How did a 17-year-old sandwich store owner own one of America’s richest food magnates? Peter Cancro is a sacred In 2025 it is the ruthless growth of the business for decades.
From one sub -shop launcher Michael’s leading Mike, his story is as impressive as the numbers behind him.
Peter Cancro’s Quick Facts
| Fact | Detail |
|---|---|
| The real name | Peter Cancro |
| A popular name | Peter Cancro |
| Date of birth | May 15 of 1957 |
| Age | 67 (as of March 225, 2025) |
| Birthplace | Point Pleasant Beach, New Jersey |
| Nationality | American |
| Ethnicity | N/a |
| Education | POINT PLASANT HIGH SCHOOL (graduated in 1975) |
| Marital status | Married |
| Wife | Tatiana Kankro (married in 2014) |
| Children | 4 |
| Introduction | N/a |
| Brothers | John Kankro |
| Parents | N/a |
| Height (meter) | N/a |
| The sacred is worth | 4.9 billion dollars |
| Source of wealth | Jersey mike’s subs |
What is the net value of Peter Canco in 2025?
Peter Cancro is a sacred Is evaluated 4.9 billion dollars As of March 2025, it will become one of the most successful food industry entrepreneurship in the world.
Assessment of Jersey Mike’s $ 8 billion dollars after selling Blackstone’s 2025 share share, which will further increase its financial position.
Compared to other fast -food magnets, Kancro is comfortable sitting among the elite company. Although the founder in the subway sold their business for $ 9.6 billion, Canco continued to control the majority of his company even after the transaction, which is rare. Its financial impact is still growing, which is fed by a 2,800+ franchise area and over $ 3.3 billion in total annual income.
Related names in this space include:
- Rod Smith
- Tatiana Kankro
- Robert Cancro
- Caroline cancro
- Linda (first wife)
- John Kankro
- Metro founder
- Forbes editors
- Blackstone’s executives
- Jersey Mike’s Franchisees
For more stories about today’s powerful public figures, look at our textbook on how much money the upper entrepreneurs make.
Peter Cancro wealth, salary and financial review
How did he build his wealth through Michael
Peter Cancro’s financial trip began in 1975 when he was only 17 years old. He applied $ 125,000 from high school football coach Rod Smith to buy Mike’s submarines. This store has become the basis for Jersey Mike’s, which is now a national brand.
After that, he was already showing the savvy sign of the business, making a small local sandwich place a lush operation. In 1987 he made a smart step to start the franchise. By 1991 there were 30 shops. By 2015, this number reached more than 1,000, and today there are more than 2,800 locations in the US, Canada and Mexico.
Cancro has maintained the property of the majority to expand the company, which is unusual for the founder. He turned the humble sandwich shop into an annual income of $ 3.3 billion, mainly for the constant development of the brand and the franchise.
How does his role act as Executive Director on his income
As a CEO, Kankro’s leadership directly affects the success of Jersey Mike. It supervises everything from franchise to marketing strategies and long -term growth. His decisions – for example, new ingredients and emphasizing customer service – have strengthened the brand’s reputation.
Unlike many executive directors who submit to the councils or shareholders, it maintains operational freedom because of its majority ownership. This unique position means that it benefits not only the salary (publicly declared) but also with significant profits that are directly related to the company’s activities.
This mix of ownership and leadership allows Cancro to control both a strategic vision and a financial award. Its position is more like a founder-operator than a corporate executive.
How much does it get from the franchise business
Most of the canco wealth does not come from the salary, but from the consistent performance of Michael Jersey. Business is acting as a franchise model, with each store payment fee and royalty.
Each year, 2,800 stores, which generate $ 3.3 billion annually, even a small percentage is translated into mass revenue. These numbers are not publicly dissolved, but industry standards suggest that franchise owners often make significant profits per place.
Cancro, as a majority owner, earns the income from the franchise fee, the delivery network threshold, brand licensing and more. His wealth is diversified in the company itself.
How its financial situation has changed after the Blackstone transaction
In November 2025, Peter Kankro sold the majority of the share of Jersey Mike at the private capital firm Blackstone, worth $ 8 billion, including debt.
Despite the sale of control, he retained a significant share and continued as CEO. This transaction allegedly increased its liquid assets and positioned even more wealth in the future.
This step was followed by an industry -like trend, such as the sale of $ 9.6 billion. However, unlike the founders of the metro, Cancro is still actively producing its brand. This double role, both the owner and the cameraman, reinforces its long-term financial profile.
Where he invests and manages his money
Although the fate of Kankro is largely related to Jersey Mike, he has invested several strategic investments. One of the most important was the purchase of $ 15,681 million in the New York City Condom in 2014. Monthly HOA’s taxes exceed $ 14,000, this is a bonus.
He now lives in Miami, Florida, a popular city among the high pure values. Kankro is also loyal to charity. Her “Giving Day” gives the campaign 100% of charity sales every March, increasing to $ 5 million annually.
In addition, he founded the “coach Rod Smith Property Program”, which offers young entrepreneurs a chance to enter the food business – just as he did in 1975.
How does her financial trip like similar entrepreneurs
Compared to Cancro’s peers in a fast service restaurant space, it is distinguished by most of the property. Until the subway has changed hands and leadership, Kankro continues the Jersey Mike leadership.
Its incorporation in Forbes 400 (#237 in 2025) and in March 2025, the top 700 of the richest people in globally, reflects its consistency and savvy.
He won 9 with 10 improvised points by Forbes. Several founders have long maintained leadership as well as financial control. It is a rare blend of devotion to the brand and a long -term financial foresight.
Conclusion
Peter Canco’s story is more than just sandwiches – this applies to vision devotion and massive financial success. You like, comment, or share your thoughts and study more stories Abnormal.