Portrait of Artem Khachatryan

Rank #2272

Artem Khachatryan

Net worth $1.8B

Retail · Russia

Born
Jan 03, 1975
Age
51
Source
Retail
Residence
Limassol
Citizenship
Russia
Marital status
Children
0
Education
Master of Science, Moscow State Mining University

Net worth over time

Biography

  • Artem Khachatryan cofounded Russian discount retailer Fix Price in 2007 together with Sergei Lomakin.
  • The chain has opened more than 4,000 stores across Russia, Kazakhstan, Georgia, Belarus, Latvia, Kyrgyzstan and Uzbekistan.
  • Khachatryan was previously the executive director of the company, which went public in 2021.
  • In December 2023 Khachatryan sold his entire stake in FixPrice and resigned as a member of the board, citing family matters.
  • His cofounder, Lomakin, is also a billionaire.