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This question is about McDonald's.
Who owns McDonald's?
McDonald's Corp owns McDonald's. McDonald's Corp has majority ownership of McDonald's, controlling 70.06% of the company's outstanding shares. This interest is higher than almost any other company in the restaurant industry.
Brothers Richard and Maurice McDonald opened the first McDonald's in San Bernardino, California, in 1940. They developed their "Speedee Service System," which revolutionized the food industry and made McDonald's the first fast food restaurant.
McDonald's Corp credits its founding to franchised businessman Roy Kroc. The McDonald's siblings and Roy Kroc fought over control of the business until Kroc purchased the equity in the company from the McDonald's brothers for $2.7 million in 1955.
McDonald's is the world's largest chain restaurant, serving over 69 million customers in over 100 countries every day. It is also the world's second-largest employer with 1.7 million employees, only behind Walmart. As of 2020, the company had the ninth-highest global brand evaluation.
In 2021, McDonald's annual revenue was $23.223 billion.
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