Fred DeLuca Biography

Fred DeLuca collected $1,000 from a family friend, Peter Buck, in 1965 to open a submarine sandwich business in Bridgeport, Connecticut. DeLuca's aim was to use the money to pay for his college tuition. The subway became the world's largest restaurant chain, with over 40,000 outlets globally (it surpassed McDonald's in spring 2011) and $18.1 billion in revenue in 2012. Subway does not own a single restaurant, yet each franchisee pays the company 8% of its revenue. DeLuca is still in charge of the company's daily operations. Despite his riches, DeLuca drives a Lexus convertible that is 11 years old. What are his go-to Subway sandwiches? Turkey and Vegetable Delight

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