Sergey Galitsky Net Worth

The success of the store was mainly because of its slogan “Always Low Prices,” which was inspired by Wal-Mart’s “Everyday Low Prices.” By the beginning of the 21st century, he turned to retail creating the largest network in Russia, in terms of number of stores. Sergei Galitsky took the company public in April 2006, when it was valued at $1.9 billion. Even though he decided to sell an 8% stake of the company, Sergey Galitsky is still the holder of a 38% stake, among his other investments in agriculture, development, tourism and advertising. Most recently, he purchased a business jet, plus, he has a yacht under construction.