|Born||Frederick A. DeLuca
1948 (age 66–67)
Brooklyn, New York City, U.S.
|Residence||Fort Lauderdale, Florida|
|Alma mater||University of Bridgeport (B.S., Psychology)
University of Bridgeport (L.H.D., 2002) honorary
|Years active||1965 – present|
|Net worth||US$2.5 billion (2012)|
|Title||Founder/President of Subway (1965–present)|
Frederick "Fred" DeLuca (born 1948) is an American businessman, best known as the co-founder of the Subway franchise of sandwich restaurants. DeLuca is an alumnus of the University of Bridgeport and Central High School in Bridgeport, Connecticut.
In 1965, DeLuca borrowed $1,000 from friend Peter Buck. This was after Buck suggested the idea to help Fred make money for college to study medicine. Deluca's plan was to begin a “fast-food venture that provided a healthier, less fattening bill of fare". On the radio advertisement they had promoted the name as "Pete's Submarines", which sounded like Pizza Marines, so they changed the name to "Pete's Subway". Eventually in 1968, it was shortened to "Subway" as it is known today.
The first shop opened on August 28, 1965 at a mediocre location in the city of Bridgeport, Connecticut. The first year of business was a learning experience and a challenge. A year later they opened their second location, having realized that visibility and marketing were key factors to success. DeLuca believed that the biggest mistake he made was where he set up his very first shop as it was a "crummy location." The third outlet was in a highly visible location  and that location is still there today.
In 1978, Subway’s 100th store opened, and reached the 1,000 store mark in 1987. Explosive growth continued with Subway opening over 1,100 units in 1993 alone. By comparison, McDonald's opened just under 800 that same year.
As of June 2013, the company counts over 39,500 franchised locations worldwide  and produces US $9.05 billion sales every year. In 2007, Forbes magazine named DeLuca number 242 of the 400 richest Americans with a net worth of $1.5 billion. Today, Subway is one of the most popular chain restaurants. 
At the age of 10 Fred moved to Amsterdam, New York, where he and his family became friends with Peter Buck. Once in his teens, he moved with his family to Bridgeport, Connecticut. After succeeding in his business, DeLuca realized his dream to go to college and graduated from the University of Bridgeport.
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