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John Catsimatidis

John Catsimatidis

J. Catsimatidis
6.88% | + $310.00M
$4.82 B ₹ 43,829 Cr
Real Time Net Worth #866 Ranking as of 21 Feb 2026 By Forbes

More on John Catsimatidis

Gender

Male

Age

77Y

Country

United States

Born On

September, 1948

Deceased

No

Relationship Status

Married

Children

2

Education

New York University (Dropout)

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Diversified)

Primary Organization

Red Apple Group

Titles

Founder, Chairman & CEO

Sources of Wealth

Red Apple Group

Industry

Diversified, Retail, Energy, Real Estate

About John Catsimatidis


J ohn Catsimatidis is a self-made American billionaire with a sprawling and diversified business empire held through his company, the Red Apple Group. His is a classic immigrant success story. Born on a Greek island, he came to the U.S. as an infant and grew up in Harlem. A college dropout, he got his start in the grocery business, eventually building his single small store into the Gristedes supermarket chain in New York City.

He has since built the Red Apple Group into a massive conglomerate with interests in a wide range of industries. In addition to his supermarket chain, he is a major player in the energy sector, with oil refining and convenience store and gas station operations. He has also built a massive real estate portfolio, with a focus on development in Brooklyn and other parts of New York. He is a prominent and outspoken public figure, the host of his own radio show, and a major political donor who has also run for mayor of New York City.

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Quick Reads


  • A self-made billionaire and founder of the Red Apple Group.
  • Owner of the Gristedes supermarket chain in New York City.
  • Also has major holdings in oil refining and real estate.
  • Born in Greece, he grew up in Harlem.
  • A prominent public figure, he has run for mayor of New York City.

Early Life and Background


John Catsimatidis is a Greek-American businessman, the self-made billionaire Founder of the Red Apple Group, a massive conglomerate spanning grocery retail, real estate, energy, and media (WABC Radio). Born on the Greek Island of Nisyros in 1948, his family emigrated to New York City six months later, settling in Harlem.

Catsimatidis attended NYU to study electrical engineering, but dropped out during his senior year with just eight credits remaining to work in the grocery business full-time. His career began humbly: working in a small grocery store on nights and weekends to help his parents pay the bills. His philosophy centers on self-reliance, political engagement, and vertical integration across essential urban sectors.

  • Red Apple Group (Founder & CEO): The core private asset, a massive conglomerate spanning grocery retail (Gristedes, Sloan's), real estate, energy, and media (WABC Radio).
  • Retail Pioneer: By age 24, he owned 10 Red Apple Supermarkets on Manhattan's Upper West Side.
  • Political Role: He is a major figure in the Republican Party (a major donor and former candidate for Mayor of New York City).
  • Civic Influence: He learned a key lesson from Bill Clinton: always went into the kitchen and said hello to the waiters and the busboys and the cooks—valuing all people, regardless of role.

Career Journey of John Catsimatidis


John Catsimatidis's strategic genius was his aggressive expansion and vertical integration. He quickly grew his grocery interests into the Red Apple Supermarket chain. His subsequent moves diversified his empire into real estate (owning property on Ocean Drive) and energy, becoming a major supplier of fuel and refined products. He later acquired WABC Radio, consolidating his position as a media proprietor.

He is a major figure in New York City politics (running for Mayor in 2013) and a prominent Republican donor (though he once hosted 'Republicans for Cuomo' events). His structural contribution is tied to the consolidation of the grocery retail market in New York and his immense holdings in urban real estate. His wealth is secured by the colossal, long-term, stable profitability of his diversified, privately held conglomerate.

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John Catsimatidis's Timeline


1969 (approx.):

Drops out of NYU to work in the grocery business full-time (Pivotal Event).

1972 (Age 24):

Owns 10 Red Apple Supermarkets (Retail Milestone).

1980s (approx.):

Red Apple Group diversifies into energy and real estate (Strategic Diversification).

2013:

Runs as a Republican candidate for Mayor of New York City (Political Career).

Ongoing:

Continues as Founder and CEO of the Red Apple Group and Owner of WABC Radio (Executive Oversight).

Major Business Ventures and Investments


John Catsimatidis's wealth is concentrated in his founding and controlling ownership of the private conglomerate, Red Apple Group.

  • Red Apple Group (Founder & CEO): The core private asset, a massive conglomerate spanning grocery retail (Gristedes, Sloan's), real estate, energy, and media (WABC Radio).
  • Retail Pioneer: By age 24, he owned 10 Red Apple Supermarkets on Manhattan's Upper West Side.
  • Political Role: He is a major figure in the Republican Party (a major donor and former candidate for Mayor of New York City).
  • Civic Influence: He learned a key lesson from Bill Clinton: always went into the kitchen and said hello to the waiters and the busboys and the cooks—valuing all people, regardless of role.

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Philanthropy and Social Impact


John Catsimatidis's social impact is structural, stemming from the Red Apple Group's role as a massive employer and provider of essential food and fuel for New York and the U.S. East Coast. His media ownership influences public discourse. His personal philanthropy supports schools and education in challenged communities in New York, reflecting his belief that hard work leads to success.

His structural contribution is tied to the successful consolidation of urban retail and energy logistics and his commitment to civic engagement.

Fashion, Style, and Lifestyle


John Catsimatidis maintains the high-profile, confident style of a major executive and media owner. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects stability and his commitment to New York City's business and political life.

Residing in New York City, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to industrial scale, political influence, and the long-term stewardship of his diversified conglomerate.

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Quotes and Philosophy


“I made it. If you work hard, you can make it too.”

Fun Facts & Trivia


  • He is the Founder and CEO of the Red Apple Group (grocery, real estate, energy, media).
  • He dropped out of NYU with eight credits remaining to work full-time in the grocery business.
  • By age 24, he owned 10 Red Apple Supermarkets.
  • He is a major Republican donor and former candidate for Mayor of New York City.
  • He owns WABC Radio.
  • His wealth is tied to the successful vertical integration and consolidation of urban retail and energy supply.
  • He learned a great life lesson from Bill Clinton when he went into the kitchen to greet the busboys.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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