How Rich is the McDonald’s Owner?
McDonald’s restaurants are everywhere! Found in 110 countries and servicing a whopping 68 million customers daily, it is the world’s most popular fast-food franchise. Not to mention, McDonald’s operators are quite lucky – McDonald’s profits hit more than $6.09 billion in 2019. But, who is the lucky person getting a slice of the sweet profits? Many people may be curious to know who the McDonald’s owner is and how much they are worth.
The Owner Who Started It All
McDonald’s was founded in 1954 and operated by two brothers, Maurice and Richard McDonald. However, the brothers soon had the help and advice of the McDonald’s Corporation’s first Chief Executive Officer, Ray Kroc. In 1961, Kroc purchased the rights to the McDonald’s concept from the McDonald brothers for $2.7 million. After purchasing the corporation, Kroc worked to expand the business, eventually taking it public and making himself the majority shareholder.
The Current McDonald’s Owner
Today, the majority shareholder behind McDonald’s has changed hands. The current majoriity owner of McDonald’s is Berkshire Hathaway, a wholly owned subsidiary of Warren Buffett’s holding company. Its current market value stands at well over $100 billion. In fact, Buffett’s company owns more than $40 billion of this total value, making a significant portion of his wealth. Despite being the majority owner of McDonald’s, Buffett is not the owner. Instead, Berkshire Hathaway owns the majority of outstanding McDonald’s stock, which mostly consists of institutional shareholders.
FAQs
Here are some frequently asked questions about who owns McDonald’s:
Q: Who was the original McDonald’s owner?
A: The original McDonald’s owner was Ray Kroc. He purchased the rights to the name and concept from the McDonald brothers for $2.7 million in 1961.
Q: Who is the current owner of McDonald’s?
A: The majority shareholder behind McDonald’s is Berkshire Hathaway, a wholly owned subsidiary of Warren Buffett’s holding company. Its current market value stands at well over $100 billion. Buffett’s company owns more than $40 billion of this total value.
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