Red Apple Group Net Worth is4.00e $Billion
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DATE OF BIRTH: 1948
John Catsimatidis b. 1948, is a Greek-born American businessman. He is the owner, president, chairman, and CEO of the Red Apple Group and Gristedes Foods. 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 owns and operates the Hellenic Times newspaper. John Catsimatidis has also received an Ellis Island Medal of Honor.
Catsimatidis grew up in New York, NY after coming to the United States as an infant with his parents from the island of Nisyros, Greece. He graduated from Brooklyn Technical High School in 1966.
While pursuing a BS in electrical engineering at New York University (NYU), Catsimatidis worked for an uncle in a small supermarket on 137th Street. Catsimatidis ultimately dropped out of college, and in 1971, convinced he could make money in the grocery business, he opened his first store on Manhattan's Upper West Side at 99th Street and Broadway under the name "Seven Eleven" (which was not part of the similarly named franchise). Soon afterwards he opened a Red Apple supermarket on 87th street just west of Broadway.
A certified jet pilot, Catsimatidis has been involved in the airline industry since the early 70's. His holdings in the aviation industry have included a fleet of leased commercial aircraft operated as C&S Acquisition and Capitol Air Express. His corporate jet company, United Air Fleet, operated as many as forty corporate aircraft.
In 1986 the Gristedes supermarket chain was acquired by the Red Apple Group. Gristedes was founded in 1888 by brothers Diedrich and Charles Gristede. There are over 50 stores in the chain operating throughout New York City, Westchester and a single store in Locust Valley, Long Island.
United Refining Company of Warren, PA., founded in 1902, currently employs over 3470 people and is a subsidiary of Red Apple Group. The refinery processe

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