Portrait of Nikolay Fartushnyak

Rank #2879

Nikolay Fartushnyak

Net worth $1.3B

retail · Russia

Born
Jan 10, 1966
Age
60
Source
retail
Residence
Citizenship
Russia
Marital status
Married
Children
3
Education
Master of Science in Engineering, Moscow Institute of Physics and Technology

Net worth over time

Biography

  • Nikolay Fartushnyak, along with his older brother Vladimir and Alexander Mikhalskiy, cofounded Russia's largest sports and fashion retailer Sportmaster.
  • The Fartushnyak brothers and Mikhalskiy are also cofounders of Ostin, a Russian fast-fashion retailer.
  • In 2014 Fartushnyak and Igor Khudokormov, known as the "Russian sugar king," bought Swedish company Agrokultura, which owns about 200,000 hectares of agricultural land in Russia.
  • Fartushnyak and his partners started out with distribution business in the early 1990s and supplied French consumer goods to their home market.
  • His Sportmaster also has its own brands, such as Demix, which makes sports goods, apparel and shoes.