Fred DeLuca Net Worth - Pulptastic
Fred DeLuca: Founder of Subway
Fred DeLuca is an American businessman with a net worth of $2.8 billion. He is best known as the founder of Subway, one of the most successful fast food franchises worldwide. DeLuca started Subway in 1965 at only 17 years old with a $1,000 investment. His goal was to provide a healthier fast food option with sandwiches instead of cheeseburgers or pizza.
After 22 years, Subway reached 1,000 locations in 1987. At that time, McDonald’s only had 800 locations. Subway is now one of the most popular fast food restaurants globally, with 35,400 locations in 98 countries. Their sales exceed $9 billion every year.
Subway’s success is due to memorable advertising campaigns such as “the Subway diet” and “five-dollar footlongs.” Fred DeLuca is undoubtedly one of the great American success stories.
