Peter Cancro

Peter Cancro

Peter Cancro (#862)

Global Rank #862
Country Rank #318
Country United States

I've worked my whole life to be right where we are right now, and things have just started to grow, believe it or not.

  • $ 5 B
  • Jersey Mike's Subs
  • United States
  • M
  • 69 Years

Snapshot

Quick Facts

Global Rank #862
Country Rank #318
Net Worth $4.9B
Previous Worth $4.9B
Worth Change +$0.0B
Country United States
Industry Jersey Mike's Subs
Age 69 Years
Gender M
Worth As Of May 4, 2026
Residence Miami, Florida
Citizenship United States
World Billionaires List United States Billionaires Jersey Mike's Subs

Profile Data

Personal Stats

Age 69
Source Of Wealth Jersey Mike's Subs, Self Made
Self Made Score 9
Philanthropy Score 1
Residence Miami, Florida
Citizenship United States
Marital Status Married
Children 4
Net Worth Change +$0.0B +0.0% from previous worth
Previous Net Worth $4.9B
Current Net Worth $4.9B

Worth as of May 4, 2026

About Me

Peter Cancro is the owner and chairman of popular sandwich chain Jersey Mike's. The Manasquan, New Jersey-based business recorded $3.3 billion in systemwide sales from more than 2,800 stores in 2023. It all started in 1972 when Cancro, then 14, got a job at Mike's Subs in his hometown of Point Pleasant, New Jersey. Three years later, the store came up for sale and Cancro borrowed $125,000 from his football coach to buy it. In 1981, Cancro changed the name to Jersey Mike's and began franchising across the U.S. Cancro agreed to sell a majority stake in Jersey Mike's to Blackstone at a reported $8 billion valuation, including debt, in November 2024.

Achievements

Forbes List Highlights

A snapshot of the list placements and rankings connected to Peter Cancro.

#869
Billionaires (2026)
#308
Forbes 400 (2025)

Insights

Did You Know?

Only 1% of people who apply to own a Jersey Mike's franchise get one, according to the company, making it more competitive than getting into Harvard

Cancro has no desk at Jersey Mike's HQ and instead spends about 80% of the year traveling to see franchisees.

Wealth Growth

Net Worth Growth Over Time

Tracking Peter Cancro's net worth journey over the years, highlighting key growth phases and financial milestones.

Worth Trend Net Worth Growth
Period Change Worth Movement
Current Net Worth: $4.9B (May 4, 2026)

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