John Catsimatidis to Invest in Greece

John Catsimatidis

Greek-American businessmanJohn Catsimatidis, one of the wealthiest Greeks of diaspora plans some important investments in Greece.

According to Greek newspaper Kyriakatiki Dimokratia, Catsimatidis has expressed interest in buying the Hilton hotel, located in central Athens, offering the amount of 93 million euros.

John Catsimatidis, born on September 7, 1948, is the owner and chairman managing director of Gristedes Foods, one of the largest chains of supermarkets in Manhattan.

The fortune of  John Catsimatidis (who grew up in Harlem, one of the poorest parts of New York City) today exceeds the billion dollar mark. While he was studying at NYU, he was working as an employee of a super market, though he never managed to get his degree.  Despite the fact that he never finished, the University (which is one of top ten Universities in the US) granted him an honorary Doctorate.

Catsimatidis controls Red Apple Group that has holdings in oil refining, wholesale and retail petroleum distribution, convenience stores, supermarkets, real estate, and aviation. Red Apple Group posted revenues of over $4 billion in 2010. Catsimatidis is a major employer in New York, Pennsylvania, and Ohio with over 8,000 employees, a global leader in the Greek Orthodox Church, in which he chairs the Religious Freedom Committee, bonding together Orthodox Christians, Catholics, and Jews in support of religious freedom around the world.


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