Russian billionaire Sergey Galicky is proud of his Armenian origin

YEREVAN, DECEMBER 12, ARMENPRESS. The owner of the Russian “Krasnodar” club, businessman Sergey Galicky who is also one of the richest people in Russia and the owner of the largest supermarkets chain in the Russian Federation, has told “Mayak” Radio Company about his Armenian sources. “I have Russian origin by 75 percent, and Armenian one by 25 percent. As I grew up in the Russian environment, unfortunately I do not master Armenian, but I am proud of having Armenian origin,” Sergey Galicky stated, “Armenpress” reports citing Armenian Reporte newspaper.

Sergey Galicky was born on 14 August 1967, in the village Lazarevskoye ofKrasnodar Krai. In 1993, he graduated from the Economics Faculty ofKuban State University. A year later, he founded the company, "Tander", which traded wholesale cosmetics and perfumery. In 1998, he built the first distribution center (currently there are nine), and immediately after a crisis opened the first grocery store "Magnit" in 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 $1.9billion.