Sergei Galitsky - biography. “I will spend all the money during my lifetime”: Sergei Galitsky leaves business Galitsky Sergei Nikolaevich fortune

we talk about significant figures in Russian business. The hero of the day is Sergei Galitsky, founder of the Magnit chain of stores.

Sergey Galitsky was born on August 14, 1967 in the village of Lazarevskoye, Krasnodar Territory. As a child, he loved to play football, but at the age of 14 he objectively assessed his abilities and realized that he could not make a sports career. Then he switched to chess and even became a candidate for master of sports. Subsequently, he admitted that chess developed in him the habit of thinking logically and thinking through all his actions. Nevertheless, he abandoned this hobby and began studying. There were no C grades, but, according to Sergei, he also did not show any special abilities.

Everything changed after entering the Faculty of Economics at KubSU. At the same time, he worked as a loader to support himself, but this did not affect his knowledge.

While still in his third year, in 1993, he wrote an article “On the issue of financial liquidity” and submitted it to the magazine “Finance and Credit”. The editors were amazed by the student’s argumentation and knowledge in the field, so they published the article. In addition to the editorial office, a local bank drew the attention of Galitsky, offering him the position of deputy manager. Sergei worked there for only a year, and then quit because he did not see further ways of development in it.

"Transasia"

In 1994, Galitsky and his friends took out a loan and opened the Transasia company, which distributed products from Johnson & Johnson, Procter & Gamble and Avon. Soon it became the only supplier of Procter&Gamble in Krasnodar. Then Galitsky divided Transasia between partners and left it, and he himself took up the affairs of the new project Thunder, which later became known as Magnit.

"Magnet"

The Tander company began with the sale of household chemicals, and in 1998 it opened the first self-service grocery store, Magnit, in Krasnodar. Galitsky was in no hurry to get involved in a fight with large firms, so he developed business in cities with small populations.

5 facts about Sergei Galitsky:

1. Galitsky’s real name is Harutyunyan. He replaced her after his marriage.
2. The businessman ranks 18th on the Forbes list with a fortune of $6,800 million.
2. In 2014, the company’s capitalization amounted to more than 1 trillion rubles.
3. Galitsky owns 35.3% of Magnit shares.
4. A businessman owns the Krasnodar football club.

For stores, he used premises of 300-400 square meters. Their distinguishing feature was the low price of their products. By the end of 2005, there were already more than 1,500 Magnets, the company’s turnover amounted to $1.6 billion, leaving even Pyaterochka behind, and Sergei himself was included in the Forbes list for the first time.

A year later, Galitsky took the company to an IPO, selling about 19% of the shares to investors. Then he took up hypermarkets - the first began operating in 2007. In 2010, the Magnit chain consisted of 40 hypermarkets and 4,000 stores. And in 2014, the company’s capitalization exceeded 1 trillion rubles. In 2015, revenue was 951 billion rubles.

Other projects

Galitsky did not become a footballer, but he did not leave the industry either. He decided to take a different approach: he bought a local football club in 2008 and built the Krasnodar stadium. Galitsky also created the Krasnodar football school for children.

Sergei also has an award - the title “Hero of Labor of Kuban”.

In 2015, Sergey became an independent member of the supervisory board of VTB Bank, as well as a member of the HR Committee, Strategy and Corporate Governance Committee.

Quotes:

Working 12 hours is absolute stupidity. Have you seen at least one person who can work 16 hours a day? I am sure that a person simply cannot think continuously for more than 3–4 hours. The rest of the time, of course, he can sit at the table and imitate work.

Every country has a place to make money. It’s just that risks and profitability always go together: higher risks - higher profitability, lower risks - lower profitability.

“To take a steam bath,” forgive the unparliamentary expression, is necessary when something depends on you. And when we are dealing with macro processes or global politics, we need to grab popcorn, sit on the couch and watch. If it doesn’t depend on you, look, if it depends on you, act.

Do you remember in the film “Moscow Doesn’t Believe in Tears” there was a scene when the characters are drinking in the kitchen and one of them says: “The instability in the world worries me very much?” So, in the modern world there will always be instability. Remember, quite recently there were times when planes crashed almost once a quarter? Or some kind of war, or crises. The modern world is full of negative information, you need to abstract yourself from it. And work.

–Forbes.

Why Sergei Galitsky said goodbye to Magnit

The main shareholder of Russia's second largest retailer Magnit, Sergei Galitsky, decided to sell almost his entire stake to VTB.

The agreement on the sale of 29.1% of Magnit was signed by the entrepreneur and the President and Chairman of the Board of the State Bank Andrei Kostin on February 16 at the investment forum in Sochi and immediately personally announced the deal. This event was not easy for Galitsky. He was not immediately able to speak, he asked for water, and his voice trembled treacherously more than once during his short speech.

The entrepreneur said that he headed the company for 25 years, but “I need to change something in my life.” He called the decision to sell Magnit a difficult one, but, according to him, he and the shareholders have different views on the development of the company. The deal with VTB is the best solution, since the bank has great ambitions, Galitsky emphasized. “Magnit will go on without me,” the businessman concluded.

Galitsky will retain 3% of the retailer. The transaction must be approved by the Federal Antimonopoly Service. The request has not yet been received, a service spokesman said Friday evening.

VTB will pay 138 billion rubles for Magnit shares. It turns out that the bank will receive the securities at a 4% discount by the close of trading on the Moscow Exchange the day before - February 15. According to Kostin, this is one of the largest mergers and acquisitions this year. The entire amount will be paid in cash on the day the transaction is closed, Magnit reported.

For investors, the news about the sale of Magnit came as a shock. On Friday, the company's quotes fell by 10% on the London Stock Exchange and by 7.8% on the Moscow Stock Exchange.

Magnit, along with Sberbank, are the two most popular Russian securities, says Alexey Krivoshapko, director of Prosperity Capital Management. But from a corporate governance perspective, the deal was “structured badly,” he said. As Krivoshapko argues, in essence, VTB acquires control, and the law requires that when purchasing more than 30% of the company’s shares, an offer to buy out shares to minority shareholders is made. “They specifically bought a little less so as not to make it. This is absolutely disgusting and the worst behavior on the part of a state bank,” Krivoshapko said. “This shows that he didn’t care about the market and minority shareholders, this is a slap in the face of all investors.”

Prosperity is a minority investor in Magnit, Krivoshapko explained to Vedomosti. “We have a very small stake, but we have sought equal treatment for all investors and in much smaller companies,” the investor added. For now, according to Krivoshapko, the fund is studying how to proceed in the future in connection with the deal between VTB and the retailer.

Another minority shareholder of Magnit, TKB Investment Partners, agrees with Prosperity’s position, says its managing director Vladimir Tsuprov.

Not the best buyer

The fact that VTB became the buyer is “a huge minus for some foreign investors,” Tsuprov believes. The State Bank may be able to restore the growth of the retailer’s business, he argues. But a huge overhang could form on the stock market, he fears: “About 10-15% of Magnit’s capital could be forced out of the asset.”

First Deputy President of VTB Yuri Solovyov does not believe that the deal will cause an outflow of foreign funds: “[For example] Sberbank, which is also under sanctions, has a huge number of foreign investors.” But the motivation of Magnit investors was completely different than, for example, the motivation of Sberbank investors, Tsuprov disagrees.

A large share of Magnit’s value for investors was based on a specific thing, the investor explains: they bought securities because they believed in Galitsky. “Now, instead of Galitsky, they are being offered the management of VTB, which, as the cherry on the cake, is under sanctions: both some managers and the bank itself.”

How Magnit was terminated

For investors, Krasnodar resident Galitsky was an example of the “Russian Sam Walton” - the founder of the world's largest retailer Wal-Mart. Galitsky's business began with the distribution of cosmetics and household chemicals in 1994, in the second half of the 1990s. he opened the first grocery stores. Unlike its competitors, Magnit did not seek to immediately conquer Moscow and St. Petersburg, but went to small cities and regional centers, remaining profitable and paying dividends.

Magnit deliberately tried to avoid the two capitals, it explained in the mid-2000s. Vedomosti has a person close to the company. Russian retail chains were just beginning to develop at that time. Meanwhile, household incomes and demand were growing, so there was an expectation on the market that large foreign chains were about to come to Russia. They would begin their expansion precisely from Moscow, and then they would roll across the rest of Russia, Vedomosti’s interlocutor said. “Magnit” wanted to gain time and have time to seriously establish itself in the regions.

In addition, the emphasis on the provinces allowed Galitsky to remain in the shadows for a long time. In fact, until Magnit’s IPO in 2006, only a few knew that it was the largest chain in the country by number of stores, second only to X5 Retail Group in terms of revenue. This significantly simplified the task of finding space for new stores or, for example, communicating with the authorities, Vedomosti’s interlocutor said.

At the same time, unlike many entrepreneurs who have grown to the federal level, Galitsky did not move the headquarters of Magnit to Moscow, but left it in Krasnodar. Moscow is “a rather uncomfortable city to live in,” and people living in the capital are “not very happy,” he said in an interview with RBC in 2011. And in response to the journalist’s assertion that incomes are higher in Moscow, Galitsky replied that money can’t buy “lack of traffic jams" and "good climate": "Moscow has [only] 80 sunny days a year."

Despite the crisis of 2008, Magnit developed actively and a few years later became number one in Russia. First, in 2011, it surpassed X5 Retail Group in terms of capitalization. In 2012, things were going very badly for the competitor: frequent changes in top management, slowdown in network growth and revenue. And at the beginning of 2013, Magnit finally overtook its main competitor in turnover. “I’m afraid to seem immodest, but for the first time in 15 years, since the opening of the first store, we became the leader in sales,” Galitsky commented on this achievement in the company’s message.

Demand on the decline

But Magnit failed to maintain its leadership for long: X5 solved the problem with management, developed a clear strategy for Pyaterochka, updated its stores and returned to growth, while Magnit, on the contrary, began to slow down.

At first, the retailer explained the slowdown in revenue growth by the fall in the purchasing power of low-income Russians - its main audience - at the end of 2014. But the economy stabilized, and X5 with the updated Pyaterochka, which consumers liked more than the seemingly less attractive Magnits, began to squeeze out its rival and in the regions. As a result, in 2017, X5 again became the leader in terms of revenue, and on February 13, it regained the title of the most expensive retailer in Russia by market capitalization. "Magnit" remained the leader only in the number of stores.

Alarm Signals

The first alarming signals at Magnit appeared back in 2014, then the indicators began to deteriorate, and the understanding that global changes were needed and the readiness to carry them out in the company never appeared, recalls General Director of Infoline Analytics Mikhail Burmistrov. Apparently, he argues, Galitsky was not ready to admit this, so at first the company took the position that changes were not needed, then that they could get by with spot changes that turned out to be cosmetic.

For example, says Burmistrov, at the same time large investments were made in updating stores and staff were being cut. The renovation of stores was too long and was not accompanied by a change in assortment, the expert lists. “If X5 first worked out the progress and speed of the reconstruction of Pyaterochka, and then launched a massive quick update, then Magnit began a massive update before it learned how to do it quickly,” he says.

In the past, Magnit owed much of its success to targeted improvements in efficiency in the supply chain, recalls Burmistrov. “But a model that wasn’t focused on the customer’s needs and unique value proposition was no longer competitive, and Galitsky was probably not ready to admit that,” he says. In fact, both Galitsky and Magnit were hostages of many years of success, Burmistrov summarizes.

Partner factor

The fact that the retailer’s management has failed to take comprehensive measures to resume business growth is attributed by many experts interviewed by Vedomosti to the events of two years ago.

Galitsky was a co-founder of Magnit along with his partner Vladimir Gordeychuk. Galitsky once said that his sphere is a common vision, and operational leadership lies with Gordeychuk. At the beginning of 2016, Gordeychuk prematurely resigned from his position as CEO of the retailer's operating company, Tander JSC. Then two Vedomosti sources explained that the top manager decided to retire.

The story took a long time to develop, says Tsuprov: “The departure of our partner - Gordeychuk, the reshuffling of top management, the appointment of distant relatives to leadership positions. But no one expected it to come to such a conclusion now.” The management of Magnit, weakened by Gordeychuk’s departure, fearing losing their jobs, for a long time tried to create the illusion among the founder of the network that everything was actually fine, Burmistrov believes.

Galitsky failed to cope with operational management, say two of Vedomosti’s interlocutors among Magnit’s partners: he was unable to build a top management team and was also unable to attract a strong leader from outside. Galitsky should have either continued to fight and carry out radical changes himself or give up control, but he was already tired, Burmistrov argues.

“He [Galitsky] is very impulsive, investors told him about the necessary changes, but he didn’t listen,” said one of Magnit’s partners. It seems that at some point he just freaked out and sold, says Vedomosti’s interlocutor.

Sold it myself

The entrepreneur himself initiated the deal with VTB, says a bank representative. “During one of the conversations, Sergei Nikolaevich [Galitsky] expressed the wish that it was probably time for him to sell the company, that he wanted to concentrate, as he said, on the problems of children’s football,” Kostin told Kommersant FM. “If an investor is very unhappy, I should leave,” Galitsky said in a short speech to employees at Magnit headquarters on Friday afternoon. Although a little earlier he noted that “the market is now valuing us unfairly.” And he explained: Magnit has the best EBITDA and high profit.

Galitsky will leave the post of general director of Magnit and other positions in the company: the board of directors approved a new leader, he will be the current financial director of the retailer Khachatur Pombukhchan. According to a source close to Magnit, the new shareholder will not nominate Galitsky as an independent director on the board: “He [Galitsky] himself is against this.”

Investors do not necessarily need the help of the company’s founder for its further management, notes Stanislav Kiselev, senior partner at Egon Zehnder. During due diligence, which can take from several weeks to several months, the investor has the opportunity to dive into the details of the business and resolve many controversial issues, he says.

Why VTB stores?

VTB itself came up with the proposal for the deal, assures a person close to one of its parties. VTB is well acquainted with Magnit's business. Alexey Makhnev from VTB Capital was on the board of directors for several years as an independent director. And Galitsky himself has been a member of the VTB Supervisory Board since 2015. According to one of Magnit’s partners, Kostin and Galitsky have known each other well for many years.

The choice of VTB as a buyer is not a big surprise: the bank is one of the few who could afford a deal of this size, and VTB often advised Magnit and Galitsky himself - for example, in transactions with shares, comments Raiffeisenbank senior analyst Natalya Kolupaeva . Galitsky did not discuss the possibility of a deal with Sberbank, a person close to the state bank said. A Sberbank representative declined to comment.

An investment in Magnit is non-core for the VTB Group, but it is a permissible asset that brings profit and pays off well, says Expert RA chief methodologist Yuri Belikov: the retailer’s capital in relation to VTB’s capital is small, and the purchase of a share in it does not create a regulatory risk for the state bank.

The market has big questions about how effectively VTB will manage the retailer, says BC Savings analyst Sergei Suverov. For the bank, this purchase seems interesting - Magnit’s business is quite profitable and liquid, he continues: “There is also a certain synergy between the retailer and the state bank: Magnit’s infrastructure can be used to sell banking products, and Russian Post can be involved in the process logistics improvements. However, the state bank will have to divert significant resources to develop a non-core asset.”

This is VTB’s ambitions, the head of a bank active in the M&A market is sure: “Magnit” is a big company, you can try to develop it further, but you can also resell it at a higher price some time later.” “The company is very promising, but over the past year it has lost a lot in capitalization. We believe it is possible to return the share price to a higher level. We also do not exclude the possibility of a merger; expansion and organic growth of the company are possible. We’ll watch,” TASS reported Kostin’s words. The question remains open whether VTB will be the final buyer, argues Uralsib analyst Konstantin Belov, or whether this stake will be resold to a new buyer.

VTB is a strategic investor, says a bank representative. According to him, in this capacity his main task is to increase the fundamental value of Magnit's business, and this should provide an attractive return on invested capital for both current shareholders and potential new investors. To implement this task, VTB plans to attract international and local strategic partners, a VTB representative said.

What to do VTB

“At Magnit, it is necessary to carry out some reorientation from an entrepreneurial approach to a more modern, clearly motivated management team, and slightly change the organizational structure<...>We will specifically strengthen management,” Solovyov said.

Apparently, the retailer requires changes in strategic management and, probably, VTB expects that it will be able to find ways to develop this asset, says BCS analyst Olga Naydenova. Perhaps there will be an attempt to do something more based on the existing Magnit in order to resell it at a profit in the future, says Fitch analyst Alexander Danilov, but whether it will work out or not is a big question. After all, the market is very competitive. The State Bank has purchased non-bank assets before. But VTB eventually withdrew from many investments. VTB may have difficulties selling the asset in a few years, Suverov believes. Foreigners may not be interested in the asset due to potential political risks, and it will not be easy to find investors on the Russian market, he believes. Although industrial and financial groups, for example Alfa Group, may be interested in the retailer. Most likely, VTB will want to sell its market share, he is sure. Talk about selling the stake is premature, a VTB representative said.

First of all, Magnit needs to decide how to develop further: will it be the growth of stores and the purchase of other players, or will the growth be less rapid with an eye to the profitability of sales now, comments Tsuprov. Magnit also needs to set very specific goals and work towards them, he continues: for example, X5’s goal is to occupy a certain market share and increase the number of stores.

Quite recently, the Faculty of Economics of Kuban State University celebrated its fortieth anniversary. In honor of this holiday, the administration organized a very useful and interesting event for its students - a meeting with the most successful graduate of the faculty, and now the owner of a controlling stake in Magnit - Sergei Nikolaevich Galitsky.

Naturally, the first wave of questions to Sergei Nikolaevich was related to the request to tell him about the story of his success. The businessman, slowly straightening his tie, headed to the podium and began his story.

“It all started in deep childhood. I looked at people and didn’t understand why they were satisfied with such a poor life. They complained about hard work and low pay, but none of them believed that he himself was the culprit of his troubles. That was the first time I came across the concepts of “entrepreneurial intelligence” and “managerial intelligence.” So, everything that surrounded me in my childhood breathed with the humility and timidity inherent in the second concept. I firmly decided that I didn’t want to live like this and would do everything to avoid such a sad fate.

A few years later I was already studying at the university, and rather poorly in terms of grades. But I was engaged in banking, which I loved, and was soon able to acquire some useful connections in this area.

Soon my woman became pregnant. I needed sharp and smart financial decisions, because I had a huge responsibility. Then the idea came - using some connections, with the help of loans, on favorable terms, to create my first business - the distribution company Transasia.

Everything was going well, but I perfectly understood that the business would sag over time - soon people would learn to cooperate directly, without intermediaries. However, we managed to accumulate capital, which was enough to found Thunder LLC. The company, which later became known as Magnit, worked at zero for about 7 years, but no one gave up, and we achieved our goal. I can say I gave my life to this company.

When I brush my teeth in the morning, I am already thinking about planning my business for today. When I eat, try to sleep, walk in the park, thoughts about further development do not leave me for a minute.”

Here Sergei Nikolaevich changed his face and said a little more quietly: “My own daughter, Polina, is sitting in this hall. She has everything that many people her age only dream of, but I don’t know when her birthday is...”

The hall fell silent - everyone was somewhat shocked. Most of the ambitious and cheerful guys who dreamed of endless money finally realized that they had to pay for great fame and money. Something invisible, but also very valuable and important.

Sergei Nikolaevich Harutyunyan (surname at birth) was born on August 14, 1967. Sergei is Armenian by nationality and grew up in a middle-income family.

As a child, he was very fond of football, played a lot, but at the age of fourteen, in his own words, he realized that it was “not really” him, and ended his “football career.”

In the seventh or eighth grade, he became interested in playing chess, and practiced it for two years, becoming a candidate master of sports and champion of Sochi.

During his student years, he worked 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.

So in 1989, he became a banker and rose to the rank of deputy bank manager.

In 1993 he graduated from the Faculty of Economics and National Economic Planning of Kuban State University.

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.

1993: A $30 thousand loan and the founding of a company for the wholesale sale of cosmetics and household chemicals

In 1994, he took out about $30 thousand on credit and, with his classmates, founded the Transasia company (a wholesale supplier of household chemicals and cosmetics).

Soon the company became the exclusive distributor of Procter & Gamble in the Krasnodar region, but representatives of the world-famous manufacturer of consumer goods subsequently demanded that a separate company distribute its products. In 1995, it was decided to split Transasia, and Galitsky took over the new company Thunder. Banker Alexey Bogachev also became its shareholder.

1998: Opening of the first self-service store

In 1998, he opened the first self-service store, and the company began working in food retail. Gradually, the retail space was united into the Magnit network.

In 2005, Magnit's turnover reached $1.6 billion. According to this indicator, the company overtook one of its main competitors - the Pyaterochka chain.

2006: IPO of the Magnit network

In April 2006, he brought the company to an IPO, during which almost 19% of the shares were sold to investors for $368 million. The businessman’s own share was 58%, and his partner Alexei Bogachev’s was 15%. Another 8% was transferred to a number of top managers. In the same year, Galitsky became the general director of the Magnit chain of stores, and Tander was retrained as a management company.

In 2007, the first Magnit hypermarkets appeared.

2008: Purchase of the Krasnodar football club

Since 2008, he has been the owner and president of the Krasnodar football club, which plays in the Russian Premier League. Galitsky created and financed the Krasnodar children's football school.

2009: Reduction of the share in Magnit to 39%

In 2008, Magnit began a secondary public offering (SPO). In the fall of 2009, Galitsky’s share decreased to 39.6% (according to Vedomosti sources, this figure did not take into account depositary receipts (GDR) and shares that were nominally held by banks).

2010: Start of construction of the FC Krasnodar stadium

In 2010, he began construction of a stadium and training base for Krasnodar, the project estimate is $85 million.

2011

24th place in the Forbes ranking with a fortune of $5.5 billion

Takes 24th place in the ranking of the Russian-language version of Forbes "Russia's Richest Businessmen - 2011". Sergei Galitsky's fortune is estimated at $5.5 billion.

Decrease in share in the Magnit network to 38%

In December 2011, the retailer reported that during the third secondary offering of Magnit shares on the stock exchange, Galitsky’s share was again diluted and amounted to 38.66%. In his interview with the Vedomosti newspaper, however, Galitsky emphasized that it was he who remained the owner of Magnit.

As of March 10, 2012, the Magnit chain included 93 hypermarkets, 224 cosmetics stores and 5,029 convenience stores.

2013: Growth of fortune to $13.8 billion

The largest increase in the state at the end of 2013, according to Bloomberg, was shown by the founder of OJSC Magnit, Sergei Galitsky. He became $5.3 billion richer and now has assets of $13.8 billion.

2018: Sale of the Magnit network to VTB Bank with retention of 3%

In February 2018, it was announced that a 29.1% stake in the Magnit chain had been sold

In honor of the anniversary of the largest Krasnodar businessman, the portal Yuga.ru collected 50 known and unexpected facts about him.

1. Sergei Galitsky was born 50 years ago- August 14, 1967 in the village of Lazarevskoye (Sochi).

2. “The Godfather”, “Modigliani” and “Vatel”. According to Galitsky, these three films he can revise many times.

3. In December 2014, Galitsky, according to Bloomberg, lost $600 million in two days. This happened due to a sharp collapse in the ruble exchange rate.

4. The market value of the Magnit company, according to Forbes, is $15.6 billion. This eighth place in Russia. The only cooler ones are oil and gas workers and Sberbank.

5. Three main disadvantages Galitsky, in his own opinion, is impatience, intolerance and aggression towards people with not very high intelligence.

6. Title "Magnet" appeared as a result of a competition held among the company’s top managers. The name is an abbreviation of the phrase “LOW RATE STORES.”

7. From birth, the future billionaire bore the surname Harutyunyan. After the wedding, he took the surname of his wife Victoria.

8. In 2009, the Krasnodar oligarch was offered to buy for 1 euro football club "Moscow". Galitsky refused. Six months later, FC Moscow ceased to exist.

9. In May 2017, the daughter of a businessman Pauline took fifth place in the list of the richest heirs of Russian billionaires.

10. The entrepreneur invested at least 20 billion rubles in the construction of the FC Krasnodar stadium. The people called the arena Galiseum.

11. Sergei Galitsky will finance the reconstruction of the cinema "Aurora" on the terms of public-private partnership. The estimated price of the issue is 600 million rubles.

12. Galitsky graduated from the Faculty of Economics of Kuban State University with a degree in "finance and credit".

13. On September 13, 2011, by decree of the governor of the Krasnodar region, the businessman was awarded the title "Hero of Labor of Kuban".

14. 104 meter yacht Quantum Blue, worth 140 million euros, is one of the largest and most luxurious in the world. Forbes names the owner of the vessel as Sergei Galitsky.

15. One day a businessman bet on box of wine with ex-coach of CSKA and the Russian national team Leonid Slutsky. According to the terms of the bet, Sergei Nikolaevich will receive wine if 11 of the club’s own students appear on the field in one of the matches as part of Krasnodar.

16. Galitsky’s brother-in-law’s name is Sergey Nikolaevich Galitsky.

17. According to the businessman, only one book over the past 30 years has made him want to re-read it again - a biography Steve Jobs.

18. Galitsky - founder and owner FC Krasnodar. The football club was founded in 2008.

19. A few days ago it became known that “Magnit” got into top 100 innovative companies of the world according to Forbes. Even earlier, Galitsky’s company took third place in the list of intellectual companies in Russia.

20. According to the entrepreneur, at first he first company“balanced between an abyss and a small profit” and looked like “a skinny pig who always runs around looking for an apple in the forest.”

21. After the army, the future oligarch worked for a year loader in a perfume warehouse.

22. Slogan "Magnet"“Always low prices” is reminiscent of the phrase Everyday Low Prices, which is the motto of the American trading giant Wal-Mart.

23. In 2006 Vladimir Putin presented Sergei Galitsky with a personalized watch for the contribution of his enterprise to the Russian economy.

24. “75% of Russian blood, 25% of Armenian blood,” is how the businessman described his origin. Galitsky's father is Nikolai Gevorkovich Harutyunyan.

25. Galitsky once said that all football players who played 100 matches for FC Krasnodar would be awarded a commemorative watch Rolex. As a result, the watch was awarded more than 10 times.

26. Galitsky belongs to reactive plane Embraer Legacy business class. The cost of such a model starts at $25 million.

27. The Magnit retail chain is the world’s largest customer of heavy-duty vehicles MAN.

28. Galitsky has been one of the twenty richest people in the country for several years. According to Forbes, the Kuban businessman’s fortune today is $6 billion 800 million, this 18th place in Russia.

29. In 1985-1987 Sergey Harutyunyan served in the ranks of the Soviet army.

30. They say that a businessman’s favorite brand of car is Ferrari. However, in an interview, Galitsky said that this is a terribly inconvenient car, which he has been planning to sell for a long time.

31. As a child, Sergey Harutyunyan was fond of football and spent a lot of time on the field. Later, football was replaced by a hobby chess.

32. Favorite country for vacation - Italy. “Nothing supernatural. The cuisine is simple, sunny and historically an interesting country,” Galitsky admitted to a Forbes journalist.

33. Galitsky and him wife studied at the same faculty, but in different specialties - he was a financier, and she was an accountant.

34. Galitsky’s company opened the first grocery store in Krasnodar in 1998.

35. Sergei Galitsky likes the television series "Motherland" is an American political thriller about intelligence agencies, spies and love for one’s native country.

36. In November 1995, Galitsky had a daughter, who was named Polina. Rumor has it that the cheese " Oh, Polinka!, sold in Magnit stores, was named after her.

37. In my third year, I wrote an article on the topic of liquidity and sent it to the Finance and Credit magazine. After the publication, student Harutyunyan was invited to interview to one of the Krasnodar banks.

38. As a child, Galitsky supported the Moscow team "Spartacus". Favorite player: Fedor Cherenkov.

39. In the ninth grade, Sergei Galitsky became Sochi chess champion. He called Mikhail Tal and Garry Kasparov his idols.

40. The Krasnodar football club, according to Galitsky, was created in order to serve source of motivation to make money.

41. At the age of 27, an aspiring entrepreneur founded a company with his partners "Transasia", engaged in the distribution of cosmetics and perfumes.

42. " Krasnodar is my favorite city. I'm proud of him and don't want to go anywhere. I would like, of course, later, but to die here,” Galitsky once said in an interview with the Sport-Express newspaper.

43. In May 2014, Galitsky was on the cover of the anniversary issue Forbes magazine, which at that time had been published in Russia for 10 years. The editors chose him along with Arkady Volozh, the founder of the Internet company Yandex, as the two main characters of the issue.

44. The Galitsky daughter, like her parents, entered the Faculty of Economics of KubSU.

45. On August 1, 2017, the retail chain Magnit announced the opening 15 thousandth store companies. An anniversary outlet opened in Novokuznetsk.

46. ​​Sergey Galitsky loves fried potatoes, apples and coffee.

47. In order to help the family while going to school, the future billionaire collected hazelnuts and rented it out for money.