Peter Cancro

Peter Cancro

Peter Cancro (#868)

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

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.
About Images

Achievements

Career Highlights

A snapshot of the defining milestones, leadership decisions, and breakthroughs that shaped Peter Cancro’s rise and global influence.

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

Wealth Growth

Net Worth Growth Over Time

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

Current Net Worth: $4.9B (May 4, 2026)

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