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Sergey Lomakin

Sergey Lomakin

S. Lomakin
0% | + $0.00M
$1.17 B ₹ 10,618 Cr
Real Time Net Worth #2957 Ranking as of 21 Feb 2026 By Forbes

More on Sergey Lomakin

Gender

Male

Age

52Y

Country

Russia

Born On

August, 1973

Deceased

No

Relationship Status

Married

Children

Unknown

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Retail)

Primary Organization

Fix Price

Titles

Co-Founder

Sources of Wealth

Fix Price, Kopeika (Sold)

Industry

Fashion & Retail

About Sergey Lomakin


S ergey Lomakin is a prominent Russian retail entrepreneur, known for co-founding two of the country's most successful retail chains. His career in retail began in the late 1990s when he and his business partner, Artem Khachatryan, founded the Kopeika chain of discount grocery stores. They successfully grew Kopeika into a major national player before selling it to the competitor X5 Retail Group in a landmark deal in 2007.

After the sale of Kopeika, Lomakin and Khachatryan did not rest on their laurels. They identified a new niche in the market and in 2007 launched Fix Price, a chain of fixed-price variety stores. The concept, inspired by international 'dollar stores,' was a massive hit in Russia, offering a wide range of household goods, cosmetics, and food items at a single low price point. Lomakin's expertise in logistics, sourcing, and retail operations allowed Fix Price to expand at a phenomenal pace, becoming one of Europe's largest chains of its kind. The company successfully completed an IPO in London in 2021, cementing Lomakin's reputation as a master of the discount retail format.

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Quick Reads


  • Co-founder of the Fix Price chain of fixed-price retail stores.
  • Previously co-founded the Kopeika discount supermarket chain, which he sold in 2007.
  • His primary business partner is Artem Khachatryan.
  • Fix Price is one of the largest 'dollar store' style retailers in Europe.
  • Successfully took Fix Price public with an IPO in London in 2021.

Early Life and Background


Sergey Alexandrovich Lomakin is a Russian businessman, the self-made billionaire Co-founder of Fix Price Group (LSE: FIXP) (discount retail) and Kopeyka (supermarket chain). His career is rooted in retail, entrepreneurial audacity, and strategic acquisition.

Lomakin's philosophical approach centers on scale, disruption (pioneering the fixed-price retail model), and long-term asset hold in the essential discount retail sector (leveraging high-volume sales). He co-founded Kopeyka in 1998 and later Fix Price in 2007.

  • Fix Price Group (Co-founder & Shareholder): The core publicly traded asset, the dominant fixed-price discount retail chain in Russia (operating over 6,000 stores).
  • Kopeyka (Former Co-founder): The discount supermarket chain he co-founded (sold to X5 Retail Group in 2010 for $1.6 billion).
  • Retail Pioneer: His success is built on scale retail and dominating the domestic market for affordable consumer goods through low-cost, fixed-price operations.
  • Investment Strategy: His philosophy is rooted in long-term investment in retail real estate and logistics infrastructure and leveraging the massive growth of the Russian mass consumer market.

Career Journey of Sergey Lomakin


Sergey Lomakin's strategic genius was his commitment to the discount retail segment. He co-founded Kopeyka in 1998, successfully building it into a major supermarket chain before the $1.6 billion sale to X5 Retail Group in 2010. 2007: Fix Price. He co-founded Fix Price, recognizing the structural opportunity to pioneer the fixed-price, dollar-store retail model in Russia. His structural contribution is immense: pioneering the modern, scale discount retail model in Russia, providing essential affordable consumer goods to millions of households.

The company successfully executed its IPO on the London Stock Exchange (LSE) in 2021. His wealth is secured by the colossal liquid gains from the Kopeyka sale and the long-term appreciation of his stake in Fix Price.

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Sergey Lomakin's Timeline


1998:

Co-founds Kopeyka (Founding 1).

2007:

Co-founds Fix Price (Founding 2).

2010 (December):

Sells Kopeyka to X5 Retail Group for $1.6 billion (Major Exit 1).

2021 (March):

Fix Price executes its successful IPO on the LSE (Financial Milestone).

Ongoing:

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

Major Business Ventures and Investments


Sergey Lomakin's wealth is concentrated in his liquid capital generated from the $1.6 billion Kopeyka sale and his founding equity in the publicly traded retail giant, Fix Price Group (LSE: FIXP), and his private investments.

  • Fix Price Group (Co-founder & Shareholder): The core publicly traded asset, the dominant fixed-price discount retail chain in Russia (operating over 6,000 stores).
  • Kopeyka (Former Co-founder): The discount supermarket chain he co-founded (sold to X5 Retail Group for $1.6 billion in 2010).
  • Retail Pioneer: His success is built on scale retail and dominating the domestic market for affordable consumer goods.
  • Investment Strategy: His philosophy is rooted in long-term investment in retail real estate and logistics infrastructure and leveraging the massive growth of the Russian mass consumer market.

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Philanthropy and Social Impact


Sergey Lomakin's social impact stems from Fix Price's role in providing essential, highly affordable consumer goods to millions of Russian consumers, significantly impacting price stability in the retail sector. The company contributes to job creation and provides crucial accessibility to low-cost merchandise across the region.

His personal philanthropy supports various community and educational initiatives.

Fashion, Style, and Lifestyle


Sergey Lomakin maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored 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, strategic management, and logistics efficiency.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Co-founder of Fix Price (Russia's fixed-price discount chain) and Kopeyka (supermarket, sold for $1.6 billion).
  • Fix Price pioneered the dollar-store/fixed-price retail model in Russia.
  • The company operates over 6,000 stores globally.
  • His fortune is tied to the successful monetization and scale of the Russian mass consumer market.
  • He successfully led the sale of Kopeyka to X5 Retail Group.
  • His philosophy emphasizes cost efficiency and rapid scale expansion.

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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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