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MOSCOW -- Mikhail Prokhorov, one of Russia's richest tycoons and the owner of the New Jersey Nets basketball team, said Monday he will run against Prime Minister Vladimir Putin in the March presidential election.
Prokhorov, whose wealth the Forbes magazine has estimated at $18 billion, has been cautious not to cross Putin's path in the past. But the tycoon's candidacy may now pose a serious challenge to Putin, whose authority has been dented by his party's poor showing in Russia's Dec. 4 parliamentary election and allegations of widespread fraud during the balloting.
Prokhorov, whose wealth the Forbes magazine has estimated at $18 billion, has been cautious not to cross Putin's path in the past. But the tycoon's candidacy may now pose a serious challenge to Putin, whose authority has been dented by his party's poor showing in Russia's Dec. 4 parliamentary election and allegations of widespread fraud during the balloting.
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