Image: Public domain | via Wikimedia Commons
Sergey Lomakin is a prominent Russian businessman with an estimated net worth of $1.2 billion as of December 2025. His wealth stems from his successful ventures in the retail sector, particularly through co-founding the discount retailer Fix Price in 2007. Lomakin, who is 52 years old, is the chairman of the company, which operates over 4,000 stores across several countries. He earned an MBA from the Academy of National Economy. He has been married and has five children.
Sergey Lomakin was born in Moscow in 1973. He showed an early interest in business and entrepreneurship. Lomakin graduated from the State Mining Institute in Moscow and later received an MBA from the Academy of National Economy.
Lomakin's career took off in 1998 when he co-founded the Kopeika supermarket chain with Artem Khachatryan and Alexander Samonov. The chain's discount model proved successful during the economic crisis. He served as CEO of Kopeika until 2007. In 2007, Lomakin, along with Artem Khachatryan, founded Sun Investments Partners, which led to investments in discount retail chains like Fix Price, Modis, and CenterShoes.
A key strategy for Lomakin has been focusing on discount retail, offering essential goods at affordable prices. Fix Price, his most successful venture, expanded rapidly, opening stores across Russia, Belarus, Kazakhstan, and other countries.
Sergey Lomakin is also involved in philanthropy, supporting several professional clubs.
Co-founded Kopeika, a discount supermarket chain.
Co-founded the discount retailer Fix Price with Artem Khachatryan.
Fix Price went public.
Bought nearly all of Artem Khachatryan's stake in Fix Price.
Supports professional football clubs.
""We are generators of competitive advantages.""
Was put on the federal wanted list on suspicion of embezzlement from Gazprombank. The case was later closed in 2018.
Included in the persona non grata list in Latvia.
Cypriot citizenship revoked due to violations of the Citizenship for Investment program.
