Russian tycoon and Brooklyn Nets owner Mikhail Prokhorov, who usually spends August aboard his $230 million yacht, the Palladium, in Ibiza, has been spotted floating around in Palma in Majorca checking out the King’s Cup sailing regatta.
The mogul “arrived with a large entourage on his yacht,” said a source, adding, “Russian models were spotted getting off the ship’s dingy.”
Prokhorov was seen enthusiastically cheering on the racers.
The futuristic Palladium features a pool, Jacuzzi and private theater. Spanish King Felipe and Queen Letizia, along with Princesses Leonor and Sofia, are also on the island.
Prokhorov’s net worth is estimated at $9.8 billion. He last year sold a 49 percent stake in the Nets to Joe Tsai.
But though records showed that his yacht was in Majorca, his rep later got back to us and insisted her boss was in Moscow.