Ray Albert Kroc’s birthday is October 5th, and he entered this world in Oak Park, Illinois. Ray was brought up in the Chicago suburbs by Czech-American parents and saw them suffer through extreme financial troubles in his early adult years. Alois “Louis” Kroc Sr. made a fortune in the 1920s via land speculation, only to lose it all in the Great Depression of 1929. Ray Kroc’s net worth has been in the trend nowadays so you can check out all details relating to his net worth below.
How Much was Ray Kroc Net Worth in 1984?
An estimated $600 million was in Ray Kroc’s bank account when he passed away in 1984. After adjusting for inflation, that is equivalent to today’s $1.4 billion.
Ray Kroc died of heart failure on January 14, 1984, at age 81. His wife died, leaving him a widower. When Joan Kroc passed away in 2003, she was worth $3 billion. She donated almost all of the money to good causes. If the Kroc family hadn’t given away their riches, it would be worth around $18 billion at today’s stock price of McDonald’s.
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How Much Property Did Ray Kroc Have?
It was reported in 2020 that Ray Kroc has put up for sale a 554-acre property for $29 million. The Santa Ynez Valley property is home to a circular dwelling known as “the hamburger” among locals. Kroc and his wife Jane paid $600,000 in 1965 to buy the house. This occurred right after McDonald’s went public and made Kroc a millionaire overnight.
He bought the land and renamed it the “J and R Double Arch Ranch” after himself and his wife. After constructing several beautiful structures on the property, Ray used it for McDonald’s research and as a vacation retreat for himself and his closest McExecutives.
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