According to the GOBankingRates metric, McDonald's has a net worth of $36.5 billion. According to McDonald's latest financial statements, the company's assets are worth $36.5 billion. Included in that figure are $ 3.1 billion in cash and short-term investments, another $1.3 billion in accounts receivable, and $600 million in inventory, prepaid expenses, and other current assets. After taking accumulated depreciation into account, McDonald's plants, property, and equipment make up almost $23 billion.
When was McDonald's founded?
The McDonald's Corporation was founded in 1940 as a restaurant run by Richard and Maurice McDonald in San Bernardino, California. The Golden Arches logo was used for the first time in 1953 in Phoenix, Arizona, when the company changed their business to a hamburger stand.
In 1955, Ray Kroc, a businessman, joined the company. Later, he bought the chain from the McDonald brothers. The former global headquarters of McDonald's were in Oak Brook, Illinois, but the company moved to Chicago in June 2018.
McDonald's is the largest restaurant chain in the world. It serves over 69 million customers in over 100 countries each day. Rent, royalties, and fees are paid by the McDonald's Corporation's franchisees. Sales in company-operated restaurants also help pay these costs.
Two reports from 2018 credit McDonald's as the world's second-largest private employer, employing 1.7 million people. As of 2020, McDonald's is ranked ninth in the world for brand value.
Who was Ray Kroc?
Raymond Albert Kroc was an American businessman who was born on October 5, 1902, and died on January 14, 1984. He bought the company McDonald's in 1961 and was its CEO from 1967 to 1973. Kroc is credited with making McDonald's the most successful fast food company in the world.
Because of the company's rapid growth under Kroc, he has also been referred to as the founder of the McDonald's Corporation. He owned the San Diego Padres of Major League Baseball from 1974 to 1984 after retiring from McDonald's.
How many McDonald’s are there in the world?
There are over 38,000 McDonald's locations in over 100 countries according to the corporate website. By 2022, McDonald's, the second-largest private employer in the world, operates in more than half of the planet's countries on six different continents.
Some countries do not even have a single McDonald's. According to WorldAtlas, Bolivia, Ghana, Iran, Iceland, and Jamaica are some notable countries without any McDonald's restaurants.
Who is the CEO of McDonald’s?
Christopher John Kempczinski is the president and chief executive officer of McDonald's Corporation.
FAQs
Q. How much is McDonald's worth?
A. McDonald's has a net worth of $36.5 billion.
Q. Where is McDonald’s headquarters?
A. McDonald’s headquarters is in Chicago, Illinois, United States.
Q. How many McDonald's restaurants are there in the world?
A. McDonald’s has over 38,000 locations in over 100 countries.
Q. Who founded McDonald’s?
A. McDonald’s was founded by siblings Richard and Maurice McDonald, but later was turned into a franchise corporation and eventually bought by Ray Kroc.
