Mikhail Prokhorov

* In 1989, Prokhorov graduated with honors from the Finance Academy under the Government of RF, known at the time as the Moscow Finance Institute. From 1989 to 1992, Prokhorov worked in a management position at the International Bank for Economic Cooperation, and afterwards shortly served as head of Management Board of the International Finance Company (MFK). In 1993, aged 28, during the largely un-regulated privatization of former state-controlled industries after the fall of Communism, Prokhorov (together with Vladimir Potanin) engineered the acquisition of Norilsk Nickel by Onexim Bank, of which he was then chairman of the board
* His offical web site - link
* His mother, Tamara, was a chemical engineer and his father, Dmitry, was head of the international department for the Soviet Sport Committee, which greatly influenced his love of sports from an early age. While still a student, Mikhail earned his first money unloading railway cars, and he then established his first business venture stone-washing blue jeans
* he contrived to be born at the right time and in the correct family, thus unable to fully take advantage of the troubled times of great economic reforms. The family was able to give him all that is necessary for a successful career. Prokhorov's father worked as head of the Laboratory Glavprofobra, the mother was in charge of the department of polymers at the Moscow Institute of chemical materials, so the preparation for entrance exams to the prestigious Moscow Institute of Finance at the Faculty of International Economic Relations (IER), Prokhorov was no problem.
* It would have worked as a financier Prokhorov in the banking system, if not meeting with Vladimir Potanin, to budding entrepreneurs. Founder of the company "Interros" and the future oligarch Prokhorov came to the bank for the money. As it turned out, in addition to the loan he received a kindred spirit. Potanin and Mikhail Prokhorov as business partners met in a very good time. His career success Prokhorov required financial genius of his partner Potanin. In spring 1995, he developed a unique pattern on the yield of credit government bail shares of privatized enterprises. April 13, 1996 there was a turning point in the fate of Prokhorov. Order of the Government he was appointed a member of the Board of Directors of the then state of Norilsk Nickel, the producer of nickel and platinum group metals. Next Onexim Bank acquired RAO Norilsk Nickel, the oil company Sidanco, a piece of the Novolipetsk Metallurgical Combine and the greater part of the North-Western Shipping Company. All of these "flagships of the economy" have cost the company Prokhorov and Potanin about a third of its real value, making friends, businessmen richest men in Russia. (link)

Highlights

* In 1993, aged 28, during the largely un-regulated privatization of former state-controlled industries after the fall of Communism, Prokhorov (together with Vladimir Potanin) engineered the acquisition of Norilsk Nickel by Onexim Bank, of which he was then chairman of the board
* He contrived to be born at the right time and in the correct family, thus unable to fully take advantage of the troubled times of great economic reforms.
* His career success Prokhorov required financial genius of his partner Potanin.

==BENEFITTING FROM ECONOMIC AND REGULATORY DISCONTINUITIES ESP DURING NASCENT STAGES OF A MARKET==
==BORN IN THE RIGHT TIME IN THE CORRECT FAMILY==
==HAVING A PARTNER WHO IS A FINANCIAL GENIUS==