Discover the fascinating world of Ray Catena, the founder and president of the highly successful Ray Catena Auto Group. Born in June 1936, Catena has built a remarkable empire in the luxury automotive industry, amassing significant wealth in the process. Alongside his wife, Elsie, Ray Catena has become an active philanthropist, generously supporting various charitable organizations and local programs.
The Ray Catena Auto Group: An Empire Built on Luxury and Excellence
Ray Catena’s brainchild, the Ray Catena Auto Group, is a conglomerate of 19 distinguished car dealerships and service centers. As one of the largest privately-owned auto groups in the United States, the company proudly showcases an extensive range of luxury car brands, including Mercedes-Benz, Lexus, BMW, Porsche, Land Rover, Jaguar, Infiniti, Mini, Audi, Maserati, and Alfa Romeo.
The family-owned and operated group achieved unparalleled success in 2018, selling an impressive 19,858 new cars and 7,118 used cars, resulting in a staggering revenue of $1.5 billion.
Ray Catena’s Net Worth: A Reflection of His Accomplishments
With an estimated net worth of more than $400 million, Ray Catena is undeniably an influential figure in the automotive industry. While it is believed that he owns a private jet, the registration numbers remain unidentified.
Philanthropy: A Commitment to Giving Back
Ray and his wife Elsie Catena are dedicated philanthropists, passionately supporting numerous philanthropic organizations and local school and recreation programs throughout New Jersey and New York. They have donated to the Susan G Komen Breast Cancer Foundation.
Catena previously owned two Oceanfast yachts named Mercedes and Mercedes II. Both yachts were designed by John Bannenberg. Catena sold his 46-meter Burger yacht Sycara IV in 2017. She is now named Nadan.
Frequently Asked Questions (FAQ)
Who is Ray Catena?
Ray Catena is the founder and president of the Ray Catena Auto Group, a large car dealership. He was born in June 1936. He has a net worth of $400 million. Catena is the owner of the superyacht SYCARA V.
How many locations does the Ray Catena dealership have?
The company is a group of 19 car dealerships and service centers. The group is one of the largest privately-owned auto groups in the USA.
How did Ray Catena start his business?
When he was in his 30s, he bought a small Chevrolet dealership. He sold the company after a few years to finance his flagship Mercedes-Benz store in Edison, New Jersey.
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