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"has prospered" is a correct and usable phrase in written English.
You can use it when referring to an individual, group, or institution that has become successful or achieved wealth and great fortune over a period of time. For example: "Over the past decade, the company has prospered, becoming a leader in its industry."
Exact(58)
He has prospered.
And Asia has prospered.
But Iraqi Kurdistan has prospered.
Lily, too, has prospered.
The country has prospered visibly.
Everything I detest has prospered.
The monster concerto has prospered on recordings.
Apple has prospered by providing toys.
Against expectation, spin has prospered in Twenty20.
Since then the breed has prospered.
Jaguar has prospered under foreign ownership.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com