| Legal Name: | McDonald’s Corporation |
| Headquarters Regions: | Chicago, Illinois, United States |
| Founded Date: | 15 April 1955 |
| Founders: | Richard McDonald, Maurice McDonald |
| Number of Employees: | 250000+ |
| Company Type: | For-Profit |
| Area served: | The United States of America and World |
| Products of Company: | Fast food company |
| Net Worth in 2023: | $170 billion |
McDonald’s is the world’s one of the most renowned fast-food companies. It is there in more than 100 countries, serving 69 million customers daily all over the world. McDonald’s is best known for its hamburgers. They sell various chicken products, cheeseburgers, milkshakes, French fries, soft drinks, wraps, and desserts, etc.
Perhaps you know a thing or two about McDonald’s, however, how well do you know about this Company? For instance, how old is this company? How about their origin, investments, earnings? In another case, McDonald’s might be a stranger, fortunately for you, we have compiled all you need to know about McDonald’s’s wiki, today’s net worth as of 2023, inception, evolution, achievements, and more facts. Well, if your all set, here is what I know.
Table of Contents
Inception
McDonald’s was founded in the year 1940 in San Bernardino, California by American siblings Richard McDonald and Maurice McDonald. The idea of ‘Speedee Service System’ was first introduced by the McDonald’s brothers in 1948.
Today’s McDonald’s is the updated version of the old McDonald’s. American entrepreneur Ray Kroc has modernized the siblings’ business. The existing corporation gives the McDonald’s funding credits to Kroc. The symbol of famous clown Ronald McDonald was first introduced in 1965 to attract young children.
The brothers fought for the control of their business against Ray Kroc, but they lost to him. Kroc purchased the company’s equity of the McDonald’s brothers later to make the company bigger. The restaurant in San Bernardino that was run by the brothers was torn down. In 1976, this was sold to the famous Mexican-style restaurant chain ‘Juan Pollo.’
Evolution
McDonald’s operates nearly 36,899 restaurants globally. It owned a significant portion in “Chipotle Mexican Grill” until 2006 when it was entirely divested through the stock exchange. McDonald’s also held ‘Aroma Cafe’ from 1999 to 2001. It owned ‘Donatos Pizza’ till December 2003. The company sold ‘Boston Market’ to an American investing firm ‘Sun Capital Partners’ on 27th August 2007.
The monthly sales of the company fell in 2012, for the first time in the last nine years. Nearly 184 restaurants in the United States closed down in 2015. McDonald’s signature product is ‘Big Mac’ which was introduced nationwide in 1968. A report states that the most expensive ‘Big Mac’ is sold in Switzerland while India sells the least expensive ‘Big Mac.’
Achievements
According to a report by ‘BBC,’ McDonald’s is the 2nd largest private employer after ‘Walmart.’ Nearly 1.9 million employees work for McDonald’s. It has expanded its business into several international markets. The company has become an emblem of globalization. McDonald’s offers ‘McRib’ sandwich occasionally. After Steve Easterbrook became the CEO of McDonald’s in 2015, the company has made its menu better organized.
McDonald’s Net Worth in 2023
As of 2023, McDonald’s has an estimated net worth of $170 billion. The company has made this fortune by selling fast food products all over the world since 1940. The credit of this massive net worth goes to the principal founders of the company. The company organizes ‘McHappy Day’ annually. It is a fundraising event for ‘Ronald McDonald House Charities’ to improve the health and well-being of children.
McDonald’s is the world’s largest restaurant company as stated in ‘Forbes Magazine.’ The prominence of McDonald’s has made it a public debate topic about consumer ethics, obesity, and corporate ethics. The company has extended its menu to encompass salads, smoothies, etc. after being criticized for serving non-healthy food. Currently, McDonald’s is headquartered in Oak Brook, Illinois.