. Ever since, Kroc has owned the exclusive brand rights for all McDonald's locations. Who founded McDonald's? McDonald's was founded by the McDonald brothers, Richard (Dick) and Maurice (Mac). At the same time as founding McDonald's, the two brothers also created the "Speedie Service System", now what we call fast food . Who were the McDonald brothers? Richard and Maurice McDonald were two American entrepreneurs, they founded the business. The idea for the restaurant came to them in 1937 after they opened a hot dog stand in California , USA, which proved a massive hit with customers. In 1940, they decided to branch out and open a bigger hot dog stand at a different California site to entice in more people. It proved successful and soon the McDonald brothers adapted their business to focusing on their most popular items: hamburgers, milkshakes, and French fries . Richard McDonald died on July 14, 1998, at the age of 89, having outlived Maurice, who died aged 69 on December 11, 1971. Who was Ray Kroc and what was his net worth? Ray Kroc was an American businessman, who went into partnership with the McDonald brothers in 1955. In the early 1940s, Kroc became the exclusive distributor in the United States of the 'multimixer', a blender that could simu){kind=link}
MCDONALD’S is a household name across the world and you will be hard pressed to find someone who hasn’t heard of it.
We all love a Big Mac or Happy Meal, but who founded the fast food giant and who owns it now?
McDonald’s has been owned by Kroc, set up by Ray Kroc, since April 1955 after he went into business with the McDonald brothers.
Kroc’s first McDonald’s location was opened in Illinois, USA, on April 15 the same year.
Soon after, Kroc founded McDonald’s System, Inc., what’s today known as the McDonald’s Corporation.