The McDonald Brothers: From Fast Food Pioneers to Millionaires, Not Billionaires
From Fast Food Pioneers to Millionaires The McDonald brothers, Richard and Maurice, forever changed the fast-food industry with their brilliant idea: affordable, delicious meals. However, despite the massive success of McDonald’s, they did not amass the billionaire fortunes enjoyed by many modern entrepreneurs. In 1961, the brothers sold their company to Ray Kroc for a total of $2.7 million each. After taxes, their net worth was closer to $1 million. Their conservative business practices and lack of interest in rapid expansion contributed to their modest financial gains....