| Sergey Galitsky | |
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 Sergey Galitsky, 2006
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| Born | Sergey Arutyunyan 14 August 1967 Sochi, Krasnodar Krai, Russian SFSR, USSR (now Russia) |
| Residence | Krasnodar, Russia |
| Occupation | Co-Owner of Magnit Owner of FC Krasnodar |
| Net worth | US$6.6 billion (November 2016) |
| Spouse(s) | Viktoria Galitskaya |
| Children | Polina Galitskaya |
Sergey Nikolayevich Galitsky (Russian: Серге́й Николаевич Галицкий; born Sergey Arutyunyan) is a Russian billionaire businessman, the founder and co-owner of Magnit (Russia’s largest retailer), and president of FC Krasnodar.
Early life
Sergey Arutyunian was born on 14 August 1967, in Lazarevskoye, a suburb of Sochi, southern Russia, into an Armenian family. He later adopted his wife’s surname.
Career
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 a 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.
Sergey Galitsky is an entrepreneur of Russian origin. He is the founder and one of the owners of Magnit, Russia’s largest retailer. Sergey Galitsky owns a chain of supermarkets and cosmetic retailer outlets in 2000 cities and towns throughout seven federal regions of the Russian Federation. He is the President of F C Krasnodar. According to Forbes, Sergei’s personal wealth amounts to atUS$8.3 billion.
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