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Nikolay Fartushnyak

Nikolay Fartushnyak

N. Fartushnyak
0% | + $0.00M
$1.54 B ₹ 14,028 Cr
Real Time Net Worth #2481 Ranking as of 21 Feb 2026 By Forbes

More on Nikolay Fartushnyak

Gender

Male

Age

59Y

Country

Russia

Born On

November, 1966

Deceased

No

Relationship Status

Married

Children

1

Education

Moscow Institute Of Physics And Technology

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Retail)

Primary Organization

Sportmaster

Titles

Co-Founder

Sources of Wealth

Sportmaster

Industry

Fashion & Retail, Sports

About Nikolay Fartushnyak


N ikolay Fartushnyak is a Russian entrepreneur who co-founded Sportmaster, one of the largest sporting goods retail chains in Eastern Europe. He embarked on his entrepreneurial journey in the early 1990s, a period of profound economic transformation in Russia following the collapse of the Soviet Union. In 1992, Fartushnyak and his brother Vladimir, along with Alexander Mikhalsky and Dmitry Doit, started a small business distributing German Kettler fitness equipment. They recognized the growing public interest in health and fitness in post-Soviet Russia and sought to fill a significant gap in the market for quality sporting goods.

The venture began modestly, operating out of a small space at the Russian State University of Physical Education, Sport, Youth and Tourism. The business steadily grew, and in 1995, they opened their first retail store in Moscow under the name Kettler-Sport. Realizing the potential for a multi-brand format, they launched the first Sportmaster store in 1997. The company expanded rapidly across Russia and into neighboring CIS countries like Ukraine, Belarus, and Kazakhstan, becoming the dominant player in the sporting goods retail market. The group also developed other retail formats, including the O'STIN casual wear chain and the Funday discount apparel stores, diversifying its retail empire.

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Quick Reads


  • Co-founder of Sportmaster, a major sporting goods retailer in Eastern Europe.
  • Started in 1992 by distributing Kettler fitness equipment in Russia.
  • Opened the first Sportmaster store in Moscow in 1997.
  • The group also owns the O'STIN and Funday apparel chains.
  • His brother, Vladimir Fartushnyak, is also a co-founder and billionaire.

Early Life and Background


Nikolay Petrovich Fartushnyak is a Russian businessman, the self-made billionaire Co-founder and Executive of Sportmaster Group, a massive, privately held multinational conglomerate specializing in sporting goods retail and apparel. His career is rooted in entrepreneurial audacity and retail logistics.

Fartushnyak graduated from the Moscow Aviation Institute (MAI) with a degree in Mechanical Engineering. His entrepreneurial journey began with his partners, recognizing the immense, untapped domestic demand for affordable, Western-style sporting goods in the post-Soviet transition era. His philosophy centers on scale, vertical integration (controlling sourcing and retail), and long-term asset hold in the essential consumer retail sector.

  • Sportmaster Group (Co-founder & Executive): The core private asset, a massive retailer of sporting goods, apparel, and footwear (operating over 500 stores across Russia, Belarus, Ukraine, Kazakhstan, and China).
  • Retail Pioneer: His success is built on scale retail and dominating the domestic market for sports equipment and casual apparel.
  • Investment Strategy: His philosophy is rooted in long-term investment in retail real estate and leveraging the massive growth of the Russian and Central Asian consumer markets.

Career Journey of Nikolay Fartushnyak


Nikolay Fartushnyak's strategic genius was his commitment to brand development and scale. He co-founded Sportmaster (initially as a trading company for fitness equipment) in 1992 with his brother, Vladimir Fartushnyak, and their partner, Dmitry Dozhdikov. Under his guidance as an Executive, the company expanded aggressively into large-format retail stores, successfully developing its own private-label brands and securing exclusive distribution rights for international brands.

His structural contribution is immense: pioneering the modern, large-scale sporting goods retail model in post-Soviet countries. His wealth is secured by the colossal, long-term, stable profitability of the global retail and consumer goods sectors.

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Nikolay Fartushnyak's Timeline


1992:

Co-founds Sportmaster (Founding).

2000s:

Sportmaster expands aggressively into large-format retail stores across Eastern Europe and Central Asia (Global Expansion).

Ongoing:

Continues as Co-founder and Executive, guiding the massive retail empire (Executive Oversight).

Major Business Ventures and Investments


Nikolay Fartushnyak's wealth is concentrated in his founding equity and continued executive leadership role in the private retail giant, Sportmaster Group.

  • Sportmaster Group (Co-founder & Executive): The core private asset, a massive retailer of sporting goods, apparel, and footwear (operating over 500 stores across Russia, Belarus, Ukraine, Kazakhstan, and China).
  • Retail Pioneer: His success is built on scale retail and dominating the domestic market for sports equipment and casual apparel.
  • Academic Background: He holds a degree in Mechanical Engineering from MAI (Moscow Aviation Institute).
  • Investment Strategy: His philosophy is rooted in long-term investment in retail real estate and leveraging the massive growth of the Russian and Central Asian consumer markets.

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Philanthropy and Social Impact


Nikolay Fartushnyak's social impact is structural, stemming from Sportmaster Group's role as a massive employer (thousands of jobs) and foundational provider of affordable sports apparel and equipment for millions of consumers. His companies contribute significantly to national retail and service sectors. His personal philanthropy supports various community and educational initiatives.

His structural contribution is tied to the successful industrialization and professionalization of the Russian retail sector.

Fashion, Style, and Lifestyle


Nikolay Fartushnyak maintains the professional, pragmatic style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored business suits. His aesthetic reflects serious authority and stability, typical of a leader in the global retail sector.

Residing in Moscow, Russia, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to retail scale, brand management, and strategic investment.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Co-founder of Sportmaster Group, one of Russia's largest sporting goods retailers.
  • Sportmaster operates over 500 stores across five countries.
  • He holds a degree in Mechanical Engineering.
  • His wealth is tied to the successful monetization of the retail sector in the post-Soviet economy.
  • He co-founded the company with his brother, Vladimir Fartushnyak.
  • His fortune is a direct result of the massive growth of the Russian consumer market.
  • His philosophy emphasizes scale, vertical integration, and value pricing.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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