SERGEY GALITSKY • Net Worth $3.5 Billion • House • Yacht • Private Jet

Name:Sergey Galitsky
Net Worth:$ 3.5 billion
Source of Wealth:Magnit
Born:August 14, 1967
Wife:Viktoria Galitskaya
Children:Polina Galitskaya
Residence:Krasnodar, Russia
Private Jet:Gulfstream G650 (M-YGLF)
Yacht:Quantum Blue

Sergey Galitsky is a prominent figure in the world of Russian business, best known as the founder of the retail chain Magnit. Born in 1967 near Sochi, Russia, Galitsky graduated from Kuban State University before embarking on a successful career in business.

Key takeaways:

  • Sergey Galitsky, a Russian billionaire with a net worth of $3.5 billion, is known as the founder of Magnit, a major retail chain.
  • Born in 1967, he started Tander, a successful grocery distributor, and later founded Magnit in 1998.
  • Magnit, now with over 9,000 stores and substantial annual sales, went public in 2006.
  • Galitsky also founded FC Krasnodar, a prominent football club, and invested significantly in it.
  • He is recognized for his contributions to football in Russia and is involved in philanthropy.
  • Galitsky owns the yacht Quantum Blue, a 104-meter masterpiece built by Lürssen Yachts.
  • He also owns a Gulfstream G650 private jet, indicative of his luxurious lifestyle.

Founding Magnit and Transasia

Galitsky’s business acumen led him to found the wholesale company Tander in 1994. Within a few years, Tander became one of the largest grocery distributors in Russia, laying the foundation for Galitsky’s future success. In the same period, Galitsky founded Transasia, which quickly became the exclusive distributor of Procter and Gamble products in certain parts of Russia. As Transasia was not allowed to sell P&G’s competitor products, Galitsky founded Magnit in 1998, which has since become one of the largest food retailers in Russia.

Today, Magnit boasts over 9,000 stores and 230,000 employees, with annual sales of over USD 12 billion and a net profit of more than USD 1 billion. Magnit went public in 2006, with Galitsky still holding around 40% of the shares.

Founding FC Krasnodar

But Galitsky’s entrepreneurial spirit and success in business have not been limited to Magnit. In 2008, he founded FC Krasnodar, a Russian football club that plays in the Russian Premier League. Over the course of more than 10 years, Galitsky has reportedly invested more than US$ 400 million in the club. He currently serves as the chairman and owner of FC Krasnodar.

Galitsky’s dedication to the development of football in Russia has earned him recognition from the Russian Football Union. His contributions to the sport have helped to raise the profile of football in Russia and inspire future generations of players.

Philanthropy and Net Worth

Beyond his business ventures, Galitsky is also committed to philanthropy. He has donated millions of dollars to charitable causes, including healthcare, education, and disaster relief.

With a net worth estimated at $3.5 billion, Galitsky is one of the wealthiest people in Russia. His success in business and dedication to philanthropy have made him a role model for entrepreneurs and business leaders around the world. Galitsky’s legacy is one of innovation, perseverance, and a commitment to excellence in all of his endeavors.

In conclusion, Sergey Galitsky is a true visionary and leader in the world of Russian business. From humble beginnings, he has built an empire that has become one of the largest and most successful retailers in Russia. His dedication to the development of football and philanthropy has made him a respected and admired figure both in Russia and around the world.

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Sergey Galitsky House

Galitsky Yacht Quantum Blue

He is the owner of the Lurssen yacht Quantum Blue.

The Quantum Blue yacht is a true masterpiece of yacht design, built by Lurssen Yachts and delivered to her owner in 2014. Measuring 104 meters (341 ft) in length, the Quantum Blue boat was designed by the renowned Tim Heywood Design. With an interior design by Alberto Pinto Design. The motor yacht is powered by two powerful MTU marine engines