John Catsimatidis Net Worth 2016

John Catsimatidis Net Worth

Real Name: John Catsimatidis
Date of Birth: 09/07/1948
Place of Birth: Nisyros, Greece

2017 Net Worth: $3.4 Billion
2016 Earnings:

Profession: Owner of Hellenic Times, Chairman of Red Apple Group, Chairman of United Refining Company, Owner and CEO of Gristedes Foods, radio talk show host

John Catsimatidis Biography


John Catsimatidis was born on September 7, 1948 on the Greek Island of Nisyros. His family moved to New York in the US when he was just an infant. Catsimatidis grew up in the West Harlem area of New York. He attended Brooklyn Technical High School and received a congressional nomination to go to West Point, but instead chose to study electrical engineering at New York University. Catsimatidis worked his way through college at a small supermarket that his uncle and a friend owned. His friend sold Catsimatidis his half of the store just before he graduated college. He decided to throw his efforts into the store and dropped out just 8 credits short of a degree.

From a 50 percent ownership in one small local supermarket, Catsimatidis has become the owner and CEO of Gristedes Foods and Red Apple Group. Gristedes Foods is the largest supermarket chain in New York. Red Apple Group is a real estate investment company with more than $800 million in holdings and an estimated 8000,000 square feet of real estate in Florida, New York, and the Virgin Islands. Besides his lucrative grocery store chain and real estate holdings, Catsimatidis is also CEO of the Red Apple Group subsidiary, the United Refining Company, which owns pipelines, a refinery in Pennsylvania and more than 350 gas stations. As if this were not enough, he is the owner of a Manhattan based, Greek-American newspaper, the Hellenic Times, as well as having his own radio talk show on station WNYM.

Catsimatidis still seems to have a wide variety of interests. He ran for Mayor of New York City in 2013 and lost, but has said he might run again. He also recently invested in a biofuel facility in New York, which produces biodiesel from organic waste and restaurant grease. Catsimatidis has a 2016 net worth of $3.4 billion.

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