Sergei Galitsky
Fashion and Retail

Sergei Galitsky Net Worth

8 months from now

Sergei Galitsky is a Russian entrepreneur and the founder and CEO of Magnit, the largest supermarket chain and cosmetics retailer in Russia. He began his business in 1994 as a perfume and beauty supplies wholesaler, and opened his first grocery store four years later. In 2006, he took the company public and still owns more than a third of it. Galitsky also owns a soccer team, a soccer academy, a personal jet, a yacht, and a country estate with a main house and eight satellite houses.
Sergei Galitsky is a member of Fashion and Retail

Age, Biography and Wiki

Birth Day August 14, 1967
Birth Place Krasnodar, Russia, Russia
Age 56 YEARS OLD
Birth Sign Virgo
Residence Krasnodar, Russia
Occupation Co-Owner of Magnit Owner of FC Krasnodar
Spouse(s) Viktoria Galitskaya
Children Polina Galitskaya

💰 Net worth: $3.2 Billion (2024)

Sergei Galitsky, widely recognized as a prominent figure in the fashion and retail industry in Russia, boasts an impressive net worth of approximately $3.2 billion, as estimated for the year 2024. Galitsky's immense wealth reflects not only his business acumen but also his unwavering commitment to transforming the retail landscape in his homeland. Through his various ventures and strategic investments, Galitsky has undoubtedly played a pivotal role in shaping Russia's fashion and retail sector. His remarkable success has earned him both admiration and respect, establishing him as a true titan in Russian business circles.

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.

Tags 1967 births Russian businesspeople Russian billionaires Living people Russian people of Armenian descent People from Krasnodar Russian football chairmen and investors FC Krasnodar

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About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.