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The AVENUE A-List: Mikhail Prokhorov

Tuesday, October 11, 2011
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from the pages of AVENUE’s October issue…


The Most Influential New Yorkers of 2011


In New York, creating a “short list” of the most fascinating, powerful people

that make this city whirl and twirl is no easy feat. But once again we’ve done it—and narrowed down the names to a broad mix of personalities, many whose impact extends beyond the five boroughs. Some are mainstays, some are rising stars—whether they’re altering the skyline or a hemline—these people are the ones on top. Bottom line.


Mikhail Prokhorov

net worth


46-year-old Mikhail Prokhorov, the billionaire owner of the New Jersey Nets, dove head-first into the city’s consciousness by becoming the first foreign owner of an NBA team and a central player in one of New York’s biggest real estate dramas. Prokhorov is Russia’s second-richest man and proved himself a major force in New York real estate after developer Harry Macklowe defaulted on a $513 million loan from Deutsche Bank AG. Prokhorov offered to buy the Park Avenue site in question for $250 million back in 2008.


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