Political strategists also decided to add masculinity to Prokhorov - to make him a sharp, independent politician who can do without advice from the Kremlin. Many of their decisions, however, turned out to be wrong.

First, the party rebranded, its symbolism becoming similar to the imperial flag used by nationalists; the slogan "Our cause is right" also appeared. "And other people worked on that [ultrapatriotic] field, and the administration did not need it. All this Prokhorov did not feel, "says a person from his entourage.

Secondly, Prokhorov provoked a strong internal party conflict by hiring Rifat Shaikhutdinov, a State Duma deputy from the Liberal Democratic Party, as the head of the campaign headquarters. He quickly began to get rid of the liberals and give places on the lists to people far from party ideology.

Thirdly, political strategists turned Prokhorov against the main player at that time in the Russian domestic policy market - the first deputy head of the presidential administration Vladislav Surkov. To demonstrate his independence, Prokhorov had to first of all get rid of the image of the "Kremlin appointee," but he did it ineptly. "They [political strategists] played the mold of a politician and came across a conflict with Surkov," says a source from Prokhorov's entourage. He claims that the advisers constantly told the entrepreneur: "Vladislav Surkov is the enemy, we are not on the way with him." They insisted that Prokhorov is an independent politician who should not focus on anyone.

Finally, fourthly, Mikhail Prokhorov quarreled with President Dmitry Medvedev. Shortly before the start of the 2011 election campaign, the head of the country gathered the leaders of the parties and made a speech that in no case should there be people with a criminal record on the party lists. Medvedev threatened Zhirinovsky, saying that this concerns him personally, but did not even look at Prokhorov, because he was sure of him. At the same time, the entrepreneur planned to include Yekaterinburg politician Yevgeny Roizman in the federal list of "Right Cause," who served time for theft in his youth.

"What can a politician do in such a situation? You can enter into a meaningful dispute, say that there is no such defeat in rights, "says Prokhorov's former associate in the" Right Cause "in an interview with Meduza. - You can wait for the end of the meeting and fall into the legs, to say - the criminal record was 20 years ago, sovereign, have mercy. Prokhorov simply missed Medvedev's words past his ears and almost the next day announced that Roizman was coming with him. "

According to witnesses, Medvedev was simply furious. According to a source (May 2016), familiar with the leadership of the presidential administration, Medvedev and Surkov are still "pounding" from one mention of Prokhorov.

"When Surkov urgently demanded to remove Roizman from the list, the entrepreneur threw up his hands:" Look, I am a public politician, that Roizman is on the lists, everyone already knows how I will explain this to my electorate? "- he says.

As a result, Prokhorov was left without a party: it was technically taken away from him in September 2011. On September 14, the first day of the congress, the delegates were divided into supporters and opponents of Prokhorov. As a result, on September 15, two congresses were already held in Moscow. At one of them - at the Center for International Trade - the delegates removed the party leader from his post, and at the second - at the Russian Academy of Sciences - Prokhorov announced the "raider seizure" of the party, his resignation from it and his intention to create a new political force. At the same time, the billionaire criticized the Kremlin administration, saying, in particular, that he would seek the first deputy of its head Vladislav Surkov.

At the party congress, Prokhorov's opponents received a majority in the mandate commission, and then voted to remove Prokhorov from the post of party leader, which was replaced by the head of the executive committee, Andrei Dunaev.

"The return to our status quo was painful," Dunaev himself says. "Everyone understood that without Prokhorov the party would not gain a passing percentage to the Duma."

Dunaev cannot explain why the delegates committed political suicide. But Prokhorov himself announced that Surkov, whom the businessman-politician called the "puppeteer," was personally responsible for what happened.

After losing his post as leader of the Right Cause party, according to Prokhorov, he has not yet decided whether he will run for president in March 2012. The businessman took a break to analyze the situation. During this time, he planned to discuss with supporters the creation of a new movement and his further actions.

After the incident with the loss of the party at the end of September 2011, by presidential decree, Prokhorov was expelled from the Presidential Commission on Modernization, headed by Dmitry Medvedev.

Media Business Expansion Attempts

RBC Having acquired, Mikhail Prokhorov pondered how to build a truly serious media business on its basis. At first, he planned to unite the holding with Snob and the group Live!"," but, according to Meduza (May 2016), he was dissuaded from this by representatives of both parties - Sergey Lavrukhin both Herman Kaplun. They hardly stopped Prokhorov, as if tasting, from negotiating other purchases on the media market.

"We

avoided it as much as we could," says a source close to the then leadership of RBC. - Prokhorov regularly called Kaplun, and it looked even funny from the outside: yes, Mikhail Dmitrievich, thank you, no, not "Russian Newsweek '."

Former Chairman of the Board of Directors of RBC Lavrukhin confirms that negotiations with the owners of Russian Newsweek, the German holding AxelSpringer, were indeed conducted:

"The deal

could have taken place. But we looked at the financial condition of the magazine and found no sense. The weekly press was dying in principle, and Newsweek was no exception. "

According to him, Prokhorov in the period 2010-2012 also considered the possibility of combining his publications with the media assets of the entrepreneur Alexandra Mamuta and his group (SUP Media among the assets at that time - Livejournal and Газета.ру). Lavrukhin, on behalf of Prokhorov, also negotiated with the founders of the private TV channel "" Rain(began broadcasting in 2010) Natalya Sindeeva and Alexander Vinokurov about a possible merger with RBC, but the parties did not agree. Finally, Prokhorov also looked closely at the largest private Russian news agency "": Interfax on his behalf, ONEXIM investigated the prospects and risks of this transaction. However, the co-owner and general director of Interfax, Mikhail Komissar, was not interested in this proposal, Lavrukhin says.

Third place in the presidential elections in Russia

From September until the beginning of winter 2011, Prokhorov did not appear in public, and on December 12, 2011, a few days after the parliamentary elections, which ended with mass protests in Moscow, the businessman suddenly announced that he would run for president.

'

I made a decision, it's probably the biggest decision of my life. I am going to the presidential election, "he said. Prokhorov called his voter "the middle class in the broadest sense of the word." "I understand perfectly well and am aware that some ideas will definitely not get a majority, but I believe it is my civic duty to bring the information, what is happening in the world, what is happening in our country and how to find the very way, which will make our country prosperous and strong, "Prokhorov said, noting that he was not going to build an election struggle on populism

.

A source from the presidential administration tells Meduza that the businessman this time received a proposal to participate in the elections from Vladimir Putin. He was on his way to a third term and needed a decent but not dangerous competitor. Putin, the source says, met with Prokhorov and even identified the regions in which he could "work calmly" - million-plus cities, including Moscow, St. Petersburg and Yekaterinburg.

Putin could be sure of Prokhorov. The entrepreneur was personally obliged to him for his help in solving the problem of "divorce" with Potanin. And Prokhorov could not refuse the leader of the country. In addition, according to Meduza, the businessman was hinted that after the elections and depending on the results of the campaign, he has a chance to "integrate into the system" by taking the post of mayor of Moscow or receiving a portfolio in the cabinet.

While these negotiations were going on, the actions "For Fair Elections" in Moscow were gaining momentum. On December 24, 2011, Prokhorov towered over the crowd on Akademik Sakharov Avenue - it was the most crowded rally in the history of the white ribbon movement.

• Do

  you remain Putin's friend or not? the pensioner asked Prokhorov. The businessman hesitated.

"It

is up to the people to decide who is good and who is bad," he began to respond with a shrug. - I have seen people who sincerely support Putin. But I'm not a supporter of him. What he does I think is wrong.

For Prokhorov, participation in a public event turned out to be a test that he had to cope with: the entrepreneur retorted the attacks, tried not to pay attention to the snowballs that the communists threw at him. Next to Prokhorov in the crowd stood his associates in the "Right Cause" - Ural politician Yevgeny Roizman and actor Leonid Yarmolnik. A little behind was the host of NTV Anton Krasovsky.

Krasovsky on Sakharov Avenue was called by Prokhorov's longtime partner Julian Slashchev. Her company Mikhailov & Partners was engaged in PR support for many of the most important entrepreneurs and state officials, and Prokhorov was one of the largest and most reliable clients (he still works with Mikhailov, although Slashcheva herself is now the general director of STS). Right on the day of the rally on Sakharov Avenue, Prokhorov invited Krasovsky to head his campaign headquarters.

This time, the entrepreneur decided not to leave his "natural image." "Realizing that he was not a politician, we decided that we would rely on his ability to talk to the audience as a businessman," one of the managers of his presidential headquarters tells Meduse. - It worked for Moscow, and in the regions Prokhorov was given the image of a "plant director" who is close to the people. It had to be worked on. He learned 30 pages in clean handwriting - how much food costs in different regions. He knew how much a bag of milk costs in Krasnoyarsk and how much the same milk costs in Novosibirsk. "

According to Krasovsky, they tried to separate the rich Prokhorov everywhere with money - and this succeeded:

"Even the producers of commercials who, without hesitation, billed dollars a million for a couple of dozen short clips."

Television programs took money from him for appearing on the air, says a source at the headquarters; he notes that Prokhorov did not pay less than 100 thousand dollars for any program (with the exception of free broadcast from Vladimir Solovyov). The businessman did not bargain.

In the March 2012 elections, Prokhorov took third place after Vladimir Putin and Communist Party leader Gennady Zyuganov, gaining almost 8% of the vote. The best result among liberal politicians before Prokhorov was shown only by Grigory Yavlinsky in the 2000 presidential election - also third place, but only 5.8% of the vote.

The result was arranged by Prokhorov. Soon he began to prepare for the next race, less ambitious, but more real, - the early mayoral elections in Moscow, scheduled for September 2013. However, sources surrounded by the entrepreneur say, the head of the capital, Sergei Sobyanin, made a promise in the Kremlin to prevent such a strong opponent from entering the elections. The interlocutor of Meduza from the presidential administration at the same time denies the participation of Sobyanin in this story. According to him, the Kremlin initially bluffed, giving hope to Prokhorov: "Why did the Kremlin need these cockroaches of Prokhorov's run with Sobyanin? Why do they need Prokhorov in Moscow with his billions? Why shake the structure? "

Prokhorov was promised to arrange problems in the elections, and he apparently realized that it was pointless to fight. But the Kremlin allowed opposition leader Alexei Navalny to participate in this race - he took second place, receiving 27.2% of the vote.

However, a little earlier Prokhorov was still allowed to register his own political project, the Civic Platform party, which appeared in the summer of 2012. Now the entrepreneur no longer had to deal with either Surkov or Medvedev, and the project was considered "his own."

In three years, the party was able to become the first among non-parliamentary forces in the number of regional elections won. Nevertheless, inconsistency in the management of the party reduced the confidence of the already few liberal voters. So, for example, when Prokhorov refused to participate in the mayoral campaign, he promised to concentrate his forces in the elections to the Moscow City Duma. Nevertheless, he later abandoned this race.

With the same surprise, Prokhorov disowned the party itself. In March 2015, he demanded to expel its leader Rifat Shaikhutdinov from the party (the businessman lost his post in May 2014, two months after the annexation of Crimea to Russia) - due to the participation of the Civil Platform in the ultra-patriotic Anti-Maidan. And the next day he left the ranks of the party altogether - and, it seems, finally ended politics.

2012

List of assets

In 2012, the group's assets included or were managed by^[1]:

• Polyus Gold International (Pole Gold) is a leading gold producer, one of the largest gold mining companies in the world in terms of mineral reserves and production volumes (37.78% of shares);
• OK Rusal is the world's largest producer of aluminum and alumina (17.02%);
• Intergeo Management Company - Mining and Metallurgical Company (100%);
• Quadra (former TGK-4) is one of the key enterprises in the power supply system of the European part of Russia (50%);
• OPIN is a leading Russian investment and development group;
• Consent is a large insurance company in Russia (91%);
• Media group Live! - new generation media;
• RBC - a company consolidating the assets of RBC Information Systems (51%);
• International Financial Club - Universal Russian Commercial Bank (100%);
• Renaissance Credit - Russian commercial bank;
• e-AUTO is a company developing a hybrid car for urban needs (51%).

Close Live!

The Live! media group was founded in April 2008 by Mikhail Prokhorov and Vladimir Yakovlev. It was planned to create a media holding with a large set of various assets, such as a magazine and a separate website, organizing events, a club, a newspaper, a television channel, children's projects and others. In October 2008, the first project "Live!" Was released - the magazine "Snob," then a multimedia project about a healthy lifestyle "Live!" (TV channel + site), in February 2009 the weekly newspaper "F5. The Internet as a way of life. "

At the end of 2012, the holding began the restructuring process. As a result of the restructuring, two independent projects remained: Snob and Live! TV Channel. In January 2013, the Live! Media group Mikhail Prokhorov ceased to exist as a legal entity. Investments in the project amounted to several tens of million dollars^[1].

2013

Sale of Pole Gold

Polyus Gold was founded in 2006 during the allocation of gold mining assets of OJSC MMC Norilsk Nickel. The division of assets "Pole of Gold" between Potanin and Prokhorov occurred as follows: Prokhorov retained 26.8% of the company's shares, and Potanin sold his 37% stake in the company to the structures of businessman Suleyman Kerimov.

In September 2008, Polyus Gold OJSC announced negotiations with KazakhGold Group Limited (mining gold in Kazakhstan) in connection with a possible partial offer of a Kazakh company to acquire 50.1% of KazakhGold Group Limited shares issued and subject to issue. In the spring of 2010, the Government Commission on Foreign Investment of the Russian Federation approved a reverse takeover, during which, as expected, KazakhGold, registered on the island of Jersey, was supposed to acquire the assets of Polyus Gold and become the parent company of the group. It was assumed that the Polyus Gold International formed as a result will be listed on the London Stock Exchange, 73.6% of its shares will be received by Mikhail Prokhorov and Suleyman Kerimov. The transaction was first planned to be completed in August 2010, but later difficulties arose with the implementation of the transaction with the owners of the controlling stake in KazakhGold - the Asaubaev family, as a result of which its completion was postponed first for a month, and then for a longer period. As a result, it was announced that the deal was canceled.

Having failed to make a world-class company out of Polyus Gold, Mikhail Prokhorov decided to sell it. At the end of February 2013, the deal was closed and buyers of shares were announced: they became the structures of State Duma deputy Zelimkhan Mutsoev (acquired 18.5% of Polyus Gold for $1.77 billion) and the former co-owner of Wimm-Bill-Dann company Gabriel Yushvaev (19.28% for $1.846 billion). It is assumed that Prokhorov received $3.6 billion for the asset^[1]

Refusal to develop E-auto

Despite the active participation of Mikhail Prokhorov in the political life of the country, he promises to start selling Yo-mobiles in December 2012^[5]development of which is carried out by the Yo-Auto company controlled by the ONEXIM group. Previously, she presented in St. Petersburg to Russian consumers the concepts of a crossover, van and sedan. It is noteworthy that cars will be able to use gasoline or methane gas as the main fuel and will be equipped with electric motors. However, some observers perceive the statements about the start of serial production of domestic hybrids as impracticable, and they consider the whole idea only a spectacular PR move related to the election campaign of the project owner.

In April 2014, Mikhail Prokhorov announced that he had decided to abandon the E-mobile hybrid project and was transferring all technologies to the NAMI State Institute, and also planned to sell the workshops in St. Petersburg. Investment Director of Onexima Valery Senko explained the rejection of the project, announced by Prokhorov in 2010 and collecting 215,000 pre-orders, market decline and a sharp increase in equipment prices. He explained that the weakening of the ruble sharply increased the cost of production, because most of the equipment was supposed to be purchased abroad. The parameters of the project themselves, according to him, have changed since 2010. Then his budget could be $450 million. But "several hundred million euros" have already been spent on the research itself. And the decline in demand made the effectiveness^[1] project "unobvious."]

Refusal to purchase Svyaznoy Bank

In 2013, it was reported that Svyaznoy Bank and Onexim Group would combine assets. It was assumed that on the part of Svyaznoy it will include Svyaznoy Bank and a network of communication salons, and on the part of ONEXIM - the insurance company Soglasie and Renaissance Credit Bank and a major player will appear on the financial market. But later it became known that the deal fell through. The reason for the pause in negotiations on the creation of the holding was the dissatisfaction with the current state of one of the assets controlled by Mikhail Prokhorov ONEXIM - Svyaznoy Bank^[1].

2015: Up to 100% stake in Brooklyn Nets and Barclays Center Sports Arena

On December 3, 2015, it became known that Mikhail Prokhorov agreed on the terms of increasing his stake in the Brooklyn Nets club to 100%, as well as in the Barclays Center sports arena, Bloomberg writes, citing informed sources^[6]

The deal is being considered by the National Basketball Association (NBA), in the regular season of which Brooklyn plays.

By this time, Prokhorov already owns 45% of Barclays Center and 80% of the basketball club. The remaining shares are owned by Forest City, which works in real estate and is owned by Bruce Rutner.

Earlier it was reported that in general, Brooklyn Nets is estimated at more than $1 billion, along with the stadium - at $2 billion. Prokhorov five years ago paid about $220 million for the purchase of the team.

2016

Sale of superyacht for €27.5 million

In April 2016, Mikhail Prokhorov sold the 62-meter Solemar superyacht, its price was about €27.5 million.

Pressure from the authorities to buy out RBC

In May 2016, sources from Mikhail Prokhorov's entourage told Meduza that the Russian authorities were exerting serious pressure on him: the entrepreneur was forced to sell his RBC holding or change his leadership. According to them, the stronger this pressure, the more indifferent Prokhorov is to the holding, which has become the recognized leader of the media market in Russia. The businessman himself once said that once every eight years he completely changes the field of activity. Exactly eight years ago, a big change took place in his life: having shared assets with his former business partner Vladimir Potanin, Prokhorov became interested in politics and media. By 2016, all Prokhorov's political projects had come to an end; but what will happen to the media belonging to him is still unknown.

In December 2015, journalist Anton Krasovsky came home to Mikhail Prokhorov in Skolkovo for breakfast - they treated him to cheeses and sausage. This was their first big meeting since the 2012 presidential campaign - then Krasovsky and Prokhorov spent two months side by side: the businessman participated in the race, and the journalist led his headquarters. This time, the businessman invited Krasovsky to just eat and chat. However, the conversation, Krasovsky recalls, did not stick. Prokhorov enthusiastically talked about his American basketball club Brooklyn Nets, and then showed the journalist the gym. Krasovsky, on the other hand, was interested in Prokhorov's fate of the largest independent media holding RBC in Russia. But the businessman answered questions about the possible sale of the company evasively; he looked like someone who didn't really care about the subject.

By that time, there were already rumors on the market that Prokhorov was selling his media assets. However, they began to publicly discuss this only a few months later - on April 14, 2016, when searches were carried out at the headquarters of the ONEXIM group owned by the entrepreneur (investigators also appeared at the offices of his companies Quadra, Renaissance Capital, Renaissance Credit and Consent). The FSB explained what was happening by investigative actions in the criminal case of Tavrichesky Bank, which in February 2015 was reorganized by the ONEXIM group. Presidential press secretary Dmitry Peskov noted that the actions of the security forces have nothing to do with pressure on RBC; but this statement only spurred rumors about the sale of the holding.

Sources surrounded by Mikhail Prokhorov told Meduza that the businessman has been negotiating the sale of RBC for more than a year. At first, Prokhorov allegedly talked about this with Grigory Berezkin. After Berezkin failed to buy the Russian version of Forbes, he, according to some reports, became interested in RBC and turned to Prokhorov. At the same time, Berezkin insisted on repaying Prokhorov's debt, which he assumed when buying the holding seven years ago; Prokhorov did not agree with this.

Another Meduza source from Prokhorov's entourage says that Zakhar Smushkin, co-owner of the Ilim timber industry group, was a potential buyer of RBC. According to the source, Smushkin's managers in February 2016 were already discussing possible appointments in the holding after the change of ownership.

Both alleged buyers are united, firstly, by a long-standing acquaintance with each other, and secondly, by friendship with Prime Minister Dmitry Medvedev - he worked as a lawyer for Smushkin in the 1990s. The interlocutor of Meduza, close to the leadership of the economic department of the FSB, confirms: the head of the Russian government Dmitry Medvedev was interested in Prokhorov's deal with Smushkin.

In an interview with Meduza, one of the influential Russian media top managers notes that Smushkin and Prokhorov failed to agree on a price. Prokhorov invested about $80 million in RBC, and also took on $220 million in debts left over from the previous owners. In addition, according to people from Prokhorov's entourage, RBC holding by 2016 "increased its political weight," which should also be taken into account in the price of the asset. At the same time, according to the interlocutor of Meduza in the media industry, the market value of RBC is now no more than $60 million, and Smushkin was hardly ready to offer significantly more than this amount (what price he insisted on is unknown). Be that as it may, the negotiations, according to Meduza, stopped after the appearance of investigators in companies owned by Mikhail Prokhorov.

According to Meduza sources in the ONEXIM group, the FSB and Prokhorov's entourage, the Russian president personally authorized searches of the entrepreneur's companies. Vladimir Putin was outraged by the publication's publications dedicated to his family. A source in the leadership of ONEXIM notes that the Kremlin's claims to RBC "grew like a snowball," especially in recent months. Back in 2015, the country's leadership did not like some of RBC's publications - in particular, the investigation into Putin's alleged daughter Katerina Tikhonova, as well as the text about the business of Putin's alleged son-in-law Kirill Shamalov. And especially in the Kremlin were annoyed with how actively RBC in 2016 covered the publication of the Panama Archives.

According to two sources close to the leadership of RBC, the "RBC case" is supervised by the head of the newly created Rosgvardia Viktor Zolotov, who is considered a close ally of Vladimir Putin.

Asset Overview

The main assets of Mikhail Prokhorov are concentrated in the Onexim group created in 2007, which as of April 2016 includes or is under its management:

• Uralkali (20%) (sold in July 2016),
• Rusal (17%) (sold 12% of 17% in November 2016),
• Intergeo is a mining and metallurgical company,
• Quadra (former TGK-4) is one of the key enterprises in the power supply system of the European part of Russia
• "Consent,"
• "Snob ,"
• RBC,
• International Financial Club - Universal Russian Commercial Bank,
• Bank Renaissance Credit,
• Renaissance Capital and others.

Vedomosti: Mikhail Prokhorov decided to sell all Russian assets

The ONEXIM group of billionaire Mikhail Prokhorov decided to sell all its Russian assets. This was reported by the Vedomosti newspaper, citing five unnamed sources, including representatives of the group and a person who received an offer to buy.^[7] does not give official comments on this matter to ONEXIM^[8].

According to Vedomosti, the final decision on the sale of assets was made after searches were carried out at ONEXIM in April. According to rumors, the Kremlin recommended starting the sale. Press Secretary of the President of the Russian Federation Dmitry Peskov, in response to such assumptions, said: "No. That's not the case. Complete stupidity. "

It is noted that Prokhorov's representatives are negotiating the sale of the OPIN development group to the owner of the Moscow Credit Bank (MKB) Roman Avdeev. At the same time, the press service of OPIN did not confirm the fact of negotiations.

In addition, the investment bank Renaissance Capital is being sold, 100% of whose shares are owned by ONEXIM. In addition, there were unofficial conversations about the sale of the package in UC Rusal.

In April, Gazeta.Ru learned that Prokhorov was negotiating the sale of Quadra and RBC^[9].

In particular, among the potential buyers of Quadra, according to one of Gazeta.Ru's interlocutors, is Russian billionaire Leonid Mikhelson, and among possible buyers of RBC is National Media Group (NMG) Yuri Kovalchuk.

Huge investment losses of the late 2000s

In the late 2000s, the Prokhorov Fund "ONEXIM" invested about 65 billion rubles in the electric power industry, high technologies and sports. Subsequently, finance, chemistry, media, and automotive were added. The total amount of investments exceeded $5 billion (more than 300 billion rubles). As a result, by mid-2016, all these assets of Prokhorov generated about 47 billion rubles in losses^[10].

Data for July 2016^[10]

Sale of 12% of UC Rusal out of 17% for $700 million to Vekselberg and Blavatnik

In October 2016, it became known that Onexim Mikhail Prokhorov would sell 12% of UC Rusal for $700 million. The package is bought by the co-owner of the company - Sual Partners Viktor Vekselberg and Leonard Blavatnik.

Onexim began looking for a buyer for a stake in UC Rusal after the FSB conducted searches at the head office of the company in early June 2016.

For about 12% of the available 17% stake in UC Rusal, Onexim will receive about $700 million, three sources close to different sides of the upcoming deal said. Thus, the share of Sual Partners will grow from 15.8 to 27.8%. En + Oleg Deripaska at this time controls 48.13% UC^[11]. For more details see UC Rusal

Sale of OPIN in Rossium by Roman Avdeev

On December 27, 2016, the ONEXIM group of Mikhail Prokhorov announced the closure of a deal to sell a 90.99% stake in the development company OPIN to the Rossium concern, owned by the main owner of the Moscow Credit Bank, Roman Avdeev. He received the rights to the developer's land bank and all development projects, including the project for the reconstruction of the Torpedo stadium in Moscow. The amount of the transaction was not disclosed. It is possible that Mr. Prokhorov gave most of the assets of OPIN for debts. See OPIN for details.

2017

Message about plans to meet Putin with Prokhorov

The President Russia Vladimir Putin will meet with RBC owner Mikhail Prokhorov by May 28. This was announced on May 24, 2017. TV channel "Rain"

According to him, the president himself spoke about the upcoming meeting on March 16 during a conversation with the chief editors of the Russian media.

A federal official, speaking on condition of anonymity, confirmed that Putin is scheduled to meet with Prokhorov in the near future. At the same time, he could not say whether the meeting will take place before May 28.

At the meeting, as one of its participants told the TV channel, there were leaders, including Kommersant, Vedomosti, Nezavisimaya Gazeta and Novaya Gazeta. In addition, there, as the TV channel notes, were the general director of RBKNikolai Molibog and the co-head of the united editorial office of the Elizabeth Golikova.

According to the TV channel, Golikova was interested in Vladimir Putin's fate of the holding, but he evaded the answer, saying only that he would meet with the shareholder.

A Dozhd source close to ONEXIM's management said Prokhorov was going to discuss the terms of RBC's sale. According to him, the businessman needs guarantees that after the sale of the media business, he will be able to close other transactions on favorable terms.

According to a source close to the Kremlin, it is impossible to avoid a sale. At the same time, a federal official told the TV channel that the president was not going to talk about RBC, but "about business."

The TV channel notes that the meeting could be the first for Prokhorov since 2013. Then the businessman spoke at a meeting of the head of state with the leaders of parliamentary parties.

RBC sale to Grigory Berezkin

In June 2017, Onexim Mikhail Prokhorov sold a 65% stake in RBKGrigory to Berezkin. Read more here.

Sale of Snob Magazine

In September 2017, it was announced that the Onexim group of billionaire Mikhail Prokhorov sold the Snob publication to Marina Gevorgyan, General Director of Snob Media LLC.

In a statement, Onexima said the group had decided to dispose of media assets as part of its investment strategy. "Snob" remained the last such asset of "Onexima."

Billionaire Prokhorov's accounts froze in Cyprus

A credit institution in which the oligarch kept money is accused by ^[12] US Treasury of involvement in currency laundering and financing the proliferation of weapons^[13].

Russian billionaire Mikhail Prokhorov has 23 accounts in the Cypriot bank FBME Bank Ltd., which the US Treasury has convicted of conducting dubious operations. In particular, the US department suspected the credit institution of money laundering, financing the proliferation of weapons, evading sanctions and financing terrorism.

It is noteworthy that all accounts were opened on dummies, writes The Daily Beast, citing a confidential report of the Central Bank of Cyprus from 2014. How much the Russian businessman kept is not specified.

Now, according to the publication, absolutely all bank accounts are frozen. In May, the Central Bank of Cyprus revoked the FBME license, and the credit institution will soon be liquidated.

2019

Funding for The Bell

In February 2019, the Nezygar telegram channel reported that Mikhail Prokhorov was financing The Bell.

Sale of Brooklyn Nets basketball club to Alibaba co-founder

On August 16, 2019, Russian businessman Mikhail Prokhorov entered into an agreement to sell him the Brooklyn Nets basketball club to Chinese entrepreneur Joseph Tsai, who is the co-founder and current vice president of Alibaba Group. Read more here.

2020

Sale of 35.84% of IFC Bank shares to Tatyana Orlova

In March 2020, it was announced that entrepreneur Mikhail Prokhorov sold 35.84% of the shares of the International Financial Club (IFC) bank to Tatyana Orlova. The parties did not name the amount of the transaction.

Prokhorov has 57.6% of IFC (owns directly and through Onexim Holdings Ltd.), another 6.5% of the bank belongs to the wife of Rostec CEO Sergei Chemezov Ekaterina Ignatova. Prokhorov, Ignatova and Orlova are on the board of directors of the credit institution.

Investing in a VR technology developer

On August 17, 2020, the developer of VR technologies Sensorium announced the attraction of $100 million in total investments for its entire existence. The press release notes that businessman Mikhail Prokhorov became the first investor and helped the company alone. Read more here.

2022

Sale of Quadra for $337 million of Rosatom state corporation with a loss of 50%

The reform of the energy industry, conceived and carried out by Anatoly Chubais, at the end of the 2000s inspired optimism. Electricity prices were promised to make market prices, so investors rushed to buy up assets. Prokhorov chose one of the best - TGK-4.

This huge structure, which then consisted of 24 power plants, seven heating network enterprises and 665 boiler houses, provided half of the electricity needs of the European part of Russia. Before the purchase, the reporting company has always shown profit since 2007. Based on further growth in 2009, ONEXIM paid 26 billion rubles for 50.3% of the TGK-4 and renamed the company into PJSC Quadra.

OJSC "Quadra - Generating Company (TGK-4) Voronezh TGC" unites power plants of 10 former "AO-energo" located in the Central Federal District. The company includes 24 power plants and 7 heating network enterprises, 665 boiler houses. Revenue for 2009 - 29.7 billion rubles, net profit - 2.1 billion rubles.

In March 2009, after the purchase of TGC by ONEXIM, a new director, Yevgeny Abramov, came to the enterprise. He accepts the farm from the heirs of RAO UES, and with it an investment program is being developed to introduce new capacities in 2009-2015, rebranded, the organization is renamed. But at the same time, he fails to meet the deadlines for the commissioning of new generating capacities, of the eight planned construction projects, only one can be completed in 2009 and one in 2010. Russian Prime Minister Vladimir Putin, during a working trip to the USGES, called the work of the TGK-4 for the development of the country's power the weakest of all generating companies.

Quadra's year-on-year profit continued to decline. The net loss of OJSC Quadra in 2013 increased by 1.92 times to RUB 1.19 billion from RUB 619.51 million in the same period of the previous year. All this led to the fact that as of February 2014, the Quadra company cost 3.9 billion rubles on the exchange. In 2008, Onexim acquired a 50.3% stake in the company for 26 billion rubles. By April 2014, information had already appeared on the market that Onexim could sell its stake in Quadra to French EDF and Inter RAO^[1].

"

TGK-4 had a plan to spend the billions received on the construction of new facilities and, through the sale of additional capacity at high prices, to block losses from the production of thermal energy," said Alexander Kornilov, senior analyst at Aton for the oil and gas sector and electricity in 2016.

Construction, however, was slow, electricity prices were never fully marketable, and regulation of heat tariffs is still archaic.

"As a result, Quadra has been causing losses to ONEXIM for several years. Not only did the investor receive an unprofitable company, but the block of shares fell almost tenfold and now costs 2.3 billion rubles, "sums up the vice president of Smart Consulting Group (SCG) Lenar Hafizov^[14]

.

In January 2022, Mikhail Prokhorov sold Rosatom an 82.47% stake in Quadra. It is one of his last major industrial assets.

Prokhorov bought it in 2008 for $700 million, and in 2022 was able to sell it to Rosatom for $337 million. The company has generated losses all these years.

About 20 power plants and 317 boiler houses will be transferred to the state corporation.

Filing for Israeli citizenship

In April 2022, it became known that Mikhail Prokhorov received Israeli citizenship. According to Ynet, Prokhorov arrived in Israel on a private plane from Switzerland and has since filed all the necessary documents to become a citizen in accordance with the repatriation law.

Prokhorov was not sanctioned by the United States, the EU or the United Kingdom amid Russia's special operation in Ukraine.

9th place in the list of richest Russians with a fortune of $13.1 billion

Mikhail Prokhorov Foundation

Since 2004, Mikhail Prokhorov has been the founder of the Mikhail Prokhorov Charitable Foundation, co-founder and leader of which is his sister Irina Dmitrievna Prokhorova. The Foundation supports cultural, educational and scientific initiatives. The Mikhail Prokhorov Foundation sees its mission as, on the one hand, to systematically support the culture of Russian regions, increasing the intellectual level and creativity of local communities, on the other hand, to contribute to the integration of Russian modern culture into the global cultural space.

Awards

• 2004 - Order of the Holy Prince Daniel of Moscow, II degree (ROC)
• 2006 - Order of Friendship for contribution to the development of the economic potential of Russia

Family

His sister is literary critic Irina Dmitrievna Prokhorova, editor and publisher of the New Literary Review magazine.

Links

• http://mdp2012.ru/

Notes