Is Gen-Z Poor Because They’re Lazy? This Billionaire Oligarch Sure Thinks So!

A billionaire industry mogul, John Catsimatidis, spilled the beans on how he built his empire from scratch, all while calling out Gen Z for their TikTok fixation.

The Empire Builder

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At the age of 74, John Catsimatidis is renowned for his vast empire, including real estate holdings and supermarkets throughout Manhattan. His empire spans from oil refineries to hosting his own radio show.

From Humble Beginnings to Billionaire

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Despite his current status, Catsimatidis didn’t start at the top. He began with a humble job at a supermarket, where he learned the value of hard work and honest earnings.

Work Hard, Don’t Fear Failure

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Catsimatidis emphasized the importance of relentless effort, saying, “If you’re working 100 hours a week, and it’s not working, you’d better work 120. You can’t win if you’re afraid of losing.”

The Early Years

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Born on the Greek island of Nisyros in 1948, Catsimatidis moved to New York at the age of six months.

The Motherly Push

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After graduating from Brooklyn Tech High School, his mother, Despina, pushed him to get a job at a local grocery store.

Hard Work Trumps Lounging

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Catsimatidis admitted that he initially planned to laze on the couch all summer after high school, but his mother had different plans. He ended up working 70 hours a week.

Perfection Pays Off

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His commitment to perfection in the supermarket, ensuring everything was set up perfectly for the next day, laid the foundation for his future success.

The Supermarket Empire Begins

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This venture marked the start of his supermarket empire, which now includes iconic New York names like Gristedes and Red Apple Markets.

Remarkably, he was making a million dollars a year at the age of 24.

The Best Advice Is Hire Smarter

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When asked about his best advice for aspiring businesspeople, Catsimatidis stressed the importance of hiring people who know more than you do.

Education Matters

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He also noted the significance of a good education and maintaining a clean reputation, but he believed that the younger generation often overlooks this crucial ingredient.

The TikTok Trap

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Catsimatidis laments that many youngsters today are more interested in playing TikTok than putting in hard work.

These People Are Destined to Fail

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He firmly believes that the harder you work, the easier it becomes to succeed, suggesting that those working only three days a week are destined for failure.

The Real Estate Gamble

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In 1976, he invested $5 million of his supermarket’s earnings into real estate when it was considered risky. This gamble paid off handsomely.

Diversification is Key

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Catsimatidis expanded his business portfolio aggressively in the 1980s from grocery stores to an aviation company, “You’re not going to make it in life unless you spread it around a little bit,” He said, “That’s my advice for people going to university, no matter what you’re taking up you should have a little bit of everything.”

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Criticism floods in as President Joe Biden’s recent interaction with a young girl at Helsinki Airport raises eyebrows and leaves many questioning his behavior and ability to lead. President Biden Sniffs Child in an Incident That’s Been Branded “Quite Strange”

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Foreign Migrants Are OVERFLOWING in NYC – Who’s to Blame?

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Florida Is Banning Transgender People From Schools: Trans Teachers and Students Are Now Back in the Closet, by Law

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The post Is Gen-Z Poor Because They’re Lazy? This Billionaire Oligarch Sure Thinks So! first appeared on Pulse of Pride.

Featured Image Credit: Shutterstock / Cookie Studio. The people shown in the images are for illustrative purposes only, not the actual people featured in the story.

Source: DailyMail

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