Peter Cancro Net Worth 2024
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Peter Cancro net worth and salary: Peter Cancro is an American entrepreneur and businessman who has a net worth of $300 million. Peter Cancro is best known for being a co-founder of Jersey Mike's Subs which is an American submarine sandwich chain with nearly 1,300 locations in the United States. Cancro is from Point Pleasant Beach, New Jersey and worked at Mike's Submarines at 14 years old. The shop was put up for sale and Peter's mother suggested that he buy it. He got help from Mike Geissler to purchase the first shop in the chain. Peter Cancro serves as the CEO of the company and began franchising in 1987. Peter Cancro started with a $125 thousand investment. Today his company does $2 billion in annual revenue. He prides himself on giving back and each March Jersey Mike's hosts their "Day of Giving" and donates 100% of sales to local charities with about $5 to $7 million being donated each year.
