Born circa 1974, Artem Khachatryan is a Russian entrepreneur and a co-founder of Fix Price, Russia's leading discount variety store chain, whose success is rooted in the philosophy of 'extreme value.' Khachatryan pursued a technical education, studying at the State Mining Institute in Moscow, one of the country's prominent scientific and educational centers.

His pragmatic education in engineering was quickly supplemented by business acumen. In the late 1990s, he co-founded the Kopeika supermarket chain with his classmate Sergei Lomakin and another partner. The concept of the discounter store was perfectly timed for the challenging economic environment of the late 1990s in Russia. This early success in low-cost, high-volume retail established the foundational experience for his future billion-dollar venture.

Artem Khachatryan’s defining entrepreneurial act came in 2007. After selling their shares in Kopeika, Khachatryan and his partner Sergei Lomakin established the investment company Sun Investments Partners and co-founded Fix Price. The concept was simple but revolutionary for Russia: a single-price model where all products are sold at a fixed, low price, similar to Western dollar stores.

The company expanded rapidly, opening 60 stores in the first year (2008) and growing to over 6,000 stores across Russia, Belarus, Kazakhstan, and other countries by the 2020s. Khachatryan’s expertise in retail strategy and expansion was key to the company’s success. The company executed a massive IPO in March 2021 on the London and Moscow stock exchanges, raising $1.7 billion and marking the largest listing of a Russian company in a decade. His family's subsequent sale of a large portion of their remaining stake in 2023 secured his multi-billion dollar fortune, cementing his legacy as the master of low-cost retail logistics.

Artem Khachatryan’s most significant social impact is the structural provision of affordable, essential goods to millions of consumers across the Russian and post-Soviet landscape. The fixed-price, deep-discount model provides economic stability and affordability, particularly for low- and middle-income consumers.

The company is a massive employer across multiple countries, providing essential retail and logistical jobs. His commitment to the extreme value model ensures that a massive industrial and supply chain ecosystem is built around efficiency and cost management. His wealth and business success contribute significantly to the overall economic landscape of the regions where Fix Price operates.

Artem Khachatryan maintains the professional, formal style of a successful Russian industrialist, often favoring tailored, dark business suits. His aesthetic is one of disciplined, measured authority, reflecting the serious business of commanding a massive, multi-country retail and logistics operation.

His lifestyle is secure and influential, centered in Moscow. His luxury is the strategic freedom to create and dominate entire consumer sectors, transforming niche ideas into market-leading behemoths. His wealth affords him private travel and a high standard of living, but his focus remains on the complex logistics and retail expansion that are the hallmarks of his success.