Krasnodar entrepreneur Galitsky joined the list of top-15 businessmen who changed the life of Russia

March 22, 2019 / Investment

Forbes attributed the founder of "Magnit" chain Sergey Galitsky to top-15 entrepreneurs-visionaries who established his business "from scratch" and changed the life of Russia and the world, at large.

The founder of "Magnit" chain and owner of FC "Krasnodar" Sergey Galitsky joined the rating of entrepreneurs who established their businesses from "scratch" and changed the life of the country.

The list was prepared by Forbes. It included 15 entrepreneurs who established their business "from scratch" and changed the life of the country. As noted by the publication, the participants of the rating are businessmen breaking stereotypes and altering the image of Russia.

Sergey Galitsky ranked second in the list. In 1995, he founded "Tander" company, out of which five years later "Magnit" retailer sprang up. In 2011, "Magnit" with chain of 250 stores became the leader of the Russian market in terms of the number of outlets.

"Galitsky, saving on everything, counted on the province and built stores within easy reach in small towns and urban-type villages. The route appeared to be such a success that in 2011 "Magnit" outstripped his main competitor – X5 Retail Group – in terms of capitalization", - noted the publication.

In February 2018, Galitsky sold 29.1% of "Magnit" shares to VTB bank for 138 billion rubles (2.44 billion dollars) and withdrew from all offices in the company, having transferred the major portion of his equity to VTB bank.

The money raised the entrepreneur contributed to a special fund and is willing to channel them to social charity projects.

In 2017, Galitsky opened a park built around the stadium of FC "Krasnodar" in the capital of Kuban.

Yuri Milner tops the list of 15 businessmen who changed the life of Russia. Also the list was supplemented by the creator of social network "VKontakte" Pavel Durov, creator of the dating application Badoo Andrey Andreev, entrepreneur Oleg Tinkov, prominent scholar in the area of laser physics Valentin Gapontsev, co-owner of the search engine "Yandex" Arcady Volozh, founder of "Kaspersky Laboratory" Eugene Kaspersky, founder of the largest online shop in the country Wildberries Tatyana Bakalchuk, founder of "Rolf", largest automobile dealer in the country, Sergey Petrov, president of IBA Group Anatoly Karachinsky, entrepreneur Mark Kurtzer, cofounder and General Director of the payment service Revolut Nikolay Storonsky, chairman of the Board of Directors CJSC "S7 Group of Companies" Natalia Fileva, Director of ABBYY Group of Companies David Yan.