Sergey Galitsky Net Worth is$8.2 Billion
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Date of Birth: 1967-08-14
Country: Russian Soviet Federative Socialist Republic
Sergei Galitsky Net Worth: Sergei Galitsky is a major Russian businessman who has a net worth of $8.2 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, 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.
Sergey Galitsky (Russian: ???u?????u???? ?????>>?,?????,??) is a major Russian businessman, co-owner of major retail chain Magnit, and president of FC Krasnodar. According to Forbes magazine, in 2013 his personal fortune was estimated at US$8.2 billion.
Sergey Galicky was born on 14 August 1967, in the village Lazarevskoye of Krasnodar Krai. 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 (currently there are nine), and immediately after a 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.

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Sergey Galitsky Latest News

Five things you should know about FC Krasnodar

3. They’re bankrolled by a billionaire Krasnodar’s owner, Sergey Galitsky, is a self-made billionaire. The 48-year-old started with one corner shop in Krasnodar and is now the majority shareholder of the largest retail chain in Russia, Magnit.
Posted: July 15, 2016, 7:03 am

Forbes: Eight Armenians included in Russia's rich list

The majority shareholder and general director of Magnit retail chain Sergey Galitsky (Harutyunyan - Ed.) is ranked the 18th. His fortune is estimated at $ 6.8 billion. The president and founder of Tashir group of companies Samvel Karapetyan is placed the ...
Posted: April 20, 2017, 10:20 am

The stunning new Krasnodar stadium you won’t see at World Cup 2018

The locals are said to be outraged that their new pride and joy – bankrolled by Krasnodar billionaire owner Sergey Galitsky – won’t feature the greatest show on Earth in two years’ time. Instead, it will host only FC Krasnodar, who beat Motherwell ...
Posted: October 11, 2016, 8:08 am
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