Ray Kroc’s profile picture

Ray Kroc

Founder of the McDonald’s Corporation
Ray Kroc’s profile picture
Net worth 2018: $500 Million
Industry: Restaurateurs
Residence: Oak Park, Illinois, U.S.
Country: United States
BirthDay: 5 October 1902
Sigh: Scorpio
Died On: January 14, 1984
Education: Oak Park and River Forest High School
BIOGRAPHY

Ray Kroc was bornon 5 October 1902 in Oak Park, Illinois, U.S., American, is Founder of the McDonald’s Corporation. Raymond Albert Kroc, popularly known as Ray Kroc, was an American businessman, who brought about a revolution in the fast food industry, making McDonald’s the biggest fast food chain in the world. Once referred to by Harvard Business School as “the service sector’s equivalent of Henry Ford”, Kroc but had a modest beginning. Initially, he sold various items such as paper cups, milkshake mixers before coming in contact with McDonald brothers, who ran a small but popular fast food joint in California, at the age of 51. Subsequently he acquired the franchise of small-scale McDonald’s Corporation, he transformed it into one of the most successful fast food operations in the world. Ray Croc eventually bought the company, at the age of 59. He also utilized standardization to ensure that the McDonald’s food products to taste the same in all the outlets. Kroc revolutionized the American restaurant industry with the new and developed operating and delivery system. By the time of his death, the chain had 7,500 outlets across the world with gross sales of $8 billion.

NET WORTH STATISTIC
2018

$500 Million

TIMELINE
1984

He died of heart failure on January 14, 1984 at the age of 81 and was buried at the El Camino Memorial Park in Sorrento Valley, San Diego

1980

In 1980, after suffering a stroke, he was admitted to a rehabilitation centre for his alcoholism

1969

In 1969, he married Joan Beverly Smith nee Mansfield

1963

In 1963, he married Jane Dobbins Green, a secretary

1957

They first met in 1957, while he was married to Ethel and she to Rawland F

1938

In 1938, while selling paper cups, Kroc met a gentleman called Earl Prince

1922

In 1922, Ray Kroc married his high school sweetheart Ethel Fleming

1919

In 1919, at the age of 17, Ray Kroc began his career in sales, supplementing his income as a pianist at a nightclub or as a DJ at the local radio station

(4.1/130 votes)
Related Person