Jersey Mike's CEO, Peter Cancro, is set to join the billionaire club as Blackstone nears an $8 billion deal for majority ownership of the sandwich chain.
Cancro's journey began at age 14 in a Point Pleasant, N.J. shop. He recalls, 'I would sprinkle the subs...wrap them, and work the cash register.'
After 50 years with the company, Cancro's vision transformed Jersey Mike's into the second-largest sub chain in the U.S., with over 3,000 locations.
With a net worth of $7.54 billion, Cancro's wealth positions him close to notable billionaires like Mark Cuban and Bill Ackman.
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