Skip to content, or skip to search.

Skip to content, or skip to search.

nets

Nets Owner Mikhail Prokhorov Says He’ll Sell All His Assets If He Becomes President of Russia

Russian billionaire Mikhail Prokhorov speaks to the media after receiving his certificate of presidential candidate in the Central Elections Commission office in Moscow, on January 25, 2012. Russian metals tycoon and US basketball team owner Mikhail Prokhorov said last month he intended to challenge Prime Minister Vladimir Putin in the March 2012 presidential polls. AFP PHOTO / ALEXANDER NEMENOV (Photo credit should read ALEXANDER NEMENOV/AFP/Getty Images)

When Mikhail Prokhorov announced he was running for president of Russia, an NBA spokesperson said the league didn't have any rules against team owners holding office. But if Prokhorov were to win — and don't hold your breath, a recent poll put him in fourth place, well behind the favorite, Vladimir Putin — he says he'd sell all of his assets and donate his money to charity. Well, most of his money, at least: He says he'd keep $1 billion of his $18 billion fortune. "I’ll need something to live on," said Prokhorov. [Bloomberg]

0
Photo: Alexander Nemenov/AFP/Getty Images