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How rich is the founder of Subway?

DeLuca was in charge of Subway for dozens of years, with sister Suzanne Greco becoming CEO in 2015, the year he passed away. Forbes estimated his net worth to be $2.5 billion that year.



Subway was co-founded by Fred DeLuca and Peter Buck in 1965. Since Fred DeLuca passed away in 2015 and Peter Buck in 2021, their wealth has been managed through their respective estates and philanthropic foundations. At the time of their deaths, both were billionaires; Peter Buck had an estimated net worth of approximately $1.7 billion, much of which he famously bequeathed to the Peter and Carmen Lucia Buck Foundation. In 2023, the Subway brand was sold to the private equity firm Roark Capital for roughly $9.6 billion. This massive acquisition significantly increased the liquidity of the founders' estates. DeLuca's widow and Buck's heirs remain among the wealthiest families in Connecticut. While they are no longer actively running the sandwich empire, the legacy of their initial $1,000 investment continues to generate immense value. The DeLuca family, in particular, has remained private about their current total assets, but the multibillion-dollar sale of the company ensured that the "Subway fortune" remains one of the largest success stories in the history of the fast-food industry.

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The Subway® story began in 1965 when 17-year-old Fred DeLuca asked his family friend, Dr. Peter Buck, a nuclear physicist, for advice on how to pay his college tuition. With an idea to open a submarine sandwich shop and an initial $1,000 investment from Dr.

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Press Releases. Transaction combines Subway's global presence and brand strength with Roark's deep expertise in restaurant and franchise businesses. MIAMI, Aug. 24, 2023 /PRNewswire/ -- Subway today announced that it has entered into a definitive agreement to be acquired by affiliates of Roark Capital.

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