Sergei Galitsky Net Worth

Sergei Galitsky Net Worth is

Sergei Galitsky Biography

$8.8 Billion: Sergey Nikolayevich Galitsky (Серге́й Николаевич Галицкий), born Sergey Arutyunyan, is a Russian businessman, founder and co-owner of Magnit (Russia’s largest merchant) and president of FC Krasnodar. The Forbes approximated his personal fortune at US$8.3 billion. Sergey Arutyunian was created on 14 August 1967, in Sochi, Southern Russia, into an Armenian family members. He later followed his wife’s surname. In 1993, he graduated from the Economics Faculty of Kuban Condition University. A year afterwards, he founded the business, ‘Tander’, which traded low cost cosmetics and perfumery. In 1998, he constructed the first distribution middle, and immediately after an emergency opened the first supermarket ‘Magnit’ in Krasnodar. In 2000, he switched to retail, and developed the biggest network by amount of shops in Russia. In 2006, the business executed its IPO and was valued at $1.9 billion.

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