Richard and Maurice McDonald opened a restaurant in San Bernardino, California, the year they started the McDonald’s Corporation, an American worldwide fast food franchise.
They changed the name of their company to a hamburger stand, and later converted it into a franchise. In 1953, the Golden Arches logo was first used at a restaurant in Phoenix, Arizona.
Businessman Ray Kroc (1902–1984) joined the organisation in 1955 as a franchise agent before going on to buy the chain from the McDonald brothers.
McDonald’s has went on to become the world’s largest hamburger chain, serving more than 70 million customers daily. But, how much is McDonald’s worth?
What is McDonald’s Net Worth?
As of September, 2022, McDonald’s net worth is $187.9 billion.
The company reported more than $23 billion in revenue and more than $7 billion in net profits this fiscal.
McDonald’s Net Worth History
In 2001, McDonald’s net worth was just $33.9 billion, which grown to $187.90 billion in 21 years.
McDonald’s Bussiness Model
All of the property where the company’s restaurants are located, which is worth between $16 and $18 billion, is owned by the business. The majority of the company’s income comes from franchisee rental payments. Between 2010 and 2015, these rent payments increased by 26%, making over one-fifth of the company’s entire revenue at the time.
The company said on November 10, 2015, at its investor conference that it would not spin off its U.S. properties into a prospective real estate investment trust, despite recent proposals to do so. According to CEO Steve Easterbrook, pursuing the REIT option would put the company’s economic model at an undue risk.
The shift of McDonald’s’ worldwide headquarters to Chicago’s West Loop neighbourhood in the Near West Side was officially announced on June 13, 2016. On the former site of Harpo Productions, a 608,000-square-foot structure that opened on June 4th, 2018, was constructed (where The Oprah Winfrey Show and several other Harpo productions taped).
McDonald’s Plaza, the old McDonald’s corporate headquarters complex, is situated in Oak Brook, Illinois. It is located where Paul Butler, the man who founded Oak Brook, once had his offices and stables. In 1971, McDonald’s relocated from an office in the Chicago Loop to a facility in Oak Brook.