Biography Philanthropists

Sergey Galitsky

Sergey Galitsky
Sergey Galitsky.jpg
Born 14 August 1967 (age 51)
SochiRussian SFSR, Soviet Union
(now Sochi, Russia)
Residence Krasnodar, Russia
Occupation Co-Owner of Magnit
Owner of FC Krasnodar
Net worth US$3.4 billion (September 2018)[1]
Spouse(s) Viktoria Galitskaya
Children Polina Galitskaya

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

Early life[edit]

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.

Personal life[edit]

He is married to Viktoria Galitskaya, and they have one daughter, Polina Galitskaya.[5][6][7]