Peter Cancro Biography And Net Worth
Peter is a businessman and CEO of the famous American Submarine Sandwich Chain known as “Jersey Mike’s sub.” Peter Cancro has owned the company since he was only seventeen years old. Peter Cancro’s sandwich chain is spread in more than 2000 locations in the United States.
|Net worth||$2.8 billion (est)|
|Full Name||Peter Cancro|
Early and Personal Life
He was born on 15 May 1957 in United States. He has one brother named “John Cancro.” He got married to Linda Cancro in 1975 after buying his first company and has two children. His son’s name is Robert Cancro and his daughter’s name is Caroline Jone. Peter and his wife worked together in the company and launched new outlets of the company. They got separated after their second child was born.
He got his early education from the Point Pleasant high school. During his school time, he started a job in the company named “Jersey Mike’s Sub” when he was only fourteen years old. After few years, he heard that owners of Jersey Mike’s were selling the company, so his mother asked him to buy the Jersey Mike’s sub. He made few changes for the improvement of company. Mike’s sub was popular for its famous subs and burgers. “Mike’s way” is one of the special sub at Jersey Mike’s sub as the sub includes shredded lettuce, sliced onions, salt and other spices, tomatoes, oregano, and it also contains “The Juice” which is a mixture of olive oil and red vinegar wine.
He was a highly intelligent, confident, and ambitious young man. He started working at the age of fourteen and he became the CEO of the company at the age of seventeen after buying the Mike’s sub company from Mike. It was the good start of his career. After working hard for the company, he decided to open more outlets.
In 1987, he opened some outlets, expansion of outlets was slow. In 1991, he managed to open thirty outlets at different locations. In 2014, there were 750 outlets at various places and in 2015, there were more than thousand outlets. Today there are almost two thousand locations of his company and He is still the CEO of the company. Every year in March, he celebrates the “giving day” and donate the 100% of sales to different charity groups. It is estimated that around $7 million are being donated each year.
Peter Cancro awards and achievements
- In 2013, he got the award of Entrepreneur of the year
- In 2019, he got the award of silver plate in the Chain limited Category
- He also got nominated for the PepsiCo Foodservice.
He is one of the famous American entrepreneur and businessperson who has a net worth of around $2.8 billion dollar. He is one of the billionaires of the World.
Peter Cancro Features