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Russian billionaire Sergey Galitsky: I am proud of my Armenian roots

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  • Russian billionaire Sergey Galitsky: I am proud of my Armenian roots

    Russian billionaire Sergey Galitsky: I am proud of my Armenian roots

    by Emil Sanamyan

    http://www.reporter.am/index.cfm?objectidæ01E8DB-6299-11E3-BA1600155D008B1E
    Published: Wednesday December 11, 2013

    Sergey Galitsky. Courtesy image

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    WASHINGTON - One of the richest people in Russia, who owns of the
    country's biggest retail chain that he created from the ground up,
    discussed his Armenian background in a live radio program.

    In the December 10 interview with Mayak that was mostly dedicated to
    football and Galitsky's role as the owner of FC Krasnodar, a Russian
    premier league side, Sergey Galitsky was asked if reports of his
    Armenian background were true and if he speaks Armenian.

    "75 percent of my ethnic background is Russian and 25 percent is
    Armenian," Galitsky said in the interview. "Since I grew up in a
    Russian environment, I unfortunately do not know the Armenian
    language, nevertheless I am proud of my Armenian roots."

    Galitsky is also in part responsible for the rise of the Armenian
    national team star forward Yura Movsisyan, who was scouted by FC
    Krasnodar from Denmark in 2011. Last year, Movsisyan transferred to
    Spartak Moscow, but as Galitsky recently told Sport-Express.ru, he
    remains one of his favorite players.

    Galitsky was born Sergey Arutyunyan in Lazarevskoye, a suburb of the
    city of Sochi, the upcoming site of the Winter Olympic Games.
    (Incidentally, Lazarevskoe is named after a Russian admiral of
    Armenian descent Mikhail Lazarev.) According to media reports,
    Galitsky took on his wife's family name when they got married.

    A stand-out among the billionaires

    After opening his first grocery store in 1998, the Magnit retail chain
    grew to include more than 5,000 stores, employing more than 200,000
    people around Russia. According to Forbes, Galitsky's personal wealth
    amounts to $8.2 billion, making him the richest known person of
    Armenian descent in the world.

    Among others, wealth of the 96-year-old Armenian American Kirk
    Kerkorian is currently estimated at about $3.9 billion, leaving him
    nearly "tied" with another Russian Armenian billionaire, 48-year-old
    real estate developer Samvel Karapetian, estimated to be worth $3.8
    billion. Russian Armenian Danil Khachaturov, 42, is reportedly worth
    $2.4 billion and Argentinean Armenian Eduardo Eurnekian, 71 - $1.8
    billion.

    Brothers Sergey and Nikolay Sarkisov, co-owners of Russian
    RESO-Garantia insurance and worth $1.35 billion each, were recently
    appointed Armenia's consuls general in Los Angeles and Lyon,
    respectively.

    Kerkorian, Karapetian, Eurnekian, Khachaturov and Sarkisovs have all
    made major investments in Armenia's infrastructure and economy.

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