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Fortune
Fortune
Sydney Lake

Jersey Mike’s CEO is now worth almost as much as Mark Cuban after agreeing to sell his sandwich chain to Blackstone in a deal worth $8 billion

(Credit: Alexander Tamargo/Getty Images for Best Buddies International)

Jersey Mike’s CEO Peter Cancro has entered the club supreme—the billionaire’s club, that is.

The sub sandwich chain and buyout firm Blackstone are nearing a deal valuing Jersey Mike’s at about $8 billion, Reuters reported, launching Cancro into the list of the richest people in the world. 

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