Sergei Galitsky
$3.23B
$143K
as of 05/21/25
About Sergei Galitsky
Sergei Galitsky is the founder of Magnit, one of Russia's biggest supermarket chains and cosmetics retailers with more than 30,000 stores in 2024.
Galitsky was CEO of Magnit until February 2018 when he sold almost all of his shares in the company to the state bank VTB for $2.4 billion.
Galitsky got his start in 1994 as a perfume and beauty supplies wholesaler.
An admirer of Wal-Mart, he opened his first grocery store in 1998 and advertised using the slogan "Always Low Prices."
He took the company public in 2006.
Personal stats
Citizenship
Russian FederationSource of wealth
RetailResidence
Krasnodar, Russian FederationMarital status
WidowedBirth date
08/14/67 (age 57)Number of children
1Education
Bachelor of Arts/Science, Kuban State UniversitySelf-made
self-madeSergei Galitsky’s fortune is worth
54K
troy ounces of gold
50K
median U.S. household
32K
median U.S. income
0.065%
U.S. credit card volume
0.013%
GDP of the United States
0.01%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
With his brother-in-law, Galitsky owns a 173-acre winery that will soon be selling wine under the Galitsky & Galitsky label.
Net worth over time
Real-time ranking
Financial assets
MICEX | MGNT-RU
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