John Catsimatidis Net Worth (Updated 2025).

John Catsimatidis, a name now synonymous with entrepreneurial success, didn’t always start with a silver spoon. Born in New York City, he began his career at a young age, delivering newspapers and working at his family’s grocery store. This humble beginning instilled in him a strong work ethic and an understanding of the value of hard work.

After graduating from New York University’s Stern School of Business, Catsimatidis took a leap of faith in 1971. He borrowed $8,000 and opened his first grocery store, Gristedes, in Manhattan. This was the start of his empire, which would eventually grow to include over 130 stores across the tri-state area. His innovative approach to retail, including extended hours and a focus on customer service, quickly set Gristedes apart and catapulted him into the public eye.

John Catsimatidis’ Current Net Worth (2025)

As of 2025, John Catsimatidis’ current net worth is estimated to be around $3.5 billion, according to Forbes. This places him among the wealthiest individuals in the United States.

Career

John Catsimatidis is the founder, chairman, and CEO of Red Apple Group, a diversified holding company with interests in real estate, supermarkets, and oil. He started his career in the grocery business in the 1970s, eventually founding Gristede’s, which he later sold. In 1997, he acquired the Red Apple supermarkets, renaming them to his current company.

Other Ventures

Beyond Red Apple Group, Catsimatidis has ventured into politics. He ran for New York City Mayor in 2013 as a Republican, but lost in the primary. He also owns a private jet, a helicopter, and a yacht, reflecting his success and stature.

Assets

Catsimatidis’ real estate portfolio is extensive, including office buildings, retail spaces, and residential properties in New York City and other areas. His most notable asset is the iconic 666 Fifth Avenue skyscraper in Manhattan, which he purchased in 2007. Additionally, he owns a 100-foot yacht named “Catsimatidis”.

Annual Income

John Catsimatidis’ annual income is primarily derived from his role as the CEO of Red Apple Group. His exact salary is not publicly disclosed, but as of 2021, his compensation package was valued at over $10 million. This includes his base salary, bonuses, and other forms of compensation.

Frequently Asked Questions about  John Catsimatidis

Frequently Asked Questions: John Catsimatidis Net Worth

1. What is John Catsimatidis’ net worth?

John Catsimatidis’ net worth is estimated to be around $3.1 billion.

2. How did John Catsimatidis make his money?

John Catsimatidis made his fortune through his business career, primarily as the founder and chairman of the Red Apple Group, a conglomerate with interests in real estate, energy, and supermarket chains.

3. What is the Red Apple Group?

The Red Apple Group is a diversified conglomerate founded by John Catsimatidis in 1973. It has interests in real estate, energy, and supermarket chains, including Gristedes and D’Aguillo Supermarkets.

4. What is John Catsimatidis’ background?

John Catsimatidis was born in New York City to Greek immigrant parents. He graduated from Columbia University with a degree in economics and later earned an MBA from New York University’s Stern School of Business.

5. What political affiliations does John Catsimatidis have?

John Catsimatidis is a registered Democrat but has also contributed to Republican candidates. He ran for New York City Mayor in 2013 as a Republican but lost in the primary.

6. What is John Catsimatidis’ philanthropic work like?

John Catsimatidis is known for his philanthropic efforts, particularly in education and healthcare. He has donated to various causes, including the construction of a new medical school building at St. George’s University in Grenada.

7. Does John Catsimatidis have any children?

Yes, John Catsimatidis has two children, Andrea and John Jr., with his wife Margo. Both of his children are involved in the family business.

8. What is John Catsimatidis’ age?

John Catsimatidis was born on March 7, 1948, making him 74 years old as of 2022.

9. What is John Catsimatidis’ stance on climate change?

John Catsimatidis has expressed support for renewable energy and has invested in wind and solar energy projects through his company, Red Apple Energy.

10. What are some of John Catsimatidis’ hobbies and interests?

John Catsimatidis is known for his love of aviation and is a licensed pilot. He also enjoys playing golf and has been a member of several exclusive golf clubs.