Mikhail Prokhorov: Fabulous Life in Pictures

By Elisa Wasson

Russian billionaire Mikhail Prokhorov is known for spending so much money for his fabulous life. He currently owns the New Jersey Nets basketball team, the island called North Island, two planes and a large yacht.

 

Mikhail Prokhorov is the third richest man from Russia and the 39th richest man in the world according to the 2010 Forbes list with a fortune estimated at $18 billion as per the Forbes Billionaire List. Despite being a billionaire, Mikhail Prokhorov only works two hours a day, the rest time he plays boxing, skiing and going to bed around 3am. Like most Russian leading industrialists, the youthful and Internet-savvy Mr. Prokhorov made his fortune in raw materials. While he was running Norilsk Nickel, this company became the world's largest producer of nickel and palladium in the early 1990s. He is currently chairman of Polyus Gold, Russia's largest gold producer, and President of ONEXIM Group which has weathered the crisis well. He owns the NBA's New Jersey Nets basketball team. He was No. 2 in last year's rankings.

Mikhail Prokhorov, the third richest man in Russia and 39th richest man in the world with an estimated fortune at $18 billion according to the Forbes magazine in 2010

His Moscow home has an indoor pool, party room, and massive gym

The close-up of the party room in the billionaire’s Moscow house

And here is the gym, completed with virtual ski machine

Mikhail Prokhorov always keeps a model of Solemar yacht in his home

The scene of Prokhorov’s real yacht which reportedly costs $45 million is used for jet skiing

Mikhail Prokhorov also owns two private jets, a $45 million Gulfstream V...

…and a $30 million Falcon 990

His watch, a Pierre Kunz Red Gold Tourbillon costs $138,000

In 2010, Mikhail Prokhorov spent $150 million to launch Snob magazine, the new Russian-language luxury magazine

In March 2011, Mikhail Prokhorov bought North Island in the Seychelles chain, off the southeastern coast of Africa in the Indian Ocean for around $35 million

In 2008, the third richest man in Russia almost succeeded in buying this $750 million French estate but backed out and set him back $55 million

Russian billionaire Mikhail Prokhorov has agreed to purchase the basketball team New Jersey Nets for a reported $200 million

 

Mikhail Prokhorov: Fabulous Life in Pictures

 

Related links:

Mikhail Prokhorov: Properties and Girlfriends of Russian President Candidate

Ways Tech Billionaires Spend Their Properties

Billionaires’ Exotic Private Islands

About the Author:

John Stevens is an Internet marketer and freelance photographer. He likes collecting photographs of celebrities, posting breaking news and writing articles to comment on outstanding events in the field of entertainment.

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Luxurious Life of Prince Jefri Bolkiah

By Brittany Stone

Prince Jefri Bolkiah is a member of the Brunei Royal Family. He is known as the younger brother of the current Sultan of Brunei Hassanal Bolkiah. Jefri Bolkiah currently possesses 2,300 cars, more than one hundred paintings, eight private jets, five luxurious yachts, plenty of restaurants and hotels and so on.

From 1986 to 1988, Prince Jefri served as the finance minister of his oil-rich country. In addition, he used to work as the chairman of the Brunei Investment Agency which was responsible for oversea investments.

Prince Jefri Bolkiah has a luxurious life and is considered Brunei’s notorious royal playboy, who has probably spent more cash than any other human in the world. The prince used to spend about $50 millions within a month.

Prince Jefri Bolkiah - a member of the Brunei Royal Family

The member of the Brunei Royal Family owns eight private jets

Prince Jefri Bolkiah spent $10 million in order to purchase for eight jewel-encrusted watches

Jefri Bolkiah spent $800,000 on commissioning artist J. Seward Johnson to make sexual statues of himself and his ex-wife

He also possesses a lot of five-star hotels, including the New York Palace in New York and Hotel Bel-Air in Los Angeles

A big mount of money of $17 million had been used by him to pay for the pop star Michael Jackson to perform at his 50th birthday

Prince Jefri is the owner of about 2.300 cars, including cars from luxurious brands such as Bentley, Ferrari, Rolls-Royce and so on

Prince Jefri Bolkiah used to be forced to surrender to the Brunei Investment Agency five diamonds, which is valued at $200 million

The prince also gave one of his wives a necklace that was auctioned off for $100,000

Besides, this member of the Brunei Royal Family owns five luxurious yachts

Prince Jefri bought Asprey, the London jeweler to the Queen for $385 million

 

Related links:

Luxurious life of little Prince Suri Cruise

Prince William’s Life in Picture

Living the Luxury Life

About the Author:

Mary Rose is currently a lecturer on society. In her free time, Mary is fond of joining social activities. Her goal is to provide up-to-date news and articles on society and culture.

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Warren Buffet: Best Investor

By Emma Murphy

Warren Buffet, known as legendary investor, is one of the most successful investors in the world. The investor is noted for his adherence to the value investing philosophy. He spent $30 billion on a railroad, which has been called “bet on the US economy”. Rail traffic surges 20% from a year earlier. He made investment in Hochschild, Kohn and Co and acquired stocks in the Washington Post Company. His acquisition of 12% stake in Salomon Inc. in 1987 made him the largest shareholder.

Warren Buffet is currently running his own company in addition to buying and selling investments.

 

Warren Buffet is just one of many bullish billionaires. Let’s discover what other billionaires have been buying.

 

 

John Paulson rose to fame for his multi-billion bet against subprime mortgages. He has bought up tracts of raw land with belief that land prices are coming back. In 2009, Paulson garnered $2.3 billion from fees received from his hedge fund.

John Paulson currently serves as the founder and president of Paulson & Co., the manager of several hedge funds.

Bill Miller’s Legg Mason Value Trust outperformed the S&P 500 15 consecutive years from 1991 to 2005. Miller once said, "As for the so-called streak, that's an accident of the calendar… We've been lucky. Well, maybe it's not 100% luck—maybe 95% luck.”

Leon Cooperman purchased 1.2 million of Ford (F), 720,000 of Bank of America (BAC), and 3.3 million shares of Microsoft (MSFT).

Ken Fisher has been bullish on innovative ways to extract more coal and gas out of ground.

 

 

About the Author:

Economics is the study of our lives,our jobs, our homes, our families and the little decisions we face every day. Thus, I am keen on reading and studying economic issues.

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