Russian billionaire playboy Mikhail Prokhorov is planning to hold a $10 million wedding party on Maldives to win a bet that he would get married before the age of 42, Russian tabloid Tvoi Den (Your Day) has reported.

Prokhorov, a top executive and co-owner of the mining giant Norilsk Nickel is said to be preparing a huge party to mark his 42nd birthday. The party will take place on two islands in the Maldives archipelago, about 700 guests are expected and the budget of the event tops $10 million.

At the same time, the billionaire plans to get married, but only for five days — just to win a bet. The name of Prokhorov’s bride was not disclosed and the paper reported that the place was still vacant.

Prokhorov gained notoriety earlier this year after he was detained by police at a French ski resort as part of investigation into international prostitution ring. He was released without charges.

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