Billionaire says kids today are 'too busy on TikTok' to work hard enough to have good careers

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By James Kay

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A billionaire has lashed out at the youth of today who he says don't work hard enough as they are "too busy on TikTok".

Becoming a billionaire is hard - I should know, because I've tried, and for some reason, it hasn't quite happened yet.

John Catsimatidis, 74, credits himself as a self-made billionaire as he made his fortune running a chain of grocery stores in New York, as well as owning oil refineries and his own radio show.

After being made the partial owner of a grocery store he worked at while attending New York University, he has built himself to a fortune of $3.3 billion, as estimated by Forbes.

The businessman recently sat down with the Daily Mail where he unleashed a bizarre rant about the kids of today and how TikTok is stopping them from making money.

"That's one of the problems we are having in our country these days, the kids are busy playing TikTok," he told the outlet.

Catsimatidis continued: "The harder you work, the easier it gets to win, look at people only working three days a week, and I'll show you failures."

Despite these claims sounding a little bizarre, there may be some stock in what the 74-year-old is saying as he knows what it is to build everything from nothing.

"When I finished high school, I was ready to sleep on the couch for the whole summer and watch television," he said. "My mother threw me off the couch, and I guess I'm a kid of extremes because I quickly ended up working 70 hours a week."

The billionaire dropped out of university just eight credits shy of graduation to focus on being a part owner of the grocery store he worked at.

"The supermarket business taught me that if you're going to be a leader, when you say charge, everyone has to follow you," he continued. "If you don't have leadership qualifications, you know where you get? Nowhere."

Catsimatidis had some sage advice for anyone looking to expand their business. "Hire people that know more than you do," he explained. "I had zero financial background, but I hired well. I built a great relationship with people in the food business and real estate business, and I ended up with a lot of mentors."

The 74-year-old owns Gristedes, which is one of the largest grocery store chains in New York, as well holding ownership of oil refineries.

The billionaire went on to explain that getting a good education is key and that he provided the best schooling he possibly could for his children not only for the academic value, but so they could meet people from all across the world.

Catsimatidis also explained that if you want to make millions, you need to find gaps in the market that aren't already being exploited.

Stating that he got involved in real estate at a time when nobody else was, he said: "I bought some properties for nickels and dimes. One property, I bought for $400,000, and I sold it for $40 million, but those are the opportunities I took advantage of."

So there we have it - if you want to be a billionaire it's less TikTok and more hard work.

Featured image credit: Pixabay / Pexels

Billionaire says kids today are 'too busy on TikTok' to work hard enough to have good careers

vt-author-image

By James Kay

Article saved!Article saved!

A billionaire has lashed out at the youth of today who he says don't work hard enough as they are "too busy on TikTok".

Becoming a billionaire is hard - I should know, because I've tried, and for some reason, it hasn't quite happened yet.

John Catsimatidis, 74, credits himself as a self-made billionaire as he made his fortune running a chain of grocery stores in New York, as well as owning oil refineries and his own radio show.

After being made the partial owner of a grocery store he worked at while attending New York University, he has built himself to a fortune of $3.3 billion, as estimated by Forbes.

The businessman recently sat down with the Daily Mail where he unleashed a bizarre rant about the kids of today and how TikTok is stopping them from making money.

"That's one of the problems we are having in our country these days, the kids are busy playing TikTok," he told the outlet.

Catsimatidis continued: "The harder you work, the easier it gets to win, look at people only working three days a week, and I'll show you failures."

Despite these claims sounding a little bizarre, there may be some stock in what the 74-year-old is saying as he knows what it is to build everything from nothing.

"When I finished high school, I was ready to sleep on the couch for the whole summer and watch television," he said. "My mother threw me off the couch, and I guess I'm a kid of extremes because I quickly ended up working 70 hours a week."

The billionaire dropped out of university just eight credits shy of graduation to focus on being a part owner of the grocery store he worked at.

"The supermarket business taught me that if you're going to be a leader, when you say charge, everyone has to follow you," he continued. "If you don't have leadership qualifications, you know where you get? Nowhere."

Catsimatidis had some sage advice for anyone looking to expand their business. "Hire people that know more than you do," he explained. "I had zero financial background, but I hired well. I built a great relationship with people in the food business and real estate business, and I ended up with a lot of mentors."

The 74-year-old owns Gristedes, which is one of the largest grocery store chains in New York, as well holding ownership of oil refineries.

The billionaire went on to explain that getting a good education is key and that he provided the best schooling he possibly could for his children not only for the academic value, but so they could meet people from all across the world.

Catsimatidis also explained that if you want to make millions, you need to find gaps in the market that aren't already being exploited.

Stating that he got involved in real estate at a time when nobody else was, he said: "I bought some properties for nickels and dimes. One property, I bought for $400,000, and I sold it for $40 million, but those are the opportunities I took advantage of."

So there we have it - if you want to be a billionaire it's less TikTok and more hard work.

Featured image credit: Pixabay / Pexels