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At 17, he bought a sandwich shop for $125,000—he renamed it Jersey Mike’s and just sold it for $8 billion

When Peter Cancro bought Mike’s Subs as a 17-year-old with a $125,000 loan from his football coach, he wasn’t even old enough to legally slice cold cuts at the Point Pleasant, New Jersey, sandwich joint. The shop, which he ended up renaming Jersey Mike’s Subs, has since made him a billionaire. On Tuesday, private equity giant Blackstone announced that it […]