Peter Cancro

$4.84B

$10.6M (-0.2%)

as of 09/03/26

About Peter Cancro

Peter Cancro is the chairman of popular sandwich chain Jersey Mike's.

The Tinton Falls, New Jersey-based business recorded $4.2 billion in systemwide sales from more than 3,200 stores in 2025.

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 sold a majority stake in Jersey Mike's to Blackstone in early 2025. The chain went pubic in July 2026; Cancro still owns around 10%.

Personal stats

Citizenship

United States of America

Source of wealth

Jersey Mike's Subs

Residence

Miami, Florida

Marital status

Married

Birth date

05/01/57 (age 69)

Number of children

Self-made

self-made

Peter Cancro’s fortune is worth

81K

troy ounces of gold

74K

median U.S. household

48K

median U.S. income

0.097%

U.S. credit card volume

0.019%

GDP of the United States

0.014%

United States debt

Net worth history

Annual ranking

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