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.

Sergey Galitsky Latest News

Assets of Russian retailer Magnit exceed 18.4 billion Euro

On 28 October, the value of assets of the well-known retail chain Magnit exceeded a trillion roubles (18.4 billion Euro), - has posted in his blog the CEO of OJSC Magnit Sergey Galitsky. According to the Moscow Stock Exchange, within 24 hours the shares of ...
Posted: October 30, 2014, 7:06 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. The stadium has screens that go right round Instead ...
Posted: October 11, 2016, 8:08 am

Krasnodar vs. Everton: Winners and Losers from Europa League Game

Krasnodar chairman Sergey Galitsky espouses positive, attractive football, and manager Aleh Konanaw obliges by encouraging his players to play a possession-oriented, free-flowing game. Krasnodar had Everton on the back foot for extended spells on Thursday ...
Posted: October 2, 2014, 12:35 pm
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