Prokhorov Puts His Bets on Debt
Prokhorov, pictured during an interview in his office, says he wants to help the government restructure bad debts.
Billionaire Mikhail Prokhorov said the best place to invest during the crisis is in debt restructuring, a niche that has so far gone largely unfilled.
Prokhorov, Russia’s richest businessman, also said a government goal to halve inflation to about 6 percent was realistic, and he criticized the authorities for cutting investment in infrastructure.
Prokhorov, who spoke in a wide-ranging interview with The Moscow Times, voiced hopes of turning the New Jersey Nets into a profitable basketball team in three years and appealed to the government to allow heating generators to redirect their investment from constructing power stations to building grids.
“We want to help the state by participating in the restructuring of the bad debts of banks and companies,” Prokhorov said last week, sitting in his penthouse office on Tverskoi Bulvar.
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