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Sergey Galitsky Net Worth

He is the founder and majority shareholder of Magnit, the largest grocery retailer in Russia. He also owns a large stake in the Russian oil company Lukoil. Galitsky has been named one of the most influential people in Russia and is one of the wealthiest people in the country. Sergei Galitsky is a major Russian businessman with a net worth of $8.1 billion. He is the founder and majority shareholder of Magnit, the largest grocery retailer in Russia, and also owns a large stake in the Russian oil company Lukoil. Galitsky has been recognized as one of the most influential people in Russia and is one of the wealthiest people in the country.
Sergey Galitsky is a member of Richest Billionaires

Age, Biography and Wiki

Birth Day	August 14, 1967
Sergey Galitsky age	56 YEARS OLD
Birth Sign	Leo
Net Worth:	$8.1 Billion
Gender:	Male

💰 Net worth: $8.1 Billion (2024)

Some Sergey Galitsky images

Sergei Galitsky Net Worth: Sergei Galitsky (sometimes spelled Sergey Galitskiy) is a major Russian businessman who has a net worth of $8.1 billion. Born on 14 August 1967, in Lazarevskoe, Russia, Sergei Galitsky is the biggest supermarket chain and cosmetics retailer in Russia. Only a year after his graduation from the Economics Faculty of Kuban State University in 1993, Galitsky set up a company named "Tander" that dealt with trading wholesale cosmetics and perfumery.

Five years later, he formed the first distribution center in the country, whereas today there are nine. Right after the crisis in Russia, Galitsky was also the one to open the first grocery store, "Magnit", in Krasnodar. The success of the store was mainly because of its slogan "Always Low Prices," which was inspired by Wal-Mart's "Everyday Low Prices." By the beginning of the 21st century, he turned to retail creating the largest network in Russia, in terms of number of stores. Sergei Galitsky took the company public in April 2006, when it was valued at $1.9 billion. Even though he decided to sell an 8% stake of the company, Sergey Galitsky is still the holder of a 38% stake, among his other investments in agriculture, development, tourism and advertising. Most recently, he purchased a business jet, plus, he has a yacht under construction.