Sergei Galitsky
$3.2B
Born
Aug 14, 1967
Age
58
Source of Wealth
Retail
Residence
Krasnodar,
Citizenship
Russia
Marital Status
Widowed
Children
1
Education
Bachelor of Arts/Science, Kuban State University
- Sergei Galitsky is the founder of Magnit, one of Russia's biggest supermarket chains and cosmetics retailers with more than 30,000 stores in 2024.
- Galitsky was CEO of Magnit until February 2018 when he sold almost all of his shares in the company to the state bank VTB for $2.4 billion.
- Galitsky got his start in 1994 as a perfume and beauty supplies wholesaler.
- An admirer of Wal-Mart, he opened his first grocery store in 1998 and advertised using the slogan "Always Low Prices."
- He took the company public in 2006.
- Galitsky owns the soccer team Krasnodar and a soccer academy. He has invested about $460 million in a new soccer stadium nicknamed Galiseum by local journalists.
- Galitsky spent $70 million on a park near his soccer stadium, planting 2,500 trees.
- With his brother-in-law, Galitsky owns a 173-acre winery that will soon be selling wine under the Galitsky & Galitsky label.
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