Fred DeLuca Net Worth

How much is Fred DeLuca Worth?

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Fred DeLuca Net Worth
Net Worth:
$2.5 Billion
Date of Birth
1948
Place of Birth
Brooklyn
Profession
Entrepreneur, Businessperson

Fred DeLuca net worth: Fred DeLuca is an American businessman who has a net worth of $2.5 billion. Not merely famous for his net worth, he is best known as the founder of Subway, one of the most successful fast food franchises on the entire planet. Subway began in 1965, when DeLuca was only 17 years old. He managed to scrounge up a thousand dollars to start a sandwich stand, with the goal being to provide a healthy alternative to traditional fast food like cheeseburgers or pizza. 22 years later, in 1987, the now thriving Subway franchise reached the milestone of 1000 locations. As a point of comparison, consider that by that time fast food giant McDonald's only had 800 locations. Now, Subway is one of the most popular fast food restaurants in the world thanks to memorable advertising campaigns such as "the Subway diet" espoused by Jared Fogel and "five-dollar footlongs," a campaign and catch jingle to match touting the chain's foot long sandwiches for only five dollars. In a count from October of 2011, there are 35,400 Subways in 98 countries, producing a grand total of more than $9 billion in sales every single year. Clearly, Fred DeLuca is one of the great American success stories.

What is Fred DeLuca's net worth?

Fred DeLuca Net Worth

Articles Written by Brian Warner
Prior to launching Celebrity Net Worth, Brian spent seven years as the Managing Editor of one of the largest entertainment portals on the internet. Before that, Brian attended Georgetown University where he double majored in finance and marketing. A native of Northern California, Brian currently resides in Los Angeles. Follow him on Google+.
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Fred DeLuca

Fred DeLuca

Frederick "Fred" DeLuca is an American businessman, best known as the co-founder of the Subway franchise of sandwich restaurants. DeLuca is an alumnus of the University of Bridgeport and Central High School in Bridgeport, Connecticut.
Profession
Date of Birth
  • 1948
Ethnicity
  • White American
Nationality
  • United States of America
Country
  • United States of America
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