Ray Kroc Net Worth

Ray Kroc Net Worth $500 Million

Born on October 5, 1902, Raymond Albert “Ray” Kroc had inconsequential beginnings. By the time he was 15, he fibbed about his age to get a job as an ambulance driver during World War I. Through this early position, he met the visionary Walt Disney. After his initial work, he began to sell Prince Castle Multi-Mixer. After selling eight of the devices to the McDonald brothers, Ray Kroc saw the potential of the McDonald’s company. 

ray kroc

Convinced that it could explode in fame throughout the country, Kroc offered to serve as the companies franchising agent. Through this work, he opened his first McDonald's restaurant in Des Plaines, Illinois. Even on the opening day, the franchise managed to earn a few hundred of dollars. 

Following the success of his first franchise, Ray Kroc continued to franchise other branches of the restaurant to new owners. Annoyed that the McDonald brothers did not want to grow the company, he purchased McDonald's for $2.7 million. Following the purchase, Ray Kroc convinced Walt Disney to include McDonald's in the Disney Development park. Over the next few decades, Kroc managed to build McDonald's into a world-recognized brand. Listed as one of the most influential people of the century, Ray Kroc managed to amass a net worth of $500 million by the time of his death. 

ray kroc


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References:

Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)