Fred Deluca Net Worth is$2 Billion
VN:F [1.9.22_1171]
deserves the money?
Rating: 4.0/5 (9 votes cast)
VN:F [1.9.22_1171]
Would you date ?
Rating: 3.0/5 (6 votes cast)
Profession: Entrepreneur, Businessperson
Date of Birth: 1948
Ethnicity: White American
Country: United States of America
What is Fred DeLuca's net worth? Fred DeLuca is an American businessman with a net worth of $2 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.
Frederick "Fred" DeLuca (born 1948) 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, CT.
In 1965 when DeLuca was seventeen years old, he borrowed $1,000 from friend and restaurateur Peter Buck, to start his first sandwich shop, after Buck suggested the idea to DeLuca at Buck's Armonk, New York, home. Until that time, DeLuca worked at a low wage paying job at a hardware store, trying to raise money to pay for college, to study in the field of medicine. When he began his sandwich stand he chose a mediocre location for his shop. Deluca wanted a food place that was healthy. His plan was to begin a "fast-food venture that provided a healthier, less fattening bill of fare." On the radio advertisement they had promoted the name as "Pete's Submarines", which sounded like Pizza Marine, so they changed the name to "Pete's Subway", eventually it was shortened to "Subway", as it is known today.
The first shop opened on August 28 that year in the city of Bridgeport, Connecticut. The first year of business was a learning experience and of course a challenge. A year later Deluca and Buck opened their second location and it took that amount of time for the two men to realize that visibility and marketing were the two main key factors to the success of the business. DeLuca believed that the biggest mistake he made was where he set up his very first shop as it was a "crummy location.". Knowing that they needed a better spot with much visibility, the third outlet was in a highly visible location and that location is still there today.
In 1978, Subway's 100th store opened and in the 1000 store mark in 1987, whereas the McDonald's chain only had 800.
As of March 2012, the company counts over 36,400 franchised locations in 99 countries and produces US $9.05 billion sales every year. In 2007, Forbes magazine named DeLuca number 2

Fred Deluca Net Worth, 4.0 out of 5 based on 9 ratings

Fred Deluca Latest News

Subway Co-Founder, CEO Fred DeLuca Dies at 67

Fred DeLuca, who co-founded the Subway sandwich chain to finance his college studies before it grew to overtake McDonald’s Corp. in size, has died. He was 67. He died on Sept. 14, according to an e-mailed company statement. In 2013, the company said ...
Posted: September 15, 2015, 8:17 am

The American Billionaires Behind The Most Jobs

That is why billionaire Peter Buck, who in 1965 gave 17-year old Fred DeLuca a $1,000 loan to start a sandwich shop called SUBWAY, isn’t included in the list, despite SUBWAY having created at least 450,000 jobs through its worldwide restaurant franchises.
Posted: October 18, 2016, 11:52 am

The Fascinating Origins of the 15 Biggest Fast-Food Chains

In 2014, total revenues were $16.45 billion. Though today it’s the world’s largest restaurant operator, Subway began as a single, humble sandwich shop, opened in 1965 by 17-year-old Fred DeLuca and family friend Peter Buck in Bridgeport, Connecticut.
Posted: October 24, 2016, 8:23 pm
Related Topics:
Billionaires, Billionaires Income, Billionaires Net Worth, Businessmen, Businessmen Income, Businessmen Net Worth, Fred Deluca, Fred Deluca Age, Fred Deluca And Peter Buck, Fred Deluca Background, Fred Deluca Bio, Fred Deluca Biography, Fred Deluca Birthday, Fred Deluca Book, Fred Deluca Cancer, Fred Deluca Cnbc, Fred Deluca Contact, Fred Deluca Country, Fred Deluca Date Of Birth, Fred Deluca Education, Fred Deluca Email, Fred Deluca Email Address, Fred Deluca Ethnicity, Fred Deluca Extended Response, Fred Deluca Family, Fred Deluca Forbes, Fred Deluca Foundation, Fred Deluca Health, Fred Deluca Height, Fred Deluca History, Fred Deluca Home, Fred Deluca Home Town, Fred Deluca House, Fred Deluca Illness, Fred Deluca Images, Fred Deluca Income, Fred Deluca Information, Fred Deluca Interview, Fred Deluca Lawsuit, Fred Deluca Leukemia, Fred Deluca Lies, Fred Deluca Linkedin, Fred Deluca Minimum Wage, Fred Deluca Money, Fred Deluca Net Worth, Fred Deluca Net Worth 2011, Fred Deluca Net Worth 2012, Fred Deluca Net Worth 2013, Fred Deluca Net Worth 2014, Fred Deluca News, Fred Deluca Palm Beach, Fred Deluca Partner, Fred Deluca Place Of Birth, Fred Deluca Profession, Fred Deluca Quotes, Fred Deluca Salary, Fred Deluca Sick, Fred Deluca Sister, Fred Deluca Son, Fred Deluca Story, Fred Deluca Subway Biography, Fred Deluca Talent, Fred Deluca Twitter, Fred Deluca Usa Today, Fred Deluca Videos, Fred Deluca Weight, Fred Deluca Wife, Fred Deluca Worth, Fred Deluca Youtube, Fred Deluca's Son, How Much Fred Deluca Worth, How Much Is Fred Deluca Income, How Much Is Fred Deluca Net Worth, How Much Is Fred Deluca Salary, How Much Is Richest Billionaires Income, How Much Is Richest Billionaires Net Worth, How Much Is Richest Billionaires Salary, How Much Is Richest Businessmen Income, How Much Is Richest Businessmen Net Worth, How Much Is Richest Businessmen Salary, How Much Richest Billionaires Worth, How Much Richest Businessmen Worth, Richest Billionaires Age, Richest Billionaires Background, Richest Billionaires Bio, Richest Billionaires Country, Richest Billionaires Date Of Birth, Richest Billionaires Ethnicity, Richest Billionaires Height, Richest Billionaires History, Richest Billionaires Home Town, Richest Billionaires Images, Richest Billionaires Income, Richest Billionaires Net Worth, Richest Billionaires News, Richest Billionaires Partner, Richest Billionaires Place Of Birth, Richest Billionaires Profession, Richest Billionaires Salary, Richest Billionaires Story, Richest Billionaires Talent, Richest Billionaires Videos, Richest Billionaires Weight, Richest Businessmen Age, Richest Businessmen Background, Richest Businessmen Bio, Richest Businessmen Country, Richest Businessmen Date Of Birth, Richest Businessmen Ethnicity, Richest Businessmen Height, Richest Businessmen History, Richest Businessmen Home Town, Richest Businessmen Images, Richest Businessmen Income, Richest Businessmen Net Worth, Richest Businessmen News, Richest Businessmen Partner, Richest Businessmen Place Of Birth, Richest Businessmen Profession, Richest Businessmen Salary, Richest Businessmen Story, Richest Businessmen Talent, Richest Businessmen Videos, Richest Businessmen Weight, Who Is Fred Deluca, Who Is Richest Billionaires, Who Is Richest Businessmen,