On Monday, August 26, Russian billionaire-turned-politician Mikhail Prokhorov once again dismissed  rumors that he would soon quit politics.

      Earlier on Monday, some Russian daily news said that  the billionaire was about to leave his Civil Platform party and was looking for a possible successor. The party’s press service refused to comment.

      “Various media hoaxes do not surprise me anymore. The media have been saying goodbye to me ever since I entered politics. I’m not going anywhere. I will remain in politics,” Prokhorov said. He also confirmed intentions to run in elections to the Moscow legislature in 2014.

      Prokhorov, 48,  entered politics in 2011, unsuccessfully attempting to participate in the parliamentary elections. In 2012 he participated in a presidential race, finishing third with about 8 percent of the vote.

      Prokhorov has been keeping a low political profile since then, fighting allegations of being a Kremlin spoiler and insisting that he has focused on grassroots work, building a strong party for future elections.