John Catsimatidis

Vitals
Full Name
John A. Catsimatidis
Place of Birth
Nissyros, Greece
Neighborhood
Upper East Side
Other Residences
Southampton, NY
Filed Under
Business
Lists
Rating
Average rating
0.0
Your rating

Tips

Have something to share with us?

Who

John Catsimatidis is a player in two of the favorite realms of New Yorkers: food and politics. In addition to owning the Gristedes supermarket chain, the Greek-born magnate flirted with a run for City Hall in 2009.

Backstory

The son of a busboy, Greek-born Catsimatidis (it's pronounced Cah-tsee-mah-TEE-dees) grew up in a tenement in Harlem, moonlighted at his uncle's supermarket during college, and dropped out of a graduate program in engineering at NYU to open his first Red Apple supermarket at 87th and Broadway in 1968. Eighteen years later, Red Apple had grown large enough to acquire 36 Gristedes Brothers Supermarkets, giving it a grand total of 75 supermarkets, more than any other chain in the city. While Catsimatidis's supermarket assets aren't what they once were—there are now fewer than 40 Gristedes in New York, close to half than there were a decade ago—these days his Red Apple Group has interests in a wide variety of other businesses, from oil refining (the United Oil Refinery) to convenience stores (the Kwik-Fill chain) to real estate and aviation. All in, the privately held Red Apple employs some 10,000 people and brings in some $3.8 billion in annual revenue. 

Of note

Catsimatidis has long been a big-time Democratic fundraiser—he's raised money for Bill and Hillary Clinton, Al Gore, and John Kerry—but in the fall of 2007 he switched his affiliation to the Republican party, part of a plan, most assumed, to run for mayor in 2009. Catsimatidis briefly flirted with the idea in early 2009. But when Mayor Bloomberg successfully extended term limits and positioned himself to remain in place for a third term, Catsimatidis abandoned the idea. He remains a potential candidate the next time around, however. 

On the side

Catsimatidis is owner and editor of the Hellenic Times, the largest Greek American newspaper in the country.

Keeping score

Forbes pegged Catsimatidis's net worth at $2.1 billion in 2008.

Personal

The heavyset Catsimatidis has two kids with his second wife Margo, his former secretary: Andrea John ("AJ") and John Andreas ("Yanni"). The family lives on the Upper East Side.



Sign in to post a comment | View all comments

127851_comment
Xanaduman said at 11:53AM on Aug 29, 2008
If Bloomberg is not able to run again, I think another self made New Yorker like John Catsimatidis would make an ideal Candidate for mayor. The same qualities that make Bloomberg effective are possessed by Catsimatidis. Both have proven executive and management experience, they were not professional politicians before their interest in politics and both are not vulnerable to being corrupted by money. So I say, lets wait and see...maybe John deserves a shot at it.
125895_comment
Doodles said at 10:00PM on Mar 09, 2009
Am I the only who thinks for someone not in the know, his name sounds like an awful disease?! You could easily have a doctor tell me I have Catsimatidis and I'd think it was terminal. Man what a name!