Fred DeLuca

About Fred DeLuca

Who is it?: President and Co-Founder, Doctor's Associates (Subway)President and Co-Founder, Doctor's Associates (Subway)
Birth Day: October 03, 1947
Birth Place: United States
Died On: September 14, 2015(2015-09-14) (aged 67)\nLauderdale Lakes, Florida, U.S.
Birth Sign: Scorpio
Cause of death: Leukemia
Alma mater: University of Bridgeport
Occupation: Businessman
Years active: 1965–2015
Title: Founder/President of Subway (1965–2015)
Spouse(s): Elisabeth (1966–2015; his death)
Children: 1
Parent(s): Carmela and Salvatore
Relatives: Suzanne Greco (sister)

Fred DeLuca Net Worth

Fred DeLuca was bornon October 03, 1947 in United States, is President and Co-Founder, Doctor's Associates (Subway)President and Co-Founder, Doctor's Associates (Subway). Fred DeLuca co-founded Subway in 1965 with $1,000 from family friend Peter Buck, who still owns half the firm. Grateful for Buck's support, he named his restaurant Pete's Super Submarine and the proceeds from those sandwiches helped him pay for college. The first store failed, but DeLuca gamely started another one, and within a decade, he had made it work, opening 32 stores with a switch to a franchise model. He was diagnosed with leukemia in 2013 and turned over the daily running of the company to his sister, Suzanne Greco.
Fred DeLuca is a member of Food and Beverage

💰 Net worth: $2.5 Billion

2010 $1.8 Billion
2011 $2.2 Billion
2012 $2.5 Billion
2013 $2.8 Billion
2014 $2.6 Billion
2015 $2.5 Billion
2018 $2.5 Billion

Some Fred DeLuca images

Biography/Timeline

1947

Fred DeLuca was born in Brooklyn, New York, on October 3, 1947 to Italian American parents Carmela and Salvatore DeLuca. At the age of 10, DeLuca moved to Amsterdam, New York, where he and his family became friends with Peter Buck. Once in his teens, he moved with his family to Bridgeport, Connecticut. After succeeding in his Business, DeLuca realized his dream to go to college and graduated from the University of Bridgeport.

1965

The first shop opened on August 28, 1965 at a mediocre location in the city of Bridgeport, Connecticut. The first year of Business was a learning experience and a challenge. A year later they opened their second location, having realized that visibility and marketing were key factors to success. DeLuca believed that the biggest mistake he made was where he set up his very first shop as it was a "crummy location." The third outlet was in a highly visible location and that location is still there today.

1978

In 1978, Subway's 100th store opened, and reached the 1,000 store mark in 1987. Explosive growth continued with Subway opening 1,100 units in 1993 alone. By comparison, McDonald's opened 800 that same year.

2002

At the graduation commencement in 2002, DeLuca received an honorary Doctor of Humane Letters (L.H.D.) from his alma mater, the University of Bridgeport.

2013

On July 15, 2013, DeLuca announced that he was being treated for leukemia. DeLuca died on September 14, 2015, at Lauderdale Lakes, Florida.