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    Jersey Mike's founder Peter Cancro has built an impressive property portfolio. In 2014, he and his wife purchased a four-unit condominium in Manhattan's Lenox Hill neighborhood for $15.68 million. The Central Park-facing residence features a private elevator, wood-burning fireplace, and sprawling primary suite within its Beaux-Arts Revival architecture.

    Cancro has also established a presence in Florida's luxury real estate market, with multiple units in the prestigious Bal Harbour building. These beachfront properties offer access to St. Regis Hotel amenities, including 24-hour room service and private pool facilities.

    At age 14, Cancro began working at Mike's Subs in Point Pleasant, New Jersey. He purchased the store three years later with a $125,000 loan from his football coach and grew it into a franchise empire of approximately 3,000 locations, generating over $3 billion in annual revenue.

    The Blackstone deal includes provisions for further expansion to 4,000 stores, with an earnout agreement tied to this growth target. Cancro's real estate investments mirror the explosive growth of his sandwich business, and he now ranks ahead of Netflix's Reed Hastings on the Bloomberg Billionaire Index, approaching Mark Cuban's $7.9 billion net worth.