Sergey Galitsky

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Sergey Galitsky
Born 14 August 1967
Lazarevskoe, Russian SFSR
Residence Krasnodar, Russia
Occupation co-owner of a major retail chain “Magnit”, President of FC Krasnodar
Net worth IncreaseUS$ 8.2 billion (2013)[1]

Sergey Galitsky (Russian: Серге́й Галицкий) is a major Russian businessman, co-owner of major retail chain Magnit, and president of FC Krasnodar.[2] According to Forbes magazine, in 2013 his personal fortune was estimated at US$8.2 billion.[1]

Biography

Sergey Galicky was born on 14 August 1967, in the village Lazarevskoye of Krasnodar Krai. 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 (currently there are nine), 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.

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