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Brooklyn Nets Give Prokhorov Assist as Tycoons Face Crisis

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Mikhail Prokhorov built his $10.5 billion fortune in Russian commodities, but with the country’s economy in freefall, it’s his holding in the National Basketball Association’s Brooklyn Nets that’s proving his most secure investment.

The commodities tycoon who ran against Vladimir Putin for president two years ago bought the Nets and their unfinished arena the Barclays Center for $223 million in 2010. Those assets are now valued at as much as $2.7 billion, meaning Prokhorov’s share could amount to as much as $1.8 billion.