Mikhail Prokhorov
| 12:15PM 9/15/2011
Russian billionaires are getting so rich that not even ordinary cell phones will do anymore. Danish company Aesir has created an 18-carat, limited edition cell phone that will retail for more than $57,000. The target buyer? Moscow's fashionistas and monied elite.
| 12:10AM 7/09/2010
LeBron James' decision to sign with the Miami Heat means the owners of the New Jersey Nets will miss out on a huge jump in team value that would have likely occurred had the basketball star chosen to move to the Garden State. And one of the Nets' owners is LeBron's pal, Jay-Z. The hip-hop mogul could be missing out on a potential gain of over $5 million.
| 1:00PM 9/24/2009
One of the worst teams in the National Basketball Association (NBA) is now going to cause wailing and gnashing of teeth overseas, as the New Jersey Nets are about to be purchased by Russian billionaire Mikhail Prokhorov.
On Wednesday, Prokhorov announced that he has a deal to purchase 80 percent of...