Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Chloe Taylor

Subway's late co-founder Peter Buck left half the company to a charity

(Credit: Joe Raedle—Getty Images)

The late co-founder of Subway left a multibillion-dollar donation to a charity run by his sons when he passed away in 2021: his half of the privately-owned sandwich chain.

Subway was started in 1965 when 17-year-old Fred DeLuca asked Dr. Peter Buck, a nuclear physicist who was a family friend, for advice on how to pay his college tuition fees. Buck invested $1,000 to help DeLuca open a sandwich shop in Bridgeport, Conn.—starting a business that now spans more than 100 countries.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.