Rich Russian won’t seek presidency

Bloomberg News / August 4, 2011

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MOSCOW - Billionaire Mikhail Prokhorov said yesterday that he has no plans to run for president next year and is focused on winning parliamentary seats for his Pravoye Delo party.

“I so far have no ambitions for a presidential post,’’ Prokhorov, 46, said in an e-mailed response to questions.

Prokhorov, the owner of the New Jersey Nets basketball team, was elected chairman of Pravoye Delo, or Right Cause, on June 25. He said at the time that he was willing to become prime minister if the job were offered.

Pravoye Delo is seeking to challenge the dominance of Prime Minister Vladimir Putin’s party, United Russia, which holds 315 of 450 seats in the lower house of Parliament but had lost popular support in a poll last month.

Prokhorov entered politics after Putin set up the All-Russia People’s Front, a coalition of supporters that will campaign in December elections. top stories on Twitter

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