Age, Biography and Wiki

Fred DeLuca (Frederick James Matthew DeLuca) was born on 3 October, 1947 in New York City, U.S., is an American businessman (1947–2015). Discover Fred DeLuca's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 67 years old?

Popular As Frederick James Matthew DeLuca
Occupation N/A
Age 67 years old
Zodiac Sign Libra
Born 3 October, 1947
Birthday 3 October
Birthplace New York City, U.S.
Date of death 14 September, 2015
Died Place Lauderdale Lakes, Florida, U.S.
Nationality United States

We recommend you to check the complete list of Famous People born on 3 October. He is a member of famous businessman with the age 67 years old group.

Fred DeLuca Height, Weight & Measurements

At 67 years old, Fred DeLuca height not available right now. We will update Fred DeLuca's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Fred DeLuca's Wife?

His wife is Elisabeth (m. 1969)

Family
Parents Not Available
Wife Elisabeth (m. 1969)
Sibling Not Available
Children 2

Fred DeLuca Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Fred DeLuca worth at the age of 67 years old? Fred DeLuca’s income source is mostly from being a successful businessman. He is from United States. We have estimated Fred DeLuca's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income businessman

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Timeline

1947

Frederick Adrian Deluca (October 3, 1947 – September 14, 2015) was an American businessman, who was the co-founder and president of the Subway franchise of fast food restaurants with Peter Buck.

During his tenure, Subway grew into the largest franchise in the world.

Fred DeLuca was born in Brooklyn, New York, on October 3, 1947 to Italian American parents Carmela and Salvatore DeLuca.

At the age of 10, DeLuca moved to Amsterdam, New York, where he and his family became friends with Peter Buck.

1965

Once in his teens, he moved with his family to Bridgeport, Connecticut, where he graduated from Central High School in 1965.

DeLuca realized a dream of his to go to college and graduated from the University of Bridgeport.

While in high school, Fred began dating his schoolmate Elisabeth, who had immigrated to the United States at age seven along with her parents of East Prussian origin.

In 1965, 17-year-old DeLuca borrowed $1,000 from family friend Peter Buck.

This was after Buck suggested the idea to help DeLuca make money for college to study medicine.

DeLuca's plan was to begin a "fast-food venture that provided a healthful, less fattening bill of fare".

On the radio advertisement they had promoted the name as "Pete's Submarines," which sounded like "Pizza Marines", so they changed the name to "Pete's Subway."

With the help of his mother Carmela and Dr. Buck, the first shop opened on August 28, 1965, in Bridgeport, Connecticut.

The first year of business was a learning experience and a challenge.

A year later they opened their second location, having realized that visibility and marketing were key factors to success.

DeLuca believed that the biggest mistake he made was where he set up his very first shop as it was a "crummy location."

The third outlet was in a highly visible location and that location is still there today.

Fred DeLuca ran Subway as a family business, with his mother running the first shop, his sister working as a "sandwich artist" and even his wife Elisabeth worked in the corporate office.

Every Monday, Dr. Buck would visit the DeLuca household and visit Carmela and Fred to discuss the Subway business.

As time went on, they eventually turned to a franchising model which is when they saw their growth explode.

1968

Eventually in 1968, it was shortened to simply "Subway" as it is known today.

1969

The two went on to marry in 1969.

1978

In 1978, Subway's 100th store opened, and reached the 1,000 store mark in 1987.

1993

Explosive growth continued with Subway opening 1,100 units in 1993.

2000

After reading an article about an Indiana man who lost 245 lb eating Subway Sandwiches, Fred DeLuca met Jared Fogle, bought him a new Mitsubishi Galant, and made him Subway's featured spokesman by 2000.

After Fogle became Subway's spokesman, sales and store openings started to skyrocket.

2002

At the graduation commencement in 2002, DeLuca received an honorary Doctor of Humane Letters (L.H.D.) from his alma mater, the University of Bridgeport.

He also was awarded the Lifetime Achievement Award from the Connecticut Restaurant Association

2013

On July 15, 2013, DeLuca announced that he was being treated for leukemia.

2015

By 2015, a Subway franchisee whistleblower named Cindy Mills alerted several high-ranking Subway executives about Fogle having pedophilia and engaging in illicit sexual activity.

In a statement, Subway denied any knowledge of Fogle's pedophilia and that executives including DeLuca and others were previously unaware of Fogle engaging in underage prostitution both in the United States and in Thailand.

DeLuca and Buck also partnered to create Franchise Brands in an effort to assist other entrepreneurs in replicating their success in the franchise industry.

During DeLuca's tenure, Subway grew to be the largest franchise in the world.

DeLuca aggressively pursued store growth, requiring franchisees open stores nearby their existing ones, in some cases across the street from their existing locations, or else Subway would recruit a competitor that would put them out of business.

From 2015 to 2020, Subway had a net loss of thousands of US stores, although it remains the largest sandwich chain in the world.

DeLuca had homes in Milford, Connecticut, and Fort Lauderdale, Florida, and lived with his wife Elisabeth.

His son, Jonathan, lives in Boca Raton, Florida.

DeLuca adopted a child of Cindy Mattson, named Luca.

DeLuca died on September 14, 2015, at Lauderdale Lakes, Florida.