Sergei Galitsky: biography
Billionaire from Krasnodar Sergei Galitsky bears his wife’s surname, and his capital earned not from natural resources, but from food.
Sergey Nikolaevich Harutyunyan (the businessman's surname at birth) was born on August 14, 1967 in the resort village of Lazarevskoye, Krasnodar Territory. Sergei is Armenian by nationality and grew up in a middle-income family. As a child, Sergei loved to kick a ball in the yard, but at the age of 14 he became interested in chess. Two years later he passed the standard and became a candidate master of sports in chess. Galitsky later admitted that chess taught him logical thinking and helped him in his career.
Entrepreneur Sergey Galitsky
At school, Sergei studied well, there were no C marks in his certificate, but, as they say, “he didn’t have enough stars from the sky.” As a child, the boy already showed a business streak - he collected hazelnuts and sold them to the market, bringing the money he received to the family. After graduating from school, he joined the army, served for two years, and in 1987, after being demobilized, he applied to the Faculty of Economics of Kuban University. During his studies, Sergei Nikolaevich had to work part-time as a loader.
In my third year, I wrote an analytical article for the specialized magazine “Finance and Credit.” The calculations made by the student amazed the editor of the publication and others. After the article was published, the student was found by the head of a commercial bank and invited for an interview. Sergei was made an offer that he could not refuse - the post of deputy manager. From that moment on, Galitsky combined study and work at a bank.
Sergey Galitsky
In 1993, Sergei Galitsky graduated from the university, worked for another year at the bank and left of his own free will. Sergei explained his departure by the futility of the bank's development. Years later, the businessman compared the banking organization to a “money changer.”
The girl's early years and youth
Oksana Samoilova’s childhood was no different from the childhood of many other children in the city of Ukhta, Komi Republic. She was born on April 27, 1988 in an ordinary middle-income family. The celebrity's father's name is Valery Olegovich, his mother's name is Evgenia Nikolaevna. Before their parents’ divorce, the Samoilov family lived in the village of Yarega.
Sometimes information slips into the press that Oksana is the granddaughter of the famous Soviet actress Tatyana Samoilova. Indeed, there are some similarities in facial features and appearance. However, they are not blood relatives.
The girl went to a regular school, communicated with peers, and helped her mother raise her brother Evgeniy. She was fascinated by the profession of an actress, so she attended dance and acting clubs at the Ukhta House of Culture. However, her childhood hobbies never became her profession. Together with Oksana, her cousin, the famous singer Yulia Samoilova, grew up in Ukhta. Despite close family ties, the girls almost do not maintain relationships.
Business
After leaving the bank, Galitsky decided to start his own business. In 1994, the businessman founded, which was engaged in the supply and sale of cosmetics from Avon, P&G, Johnson & Johnson. Galitsky came up with the idea to start distribution after a conversation with an acquaintance who made money from this business. Sergei Nikolaevich took out a loan for $30 thousand, purchased goods from Johnson & Johnson and sold it in small wholesale.
Businessman Sergey Galitsky
A year later, Transasia became the exclusive distributor of P&G products in the Southern region. But his entrepreneurial flair forced Galitsky to move on. The entrepreneur left the company to his partners and plunged into the food business. A period of takeoff began in the businessman’s professional biography.
In 1995, the businessman founded, and 3 years later opened the first Cash&Carry store in Krasnodar. Galitsky did not want to compete with large retailers, so he opened small stores in small towns. A few years later, the businessman united these stores into a single chain, Magnit. The name was born after a competition between the top managers of the enterprise. In its full form it means “LOW RATE STORES”.
General Director of OJSC "Magnit" Sergei Galitsky
In 2001, the network already consisted of 250 retail enterprises and was considered the largest in Russia. By 2003, Magnit overtook the Pyaterochka chain in terms of turnover, which had already reached $1.6 billion. Three years later, Magnit shares were listed on the RTS and MICEX exchanges. At that time, 58% of the chain store’s securities were concentrated in the hands of Sergei Galitsky, 15% belonged to co-owner Alexei Bogachev, 8% belonged to top managers, and 19% belonged to investors.
In 2007, the first Magnit hypermarkets opened. From the same year, Galitsky took the post of general director of the chain store. After 5 years, the Magnit retail chain already had 998 grocery and 469 cosmetic stores. In 2012, Sergey Galitsky expanded the business to include the Rouge perfume and cosmetics chain. And the very next year, Magnit became the absolute leader in Russia in the product segment.
Sergey Galitsky, OJSC "Magnit"
As of 2021, the market value of the enterprise was $15.6 billion, which allowed Magnit to take 8th place in the list of the most profitable enterprises in the country after oil and gas. Also, Galitsky’s brainchild was among the 100 best innovative projects according to Forbes. Among Russian intellectuals it ranks third.
In addition to the grocery business, which includes a chain of stores and food factories, TD-Holding LLC, Optiline LLC, Sergei Nikolaevich opened the Art Side PR agency, Kvartal RK, a hotel, and restaurants. Since 2015, he has been a member of the supervisory board of VTB Bank.
At the beginning of 2015, the businessman sold a 1% stake in Magnit. The transaction amount was almost 10 billion rubles. The purpose of the sale is to obtain funds to finance personal projects. Today, Galitsky’s food and cosmetics empire includes almost 14.5 thousand stores, of which the businessman opened almost 2.4 thousand in 2015.
Sergei Nikolaevich is uncompromising if they try to impose the rules of the game on him. He had several conflicts with suppliers, the cause of which was the businessman’s intention to reduce the range. In 2005, the Mars brand offered the businessman conditions that did not suit the entrepreneur. Then Galitsky completely removed the company’s products from the range, instead of which he offered customers analogues of his own brands.
Owner of FC Krasnodar Sergey Galitsky
Sergey Galitsky is the owner of FC Krasnodar. In 2008, a businessman acquired a run-of-the-mill club. The businessman built a stadium, which was popularly called the “Krasnodar Coliseum” or “Galiseum,” and a children’s football academy in Krasnodar. Sergey does not consider the club a business project; rather, it is an activity for the soul. Every year, Galitsky invests $40 million in the development of the team, and another $3 million to finance the football academy, where future champions are trained.
In 2011, Krasnodar officially entered the Premier League of Russian Football Clubs. For football players, Sergei Galitsky established a personalized prize: the entrepreneur presents a commemorative Rolex watch to athletes who have played 100 matches for the Krasnodar club.
Football club Krasnodar
Even at the beginning of his career, Sergei Galitsky noted that he dreamed of founding a football club. This is exactly what the businessman plans to do for the rest of his days. In 2008, at the height of the crisis, when the entrepreneur’s fortune fell from 10 billion dollars to 5, he founded the Krasnodar football club .
Galitsky constantly spoke about the need to provide opportunities for talented athletes who do not have money for expensive training and activities. The entrepreneur achieved significant success in this matter - by 2011, his team became a member of the Russian Premier League, and numerous children's clubs were founded in many cities of Russia.
Personal life
Sergei met his future wife Victoria Galitskaya at the university. The girl studied to be an accountant. It is not known exactly when the young couple got married - the businessman does not like to talk about family and personal life.
Sergey Galitsky
After the wedding, Sergei took his wife’s surname. Journalists wrote that the father-in-law insisted on this, saying that his daughter and grandchildren would not bear an Armenian surname. According to another version, the Galitsky surname is a famous, princely one. Be that as it may, Sergei Nikolaevich officially became Galitsky.
On November 2, 1995, the Galitskys had a daughter, Polina. My wife doesn’t work now—there’s no need for that. The daughter followed in the footsteps of her parents and also entered the Kuban State University at the Faculty of Economics. In 2021, Polina was included in the list of the richest heirs of the Russian oligarchic elite, receiving fifth place in the “golden youth” ranking.
Sergei Galitsky and his daughter
Since 2011, the entrepreneur has maintained his own microblog on Twitter, which he regularly updates with relevant posts.
The businessman's passion is luxury cars. The media write that Sergei is fond of Ferrari and loves to drive a car. Galitsky owns a personal business jet, Embraer Legacy, which is valued at $25 million. According to Forbes, the 104-meter yacht Quantum Blue, whose cost reaches €140 million, also belongs to Sergei Galitsky.
Sergei Galitsky's yacht
Sergei Galitsky is often compared to Wal-Mart founder Sam Walton, although the entrepreneur himself does not consider himself such. The businessman has incredible energy, crazy efficiency and an unconventional look. Sergei often criticizes the authorities and oligarchs who have spoiled the image of businessmen. Galitsky says that he works 7 days a week, so comparison with thieves is insulting to the entrepreneur.
This is what the richest brides in Russia look like
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The lives of these young girls are envied by hundreds of thousands of young representatives of the fair sex just like them; many others would like to be in their place. They are those who are called “golden youth”: children of rich parents, who in their young years already have huge fortunes at their expense. Today we will tell you how the richest young girls in Russia live. Is their life so wonderful?
Lara Vinokurova
Lara Vinokurova recently turned twenty years old. She is the daughter of the owner of a large pharmaceutical corporation. The girl is studying in London, and her Instagram feed is replete with photos from Dubai, Ibiza and Switzerland. However, Lara says that after receiving her education she intends to return to her homeland, to Russia. Well, we'll wait and see.
Victoria Mikhelson
Vika is the daughter of Leonid Mikhelson, a major businessman and industrialist. She is twenty-six years old. The girl studied at a prestigious college in New York with a degree in art history. Now she owns a charitable foundation that helps young artists in the broad sense of the word. And her fortune is estimated at seven billion dollars. Not bad for a twenty-six year old, isn't it?
Esther Shankman
This girl with an unusual name and surname is the daughter of the famous businessman and media tycoon Alexander Shenkman. She is twenty-five years old. She runs a popular video blog and is a certified stylist. The girl studied at a fashionable educational institution in the United States of America, and today she lives in three countries: America, Great Britain and Russia. They say that she is really talented and it is thanks to this that she has achieved enormous success in the fashion world.
Maria Gruzdeva
The twenty-three-year-old daughter of businessman Vladimir Gruzdev, the girl is a professional photographer. She recently received her education at a prestigious higher educational institution in London, and is now in Russia. Maria is working on her own photography project. She is helped in this by the financial support of her father, whose fortune is estimated at approximately seven hundred and fifty million dollars.
Polina Galitskaya
Polina is the daughter of the president of FC Krasnodar Sergei Galitsky. In addition, the name of Sergei Galitsky is associated with the Magnit network. Unlike many of her “colleagues” from this list, Polina is much more modest. The twenty-three-year-old girl lived and studied in Russia all her life. She is not involved in business: her father is sure that this is not a woman’s business. At the same time, Polya, of course, is not constrained by money.
Sofia Gutseria
Sophia is now twenty-seven years old. She is the daughter of a major businessman and banker Mikhail Gutseriev. The girl graduated from the Faculty of Economics of Moscow State University and today is the general director of a large shopping center in Moscow, owned by her father.
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State
Since 2005, Sergei Galitsky has regularly been ranked among the richest entrepreneurs in the Russian Forbes ranking. Kommersant started from 64th position. In 2011, Sergei Galitsky took 24th place in the all-Russian and 185th place in the world Forbes ranking, his fortune was estimated at $5.5 billion. In 2015, the businessman rose to 15 and 162 places in the ranking, and the magazine estimated the businessman’s fortune at $8. 3 billion. In 2016, Galitsky took 17th position with a capital of $5.7 billion, and in 2021 he became 18th with a capital of $6.8 billion.
Entrepreneur Sergey Galitsky
In 2014, the Russian version of Forbes magazine celebrated its 10th anniversary. On this occasion, an anniversary issue was released, the cover of which was decorated with a photo of two entrepreneurs - Sergei Galitsky, owner of the Magnit network, and Arkady Volozh, founder of the Internet.
Didn't have enough money
This year, the children of the main shareholder of the Safmar group, Mikhail Gutseriev, and the co-owner of UC Rusal, Oleg Deripaska, were not included in the rating.
Oleg Deripaska's children - 17-year-old Peter and 15-year-old Maria - are studying in England. A year ago, their potential inheritance was estimated at $2.55 billion.
Petr Deripaska is known for his opposition views. “It’s fun to climb the lanterns. In March last year, one comrade at the Pushkin monument climbed onto the lantern at Navalny’s call. Do you know who it was? Oligarch. Now in a scandal... Navalny caught him again... He was on vacation with some woman... Deripaska, thank you! It was Deripaska’s son who shouted “Down with corruption!”,” Fontanka.ru quotes the head of the Investigative Committee of Russia, Alexander Bastrykin.
And Maria Deripaska loves to relax in the company of Boris Yeltsin’s granddaughter, Masha Yumasheva. The girls travel on a huge yacht along the coasts of St. Barths and Corsica.
Sergey Galitsky now
In 2021, Sergey Galitsky received an invitation to give a lecture at the Skolkovo business school, at which the entrepreneur spoke about the features of running a large business.
Sergey Galitsky at a lecture at the Skolkovo business school
The owner of the Magnit store chain in December 2021 participated in a meeting with President Vladimir Putin, which was held for the Russian business elite. A month earlier, Sergei Galitsky received from the hands of the head of state a Certificate of Honor “For merits in the development of entrepreneurship, active social activities and many years of conscientious work.”
