Russian billionaire announces election bid

2011-12-12 16:41
Moscow - Mikhail Prokhorov, one of Russia's richest tycoons and New Jersey Nets basketball team owner, says he will challenge Prime Minister Vladimir Putin in next March's presidential election.

While he was cautious not to cross Putin's path in the past, Prokhorov may pose a serious challenge to Putin, whose authority has been dented by the parliamentary election on December 4 and massive protests against vote fraud.

Prokhorov said on Monday that a decision to run for president was "the most important decision" in his life.

Putin's hand has been weakened by a significant drop of support for his party in the parliamentary vote.

Opposition parties and election monitors say that even that result was inflated because of fraud. Tens of thousands Muskovites rallied on Saturday to protest vote-rigging and urge an end to Putin's rule.

Read more on:    russia  |  russia protests
NEXT ON NEWS24X

SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Add your comment
Comment 0 characters remaining

Inside News24

 
/News
 

Top 10 richest musicians of all time

Check out the gallery to find out who they are!

 
 

Luxury living

Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!
Horoscopes
Aquarius
Aquarius

You are active, busy and on a mission today. There may be a special person you wish to entertain and may put in the extra effort...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.