Russian billionaire Mikhail Prokhorov said to receive Israeli citizenship

Russian billionaire Mikhail Prokhorov has received Israeli citizenship, the Ynet news site reports.

According to the report, Prokhorov arrived several days ago on a private jet from Switzerland and has since filed all the necessary paperwork to become a citizen under Israel’s Law of Return.

Prokhorov, who is listed by Bloomberg as Russia’s 12th richest individual with a net worth of $13.8 billion, has not been sanctioned by the US, EU or UK in the wake of the Russian invasion of Ukraine, as have other Russian oligarchs over their ties to President Vladimir Putin.

He currently owns the largest gold producer in Russia and was a previous owner of the NBA’s Brooklyn Nets basketball team.

Prokhorov also tried his hand in politics, running unsuccessfully in the 2012 Russian presidential elections, when Putin regained the presidency after a stint as prime minister.

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