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Grizzly Bulls’ Billionaires Index

⬅ # 324 Orlando Bravo|# 326 Ma Jianrong ➡

# 325 Elisabeth DeLuca 

$8.27B

Real Time Net Worth
as of 6/29/2024

# 325 Elisabeth DeLuca 

$8.27B

Real Time Net Worth
as of 6/29/2024
OccupationHeiress
Source of WealthSubway
Age76
ResidencePompano Beach, Florida
Marital StatusWidowed
Children1
Age-Adjusted Net Worth$2.80B
Elisabeth DeLuca
Elisabeth DeLuca
United States
Net worth: $8.27B

Self-Made Score 

Biography

Overview

Elisabeth DeLuca, born in 1947, is the widow of Subway co-founder Fred DeLuca, who, along with family friend Peter Buck, established the sandwich shop in 1965.
Following Fred DeLuca's death from leukemia in 2015, Elisabeth inherited his 50% stake in Subway, one of the world's largest restaurant chains.
Primarily residing in Pompano Beach, Florida, DeLuca also maintains a $1.2 million two-bedroom apartment in a beachfront luxury high-rise.

Philanthropic Activities

Between 2015 and 2021, DeLuca directed over $710 million in cash and stock to two family foundations, primarily focusing on education and youth support charities in Florida and Connecticut.
A significant donation involved gifting 27,000 acres of land in Osceola County, Florida, valued at nearly $140 million, to the University of Florida in late 2020.
The land, originally intended for development, is part of Florida's 'wildlife corridor' and is home to rare plants and animals, including the endangered Grasshopper sparrow and the Gopher tortoise.

Notable Contributions

In October 2023, DeLuca made headlines with a $40 million donation to the University of Connecticut, earmarked for the construction of a new nursing school facility, the largest single gift in the university's history.
She also pledged an additional $600 million to charitable foundations, indicating her commitment to continued philanthropy.

Subway Sale and Financial Impact

In August 2023, Subway, under DeLuca's ownership, agreed to be acquired by Roark Capital, a private equity firm, in a deal reportedly valued at over $9 billion.
This transaction is expected to inject an estimated $3.4 billion in cash into DeLuca's family's coffers, potentially fueling further philanthropic initiatives.

How long would it take you to become as rich as Elisabeth DeLuca?

If you started with $10,000 and invested an additional $500 each month at a 44.06% CAGR, it would take you 5 years to reach Elisabeth DeLuca's net worth of $8.27B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 48.24% compared to 16.19% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Elisabeth DeLuca is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Elisabeth DeLuca, Subway is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey