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Mikhail Prokhorov loses $68 million deposit. Here’s what he could have spent that money on

(Leva Geneviciene)

Brooklyn Nets owner Mikhail Prokhorov wanted to buy a house. Not just any house: Lily Safra’s Villa Leopolda, in Villefranche-sur-mer, France. And then, according to Forbes, Prokhorov backed out at the last second, losing his deposit.

The estate is reportedly one of several waterside homes that King Leopold II of Belgium built for his many mistresses. Set on 20 acres, the massive home was valued at 500 million euros ($750 million at the time), when Russian billionaire Mikhail Prokhorov tried to buy it in 2008. Prokhorov eventually backed out of deal, losing his 50 million euro deposit.

That deposit in US Dollars: $68,533,247.01.

Here are some other things you could do with that kind of cash:

Neil Greenberg analyzes advanced sports statistics for the Fancy Stats blog and prefers to be called a geek rather than a nerd.



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Neil Greenberg · May 14, 2014

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