By the time he was 24, John Catsimatidis told The Post he was raking in a million dollars a year.
After graduating from high school, John Catsimatidis wanted to spend the summer of 1966 much like any teenage boy would — watching TV and lounging around on his parents’ couch in upper Manhattan.Catsimatidis’ mom, Despina, couldn’t stand idly by and watch her son — a standout student at Brooklyn Tech HS, where the average IQ was around 140 — be a couch potato.
His mother’s insistence that he get a job that summer was integral to Catsimatidis becoming a self made, billionaire business mogul, he writes in his new memoirA loving push from John Catsimatidis’ mother moved him in the direction of becoming a self made billionaire.Beatlemania, mobster shootings and more incredible moments from WABC radio’s 100-year history
After that summer, Catsimatidis started New York University enrolled in the Reserve Officers’ Training Corps and with engineering as his major, but remained uncertain about what he really wanted to do in life. With six credits left before graduating, he did the unthinkable and dropped out of the prestigious school to team up with “Cousin Tony,” the neighborhood man who had once hired him to work in a grocery store.
In 1969, just nine months into their business venture, Catsimatidis and Nick were pulling weekly profits of $1,000 — electrical engineers were then making just $129 weekly — and things were looking up. Then, “a neighborhood tough guy” tried shaking down a store employee. Nick told him to buzz off, but the ruffian returned.So, Catsimatidis brought a handgun to work and pulled it out when the hustler returned.
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