Sergey Galitsky’s net worth over time
Only dates with a published estimate are shown. Nothing is filled in between. Tap or hover a bar to see the source.
See the numbers as a table
| Date | Estimate | Source |
| 2019 | $3.5 billion | Forbes World's Billionaires List 2019 |
| 2020 | $3.4 billion | Forbes World's Billionaires List 2020 |
| 2021 | $3.5 billion | Forbes World's Billionaires List 2021 |
| 2022 | $3.2 billion | Forbes World's Billionaires List 2022 |
| 2023 | $3.2 billion | Forbes World's Billionaires List 2023 |
| 2024 | $3.3 billion | Forbes World's Billionaires List 2024 |
| 2025 | $3.2 billion | Forbes World's Billionaires List 2025 |
| 2026 | $3.1 billion | Forbes World's Billionaires List 2026 |
| Oct 2026 | $3.1 billion | Forbes Real-Time Billionaires · Forbes real-time estimate |
Where the money comes from
These are the main sources of wealth named in the reporting we cite. No published source breaks the total into exact amounts, so we do not show percentages.
Sergey Galitsky’s fortune in real-life terms
Based on the Forbes Real-Time Billionaires estimate above. Median full-time U.S. pay is $65,416 a year ($1,258 a week, BLS, Q2 2026), before taxes. Typical (median) U.S. family net worth is $216,100 (Federal Reserve, 2025 Survey of Consumer Finances).
How do you compare to Sergey Galitsky? New
Type your yearly income and see how you stack up. It runs in your browser: nothing you type is saved or sent anywhere.
Sergey Galitsky has an estimated net worth of $3.1 billion, according to Forbes Real-Time Billionaires, Sergey Galitsky profile (figures as of October 20, 2026). That is down from a peak of $3.5 billion.
Sergey Galitsky is a Russian businessman best known for founding Magnit, a major supermarket and cosmetics retailer. He started in 1994 as a wholesale seller of perfume and beauty supplies. In 1995, he launched Tander. After the 1998 Russian financial crisis, he opened the first Magnit grocery store in Krasnodar. He modeled parts of the business on Wal-Mart and used the slogan "Always Low Prices" to attract shoppers.
His wealth came mainly from building Magnit into a huge retail chain. He shifted fully into retail in 2000 and grew the company into Russia's largest network by number of stores. Magnit went public in 2006. He remained CEO until February 2018, when he sold almost all of his shares to VTB for $2.4 billion. Forbes says his fortune was $3.1 billion on its real-time billionaires tracker on October 20, 2026.
How Sergey Galitsky built his fortune
Galitsky made his money in retail. He began with wholesale cosmetics and perfumery in 1994, then founded Tander in 1995. In 1998, he built his first distribution center and opened the first Magnit grocery store in Krasnodar. From there, he expanded into a broad retail network. Forbes describes Magnit as one of Russia's biggest supermarket chains and cosmetics retailers, with more than 30,000 stores in 2024.
Retail is the main source of his wealth, but he has also put large sums into soccer and wine. He founded FC Krasnodar in 2008 and financed the club's stadium in 2013. Forbes says he invested about $460 million in the stadium and spent $70 million on a nearby park with 2,500 trees. He also owns a soccer academy and, with his brother-in-law, a 173-acre winery that planned to sell wine under the Galitsky & Galitsky label.
Forbes net worth over time
Forbes estimated Galitsky's wealth at $3.5 billion in 2019, $3.4 billion in 2020, and $3.5 billion in 2021. It then moved to $3.2 billion in 2022 and stayed at $3.2 billion in 2023. In 2024, Forbes put him at $3.3 billion. The estimate then edged back to $3.2 billion in 2025 and $3.1 billion in 2026.
His money story is closely tied to Magnit and the 2018 sale of almost all of his shares to VTB for $2.4 billion. That deal changed his position from hands-on retail founder and CEO to a businessman with major proceeds from the company he built. Forbes still tracks him in the retail category. Its real-time tracker also showed $3.1 billion in October 2026.
Career and money timeline
- 1994
He started out as a wholesale seller of perfume and beauty supplies.
- 1998
He opened the first Magnit grocery store in Krasnodar.
- 2006
Magnit went public in an IPO.
- 2008
He founded FC Krasnodar.
- 2018
He sold almost all his Magnit shares to VTB for $2.4 billion.
- 2026
Forbes' real-time tracker put his wealth at $3.1 billion on October 20, 2026.
Sergey Galitsky net worth FAQ
What is Sergey Galitsky's net worth?
Sergey Galitsky's net worth is an estimated $3.1 billion, according to Forbes Real-Time Billionaires, Sergey Galitsky profile (October 20, 2026). It is an estimate, not an official figure.
How did Sergey Galitsky get so rich?
The main sources named in the reporting we cite are: Retail.
How has Sergey Galitsky's net worth changed?
The earliest published estimate we track is $3.5 billion (2019, Forbes World's Billionaires List 2019). The latest is $3.1 billion (October 20, 2026).
What company made Sergey Galitsky rich?
Magnit was the main business behind his fortune. He founded the retailer and grew it into a huge supermarket and cosmetics chain.
Is Sergey Galitsky still tied to soccer?
Yes. He owns FC Krasnodar and a soccer academy. Forbes says he also invested about $460 million in the club's stadium.
Sources
- Forbes Real-Time Billionaires, Sergey Galitsky profile (October 20, 2026)
- Forbes World's Billionaires List 2019, Sergey Galitsky profile (March 5, 2019)
- Forbes World's Billionaires List 2020, Sergey Galitsky profile (April 7, 2020)
- Forbes World's Billionaires List 2021, Sergey Galitsky profile (April 6, 2021)
- Forbes World's Billionaires List 2022, Sergey Galitsky profile (April 5, 2022)
- Forbes World's Billionaires List 2023, Sergey Galitsky profile (April 4, 2023)
- Forbes World's Billionaires List 2024, Sergey Galitsky profile (April 2, 2024)
- Forbes World's Billionaires List 2025, Sergey Galitsky profile (April 2025)
- Forbes World's Billionaires List 2026, Sergey Galitsky profile (March 10, 2026)
- U.S. Bureau of Labor Statistics, Usual Weekly Earnings (Q2 2026) (July 2026)
- Federal Reserve, 2025 Survey of Consumer Finances (median family net worth, Table 4) (October 2026)
- Background facts: Wikipedia, Sergey Galitsky (accessed October 23, 2026). Used for career facts only, never for figures.
Photo: Дмитрий Пукалик, CC BY-SA 3.0, via Wikimedia Commons.
Every number on this page is an estimate published by the source named next to it. We never fill in years with our own guesses. How we handle estimates.