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Birthdate
August 14, 1967
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Birth Name
Sergey Nikolaevich Harutyunyan
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- 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."
- He took the company public in 2006.
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