Sergei Galitsky

Sergey Nikolayevich Galitsky is a Russian billionaire businessman, the founder and co-owner of Magnit, Russia’s largest retailer, and president of FC Krasnodar. 

• Sergei Galitsky is the founder of Magnit, one of Russia’s biggest supermarket chains and cosmetics retailers with more than 15,000 stores.
• 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.”