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# Peter Buck

Random fact: Subway pitchman Jared Fogle sentenced to 15 years for child porn in 2015.

Overview

Buck is a co-founder of the Subway sandwich shop chain, the second-largest restaurant chain in the U.S. The Milford, Connecticut-based company has almost $20 billion in annual sales and more than 44,000 restaurants in more than 100 countries. The company's other co-founder, Fred DeLuca, was Chief Executive Officer until his death in September 2015.

As of Jan. 21, 2018:
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Industry
Biggest asset N/A
Citizenship United States
Age 86
Wealth Self-Made/Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Peter Buck's net worth of can buy ...

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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Latest News

Net Worth Summary

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Biography

Birthdate: 12/19/1930
Family: Unmarried, No children

Buck began his career designing nuclear reactors for the Navy after he obtained a PhD in physics. After moving to Connecticut to work for General Electric in 1965, he was approached at a picnic by a family friend, then-17-year-old Fred DeLuca. DeLuca wanted to learn how he could earn money for college.

Buck thought of Amato's, the Italian sandwich shop he and his father had visited every Sunday evening during Buck's childhood, when he earned 20 cents an hour working on his father's farm, according to a 2009 interview in the Washington Post. The two drove to Maine, where they bought an Amato's sandwich and dissected it in the car. They then drove around to other sandwich store and did the same. Within two weeks, their first store was up and running and they continued to open store after store. It took 15 years to break even, Buck told the Post.

After DeLuca suggested franchising, the company took off, and boomed with Jared Fogley as their pitchman for healthy fast food.

Milestones
  • 1800 The year George Washington wrote a letter purchased, then donated, by Buck.
  • 1965 Buck gave his friend, Fred DeLuca a $1,000 loan to start a sandwich shop.
  • 2004 Gives Smithsonian a 23.1-carat Ruby in Late Wife's Honor.
  • 2015 Subway Co-Founder Fred DeLuca Dies