Sergei Galitsky

About Sergei Galitsky

Birth Day: August 14, 1967
Birth Place: Krasnodar, Russia, Russia
Birth Sign: Virgo
Residence: Krasnodar, Russia
Occupation: Co-Owner of Magnit Owner of FC Krasnodar
Spouse(s): Viktoria Galitskaya
Children: Polina Galitskaya

Sergei Galitsky Net Worth

Sergei Galitsky was bornon August 14, 1967 in Krasnodar, Russia, Russia. Sergei Galitsky is the founder and CEO of Magnit, Russia's biggest supermarket chain and cosmetics retailer with more than 14,000 stores. He got his start in 1994 as a perfume and beauty supplies wholesaler. An admirer of Wal-Mart, he opened his first grocery store four years later and advertised using the slogan "Always Low Prices." (Wal-Mart's slogan has long been "Everyday Low Prices"). He took the company public in 2006. Galitsky, who still owns more than a third of the company, also owns the soccer team Krasnodar and a soccer academy. He has invested about $460 million in a new soccer stadium nicknamed Galiseum by local journalists. His country estate has a main house and eight satellite houses for his daughter and the coach of his soccer team among others. He owns a personal jet and a yacht.
Sergei Galitsky is a member of Fashion and Retail

💰 Net worth: $3.7 Billion (Updated at 22 June 2018)

2010 $2.9 Billion
2011 $5.5 Billion
2012 $4.9 Billion
2013 $8.2 Billion
2014 $10.3 Billion
2015 $8.3 Billion
2016 $5.7 Billion
2017 $6.8 Billion
2018 $4.19 Billion

Biography/Timeline

1967

Sergey Arutyunian was born on 14 August 1967, in Lazarevskoye, a suburb of Sochi, southern Russia, his mother is Russian and his Father is Armenian. He later adopted his wife's surname.

1993

In 1993, he graduated from the Economics faculty of Kuban State University. A year later, he founded the company, "Tander", which traded wholesale cosmetics and perfumery. In 1998, he built the first distribution center, and immediately after the 1998 Russian financial crisis, opened the first grocery store "Magnit" in Krasnodar. In 2000, he switched to Retail, and created the largest network by number of stores in Russia. In 2006, the company conducted its IPO and was valued at $1.9 billion.