Forbes

JOHN CATSIMATID­IS

-

$2.7

BILLION  SELF-MADE SCORE: ) SOURCE: OIL, REAL ESTATE AGE: 71 RESIDENCE: NEW YORK CITY PHILANTHRO­PY SCORE: Catsimatid­is went from hosting a weekly radio show to purchasing a radio station this year. In June he bid $12 million for WABC in New York. The bulk of his fortune lies in real estate and a Pennsylvan­ia oil refinery. After graduating from Brooklyn Tech high school in 1967, Catsimatid­is got a job at Red Apple Grocery, stocking shelves and unloading deliveries for $1.10 an hour, then working his way up to cashier. He continued working at Red Apple while attending New York University, then dropped out shy of graduating to buy half the grocery store for $10,000. Today he owns the Gristedes chain of grocery stores.

 ??  ??

Newspapers in English

Newspapers from United States