Mikhail Prokhorov, through Onexim Sports & Entertainment, is the principal owner of the Nets.

Mikhail is the principal owner of Onexim Group, a private investment holding company created in 2007. Among the assets currently owned and/or managed by Onexim Group are metals companies (Rusal, MMC InterGeo) financial services (Renaissance Capital, IFC-Bank, Soglassye Insurance Company), media outlets (RBC, Mediagroup JV, Snob and Russian Pioneer magazines, FIT television channel, F5 web portal/newspaper), real estate development (Open Investments), utilities (Quadra) and high technology (Optogan, VOT-Capital). Onexim Group is also currently in the process of launching Russia's first hybrid car.

Prior to Onexim Group, Mikhail was the Chief Executive Officer of Norilsk Nickel, the world's largest producer of nickel and palladium, from 2001 to 2007. In this capacity, in addition to transforming Norilsk Nickel into one of the world's premiere mining and metals companies, he spearheaded the company's investments in sports, including leading CSKA to two Euroleague basketball championships.

Before joining Norilsk Nickel, Mikhail was the President of Rosbank, a leading Russian commercial bank, from 2000 to 2001. From 1993 to 2000, he had served as Chairman of the Board of Onexim Bank, at the time Russia's largest privately-owned commercial bank. From 1992 to 1993, he was Chairman of the Board of International Finance Company, a Russian commercial bank.

In 2011, Mikhail stepped away from the day-to-day management of his assets to enter the political realm. He briefly headed a political party, and then campaigned as an independent candidate for the presidency of the Russian Federation. He is currently focusing his efforts on leading a political party in Russia called the Civic Platform.

Mikhail was born in Moscow, Russia in 1965. His mother, Tamara, was a chemical engineer and his father, Dmitry, was head of the international department for the Soviet Sport Committee, a circumstance that greatly influenced his love of sports from an early age.

Mikhail is passionate about sports and, in addition to basketball, enjoys windsurfing, jet skiing, heli-skiing and kickboxing. He also serves as President of the Russian Biathlon Union.

Mikhail created the Mikhail Prokhorov Foundation in 2004 to support a wide range of causes, from sports to cultural development. The Prokhorov Foundation is run by Mikhail's sister, Irina.

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