LeaderPortfolio
Khachatryan
Artem Khachatryan
Rank #2244
RUSSIAFashion & RetailRetail

Artem Khachatryan

Net Worth
$1.831B
0% (24h)
Artem Khachatryan, born in 1975, is a prominent figure in the retail industry, with a net worth of $1.8 billion as of 2024. His source of wealth is primarily from retail, specifically as the co-founder of the Russian discount retailer Fix Price. Khachatryan's career includes establishing and managing businesses, notably within the retail and hospitality sectors. He is also involved with the Galaxy Group, curating and developing these industries. He has a Master of Science degree from Moscow State Mining University.

How to read Artem Khachatryan's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Artem Khachatryan, we anchor the narrative to Retail and Retail, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $1.831B alongside global rank #2244, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (RUSSIA) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life

Artem Khachatryan was born on January 3, 1975. He graduated from the Moscow State Mining University with a Master of Science degree.

Rise to Success

Khachatryan co-founded the Russian discount retailer Fix Price in 2007 with Sergei Lomakin. The chain expanded to over 4,000 stores across Russia, Kazakhstan, Georgia, Belarus, Latvia, Kyrgyzstan, and Uzbekistan. Fix Price went public in 2021. In December 2023, Khachatryan sold his entire stake in Fix Price and resigned from the board, citing family matters. He is also involved with the Galaxy Group, curating and developing retail and hospitality industries.

Key Business Strategies

The success of Fix Price was built on offering basic goods at predictable, cheap prices. The company's expansion strategy involved rapid growth through franchising and adapting to market conditions, such as the 2014 ruble collapse, by adjusting import strategies. Khachatryan has also shown an aptitude for strategic management, business negotiations, and corporate innovation.

Philanthropy

While specific philanthropy amounts are not readily available, Khachatryan was awarded the highest order of St. Gregory the Illuminator by the Armenian Apostolic Church for his service and contribution to the Holy Church and the homeland.

Career Timeline

2023

Sold stake in Fix Price & Resigned

Sold entire stake in Fix Price and resigned from the board, citing family matters.

2021

Executive Director

Fix Price went public

2007

Cofounder

Cofounded Fix Price

2004

Director of Logistics

Director of Logistics of the entire Kopeika network.

1997

Director of Logistics

Director of logistics at Coffee Trading Company.

Philanthropic Impact

ReligiousUnknown

Contribution to the Armenian Apostolic Church

Awarded the highest order of St. Gregory the Illuminator by the Armenian Apostolic Church for his service and contribution to the Holy Church and the homeland.

Key Business Ventures & Holdings

CompanyStakeValue
Fix Price

Net Worth History

In-Depth Analysis

Early Life

Artem Khachatryan was born on January 3, 1975. He graduated from the Moscow State Mining University with a Master of Science degree.

Rise to Success

Khachatryan co-founded the Russian discount retailer Fix Price in 2007 with Sergei Lomakin. The chain expanded to over 4,000 stores across Russia, Kazakhstan, Georgia, Belarus, Latvia, Kyrgyzstan, and Uzbekistan. Fix Price went public in 2021. In December 2023, Khachatryan sold his entire stake in Fix Price and resigned from the board, citing family matters. He is also involved with the Galaxy Group, curating and developing retail and hospitality industries.

Key Business Strategies

The success of Fix Price was built on offering basic goods at predictable, cheap prices. The company's expansion strategy involved rapid growth through franchising and adapting to market conditions, such as the 2014 ruble collapse, by adjusting import strategies. Khachatryan has also shown an aptitude for strategic management, business negotiations, and corporate innovation.

Philanthropy

While specific philanthropy amounts are not readily available, Khachatryan was awarded the highest order of St. Gregory the Illuminator by the Armenian Apostolic Church for his service and contribution to the Holy Church and the homeland.

Data Sources & Methodology

Figures for Artem Khachatryan are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.