The Real Deal New York

Gristedes’ John Catsimatidis pays for his own groceries, dropped more than $1M on his daughter’s recent wedding and cheated on his first wife — with his second one

August 09, 2011 10:46AM
By Lauren Elkies

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John Catsimatidis

From the August issue: John Catsimatidis is the owner, president, chairman and CEO of the Red Apple Group and Gristedes Foods — Manhattan’s largest supermarket chain. Red Apple — which Catsimatidis said has around $700 million to $800 million in real estate interests — has a proposal to build three residential towers in Coney Island and is planning to add more residential buildings to the one it has in Downtown Brooklyn. In addition, Catsimatidis said he personally owns 300 properties in New York State and Pennsylvania. And he owns the Hellenic Times, a Manhattan-based Greek-American newspaper. He is also a prominent political fund-raiser and donor. Click here for the full Q & A.

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