Joan Kroc Net Worth
Joan Kroc, a well-known philanthropist, was also recognized for her immense wealth. She inherited her husband Ray Kroc‘s fortune after his death in 1984, which reportedly amounted to over $600 million at the time.
As a result, Joan’s net worth was estimated to be more than $580 million, making her one of the wealthiest women in America at the time.
Despite her immense wealth, Joan Kroc was known for her modest lifestyle and generous philanthropic endeavors. She believed in using her wealth to make a positive impact on society, and she dedicated much of her life to supporting various charitable causes and organizations.
Joan’s generosity was exemplified through her extensive donations to cancer research and the Ronald McDonald House Charities. Her contributions to the latter helped establish a network of over 300 homes worldwide, providing accommodation for families of sick children receiving treatment in hospitals.
In addition, she established the Joan B. Kroc Institute for Peace and Justice, a research institute dedicated to promoting peace and justice worldwide.
Joan Kroc’s impact on society went beyond her financial contributions, as she was known for her unwavering dedication to improving the lives of those in need.
Her legacy continues to inspire people to this day, and her remarkable philanthropic work serves as a testament to the impact one person can have on the world through generosity and compassion.
Joan Kroc Bio
Joan Beverly Kroc, fondly referred to as Joni, was a distinguished American philanthropist, who dedicated her life to the betterment of society.
She was best known for her significant contributions to various charitable causes and organizations, including medical research, education, and the arts.
Joan was born on August 27, 1928, in West St. Paul, Minnesota, and spent her early years working as a musician and radio show host. Later, she met Ray Kroc, the CEO of McDonald‘s, whom she married in 1969, becoming his third wife.
After the death of her husband in 1984, Joan inherited his fortune, which she used to support numerous charitable causes close to her heart.
She donated millions of dollars to fund cancer research and the Ronald McDonald House Charities, a non-profit organization that provides accommodation for families of sick children receiving treatment in hospitals.
She also founded the Joan B. Kroc Institute for Peace and Justice, a research institute based in San Diego, dedicated to promoting peace and justice worldwide.
In recognition of her philanthropic efforts, Joan was awarded several prestigious accolades, including the Presidential Medal of Freedom, the highest civilian honor in the United States.
She passed away on October 12, 2003, at the age of 75, leaving behind a legacy of generosity and compassion that continues to inspire people to this day.
Joan Kroc Age
Joan Kroc was born on August 27, 1928, in West Saint Paul, Minnesota. She spent her formative years in Minnesota, where she worked as a musician and radio show host. In 1969, she married Ray Kroc, the CEO of McDonald’s, and moved to California, where she continued her philanthropic work.
Throughout her life, Joan Kroc was known for her unwavering dedication to charitable causes and her passion for improving the world around her. She lived a full and meaningful life, committed to making a positive impact on society through her philanthropic endeavors.
On October 12, 2003, Joan Kroc passed away at the age of 75 in her home in Rancho Santa Fe, California. Her death was deeply mourned by many, as she had left an indelible mark on society through her remarkable philanthropic work. Her legacy continues to inspire people to this day, and her commitment to making the world a better place remains an example for all of us to follow. Despite her passing, Joan Kroc’s impact on society lives on, and her generosity and compassion continue to inspire future generations to make a positive impact on the world.
Joan Kroc Cause of Death
Joan Kroc passed away on October 12, 2003, at her home in Rancho Santa Fe, California. She had been battling brain cancer, a condition that ultimately claimed her life at the age of 75.
Joan’s death was a great loss to her family, friends, and the countless people whose lives she had touched through her philanthropic work. Her passing was deeply mourned by many, who recognized her as a remarkable individual with an unwavering dedication to making the world a better place.
Following her death, Joan was cremated, and most of her remains were entombed at the El Camino Memorial Park in Sorrento Valley, San Diego.
Her legacy lives on through the numerous charitable causes and organizations she supported, and her remarkable impact on society continues to inspire people around the world to this day.
Despite her passing, Joan Kroc’s memory lives on as a testament to the power of generosity and compassion in making the world a better place.
Joan Kroc Salvation Army
Joan Kroc’s commitment to philanthropy was evident in her numerous donations to various charitable causes and organizations.
One of her most significant contributions was to The Salvation Army, where she donated a total of $90 million in 1998.
The donation was aimed at building a comprehensive community center in San Diego, California, that would provide a range of services to the local community, including education, health, and wellness programs.
In addition to her contributions to The Salvation Army, Joan Kroc also made a bequest of $1.5 billion to the organization, one of the largest individual gifts ever made to a charity.
The bequest was aimed at supporting the development of community centers across the United States, with a focus on providing services to children and families in underserved communities.
It is worth noting that Joan Kroc’s philanthropic work was not limited to The Salvation Army. She donated millions of dollars to various causes, including cancer research, education, and the arts.
Her remarkable generosity was driven by her desire to make a positive impact on society and improve the lives of those in need.
Upon her husband Ray Kroc’s death in 1984, Joan inherited $500 million from the McDonald’s fortune. She used much of this wealth to support various charitable causes and organizations throughout her life.
Joan Kroc’s legacy continues to inspire people to this day, and her remarkable philanthropic work serves as a testament to the power of generosity and compassion in making the world a better place.
How much did Joan Kroc donate to The Salvation Army? In 1998, Mrs. Joan Kroc, widow of McDonald’s founder Ray Kroc, donated $90 million to The Salvation Army to build a comprehensive community center in San Diego, California.
How much money did Ray Kroc leave The Salvation Army? The Salvation Army will receive a $1.5 billion bequest from McDonald’s heiress Joan Kroc — one of the largest individual gifts ever made to a charity.
Who inherited the McDonalds fortune? While many are familiar with the story of the man who made the McDonald’s fortune, most have not heard about the woman who gave most of that money away. Joan Kroc, Ray’s third wife, an erstwhile cocktail pianist, inherited $500 million when Ray died in 1984 — and donated millions when she died two decades later.
Joan Kroc First Husband
Joan Kroc’s personal life was marked by a series of significant events that would shape her life and influence her philanthropic work. In 1945, she married Rawland F. “Rollie” Smith, a Navy veteran who would later become a McDonald’s franchisee, owning three stores in Rapid City, South Dakota.
Joan and Rollie had one child together, a daughter named Linda, who was born in 1946. However, their marriage was short-lived, and the couple divorced soon after Linda’s birth. Despite the end of their marriage, Rollie’s career as a McDonald’s franchisee would have a profound impact on Joan’s life, as she would later go on to marry the company’s CEO, Ray Kroc.
Joan’s marriage to Ray Kroc would prove to be a defining moment in her life. The couple met in 1957 when Joan, then a 29-year-old piano player, was performing at a Chicago club. Ray, who was 53 at the time, was immediately smitten with Joan, and the two quickly became inseparable. They married in 1969 and remained together until Ray’s death in 1984.
Despite her short-lived marriage to Rollie Smith, Joan Kroc remained close to her daughter Linda throughout her life. In fact, Linda would go on to become a significant beneficiary of Joan’s philanthropic work, with her mother donating millions of dollars to support various charitable causes that Linda was involved in.
Joan Kroc’s life was marked by a series of events that would shape her philanthropic work and inspire others to make a positive impact on society.
Her remarkable generosity and commitment to improving the lives of those in need continue to inspire people to this day, serving as a testament to the power of compassion and generosity in making the world a better place.
Joan Kroc Daughter
Joan Kroc’s daughter, Linda Smith, played a significant role in her mother’s philanthropic work. Despite Joan’s divorce from Linda’s father, Rawland F. Smith, she remained close to her daughter throughout her life. Linda was born in 1946, a year after Joan and Rollie’s marriage.
As a young woman, Linda became involved in various charitable causes, including the prevention of drug abuse and the treatment of substance addiction. Her mother’s wealth and philanthropy allowed Linda to pursue her interests and make a significant impact on society.
In fact, Joan’s donations to organizations such as the National Council on Alcoholism and Drug Dependence were instrumental in helping Linda establish her own nonprofit organization, the Betty Ford Center, which provides comprehensive treatment for addiction and related issues.
Linda Smith’s work with the Betty Ford Center was just one example of the impact that Joan Kroc’s philanthropy had on her daughter’s life.
As a testament to her mother’s generosity, Linda would go on to establish the Kroc Institute for Peace and Justice at the University of San Diego, which seeks to promote peace and social justice through education and research.
Through her daughter Linda and her own philanthropic work, Joan Kroc’s legacy continues to inspire others to make a positive impact on society.
Her generosity and commitment to improving the lives of others serve as a reminder that even one person’s actions can have a profound impact on the world around them.