Ian Bunn | Political & Popular Culture Arts

Mikhail Dmitrievitch Prokhorov the 46 year old Russian billionaire entrepreneur industrialist in precious metals and owner of the New Jersey Nets basketball team in the US has confirmed an intention to enter Russian politics, the first high profile Russian businessman to do so since the 2003 demise of Mikhail Khodorkovsky the former oil magnate who was imprisoned and his assets seized by the state. Prokhorov has submitted a proposal to the pro-business ‘Right Cause Party’, seeking to head up the political leadership of the party in readiness for the nation’s elections at the end of this year. The ‘Right Cause Party’ does not at this stage hold any political office within the nations parliament. Prokhorov is Russia’s third wealthiest billionaire with a self made personal fortune of 18bil US dollars.

Inspired by Miriam Elder http://ow.ly/56vdT image source Wikipedia http://ow.ly/56vtz

Warren Edward Buffett the 80 year old industrialist and philanthropist, consistently ranked among the world’s wealthiest people, and widely regarded as one of the world’s most successful investors has announced his delight at the success of his recent acquisition of a Santa Fe railway company. In the annual letter to his shareholders, Buffett expresses the highlight of the year being the better than expected outcomes from the acquisition, with great potential as fuel prices increase providing railways a greater advantage over long haul road transport. Buffett’s investment strategy differed considerably from other investors during this recessionary period, going back to basics rather than looking to emerging industries and technologies.

Inspired by Annie Lowrey ow.ly/4fvDR image source Mark Hirschey ow.ly/4fvC8