Ray Kroc Net Worth, Life Story, Business, Age, Family Wiki & Faqs

Ray Kroc Net Worth, Life Story, Business, Age, Family Wiki & Faqs

Ray Kroc was an American entrepreneur best known for expanding McDonald’s from a local chain to the world’s most profitable restaurant franchise operation.

Ray Kroc Biography (wiki):

Full Name (real name) Raymond Albert Kroc
Nickname or Other Names Ray Kroc
Profession Businessman and entrepreneur
Gender Male
Date of Birth and Age October 5, 1902
Age (as of 2021) n/a
Birthplace Oak Park, Illinois 
Nationality United States
Ethnicity White
Religion Christian
SpouseJoan Kroc
Zodiac SignLibra

Ray Kroc Net Worth:

Ray Kroc was best known for being responsible for the popularity of the McDonald's brand. Kroc joined McDonald's in 1954 and helped expand the franchise nationally and then globally.
Here's how much Ray Kroc worth today:

Ray Kroc's Net Worth is $18 Billion

Early Life

Ray Kroc spent most of the first decades of his professional career selling paper cups and milkshake machines. After discovering a popular California hamburger restaurant owned by Dick and Mac McDonald, he went into business with the brothers and launched the McDonald's franchise in 1955. Kroc purchased the company outright in 1961, and his strict operational guidelines helped transform McDonald's into the world’s largest restaurant franchise before his death in 1984, at the age of 81.

Family Tree

Raymond Albert Kroc was born on October 5, 1902, in Oak Park, at that time a village adjacent to the city of Chicago in the state of Illinois. Both his parents were of Czech origin and Ray was their eldest child.

Father Name Louis Kroc
Mother Name Rose Mary
Brother Name Robert
Sister Name Lorraine
Spouse Name Joan Kroc
Children Marilyn Kroc

Education and Certificates

Ray Kroc went to public schools in Oak Park, Illinois, a suburb of Chicago, but did not graduate, leaving school to serve as an ambulance driver during World War I, like Ernest Hemingway, also from Oak Park.

Height and Weight

Here you can read about Ray Kroc's height and weight, as he was 5ft 4in (165 cm, 1.65 m) tall in height and 72 kg (158 lbs) in weight. 

Social Media Profiles

You can be in contact with Ray Kroc and get updates about his career and more on FacebookInstagram, and Twitter.

Career

In 1954, Kroc visited a restaurant owned by brothers Dick and Mac McDonald in San Bernardino, California, that reportedly had the need for several of his multi-mixers. He was impressed by the simple efficiency of the operation, which rapidly catered to its customers by focusing on a simple menu of burgers, french fries and shakes.

Grasping the potential for a chain of restaurants, Kroc offered to work as a franchising agent for a cut of the profits. In 1955, he founded McDonald's System, Inc. (later McDonald’s Corporation), and opened its first new restaurant in Des Plaines, Illinois. By 1959, McDonald's had opened restaurant No. 100, but Kroc still wasn't reaping significant profits. Following the advice of Harry J. Sonneborn, who became McDonald’s Corp.'s first president, Kroc set up a system in which the company purchased and leased land to new franchises. Sonneborn also helped secure a $2.7 million loan that enabled Kroc to purchase the company outright from the McDonald brothers in 1961.

Awards and Achievements

In 1972, Ray Kroc received the Horatio Alger Award from the Horatio Alger Association of Distinguished Americans for his dedication and honesty.

Interesting Facts and FAQs

  • At 15, he served in the First World War as a Red Cross Ambulance driver.
  • Ray Kroc is a true example of an entrepreneur who had the drive and extraordinary skills that allowed him to mastermind his success.

Ray Kroc Photos

Ray Kroc Net Worth, Life Story, Business, Age, Family Wiki & Faqs


Ray Kroc Net Worth, Life Story, Business, Age, Family Wiki & Faqs

Ray Kroc Net Worth, Life Story, Business, Age, Family Wiki & Faqs


Ray Kroc Net Worth, Life Story, Business, Age, Family Wiki & Faqs

Born in 1902 to parents who were Czechoslovakian immigrants, Ray Kroc rose from humble beginnings, including stints as a paper cup salesman and jazz musician, to become one of Time's "Most Important People of the Century" by building McDonald's into the most famous and successful fast-food restaurant in the world.



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