Peter Buck

Peter Buck, the billionaire cofounder of Subway, one of the largest restaurant chains in the world, has died at 90 years old. Buck died on November 18 2021, according to a statement from the company.Buck left his 50% stake in the chain to the Peter and Carmen Lucia Buck Foundation, according to an announcement by the charity in February 2023. Buck, a nuclear physicist turned entrepreneur, founded the organization in 1999. Buck’s wife, Carmen Lucia Passagem, died in 2003. Fronted family friend Fred DeLuca $1,000 to open Pete's Super Submarines 1965. Shop tanked; DeLuca opened a second outlet to give illusion of success. Sold first franchise 1974. Today there are 29,835 Subways across the globe; company is the fourth-largest fast food concern in the world, with sales exceeding $11 billion in 2007. Became famous through infamous commercials boasting that Jared lost 245 pounds eating only Subway sandwiches. Subway now offered in 87 countries.