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

Yura Movsisyan got most expensive contract for Spartak

Movsisyan stated Krasnodar will always be dear to him and expressed gratitude to Krasnodar FC president Sergey Galitsky for ensuring perfect conditions for professional growth. Movsisyan completed a m...
Posted: April 10, 2015, 3:45 pm

MAGNIT PJSC: Correction Announcement Regarding Launch of Share Sale

MAGNIT PJSC (MGNT) MAGNIT PJSC: Correction Announcement Regarding Launch of Share Sale 15-Nov-2017 / 16:22 ... that the Company has an obligation to sell back the Sale Shares to Sergey N. Galitskiy un...
Posted: November 15, 2017, 8:53 pm

Yura Movsisyan: Krasnodar FC will always be dear to me

He further expressed gratitude to Krasnodar FC president Sergey Galitsky for ensuring perfect conditions for professional growth. “As for my transfer to Spartak Moscow FC, I’ve always dreamed of playi...
Posted: December 8, 2012, 11:19 pm
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