Ray Catena is the founder and president of the Ray Catena Auto Group. He is reported to have a net worth of $400 million. Catena is the owner of the superyacht SYCARA V, a $70 million vessel.
|Net Worth:||$400 MILLION|
|Source of Wealth:||RAY CATENA AUTO GROUP|
Ray Catena Net Worth
Ray Catena is the owner of the super yacht SYCARA V, the 68m luxury vessel from Nobiskrug. He is an experienced yacht owner and had a lot of influence over the yacht’s design, which was delivered in 2010.
He was the previous owner of two Oceanfast yachts named MERCEDES and MERCEDES II. John Bannenberg designed the yachts. Catena sold his 46m yacht SYCARA IV in 2017, and she is now named NADAN.
Ray Catena moved into the car industry from humble beginnings. In 1961, he opened a used car lot in Kearny, NJ, and has since been focused on providing customers with the best customer service. Catena’s philosophy is, “If you think something is more important than the customer, think again.”
The Ray Catena Auto Group consists of 15 car dealerships and service centers. The group is one of America’s largest privately-owned auto groups and sells a number of luxury car brands.
Mercedes-Benz, Lexus, BMW, Porsche, Land Rover, Jaguar, Infiniti, Mini, Audi, Maserati, and Alfa Romeo are among the luxury car brands the group sells. The company is family-owned and operated and has annual revenue in the billions of dollars.
Ray Catena was born in June 1936. He is married to Elsie Catena, and they have two daughters, Doreen and Sandy.
The couple is active philanthropists and supports several organizations. Their contributions aid local schools and recreation programs throughout New Jersey and New York.
They have also made considerable contributions to the Susan G Komen Breast Cancer Foundation.
Other organizations inlace The Boomer Esiason Cystic Fibrosis Foundation, The Community Food Banks of Middlesex, Monmouth, and Union Counties, several hospitals, and other organizations like local school and recreation programs throughout New Jersey and New York.