Raymond Albert Kroc, popularly known as Ray Kroc was an American businessman. He purchased the fast food company McDonald’s in 1961 and was its CEO from 1967 to 1973. He is credited with the global expansion of McDonald’s, turning it into the most successful fast-food corporation in the world.
He was born to his parents on October 5, 1902, in Oak Park, Illinois, United States but sadly passed away on January 14, 1984, in San Diego, California, United States.
Many have been wanting to know his net worth at his time of death. Continue reading to find out as we dive into finances to know how he made his money.
How did Ray Kroc make his money?
As a businessman, he made his money through companies. In 1955, he founded McDonald’s System, Inc., a predecessor of the McDonald’s Corporation, and six years later bought the exclusive rights to the McDonald’s name and operating system.
How much does Ray Kroc make a year?
While he was alive, he was said to have been earning an average annual income of $50 million.
What is Ray Kroc net worth?
As of his time of death, he was worth $606 Million.
