Three Armenian Businessmen in the Forbes List

• 03.07.2018, 11:35
•  World

Forbes

The Forbes magazine has published its annual Billionaires 2018 ranking with three Armenian businessmen.

Samvel Karapetyan

• Owns $2.8 billion (sales) Tashir Holding, a commercial real estate developer.
• Karapetyan was born in Armenia but came to Russia in the 1990s and settled in the town of Kaluga.
• A long time subcontractor of Gazprom, Tashir also has state contracts to light the central streets in Moscow.
• Karapetyan's son Sarkis and daughter Tatevik are Tashir's top managers. Tatevik is responsible for the development of its chain of movie theaters.
• Karapetyan has built shopping centers in Armenia and last year bought electric power company, Armenian Electric Grids.

Sergei Galitsky

• Is the founder of Magnit, one of Russia's biggest supermarket chains and cosmetics retailers with more than 15,000 stores.
• Galitsky was CEO of Magnit until February 2018 when he sold almost all of his shares in the company to the state bank VTB for $2.4 billion.
• Galitsky got his start in 1994 as a perfume and beauty supplies wholesaler.
• An admirer of Wal-Mart, he opened his first grocery store in 1998 and advertised using the slogan "Always Low Prices."
• He took the company public in 2006.

Eduardo Eurnekian

• The son of Armenian immigrants to Argentina, first operated in the textile industry.
• He delved into the cable TV business in the 1980s. His portfolio now includes radio stations, newspapers and a TV channel.
• In the 1990s, he netted $750 million in the sale of Argentine TV firm Cablevision.
• Under his Corporacion America, Eurnekian and partners own more than 50 airports around the world, bringing in reported revenues over $2 billion.
• Other ventures include chip factory Unitech Blue, a biodiesel production facility and land in Armenia used for fruit production and wine.