Jay-Z's business partner, New Jersey Nets owner, Russian billionaire Mikhail Prokhorov has announced that he plans to challenge Prime Minister Vladimir Putin for the Russian presidency in March. Prokhorov is Russia's third-richest man; his wealth is estimated at $18 billion. His announcement comes on the heels of protests against the recent December 4th Russian elections, which were the biggest demonstrations in the country in over ten years.
“This is the most important decision of my life,” Prokhorov told reporters in Moscow.
Prokhorov says that he is looking to be an integrator of Russian political ideologies. In June, he became head of the Right Cause party, but quit three months later after disagreements with the Kremlin on how the party should develop.