Ray Kroc Birthday Highlights
Birth Name Raymond Albert Kroc
Place Of Birth Oak Park, USA Age 121 years old
Birth Date October 4 1902
Ray Kroc Facts
Child Star? no Occupation Businessman Education & Qualifications Oak Park’s Lincoln School Net Worth $600,000,000
Current Partner Joan Kroc Children Marilyn Kroc Parents Alois Louis Kroc, Rose Mary Kroc
About Ray Kroc Ray Kroc or Raymond Albert Kroc was an American businessman.He was born on October 5, 1902, in Oak Park, Illinois, US, and died on January 14, 1984, in San Diego, California, United States. He bought McDonald’s in 1961 and served as its CEO from 1967-1973.McDonald’s became the most profitable fast-food corporation in the world thanks to Ray’s role in expanding it globally. Kroc has often been recognized as the pioneer of the McDonald’s Corporation due to the firm’s expansion under his leadership.More fascinating information about this American entrepreneur, Ray Kroc, including his net worth, family, and much more, is provided below.Ray Kroc Net Worth, Earnings & Spending HabitsWhat was Ray Kroc’s net worth?At the time of his death, Ray Kroc’s net worth was approximately $600 million.This equals $1.4 billion in today’s value wage growth. Through his employment at McDonald’s, he amassed tremendous wealth. He is renowned for growing the restaurant network and generating millions of dollars for the business. Additionally, he co-wrote the book ‘Grinding it Out’.How much did Ray Kroc earn per year?Ray Kroc made a massive amount of money while he lived. He earned about $8.42 million annually.Height, Age, And Physical AttributesHow tall was Ray Kroc?Ray Kroc was average in height. He was around 5 ft 5 in (165cm) tall.How old was Ray Kroc?Ray was born on October 5, 1902, in Oak Park, Illinois, United States. Ray Kroc’s birthday falls on October 5.Kroc was 81 years old when he died of heart failure at a hospital in San Diego, California, on January 14, 1984. He was laid to rest at the El Camino Memorial Park in Sorrento Valley.Childhood And EducationRaymond Albert Kroc grew up in his hometown, Oak Park, Illinois. His parents are Alois Louis Kroc and Rose Mary Kroc. He had younger siblings named Lorraine and Robert.Ray and Bob had quite different personalities as kids, and they frequently struggled to communicate. However, they got closer as they grew up. Ray was an intelligent kid, in contrast to Bob. He often devised original designs and imagined complex techniques to make them work, which earned him the moniker ‘Danny Daydreamer’. But he never had aimless ideas; instead, they were always connected to some activity.Ray Kroc had been quite determined and self-assured since he was a kid. He attended River Forest High School and Oak Park High School. He excelled in discussions while a student at Oak Park’s Lincoln School, displaying a natural ability to persuade others.During World War I, Kroc started driving a Red Cross ambulance at 15. He worked in a variety of occupations during the Great Depression, including hawking plastic cups, playing the piano for groups, and becoming a franchise agent.At 21, Ray Kroc joined the Lily Tulip Paper Cup Company as a marketer.Family, Romance And RelationshipsWho was Ray Kroc’s partner?During his lifetime, Ray Kroc had three marriages. In 1922, Kroc married Ethel Fleming, and in 1961, the two parted ways.After that, Kroc was wedded to Jane Dobbins Green between 1963-1968. Then in 1969, he went into another marriage with Joan Kroc, his third wife. However, Ray Kroc had a child named Marilyn Kroc from his first marriage.Career And Professional HighlightsBest Known For…Ray Kroc is famous for turning McDonald’s into the most profitable fast-food corporation in the world.Ray had started working as a salesperson for Prince Castle, a maker of milkshake mixers after World War II was over. He worked as a ticker-tape reader at the American Stock Exchange in New York as well.In 1954, when Prince Castle Multi-Mixer sales were suffering due to increased competition from cheaper Hamilton Beach brands, Kroc was fascinated, and he decided to visit Richard Mcdonald and Maurice McDonald, who procured eight of his Multi-Mixers for their San Bernardino, California restaurant.Ray Kroc signed a message to Walt Disney after concluding a franchise arrangement with the McDonald brothers. He converted a medium-sized McDonald’s Corporation business into one of the most successful fast-food brands in the country after purchasing the trademark. He used standardization to assure that McDonald’s foods taste the same in all its outlets.In 1955, in conjunction with the McDonald brothers, Kroc launched the first McDonald’s location in Des Plaines, Illinois. Later, two more were inaugurated before the year ended, and he established an independent corporation that would purchase or sell land.Kroc made several ground-breaking adjustments to the franchise model for restaurants. The most notable was the corporation’s afterward practise of selling standard franchises solely rather than more extensive, territorial franchises. His policies for Mcdonald’s corporation were only permitted to make outlets in larger cities under his laws; businesses were not permitted to establish in central or urban neighborhoods since more underprivileged residents would break in and access after the company’s significant hours were ended.In 1961, Ray Kroc paid $2.7 million to purchase McDonald’s and launched ‘The Big M’, a McDonald’s restaurant next to the first McDonald’s.In 1965, Mcdonald’s went public at a rate of $22 per share. Kroc took over as president of the corporation the same year and began to grow its product line. Even though Mcdonald’s nutritional value, how it treats its young employees, and Kroc’s reputation for harsh business practices drew criticism, the business model he created ended up being quite successful. The uniformity of McDonald’s food throughout franchises was made possible by Kroc’s stringent regulations on production, quantity, cooking techniques, and labeling. These developments helped the McDonald’s brand become a massive success.In 1968, Ray Kroc was appointed the chairman and served in that capacity through 1977. After that, he was appointed Senior Chairman of Mcdonald’s, a position he held until his demise.Charity WorkRay Kroc was well-known for supporting numerous charities.His foundation funded studies, care, and outreach about various illnesses, including hypertension, arthritis, and neurodegenerative disorders. Most notably, it was responsible for founding the Ronald McDonald House, a foundation that offers families free accommodation close to hospitals where their kids undergo treatment.Kroc’s third wife, Joan Kroc, was also a philanthropist who considerably increased her philanthropic contribution after his departure.What awards did Ray Kroc win?Ray Kroc won lots of awards.In 1972, The Horatio Alger Association of Distinguished Americans presented Kroc with the Horatio Alger Award. He was recognized in the list of ‘Time 100: The Most Important People Of The Century’.In 1973, Ray Kroc was honored with the American Academy of Achievement’s Golden Plate Award, and in 1999, he was posthumously enshrined in the San Diego Padres Hall of Fame. Other Interesting Ray Kroc Facts And TriviaDespite having dropped out of school, Raymond Albert Kroc made numerous innovations in the food service industry and became an entrepreneur at a young age.From 1974-1984, he also served as the owner of the San Diego Padres baseball team.Kroc’s notoriety led to Michael Keaton’s portrayal of him as a figure in the movie ‘The Founder (2016)’.The 2004 song ‘Boom, Like That’ by Mark Knopfler is about Kroc’s acquisition of the McDonald’s franchise and his ‘Kroc-style’ business strategies.Furthermore, Ray Kroc was highlighted in the narrative series ‘The Food That Built America’ on the History channel, as well as in Tim Harford’s BBC World Service public broadcast ‘50 Things That Made the Modern Economy’ in the episode, ‘Fast Food Franchise’, which portrays the blast that his franchisee model accommodated the fast-food industry.We would love your help! If you have a photo of Ray Kroc, either of them alone or a selfie that you would be happy to share, please send it to [email protected].If you have knowledge or information that you think would help us improve this article, please contact us.
Ray Kroc Birthday Highlights
Birth Name Raymond Albert Kroc
Place Of Birth Oak Park, USA Age 121 years old
Birth Date October 4 1902
Ray Kroc Facts
Child Star? no Occupation Businessman Education & Qualifications Oak Park’s Lincoln School Net Worth $600,000,000
Current Partner Joan Kroc Children Marilyn Kroc Parents Alois Louis Kroc, Rose Mary Kroc
Ray Kroc or Raymond Albert Kroc was an American businessman.
Ray Kroc Birthday Highlights
Birth Name Raymond Albert Kroc
Place Of Birth Oak Park, USA Age 121 years old
Birth Date October 4 1902
Ray Kroc Birthday Highlights
Birth Name Raymond Albert Kroc
Place Of Birth Oak Park, USA Age 121 years old
Birth Date October 4 1902
Birth Name Raymond Albert Kroc
Place Of Birth Oak Park, USA Age 121 years old
Birth Date October 4 1902
Birth Name Raymond Albert Kroc
Place Of Birth Oak Park, USA Age 121 years old
Birth Date October 4 1902
Ray Kroc Facts
Child Star? no Occupation Businessman Education & Qualifications Oak Park’s Lincoln School Net Worth $600,000,000
Current Partner Joan Kroc Children Marilyn Kroc Parents Alois Louis Kroc, Rose Mary Kroc
Ray Kroc Facts
Child Star? no Occupation Businessman Education & Qualifications Oak Park’s Lincoln School Net Worth $600,000,000
Current Partner Joan Kroc Children Marilyn Kroc Parents Alois Louis Kroc, Rose Mary Kroc
Child Star? no Occupation Businessman Education & Qualifications Oak Park’s Lincoln School Net Worth $600,000,000
Current Partner Joan Kroc Children Marilyn Kroc Parents Alois Louis Kroc, Rose Mary Kroc
Child Star? no Occupation Businessman Education & Qualifications Oak Park’s Lincoln School Net Worth $600,000,000
Current Partner Joan Kroc Children Marilyn Kroc Parents Alois Louis Kroc, Rose Mary Kroc
