Sergey Nikolayevich Galitsky (Russian: Серге́й Николаевич Галицкий; born Sergey Nikolayevich Arutyunyan)[2][3] is a Russian billionaire businessman, the founder and co-owner of Magnit, Russia's largest retailer, and president of FC Krasnodar.[4]

Sergey Galitsky
Sergey Galitsky, 1997
Born (1967-08-14) 14 August 1967 (age 52)
Sochi, Russian SFSR, Soviet Union
(now Sochi, Russia)
OccupationCo-Owner of Magnit
Owner of FC Krasnodar
Net worthUS$3.5 billion (February 2019)[1]
Spouse(s)Viktoria Galitskaya
ChildrenPolina Galitskaya

Early lifeEdit

Sergey Arutyunyan was born on 14 August 1967, in Lazarevskoye, a suburb of Sochi, southern Russia, his mother is Russian and his father is Armenian. He later adopted his wife's surname.[5]


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 the 1998 Russian financial 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.

Galitsky is one of many "Russian oligarchs" named in the Countering America's Adversaries Through Sanctions Act, CAATSA, signed into law by President Donald Trump in 2017.[6]

Personal lifeEdit

He is married to Viktoria Galitskaya, and they have one daughter, Polina Galitskaya.[5][7][8]


  1. ^ "Forbes profile: Sergei Galitsky". Forbes. Retrieved 15 March 2018.
  2. ^ "К нам едет ФК "Краснодар"". Retrieved 9 March 2016.
  3. ^ "Я горжусь своими армянскими корнями - Сергей Галицкий - Новости Армении - Терт.am". Retrieved 9 March 2016.
  4. ^ "Галицкий в элите". 26 January 2011. Retrieved 9 March 2016.
  5. ^ a b Ilya Khrennikov (20 November 2014). "No Ally of Putin, Retail Billionaire Pinched by Sanctions - Bloomberg Business". Retrieved 9 March 2016.
  6. ^ "Report to Congress Pursuant to Section 241 of the Countering America's Adversaries Through Sanctions Act of 2017 Regarding Senior Foreign Political Figures and Oligarchs in the Russian Federation and Russian Parastatal Entities" (PDF). 29 January 2018.
  7. ^ Maria Karnaukh (20 June 2013). "СЕО magazine names Russia's 88 richest heirs | Russia Beyond The Headlines". Retrieved 9 March 2016.
  8. ^ "Mikhelson's Daughter Russia's Richest Heiress – CEO Magazine". 30 May 2013. Retrieved 9 March 2016.

External linksEdit