Sergey Nikolayevich Galitsky (Russian: Серге́й Николаевич Галицкий; born Sergey Nikolayevich Arutyunyan) is a Russian billionaire businessman, the founder and co-owner of Magnit, Russia's largest retailer, and president of FC Krasnodar.
Sergey Galitsky, 1997
|Occupation||Co-Owner of Magnit|
Owner of FC Krasnodar
|Net worth||US$3.5 billion (February 2019)|
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.
- "Forbes profile: Sergei Galitsky". Forbes. Retrieved 15 March 2018.
- "К нам едет ФК "Краснодар"". Yarsport.ru. Retrieved 9 March 2016.
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- "Галицкий в элите". Vedomosti.ru. 26 January 2011. Retrieved 9 March 2016.
- Ilya Khrennikov (20 November 2014). "No Ally of Putin, Retail Billionaire Pinched by Sanctions - Bloomberg Business". Bloomberg.com. Retrieved 9 March 2016.
- "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.
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- "Mikhelson's Daughter Russia's Richest Heiress – CEO Magazine". Sputniknews.com. 30 May 2013. Retrieved 9 March 2016.
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