Mikhail Prokhorov is reported to be worth $22.7bn (£14bn)
MOSCOW— Mikhail D. Prokhorov, the Russian billionaire and owner of the New Jersey Nets basketball team, announced on Monday that he would lead a liberal Russian political party with close ties to the Kremlin. The party that Mr. Prokhorov will lead, Right Cause, generally espouses pro-Western, liberal views in tune with those of the business and intellectual elite in Moscow and St. Petersburg.
“I have made this difficult and to a great extent unexpected decision,” he said in remarks broadcast on government television. He said he would demand “carte blanche” in managing the party, including the right to bring in new people and change its name.
“My goal is to take second place in the parliamentary elections this year,” he said in a later interview with the Interfax news agency.
The Kremlin did not immediately comment on the matter, though it is extremely unlikely that Mr. Prokhorov would have made the decision without the approval of Prime Minister Vladimir V. Putin and President Dmitri A. Medvedev.
http://www.nytimes.com/2011/05/17/world/europe/17russia.html?_r=1&ref=world
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