Biography
Nikolay Fartushnyak is a Russian billionaire and the co-founder of Sportmaster, Russia's largest sports and fashion retail chain. With a current net worth of $1.3 billion, as of March 24, 2026, Fartushnyak's wealth stems primarily from his retail ventures. His career began in the early 1990s with the distribution of French consumer goods, later pivoting to sports equipment. He co-founded Sportmaster in 1992 with his brother Vladimir and Alexander Mikhalskiy, expanding it to over 500 stores across multiple countries. Fartushnyak also co-founded the fast-fashion retailer O'stin. Despite his success, Fartushnyak's career has faced scrutiny, including a data breach at Sportmaster in 2023, which exposed sensitive customer information. He has also been linked to offshore dealings.