In 1965, Peter Buck and family friend Fred DeLuca opened “Pete’s Super Submarines” in Bridgeport, with the priciest sandwich selling for 69 cents.
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DANBURY, Conn. (AP) — Peter Buck, whose $1,000 investment in a family friend’s Connecticut sandwich shop in 1965 provided the genesis for what is now the world’s largest restaurant chain — Subway — has died. He was 90.

Subway released a statement saying that Buck, a nuclear scientist who was born in Portland Maine in 1930 died in Danbury on Nov. 18. His cause of death has not been disclosed.

Fred DeLuca was a 17-year-old family friend who asked Buck about how he could get some income to support college. Buck’s answer? Start a sandwich store.

In 1965, he and DeLuca opened “Pete’s Super Submarines” in Bridgeport, with the priciest sandwich selling for 69 cents.

The duo changed the name to “Subway” three years later and decided to turn it into a chain by franchising — a move that would eventually make both of them billionaires. Forbes estimated Buck’s net worth at $1.7 billion. DeLuca was killed in an automobile accident at the age of 67.

Subway says it now has more than 40,000 locations worldwide, topping McDonald’s and Starbucks.

“We didn’t make a profit for 15 years,” Buck told The Wall Street Journal in 2014.

Asked if he ever thought the chain would grow so big, he told the newspaper, “Well, I always thought we’d get bigger and bigger, but I really didn’t have a certain number in mind.”

Buck joined General Electric as a physicist in 1957. His laboratory was located in Schenectady. There he worked on the atomic power plants that powered U.S. Navy subs and ships. His family prepared an obituary.

His philanthropic pursuits included significant contributions to numerous organizations, including the Smithsonian Institution. In 2004, he also gave a 23 carat ruby to that institution, named in his honor after Carmen Lucia Buck.

Source: HuffPost.com.

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