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$18 billion
- If the Kroc family had retained their wealth, it would be valued at an astonishing $18 billion today, based on McDonald's current stock price.
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Aug 12, 2022 · Ray Kroc was a businessman popularly known as the person responsible for expanding McDonald's to the fast food giant that it is today. Kroc was born in Illinois on October 5, 1902, and in his youth, he started his own lemonade stand and also worked at a soda fountain.
- Jean Mendoza
Mar 13, 2004 · Ray gave $250,000 for Richard Nixon’s 1972 re-election. Joan later gave $1 million to the Democratic Party. Ray supported trade schools and disdained liberal arts colleges.
Dec 22, 2016 · Joan Kroc parlayed his fortune to become one of the greatest philanthropists of the 20th century, inventively supporting liberal causes that would have made the conservative businessman recoil in...
- Unselfish Generosity
- Anonymous Angel
- Conspiring with Salvation Army
- Enduring Legacy
During the five years it took to bring the book from concept to reality, one aspect of Kroc’s generosity fascinated Napoli the most. “Just how she unselfishly reacted to news items and personal situations,” Napoli said. “Her husband was an alcoholic, but she turned it into a useful situation for others. She was a very involved philanthropist who di...
In 1997, Kroc became aware of severe flooding in Grand Forks, North Dakota. She grew up in Minnesota and ran McDonald’s restaurants with her first husband in nearby South Dakota. Kroc wanted to do something, so she anonymously sent San Diego mayor Maureen O’Conner with a $15 million check to deliver to the mayor of Grand Forks. Three weeks later, K...
Joan Kroc was just getting warmed up. During a tour of San Diego’s poorer areas with Mayor O’Conner, she came face-to-face with underprivileged kids and decided she wanted to give them a safe place to play after school. She reached out to the local Salvation Army. She said, “Think big. Bigger than you’ve thought before.” Kroc made an $80 million pl...
In 2003, Kroc was diagnosed with brain cancer. How to dispose of nearly $3 billion gained imminent importance. Instead of granting it to a foundation for perpetual grants, she chose to leave it all to organizations that aligned with her passions. She gave $225 million to NPR, $60 million to Ronald McDonald House Charities, $50 million to the Kroc I...
Jan 20, 2017 · Ray Kroc, the man credited with turning McDonald’s into one of the most recognized brands in the world, is finally getting his star turn with a film, “The Founder,” that opened nationwide on...
Joan Beverly Kroc (née Mansfield, previously Smith; August 27, 1928 – October 12, 2003), also known as Joni, was an American philanthropist and third wife of McDonald's CEO Ray Kroc.
Feb 8, 2004 · Entrusted with a fortune after her husband, McDonald's founder Ray Kroc, died in 1984, she forged a legacy as one of the nation's great philanthropists. And one of the most private.
