Prokhorov Income Up, Worth Down
by Net Income on Jan 27, 2012 3:30 PM EST
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Today, we are faced with two somewhat contradictory reports on Mikhail Prokhorov's wealth. New calculations of his INCOME, which he filed with the Russian Central Election Commission, show his annual income over the last four years at $3.7 billion, or close to a billion dollars annually.
Meanwhile, Forbes is reporting that his two biggest investments have seen better days, dropping by half (RusAl, the big Russian aluminum producer) and by a third (Polyus Gold)...although both are picking up again. As a result, says Forbes, Prokhorov's NET WORTH has dropped $5 billion to between $12 and $13 billion, about the same as Trail Blazers' Paul Allen. Will it effect the Nets? Nope, say insiders. He's still paying the bills.
- Nets Owner Mikhail Prokhorov Worth Billions Less - Luisa Kroll - Forbes
- Nets owner Mikhail Prokhorov's net worth down by $5 billion, according to report - Colin Stephenson - Star-Ledger
- Nets gains – in spite of current struggles - John Brennan - The Record
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I still can't believe
anyone can have a BILLION dollars. That’s INSANE
Nets Mets Giants All day Every day.
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that's his ANNUAL INCOME
or $33 million a DAY!
"It's as sweet as it ever was, I'll tell you. Now, hopefully, we started something and we can win some more championships, but we're going to enjoy this one right now. Have a little champagne." --Julius Erving, May 12, 1976, ABA champion Nets locker room.
That's just ridiculous
I would gladly take even 200,000. We Nets fans need our compensation
Nets Mets Giants All day Every day.
Beware the Lopez
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give me 20grand
Pay off all debt….stash 5 and put rest down on new car and id be happy as hell
by MetsNetsGiants on Jan 27, 2012 6:20 PM EST via mobile up reply actions
It's very tough to estimate a billionaire wealth!! Too many variables.
He will make good money once Barclays center opens!!
Marc Stein wrote
that those who saw his financials, with the details at the NBA told him the number was $25+ billion.
"It's as sweet as it ever was, I'll tell you. Now, hopefully, we started something and we can win some more championships, but we're going to enjoy this one right now. Have a little champagne." --Julius Erving, May 12, 1976, ABA champion Nets locker room.
That was 1 2/3 years ago. I believe what Proky puts down on his financial statement more that Forbes, who always seem to be on the low end of Proky's wealth.
I thought the price of Gold has rocketed up to $1700 an ounce (high was over $1900.?
not according to Forbes anyway
"It's as sweet as it ever was, I'll tell you. Now, hopefully, we started something and we can win some more championships, but we're going to enjoy this one right now. Have a little champagne." --Julius Erving, May 12, 1976, ABA champion Nets locker room.
Not a conspiracy theorist that much, but...
Do you guys feel that somehow this Swag thing is going in that way that he might be out (6-8 weeks kind of stuff) to avoid any trade involving him.
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