Artem Khachatryan

Net Worth

$1.65B

0% (24h)

Artem Khachatryan is a Russian retail entrepreneur, co-founder of Fix Price, a leading discount retailer in Russia. His career began in the retail sector, co-founding the grocery chain Kopeika before transitioning to the fixed-price retail model. His achievements include pioneering the dollar-store concept in Russia, which led to Fix Price's rapid expansion, successful IPO, and a current net worth of $1.6 billion. He is also a Co-Chairman of Galaxy Group of Companies.

The Full Dossier

Early Life and Education

Artem Khachatryan was born in 1975. He graduated from Moscow State Mining University in 1997 with a Master of Science degree.

Rise to Success

Khachatryan's career began in the retail industry. He co-founded the grocery chain Kopeika with partners. In 2007, Khachatryan co-founded Fix Price with Sergei Lomakin, which became Russia's largest chain of fixed-price variety stores. This business model proved popular with Russian consumers, leading to rapid expansion across Russia and neighboring countries. Fix Price went public in 2021.

Key Business Strategies

Artem Khachatryan and his partner introduced the fixed-price retail model to Russia. Fix Price offered a wide range of household goods, food, and other products at low, fixed price points. The company expanded rapidly, opening thousands of stores. Khachatryan sold his entire stake in Fix Price in December 2023.

Philanthropy

Philanthropic details were not found in the search results.

Career Timeline

2023

Sold Stake in Fix Price

Khachatryan sold his entire stake in Fix Price.

2021

Fix Price IPO

Fix Price went public in London and Moscow.

2007

Co-founded Fix Price

Co-founded the Russian discount retailer Fix Price with Sergei Lomakin.