Ray Catena Net Worth
Ray Catena Net Worth measures the total sum of money an individual has. This figure can be determined by multiplying an annual salary times the number of years worked, adding this resultant amount to assets such as property and investments and cash assets held. Having a high ray Catena Net Worth indicates considerable financial wealth.
Ray Catena is well known as both an accomplished businessperson and generous philanthropist. Together with his wife, they work tirelessly year-round to give back to their local communities by supporting charitable foundations as well as school and recreation programs throughout New Jersey and New York.
Ray Catena Auto Groups was established in 1936 by Catena himself and now boasts 19 distinguished car dealerships and service centers under its banner. They specialize in selling luxury automobiles such as Lexus, Mercedes and Maserati models and sell a wide variety of other luxury marques too. Thanks to his outstanding business acumen, Catena has achieved immense success within the car industry.
Not only has he built successful automotive businesses, he also boasts vast shipping expertise as CEO of New England Motor Freight Inc. This less-than-truckload carrier serves over 80% of America’s population while serving more than 300 communities nationwide. Furthermore, this astute businessperson owns an elegant waterfront home in Rumson, NJ.
Reports indicate he was part of the Luciano crime family crew during the late 1920s and served as underboss for Genovese mob during its 1950s reign, attending Apalachin meeting. Once Genovese was arrested in 1959, longtime captains (Catena, Anthony “Tony Bender” Strollo Michele “Big Mike Miranda and Thomas Eboli) ran their New Jersey operations until their arrests in 1972.
Alongside his automotive empire, he also holds numerous interests in the restaurant and casino industries. With eight properties across Atlantic City and Jersey Shore – such as Ocean Place Resort & Casino built in 1950s which offers dining, shopping and gaming options – including being frequented by celebrities, politicians and sports figures –