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By the time of Kroc's death in 1984, McDonald's had 7,500 outlets in the United States and in 31 other countries and territories. [23] The total system-wide sales of its restaurants were more than $8 billion in 1983, and his personal fortune amounted to some $600 million.
Kroc himself fully appreciated Martino's key role in the company and her loyalty in working long hours for little pay in the early years, rewarding her with an equity interest in the company. Thus, when McDonald's went public in 1965, Martino cashed in $300,000 of her holdings (equivalent to $2.3 million in 2018) and her remaining holdings were ...
Upon her death in 2003, Kroc bequeathed $1.5 billion (equivalent to $3 billion in 2023) to The Salvation Army solely for the purpose of establishing centers of opportunity, education, recreation and inspiration throughout the United States to be known as "Salvation Army Ray and Joan Kroc Corps Community Centers". [3] [4] [5]
Ray Kroc transformed a small family-owned burger stand into McDonald's, the world's biggest fast-food empire.
Joan Beverly Kroc (née Mansfield, previously Smith; August 27, 1928 – October 12, 2003), also known as Joni, [1] was an American philanthropist and third wife of McDonald's CEO Ray Kroc. Early life
The bad guys make mean faces and the girls wiggle, just like our videos, but here’s where the difference is: two-thirds of the way — exactly — everybody starts dancing. Smack. The kiss of death.
After they purchased eight of his Multi-Mixers for their San Bernardino, California restaurant, Kroc visited that restaurant in 1954. [12] That year the McDonald brothers hired Kroc as their franchise agent. Kroc took 1.9% of gross sales, of which the McDonald brothers got 0.5%. [13] [14]
On the eve of an initial public offering of Century 21's Chinese operation, Art Bartlett, the co-founder of Century 21 Real Estate Corp., died at age 76. Best known for their trademark yellow ...