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04-Aug-2019 12:40

Red Apple has holdings in oil refining, retail petroleum products, convenience stores, supermarkets and real estate.

With a major focus on energy, Catsimatidis’ fortune accelerated with rising oil prices.

Today, the Company owns and operates approximately 600 retail convenience stores with gasoline throughout the Northeast and Florida, supplies 2500 Gulf branded gasoline stations and has approximately 7000 employees. Cumberland Farms donates millions in cash and products to benefit young people, through its Believe and Achieve Scholarship program, to hunger relief efforts and to support the communities in which we operate. CATSIMATIDIS NET WORTH: BILLION OIL, REAL ESTATE, SUPERMARKETS Ranked 551ST among the world’s 1,600-plus billionaires and 190th among America’s 492 according to Forbes, John Catsimatidis, 65, ran a self-funded campaign for the New York City Republican nomination for mayor in 2013.

Forbes ranked Cumberland Farms the 18th largest privately held company in the U. Ari Haseotes and his wife Ashley also founded the One Mission ( childhood cancer foundation. With 41 percent of the primary vote, Catsimatidis lost the nomination to Joe Lhota, who was then trounced in the November general election by Democrat Bill de Blasio.

His parents came to America with him from the island of Nisyros while he was a child.

He grew up in New York City on Manhattan’s west side.

That is why, for example, you will find that the three people on our list each worth 0 million, are all ranked 24th.) 1. In 1956, the company opened a jug-milk store in Bellingham, Mass.

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It reportedly owns 0 million worth of property and the Gristedes supermarket chain.

Most of our top names have been at the top of rankings such as those at Forbes magazine for many years.

But as we continue to follow their trajectories, we always find some new achievement.

Catsimatides’ pro-business agenda included bringing the World’s Fair back to New York City, freezing city taxes, and cutting the high school dropout rate by increasing vocational training.

Catsimatidis is chairman & CEO of the Red Apple Group, ranked 98th by Forbes among the country’s largest privately held companies with 8,000 employees and estimated annual revenues of .2 billion.By the early 1990’s, Cumberland Farms ranked third among the country’s convenience store chains, and was also a leader in both the retail and wholesale distribution of petroleum products.