Prokhorov Down $5B-$6B

[Pugz]

Forbes magazine estimated this week that Nets owner Mikhail Prokhorov lost between $5 and $6 billion last year, placing his net worth between $12 billion and $13 billion, down from $18 billion last March.

Most of that loss has come from the poor performance of his public holdings, which have gotten battered along with the Russian stock market.

Prokhorov still has an estimated cash pile of $4 billion, proceeds remaining from his 2008 sale of Norilsk Nickel to fellow billionaire Oleg Deripaska.

Via Forbes.com

damn his net worth is down. what a shame.

 

[RipCity32]

Must be nice to lose 6 million and have it not really matter lol.

 

[jonathanlambert33]

Poor soul.

 

[Elite]

Must be nice to lose 6 million and have it not really matter lol.

He lost billions, not millions lol

 

[elcheato]

Mob business must be down

 

[Giantmetfan07]

he's got a cash pile of $4 Billion.... wait, what?!?

 

[RipCity32]

I meant billions.

 

[cruzg24]

How do you have 4 billion lieing around... lol. It must be nice to lose billions and still not feel the pinch.