Sergei Galitsky was bornon 14 August 1967 in Krasnodar, Russia, Russia. Sergei Galitsky is #544 in List Billionaires People In The World. Sergei Galitsky is the founder and CEO of Magnit, Russia's biggest supermarket chain and cosmetics retailer with more than 14,000 stores. He got his start in 1994 as a perfume and beauty supplies wholesaler. An admirer of Wal-Mart, he opened his first grocery store four years later and advertised using the slogan "Always Low Prices." (Wal-Mart's slogan has long been "Everyday Low Prices"). He took the company public in 2006. Galitsky, who still owns more than a third of the company, also owns the soccer team Krasnodar and a soccer academy. He has invested about $460 million in a new soccer stadium nicknamed Galiseum by local journalists. His country estate has a main house and eight satellite houses for his daughter and the coach of his soccer team among others. He owns a personal jet and a yacht.