# Sergey Galitsky

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Russian billionaire businessman

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Sergey Galitsky Сергей Галицкий Galitsky in 2017 Born (1967-08-14) 14 August 1967 (age 58) Sochi, Russian SFSR, Soviet Union (now Russia) Occupations Co-Owner of Magnit Owner of FC Krasnodar Spouse Viktoria Galitskaya Children 1 daughter

**Sergey Nikolayevich Galitsky** ([Russian](/source/Russian_language): Серге́й Николаевич Га́лицкий; born **Sergey Nikolayevich Arutyunyan**)[1][2] is a Russian [billionaire](/source/Billionaire) businessman, the founder and co-owner of [Magnit](/source/Magnit), Russia's largest retailer, and president of [FC Krasnodar](/source/FC_Krasnodar).[3] In 2021 [Forbes](/source/Forbes) Russia estimated his fortune at $3.5 billion.[4]

## Early life

Sergey Arutyunyan was born on 14 August 1967, in [Lazarevskoye](/source/Lazarevskoye_Microdistrict), a suburb of [Sochi](/source/Sochi), southern Russia, his mother is [Russian](/source/Russians) and his father is Russian-[Armenian](/source/Armenians_in_Russia). He later adopted his wife's surname.[5] In 1985–87, Galitsky completed his compulsory service in the [Soviet army](/source/Soviet_army).[*[citation needed](https://en.wikipedia.org/wiki/Wikipedia:Citation_needed)*]

## Career

In 1989, being a second-year student, began working in one of the commercial banks of Krasnodar. In 1993, he graduated from the Economics faculty of [Kuban State University](/source/Kuban_State_University). A year later, he founded the company, "Transasia", which traded wholesale cosmetics and perfumery. In 1995, he came out of this business and founded the company "Tander". In 1998, he built the first distribution center, and immediately after the [1998 Russian financial crisis](/source/1998_Russian_financial_crisis), opened the first grocery store "Magnit" in [Krasnodar](/source/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.[*[citation needed](https://en.wikipedia.org/wiki/Wikipedia:Citation_needed)*]

In 2008 he founded FC Krasnodar, and in 2013 he financed the construction of the stadium of the same name for this club.[6] In 2017, a large regular park was established around the stadium, later further expanded throughout the following decade to become one of the city's best-known sights. Despite being eponymous with the stadium and the city, it is better known not as [Krasnodar park](https://en.wikipedia.org/w/index.php?title=Krasnodar_park&action=edit&redlink=1) [[ru](https://ru.wikipedia.org/wiki/%D0%9A%D1%80%D0%B0%D1%81%D0%BD%D0%BE%D0%B4%D0%B0%D1%80_(%D0%BF%D0%B0%D1%80%D0%BA))] but as Galitsky park.[*[citation needed](https://en.wikipedia.org/wiki/Wikipedia:Citation_needed)*]

In 2018, Galitsky sold a 29.1% stake in the Magnit retail chain to Russian bank [VTB](/source/VTB_Bank) for 138 billion rubles.[7]

In 2019, Galitsky got into the wine business. Grapes are grown near the village of Gostagaevskaya in [Krasnodar Krai](/source/Krasnodar_Krai). The wine is sold under the brand name Galitsky & Galitsky.[8]

## Personal life

He was married to Viktoria Galitskaya, and they have one daughter, Polina Galitskaya.[5][9] In June 2023, Russian media reported that Viktoria died on 14 June 2023 in Italy at the age of 51, Galitsky's press representative refused to provide an official comment.[10][11]

In March 2022, *[Forbes](/source/Forbes)* reported that the megayacht *Quantum Blue* was owned by Galitsky. Registered in the [Cayman Islands](/source/Cayman_Islands) with a value of $213 million at 341 feet, on March 22, it was recorded off the coast of [Oman](/source/Oman).[12]

## References

1. **[^](#cite_ref-yarsport_1-0)** ["К нам едет ФК "Краснодар""](https://web.archive.org/web/20121207024656/http://www.yarsport.ru/football/5350-k-nam-edet-fk-krasnodar.html). *Yarsport.ru*. Archived from [the original](http://www.yarsport.ru/football/5350-k-nam-edet-fk-krasnodar.html) on 7 December 2012. Retrieved 9 March 2016.

1. **[^](#cite_ref-2)** ["Հպարտ եմ, որ հայկական արմատներ ունեմ. Գալիցկի"](https://web.archive.org/web/20220211190451/https://www.tert.am/am/news/2013/12/12/galitski/948066). *tert.am*. Archived from [the original](https://www.tert.am/am/news/2013/12/12/galitski/948066) on 11 February 2022. Retrieved 9 March 2016.

1. **[^](#cite_ref-3)** ["Галицкий в элите"](http://www.vedomosti.ru/newspaper/article/253768/galickij_v_elite). *Vedomosti.ru*. 26 January 2011. Retrieved 9 March 2016.

1. **[^](#cite_ref-4)** ["Сергей Галицкий"](https://www.forbes.ru/profile/sergei-galitskii). *Forbes.ru* (in Russian). Retrieved 8 December 2021.

1. ^ [***a***](#cite_ref-bloomberg1_5-0) [***b***](#cite_ref-bloomberg1_5-1) Ilya Khrennikov (20 November 2014). ["No Ally of Putin, Retail Billionaire Pinched by Sanctions - Bloomberg Business"](https://www.bloomberg.com/news/articles/2014-11-20/no-ally-of-putin-retail-billionaire-pinched-by-sanctions). *Bloomberg.com*. Retrieved 9 March 2016.

1. **[^](#cite_ref-6)** ["Владелец ФК "Краснодар" Сергей Галицкий вновь избран в исполком Российского футбольного союза"](https://www.kommersant.ru/doc/4674035). *www.kommersant.ru* (in Russian). 4 February 2021. Retrieved 8 December 2021.

1. **[^](#cite_ref-7)** ["Magnit's Galitsky calls it a day and sells 29% stake to VTB"](https://www.intellinews.com/magnit-s-galitsky-calls-it-a-day-and-sells-29-stake-to-vtb-136904/). *www.intellinews.com*. 16 February 2018. Retrieved 8 December 2021.

1. **[^](#cite_ref-8)** ["Сергей Галицкий переключился на вино"](https://www.kommersant.ru/doc/4170027). *www.kommersant.ru* (in Russian). 22 November 2019. Retrieved 8 December 2021.

1. **[^](#cite_ref-9)** Maria Karnaukh (20 June 2013). ["СЕО magazine names Russia's 88 richest heirs | Russia Beyond The Headlines"](http://rbth.com/society/2013/06/20/seo_magazine_names_russias_88_richest_heirs_27303.html). *Rbth.com*. Retrieved 9 March 2016.

1. **[^](#cite_ref-10)** ["Умерла жена владельца футбольного клуба "Краснодар" и основателя "Магнита" Сергея Галицкого Виктория Галицкая"](https://t.me/bazabazon/18746) (in Russian). Baza. 14 June 2023.

1. **[^](#cite_ref-11)** ["Смерть жены Сергея Галицкого официально не подтверждают в ФК "Краснодар""](https://www.kuban.kp.ru/daily/27519/4781802/) (in Russian). KP Kuban. 21 June 2023.

1. **[^](#cite_ref-Forbes_in_2022_12-0)** "[Biden And Allies Are Coming For Russian Billionaires’ Yachts: Forbes Tracked Down 51. Here’s Where To Find Them](https://www.forbes.com/sites/giacomotognini/2022/03/01/biden-and-allies-are-coming-for-russian-billionaires-yachts-forbes-tracked-down-51-heres-where-to-find-them/?sh=73c84e9954ac)", Giacomo Tognini, 1 March 2022; *Forbes*

## External links

Wikimedia Commons has media related to [Sergey Galitsky](https://commons.wikimedia.org/wiki/Category:Sergey_Galitsky).

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Adapted from the Wikipedia article [Sergey Galitsky](https://en.wikipedia.org/wiki/Sergey_Galitsky) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Sergey_Galitsky?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.