#2243 Supermarket Billionaire: John Catsimatidis

There’s no money in owning markets, John Catsimatidis told me.

So how did he become a billionaire? He leveraged his supermarkets to buy real estate, gas stations, and more. Owning the markets protected his downside, as he explains in his book, “How Far Do You Want to Go?” and in this interview.

John Catsimatidis is a Greek-American businessman and philanthropist. He was born on September 7, 1948, in Nisyros, Greece. Catsimatidis is the owner and CEO of the Red Apple Group, a conglomerate that includes interests in oil refining, convenience stores, real estate, and supermarkets. He is also the founder and owner of Gristedes Foods, a grocery store chain in New York City. Catsimatidis has been involved in politics, running for mayor of New York City in 2013 as a Republican.

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