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Colorful billionaire, Mikhail Prokhorov enters Russian presidential race




Nets owner Mikhail Prokhorov with Nets investor Jay-Z celebrate Prokhorov's purchase of the team.
Nets owner Mikhail Prokhorov with Nets investor Jay-Z celebrate Prokhorov's purchase of the team.
Larry Busacca/Getty Images

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Billionaire Mikhail Prokhorov announced yesterday he would enter the Russian presidential race in a challenge to longtime leader Vladimir Putin. Prokhorov is known here in the states as the majority owner of the New Jersey Nets basketball team. He's one of the richest men in Russia and has a reputation for being a flamboyant playboy. Is Prokhorov a real challenger or is he a diversion? Madeleine talks to Chip Brown to find out.

Guest

Chip Brown is a writer who frequently contributes to the New York Times Magazine. Brown profiled Prokhorov last year for the magazine.