How Rich Can You Get By Selling McDonalds Their Fries?

How Rich Can You Get By Selling McDonalds Their Fries?
World
Like Us On Facebook
Like Us On Facebook

The number is a whooping $3.6 Billion. That’s how much. That was the net worth of John Richard Simplot, the founder of the J.R. Simplot Company; the company which till date supplies the golden fries of McDonalds. The story behind the company proves that hard work gets you to those elusive billions.

The Simplot Company was already the largest shipper of fresh potatoes in the United States by the Second World War. The company also pioneered the frozen French Fries – an invention that is used even today and proved crucial to minting his billions. Till the time Simplot created this process of frozen fries, Mcdonalds used to cut their fries fresh at each store.

This was alright for most of the time but the best potato for fries, the Russet potato was not available during the summer. This meant that restaurants could not ensure a consistent quality of their fries. Simplot solved the problem with their frozen fries.

In 1967, Simplot and McDonalds founder Ray Kroc agreed by hand shake that from then onwards all fries in the United States would come from the Simplot Company. The agreement holds till date.

Mr. John Richard Simplot , ended up being the oldest billionaire on the Forbes 400 list at the time of his death in 2008. While one cant say that McDonalds alone made him all his billions (he had significant other investments), the frozen McDonalds fry was certainly responsible to get him to most of the way.

Elite.

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Preston Waters

Preston Waters is a thinker. He's not your traditional philosophical persona, however, as he leaves no topic untouched. Covering all the bases, from business to women, Preston Waters is the ultimate man's man for Gen-Y.

More In World

World Emily Arata

Guy Dresses Up As Girl And Walks The Streets Of LA, Still Gets Catcalled

After the Hollaback! video documenting harassment on the streets of New York City went viral, it seems every comedian’s brain began whirring. YouTube channel Nada Original took its own stab at the concept, showing a man in a wig, sparkly dress and knee-highs strolling around Hollywood for 10 hours. While the man calls himself a “drag […]

World Sean Levinson

Blackmailers Threaten To Unleash Ebola If They Don’t Receive Ransom

The Czech government has received emails from people threatening to infect the public with Ebola unless a ransom of one million euros in Bitcoin is paid. The anonymous blackmailers claim to have obtained the virus from Liberia and warn that if their demands aren’t met, Ebola will be unleashed in Prague and then to the rest […]

World Gillian Fuller

Heart-Shaped Cloud Floats Above Bride And Groom At The Altar (Photo)

Noticing a heart-shaped cloud floating above you and your significant other on your wedding day is probably a good sign for what’s to come in the years ahead. So congratulations are definitely in order for John and Jessica Hardesty because on their wedding day, that’s exactly what happened. The outdoor ceremony, held in Idaho, took […]

World Adam Pliskin

Twins Spend $20K On Plastic Surgery To Make Sure They Stay Identical

Twin sisters Sara and Emma Koponen do everything together. They work out together. They eat together. They have even had identical plastic surgeries. The Swedish sisters are 25 years old and have spent over $20,000 on plastic surgery in order to change their bodies while looking exactly the same. They’ve had three boob jobs a […]

World Sean Levinson

People In Africa Are Being Urged To Use An Actual ‘Ebola Handshake’

The United States Ambassador to the UN, Samantha Power, has revealed what is now known as the “Ebola handshake,” displaying how anyone in the countries most affected by the outbreak should greet each other. Among those she’s demonstrated the new greeting with, Power touched elbows with Liberian President Ellen Johnson Sirleaf at a press conference on Tuesday. […]

Also On Elite

World

ISIS Is Recruiting And Rewarding Its Young Fighters With Sex Slaves

A new report from the United Nations reveals that the Islamic State recruits young fighters by selling them sex slaves. According to the 29-page report, approximately 500 Iraqi women of the Yezidi and Christian communities have been either trafficked or made to be wives of the militants. Many of the Yezidi women, and presumably Christians […]

Humor

It’s No Surprise Siri Would Make The Worst Waitress Ever (Video)

Siri was first unleashed upon the world almost three years ago to the day, and even though most people with her level of competency would have been fired a long time ago, she’s somehow managed to stick around. Siri was recently rated the most distracting voice recognition software you can use while driving, which I assume […]

Life

The Spice Of Life: People Who Like Spicy Food Are More Adventurous

She’s bold, like cayenne pepper. He’s bitter, like bad coffee. She’s bland, like bread. What you eat says a lot about you. Whether you’re picky or adventurous, what you eat, like what you believe and what you listen to, is more than telling of your personality than what you say. What you decide to try, taste […]

LOL Lists

No, The Photo Of A Cheerleader Sh*tting In Mid-Air Isn’t Real

A viral photo of a cheerleader sh*tting mid-air has taken the Internet by storm. I’m not sure if people want this image to be real or not… Regardless, and, unfortunately, it is not real. Well, in her case, I guess this is fortunate. For our own sick and twisted personal amusement, it is unfortunate. I’m […]

Sports

It’s Over: Steve Nash’s Career Ends Without A Championship

Steve Nash is done. As a result of ongoing back issues, Nash will have to miss the 2014-2015 season. For this 40-year-old, a missed season due to injury likely means the end of his illustrious career. A depressing hypothetical has become an unthinkable reality. One of the most exciting, whimsical and creative players of our […]