Mikhail Prokhorov Quotes

Powerful Mikhail Prokhorov for Daily Growth

About Mikhail Prokhorov

Mikhail Prokhorov (born March 3, 1965) is a Russian business magnate, politician, and former professional basketball team owner, best known for his entrepreneurial ventures in the energy sector and ownership of the Brooklyn Nets (NBA). Born into a family of engineers in Moscow, Prokhorov displayed an early affinity for mathematics and economics, eventually earning degrees from Moscow State University and Wharton Business School. Prokhorov began his career in the Russian military before transitioning to finance in the 1990s. He co-founded Onexim Group, a holding company that invests in various sectors including energy, telecommunications, and real estate. Prokhorov's most significant business achievement came when he purchased a majority stake in Polyus Gold, becoming one of Russia's wealthiest individuals. In the political arena, Prokhorov has been involved in various capacities, including founding Right Cause, a liberal political party, and running for President of Russia in 2018. His political stances have focused on economic reform, modernization, and reducing corruption. As a sports enthusiast, Prokhorov acquired the New Jersey Nets (now Brooklyn Nets) in 2004, overseeing their move to the Barclays Center in Brooklyn and their transformation into one of the NBA's most successful franchises. Throughout his life, Prokhorov has demonstrated a unique blend of business acumen, political ambition, and sports passion. His quotes reflect this multifaceted personality: 1. "I am not afraid of failure. I've failed many times before, and every time I've learned something." (On overcoming adversity) 2. "The best way to predict the future is to create it." (On innovation and entrepreneurship) 3. "Sports is a powerful tool for bringing people together." (On the unifying power of sports)

Interpretations of Popular Quotes

"The main thing in business is to know exactly what you want and where you are going."

This quote by Mikhail Prokhorov emphasizes the importance of having a clear vision and defined goals in business. Knowing precisely what one aims to achieve, as well as having a strategic direction, is crucial for success in any venture. It highlights that a well-defined purpose guides decision-making, helps prioritize tasks effectively, and ultimately increases the likelihood of achieving desired outcomes in the business world.


"Success often comes from taking a different approach than others."

This quote by Mikhail Prokhorov suggests that achieving success may require thinking or acting differently than the majority. It emphasizes the importance of originality, creativity, and individuality in overcoming challenges or pursuing goals. In essence, it's a call to think outside the box, challenge convention, and embrace innovative strategies to attain one's objectives.


"Entrepreneurship is not just about money. It's about making a difference, creating something new, and leaving a legacy."

Mikhail Prokhorov's quote emphasizes that entrepreneurship transcends the pursuit of monetary gain. Rather, it encompasses a deep desire to make a meaningful impact, innovate, and create lasting legacies. Entrepreneurship is about the passion to solve problems, create value, and leave an indelible mark on society by introducing something fresh and significant. It's this sense of purpose that fuels the entrepreneurial spirit and sets successful entrepreneurs apart from those who merely chase wealth.


"In order to achieve success, one must take risks. But the key is to make calculated risks, based on knowledge and understanding."

Mikhail Prokhorov's quote emphasizes that taking risks is essential for achieving success, but it is important to make informed decisions by using knowledge and understanding before taking those risks. In other words, it's not just about being adventurous or daring; instead, one should weigh the potential outcomes and make strategic choices based on available information to maximize the chances of success while minimizing unnecessary risks.


"I believe in the power of innovation, the power of ideas, and the power of people who have the courage to pursue their dreams."

This quote by Mikhail Prokhorov emphasizes three key principles: 1. Power of Innovation: He values fresh and creative ideas that can bring about change, progress, and improvement in various aspects of life. 2. Power of Ideas: Not just any idea, but those that have the potential to make a significant impact and shape the future. It's about the transformative power of thoughts and concepts. 3. Courage to Pursue Dreams: He highlights the importance of individuals who dare to chase their dreams, for it is these dreamers who can turn innovative ideas into reality and drive positive change in society.


I have no plans to have any other home than Moscow. However, I love to travel, and I'm very comfortable in New York. In many ways, it reminds me of Moscow in its energy and drive.

- Mikhail Prokhorov

Love, Very, However, Reminds

Some people say the reason I am not married is that I don't understand small business and the toughest small business in the world is a family. But when you are happy and feel every minute of your life, what is the reason to get married?

- Mikhail Prokhorov

Small, Reason, Some, Get Married

No one doing big business can avoid some contact with government agencies, regulators, and policy makers.

- Mikhail Prokhorov

Doing, Big, Some, Big Business

Sometimes, if I need assistance on the government level, I can appeal through official channels. For example, when I bought the New Jersey Nets, President Medvedev raised the issue with President Obama, who voiced support for the idea, which is always a nice thing to have going for us.

- Mikhail Prokhorov

Through, Idea, Nets, Channels

The government in Russia does not tell me what to do with my assets.

- Mikhail Prokhorov

Government, Russia, Does, Assets

Even before my parents died, I felt all the responsibility to my family. I don't know why. In any business, any relationship, if something goes wrong, I feel I am to blame. It's something inside me.

- Mikhail Prokhorov

Why, Feel, Before, Blame

Nobody was interested in me before I bought the Nets.

- Mikhail Prokhorov

Me, Before, Nets, Bought

I am addicted to sport. Without sport, I feel bad.

- Mikhail Prokhorov

I Am, Bad, Feel, Addicted

I learned from both my parents that you had to be clever.

- Mikhail Prokhorov

Both My Parents, Learned, Clever

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