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Aug 12, 2022 · At the time of his death, his net worth was reported to be $600 million, which is equivalent to $1.7 billion in today's money. Today, McDonald's has more than 38,000 restaurants in over 100 countries (via World Population Review ).
- Jean Mendoza
Raymond Albert Kroc (October 5, 1902 – January 14, 1984) was an American businessman. He purchased the fast food company McDonald's in 1961 from the McDonald brothers and was its CEO from 1967 to 1973. Kroc is credited with the global expansion of McDonald's, turning it into the most successful fast food corporation in the world by revenue ...
- What Is Ray Kroc's Net Worth?
- Early Life
- Ray's Role with McDonald's
- Post-Retirement
- Relationships
- Real Estate
Ray Kroc was an American businessman and entrepreneur who had a net worth of $600 million at the time of his death in 1984. That's the same as $1.4 billion today after adjusting for inflation. Ray Kroc passed away on January 14, 1984 at 81 years old from heart failure. He is widow Joan Kroc was worth $3 billion when she died in 2003. She gave nearl...
Raymond Albert Kroc was born on October 5th of 1902 in Oak Park, Illinois. Raised in the suburbs of Chicago by Czech-American parents, Ray witnessed his family go through tremendous financial hardships during his early adult life. His father, Alois "Louis" Kroc raked in a tremendous amount of money speculating on land in the 20s, but he lost everyt...
After World War II, Kroc found himself selling milkshake mixers. This eventually brought him into contact with Richard and Maurice McDonald, two brothers who had started the original McDonald's. Ray Kroc was hired as a franchise agent, and he began opening his own McDonald's locations throughout the nation. Ray eventually bought out the brothers in...
Kroc eventually stepped down from his leadership role at McDonald's in 1974, spending the rest of his days running the San Diego Padres. He eventually allowed his son-in-law to run the baseball team.
Ray first married Ethel Fleming, and their marriage lasted from 1922 until 1961. He then married Jane Dobbins Green in 1963, although this marriage also ended in divorce by 1968. He remained married to his third spouse, Joan Kroc, until his death. Over the course of her life, Joan donated a considerable amount of the Kroc estate to various charitie...
In 2020, it was reported that a 554-acre property once owned by Ray Croc had been listed for $29 million. Situated in the Santa Ynez Valley, the property features a circular home known locally as "the hamburger." Kroc and his wife Jane originally purchased the property back in 1965 for $600,000. This was immediately after McDonald's first hit the s...
- Celebrity Net Worth
Jan 20, 2017 · Ray Kroc, the man credited with turning McDonald’s into one of the most recognized brands in the world, is finally getting his star turn with a film, “The Founder,” that opened nationwide on...
Aug 4, 2016 · Did Ray Kroc really credit himself with being the founder of McDonald's? Yes. After the McDonald brothers sold the company to Ray Kroc in 1961 for $2.7 million, he began to take credit for its birth.
Jun 2, 2021 · How much did Ray Kroc, the founder of the modern McDonald's, pay to acquire this dynasty of trans fats? And, more importantly, could he have invested some of that money in an ice cream machine that works more than ten minutes out of every week?
Jun 21, 2017 · If you had bought 100 shares of McDonald’s stock on the IPO at $22.50 per share in 1965, today it would be worth roughly $9.3 million. After the IPO, Kroc wanted to continue the chain’s rapid growth, while Sonneborn became more conservative.
