Russia

Being a Russian Media Mogul Is Dangerous

The empire of billionaire Mikhail Prokhorov may be under attack because of his news organization's reporting on Putin.

The NBA may be safer.

Photographer: Alex Goodlett/Getty Images

Mikhail Prokhorov's wealth is estimated at $10.2 billion, but a tiny portion of his assets -- a media company with a market cap of just $32 million -- is putting the rest of his Russian business at risk. President Vladimir Putin is willing to tolerate relatively independent media companies, as long as they're small and don't get too close to subjects that are uncomfortable for him. Prokhorov owns a popular media operation that has been too unafraid to show its teeth.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.