John Catsimatidis Net Worth is$3.1 Billion
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Profession: Businessperson
Date of Birth: 1948-09-07
Country: Greece
John Catsimatidis Net Worth: John Catsimatidis is a Greek-American businessman who has a net worth of $3.1 billion. Having made most of his wealth in dealing with supermarkets, oil and real estate, John Catsimatidis is the owner, chairman and CEO of Gristedes Foods and Red Apple Group; the former being the largest grocery chain in Manhattan and the latter a real estate company with some $800 million in holdings. The son of Greek immigrants, he was born on September 7, 1948 in Nisyros, Greece, and spent his entire life in the United States. After he acquired a degree in electrical engineering from New York University, he opened a single grocery store that later has become the Red Apple Group empire. Today, the group controls New York's Gristedes supermarkets and 800,000 square feet of city real estate, as well as it has holdings in aviation and holds real estate interests in New York, Florida, and the US Virgin Islands. Serving as the chairman and CEO of the Red Apple Group subsidiary United Refining Company, Catsimatidis also owns the Hellenic Times, a Greek-American newspaper based in Manhattan. Aside from his business, he tried his hand at politics as a Republican candidate in the 2013 New York City primary mayoral election.
John A. Catsimatidis (born 7 September 1948) is a Greek-American businessman. He is the owner, president, chairman, and CEO of Gristedes Foods, the largest grocery chain in Manhattan, and the Red Apple Group, a real estate company with about $700 million to $800 million in holdings. Catsimatidis also owns the Hellenic Times, a Greek-American newspaper based in Manhattan. He is also the chairman and CEO of the Red Apple Group subsidiary United Refining Company.
The Red Apple Group also has holdings in aviation and real estate interests in New York, Florida, and the U.S. Virgin Islands. He was a Republican mayoral primary candidate in the 2013 New York City primary mayoral election.


John Catsimatidis was born on the island of Nisyros, Greece on September 7, 1948. He came to the United States with his parents when he was six months old.
The family moved to West Harlem, where Catsimatidis grew up. Catsimatidis' father had to start over and began work as a busboy in New York. Catsimatidis graduated from Brooklyn Technical High School in 1966. He received a congressional nomination to West Point, but chose to study electrical engineering at New York University instead.
While in college, Catsimatidis worked for the uncle of a friend, Tony, in a small supermarket on 137th Street which Tony and his uncle owned. While Catsimatidis was still in college, Tony sold his half of the store to Catsimatidis. Catsimatidis completed four years of college, but dropped out eight credits short of graduating.
In 1971, Catsimatidis opened his first store, at Broadway and 99th Street. Shortly thereafter, he purchased another grocery store on 87th street just west of Broadway, naming it Red Apple. Among his business innovations were staying open late seven days a week, offering free delivery, and cashing checks for customers. Catsimatidis has stated that by the time he was 24 years old, "I built up ten stores and the business was doing $25 million a year, and I was pers

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John Catsimatidis Latest News

The Nation contributor: Trump critics would rather impeach than avoid war with Russia

"I put it like this: The people that are doing this would prefer to impeach Trump over avoiding war with Russia," he told host John Catsimatidis on New York's AM 970 in an interview airing Sunday. "An...
Posted: July 22, 2018, 6:02 am

John Catsimatidis’s final Downtown Brooklyn tower launches leasing

The fourth and final installment of John Catsimatidis’ Myrtle Avenue empire in Downtown Brooklyn has now launched leasing on its market-rate apartments. The 32-story building, located at 86 Fleet Plac...
Posted: January 5, 2018, 6:30 pm

Developers cashing in near Fort Greene Park

In the early 1980s, John Catsimatidis recalls, he spent $600,000 to buy the 1-story buildings occupying three city blocks along Myrtle Avenue just west of Brooklyn’s Fort Greene Park. Revenues from th...
Posted: February 26, 2018, 3:52 pm
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