In 1998, Sergey Galitskiy opened a small grocery in his hometown of Krasnodar, 800 miles south of Moscow. Over the next two decades he expanded that modest operation into an empire with almost $20 billion in sales and 16,000 stores across Russia, amassing a fortune valued at some $5 billion in the process. On Feb.13, he walked away.
Bloomberg: A Russian oligarch walks away from his $8 billion empire
From L: Russian Deputy Prime Minister Vitaly Mutko, Russian President Vladimir Putin, FIFA President Gianni Infantino and Sergei Galitsky, the founder and Chief Executive Officer of Russia's food retailer Magnit, inspect the FC Krasnodar Stadium in the southern city of Krasnodar on May 23, 2017.
