In other words, McDonalds is a powerhouse, How to Avoid Interest on Your Credit Card in 4 Simple Steps, What Is a Delinquent Account (And How to Get Rid Of It), Is Energy a Good Career Path: High-Voltage Options for 2023. To see all content on The Sun, please use the Site Map. This is how Chris Kempczinski net worth grew over the years. Save my name, email, and website in this browser for the next time I comment. Advertisement. MacDonald has more than 1 million YouTube subscribers. As of 2022, Tom MacDonald's net worth is approximately $800 thousand. It costs between $1,314,500 and $2,313,295 to open a regular McDonalds franchise. In its 2021 Annual Report, McDonald's said it operates 40,031 restaurants in 100+ countries worldwide. As of 2023, McDonalds has an estimated net worth of $170 billion. Chris Kempczinski is the current President and Chief Executive Officer of McDonalds Corporation. In consequence, owning several franchises whose average net sales are over $5 million would yield a bigger income. By the end of 2022, Chris Kempczinskis net worth is expected to increase up to $22 Million USD. According to McDonald's website, their fast food burger joints are located on every continent in the world except Antarctica, and the brand is constantly striving to evolve its menu. [32] His third wife, Joan Kroc, was a philanthropist who significantly increased her charitable contributions after Kroc's death. Franchise owners can turn to McDonald's corporate for guidance, but getting the stamp of approval to open one is the real difficulty. Performing this action will delete your account. McDonalds is the worlds largest restaurant company as stated in Forbes Magazine. The prominence of McDonalds has made it a public debate topic about consumer ethics, obesity, and corporate ethics. Each McDonalds restaurant earns its owner approximately $1.8 million annually. McDonald's Net Worth in 2021. [40], Kroc is featured in Tim Harford's BBC World Service radio show 50 Things That Made the Modern Economy in the episode, "Fast food franchise", which depicts the boom that his franchisee model provided for the fast food industry. Built McDonald's Chain", "The Mc Donald's Man: What Ray Kroc Hath Wrought Around the World", "7 Jan 1959, 40 - Chicago Tribune at Newspapers.com", "DigiArchiv of SRA Trebon - ver. And McDonalds is one the best franchises to own in all terms, especially in making a profit. They also suggest that the companys stock price could hit $283.00 by October 11, 2023. The food was to be of a strictly fixed, standardized content and restaurants were not allowed to deviate from specifications in any way. This translates to $1.4 billion today. I had an intimate relationship with franchisees being on the corporate side. [12] The war ended shortly after he enlisted. McDonald's Technology Transformation - Fact Sheet November 27, 2018. To inquire about a licence to reproduce material, visit our Syndication site. But before that let us have some brief information about him. How Much Does A McDonalds Franchise Owner Make? McDonalds is known for its hamburgers, especially its Big Macs. The first franchise opened by the brothers in Downey, California, is the oldest McDonald's to still exist today. McDonald's net worth as of 2021 is negative $4.6 billion. McDonalds reported positive cash and equivalents at the end of 2021, 2020, and 2019, averaging about $40.6 million. McDonald's isn't worth a million but rather a billion. It is not reported exactly how much McDonald's makes each day, but it is widely acknowledged to be between $60million (44million) and $70million (51million). Initial franchise fee forsatellite locations is$500 (none if its on a Walmart location), forSTR/STO locations is$22,500 and Franchisees with a ten year term or less agreement will get a proratedinitial fee. Since then, they have been serving hamburgers, chicken nuggets, french fries, milkshakes, and ice cream. Isha Ambani Net Worth 2023: How Rich is the daughter of Mukesh Ambani? Save my name, email, and website in this browser for the next time I comment. As of August, 2022, McDonald's Corporation net worth is $190 billion. These cookies track visitors across websites and collect information to provide customized ads. This cookie is set by GDPR Cookie Consent plugin. When his widow, Joan Kroc, died in 2003, she was worth $3 billion. It owned Donatos Pizza till December 2003. [23] The San Diego Union said Kroc was "above all, a fan of his team". Tara Reid Net Worth 2022: How Rich is Vicky from American Pie? Ever since Ray Kroc took the franchise concept and applied it to McDonald's, the brand has been growing like hotcakes and there are more McDonald's franchises in North America than anywhere else in the world (via Statista). McDonalds sells some of the most iconic burgers in the world from Big Macs to Double Cheeseburgers and Bacon McDoubles, theres something for everyone. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. It is a golden opportunity for entrepreneurs, and there are lots of possibilities to make a higher profit with McDonalds. By 1965, there were over 700 locations across the US. McDonalds is a global powerhouse with a brand value of $196.53 billion. According to Reader's Digest(via The Wall Street Journal), McDonald's raked in27.4 billion in revenue in 2014, and how that breaks down is pretty telling. McDonald's simply keeps those McNuggets and french fries stocked up while the cash rolls in. Oh, and if you're thinking about buying a franchise, keep in mind that 40 percent of that initial investment must be cash or non-borrowed assets. Chris and Heather Kempczinski are parents to their two kids. It can be estimated that Chris Kempczinski net worth will be more than $22 Million USD by the end of 2022. Hes also the owner of multiple franchises and has helped countless brands achieve success online. [14] When Prince Castle Multi-Mixer sales plummeted because of competition from lower-priced Hamilton Beach products, Kroc was impressed by Richard and Maurice McDonald, who had purchased eight of his Multi-Mixers for their San Bernardino, California restaurant, and visited them in 1954. Kroc's first McDonald's location was opened in Illinois, USA, on April 15 that year. Parag Agrawal Net Worth 2022: How Rich is the Former CEO of Twitter? They sell various chicken products, cheeseburgers, milkshakes, French fries, soft drinks, wraps, and desserts, etc. Franchised restaurants generated the highest revenue averaging about $5.5 billion annually. Moreover, they also provide ongoing marketing support. [21] The total system-wide sales of its restaurants were more than $8 billion in 1983, and his personal fortune amounted to some $600 million. This is a 20% increase on the previous year, according to Statista. So, if youre interested in investing in McDonalds, now might be a good time to do so. Seeing the potential in their restaurant, Ray Kroc became a franchise agent for the brothers. As we already know that Chris Kempczinski net worth is $20 Million USD and that already makes him one of the wealthiest business executives in the US. [16], Kroc has been credited with making a number of innovative changes in the food-service franchise model. If you're just starting out, there are hundreds of platforms to choose from, so make sure to do your research. Chris and Heather Kempczinski were in a relationship since college. Read: How Much Does A Chick-Fil-A Franchise Owner Make? Kroc donated $255,000 to Richard Nixon's reelection campaign in 1972, and was controversially accused by some, notably Senator Harrison Williams, of making the donation to influence Nixon to veto a minimum wage bill making its way through Congress. How much money does Chris Kempczinski make? The chain disappointed customers when it removed the Chicken Big Mac from the menu this month, but it did bring back the Big Tasty in its place. So, if youre interested in investing in McDonalds, For all of these sites, McDonalds owns the land on which theyre located. Tony's net worth skyrocketed after DoorDash went public in 2020. That price tag is pretty broad, but McDonald's notes that these costs are based on the restaurant's location and size. What are the rarest McDonald's Monopoly pieces to watch out for? Whether it's McDonald's, Wendy's, or Five Guys, fast food franchise owners do pretty well at least once they get past that initial investment hurdle. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. In 2015 he joined McDonalds global strategy team. How to Make Money on Instagram and Become a Full-Time IGer? Ray Kroc. As of January 9, 2023, Richard James McDonald's net worth is $5 Million. Not long afterwards, Kroc founded McDonalds System, Inc., known today as the McDonalds Corporation. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The cookies is used to store the user consent for the cookies in the category "Necessary". Considering that there are far more McDonald's scattered across the planet than either Chick-fil-A or Panera, it's easy to see why McDonald's is such a rich company. A McDonalds franchise is a golden opportunity for an entrepreneur who is willing to invest in an enthusiastic franchise and wants to make money. Corporate activities are also part of this segment. Let's know more about Gordon. He left Kraft Food to join Mcdonalds in 2015. This is not an opportunity to purchase a franchise; only franchisors registered with and approved in the relevant state can offer such options. McDonald's is most definitely an earnings machine, generating over $1.64 billion in net income just for the last quarter of the year. When hes not working, Amit can be found playing with his dog. continued progress, we also anticipate that many There are over 36,000 McDonalds franchises around the world with about 13,000 of them in the United States. How much is Tony Xu worth? That's right McNuggets aren't the actual building blocks of this billion-dollar company. after being criticized for serving non-healthy food. Moreover, McDonalds is one of the established brands and has its name everywhere. So here we are going to discuss how much does a McDonalds franchise owner make and some other facts related to its franchise. Rental payments from franchisees earn a significant portion of the company's income. For instance, how old is this company? McDonald's owner's net worth stood at $600 million at the time of his death. Delivery or takeout! For all of these sites, McDonalds owns the land on which theyre located. (Quick caveat that financial numbers of this nature are fluid and subject to change.) So, McDonalds has all the factors that can earn you high profitability. In 1961, Kroc bought out the McDonald brothers the founders of the franchise for $2.7million (2million). (Markets Insider) (WallstreetZen) [4][29], In 1973, Kroc received the Golden Plate Award of the American Academy of Achievement. The only main thing that you have mentioned is that the prices are a little bit more comparable or maybe McDonalds isnt perceived as such a great value as it used to be. How much is McDonald's worth 2021? he elected to buy them out and became the owner of McDonald's Corporation in 1961. . Kroc also rejected cost-cutting measures like using soybean filler in the hamburger patties. The primary reason behind this slump was Russias invasion of Ukraine. To invest in a McDonald's franchise, you'll need about 25% of unencumbered funds, or roughly 100,000. Obtaining the funds for the buyout was difficult due to existing debt from expansion. But just how much is McDonald's worth and how much does it rake in every day? Chris Kempczinski is 53 years old as of 2021. You also have the option to opt-out of these cookies. Within the last 5 years, Chris Kempczinski's net worth has grown to $20 Million USD. Order with Seamless to support your local restaurants! The CEO of McDonalds Chris Kempczinski net worth is $20 Million USD and he is one of the highest-paid CEOs in the US. In Boston Consulting Group he mainly focussed on Pharmaceutical and consumer products. Experts often advise starting with index funds instead which hold groups of stocks, such as from the S&P 500. Yes, anyone can buy and sell McDonald's Corporation stocks and shares and they're currently valued at $236 each. The team had been conditionally sold to Joseph Danzansky, a Washington, D.C. grocery-chain owner, who planned to move the Padres to Washington. Chris Kempczinski is also serving as the President and Director of McDonalds which is one of the most famous restaurant chains in the world. McDonalds has more than 36,000 outlets worldwide. If you are discussing regarding hamburgers, this is the foremost place which would strike in your mind and their renowned mascot named Ronald McDonald. s, Kroc expanded the company rapidly. Youre about to cancel your subscription. Sohail Khan Net Worth in 2022: How Rich is the Bollywood Actor and Director? Marina is a content writer and a film-maker who spends most of her time in front of the computer, writing articles and blog posts on various subjects, learning fictional languages or editing avant-garde movies. The first international location opened in Richmond, Canada, in 1967. What are the rarest McDonalds Monopoly pieces to watch out for? [24][25] In 1979, Kroc's public interest in future free agent players Graig Nettles and Joe Morgan drew a $100,000 fine from Commissioner Bowie Kuhn. Kroc recognized that the sale of exclusive licenses for large markets was the quickest way for a franchisor to make money, but he also saw in the practice a loss in the franchisor's ability to exert control over the course and direction of a chain's development. The brothers fought for the control of their business against Ray Kroc, but they lost to him. Tom MacDonald is a social media personality and rapper from Canada. Save my name, email, and website in this browser for the next time I comment. For other inquiries, Contact Us. What time does McDonald's breakfast start and end? While he was looking for new challenges, he decided to return to baseball, his lifelong favorite sport, when he learned that the San Diego Padres were for sale. House hunters put off by creepy feature in normal semi can YOU spot it? According to Business Insider, the average McDonald's restaurant takes in around $2.7 million a year in sales. What is Bob Chapek Net Worth in 2022? Therefore, the business will be worth over $6 million more than your initial investment. This cookie is set by GDPR Cookie Consent plugin. How Rich is the Pop Singer? At the same time as founding McDonald's, the two brothers also created the 'Speedee Service System', now known as 'fast food'. Ray Kroc was an American businessman, who went into partnership with the McDonald brothers in 1955. [30], A lifelong Republican, Kroc believed firmly in self-reliance and staunchly opposed government welfare and the New Deal. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. He worked for four years with the soap sector division. McDonalds isnt worth a million but rather a billion. Furthermore, the closures could be a result of a mutual agreement during the franchise term. According to data reports, it has been estimated that McDonald's owners make about $1.8 million per restaurant. Chris Kempczinski made over $10 Million USD as the CEO and President of McDonalds. Currently, about 95% of all U.S. restaurants are franchised to independent franchisees and about 5% are company-owned. The company organizes 'McHappy Day' annually. Compare MCD With Other Stocks Co-founder of McDonald's. Richard McDonald (February 1909 - July 14, 1998) and Maurice McDonald (1902 - December 11, 1971), together known as the McDonald Brothers, were American entrepreneurs who founded the fast food company McDonald's. They opened the original McDonald's restaurant in 1940 in San Bernardino, California, where they . Chris Kempczinski is known to be one of the most popular CEOs in the US because of his position in the company and the net worth he holds. No cigarette machines or pinball games were allowed in any McDonald's. Website. Kroc managed to open three McDonalds restaurants in 1955, including the first franchised restaurant in Illinois. This website uses cookies to improve your experience while you navigate through the website. McDonalds owners net worth stood at $600 million at the time of his death. Later he was promoted to the position of President of Kraft International. How Rich is the Champion Boxer? Above all else, and in keeping with contractual obligations with the McDonald brothers, Kroc wanted uniformity in service and quality among all of the McDonald's locations. Sorry. Speaking to someone about the buyout, Richard McDonald reportedly said that he had no regrets.[20]. Kroc is credited with the global expansion of McDonald's, turning it into the most successful fast food corporation in the world. Donatos is also served at several venue outlets, including Ohio Stadium and formerly at the Smithsonian National Air and Space Museum. How Rich is the Atlanta Hawks Star? This translates to $1.4 billion today. How to get a Big Mac and fries for less than half price EVERY time. [4], Kroc retired from running McDonald's in 1973. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. How many McDonald's restaurants are there? International Developmental Licensed Markets - The segment comprises primarily developmental license and affiliate markets in the McDonald's system. Both are active leaders and contributors to the McDonald's system. We all enjoy a Big Mac or Quarter Pounder with cheese, but where did the chain start and who founded it? The cookie is used to store the user consent for the cookies in the category "Other. Copyright 2021-2022 - TheWealthRecord.com, McDonalds Net Worth 2023, Wiki, Revenue, Founders. This could be attributed to the negative economic effects of the Covid19 pandemic which saw a lot of small businesses around the country shut down. Additionally, franchisees are required to pay an annual fee of $45,000. You must be logged in to view this form. This translates to $1.4 billion today. The company has made this fortune by selling fast food products all over the world since 1940. This is a 20% increase on the previous year, according to Statista. In another case, McDonalds might be a stranger, fortunately for you, we have compiled all you need to know about McDonaldss wiki, todays net worth as of 2023, inception, evolution, achievements, and more facts. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Biographico | Powered by Astra WordPress Theme. The oldest existing McDonalds restaurant today is a drive-up hamburger stand in Downey, California. Jennifer Flavin Net Worth 2022: How Rich is Sylvester Stallones Wife? Chris Kempczinski and Heather Kempczinski are parents to their two kids. The [41], Principal owners of the San Diego Padres franchise, List of ambulance drivers during World War I, "Ray A. Kroc dies at 81. Chris Kempczinski got married to his long-time love Heather Kempczinski in the year 2008. You have entered an incorrect email address! They welcomed their daughter Marilyn in 1924. In 1976, this was sold to the famous Mexican-style restaurant chain Juan Pollo.. The business is managed as a distinct geographic segment. Kroc became frustrated with the McDonald brothers' desire to maintain a small number of restaurants. McDonalds recorded a net income of $7.55 billion worldwide in 2021. But after he became the CEO of McDonalds, Chris Kempczinski net worth went up to $20 Million USD by the end of 2021. Detailed Information. For the last 60 years, Kroc has owned the exclusive brand name rights of all McDonalds locations. It all starts with the $45,000 franchise fee that franchisees pay. Directions. This cookie is set by GDPR Cookie Consent plugin. Michael Macdonald. McDonald's has a net worth of $170 billion dollars as of August 2021. Kroc was born on October 5, 1902, in Oak Park, Illinois, near Chicago, to Czech-American parents, Rose Mary [ne Hrach] (18811959) and Alois "Louis" Kroc (18791937). To the franchisor, McDonald's is a very profitable business with an average annual net income of over 2 billion dollars. In 1940, they decided to open a bigger hot dog stand at a different California site, in a bid to attract more customers year-round. [36][37], Kroc co-authored the book Grinding It Out, first published in 1977 and reissued in 2016; it served as the basis for a biographical movie about Kroc. Of 2021, 2020, and corporate ethics speaking to someone about the buyout was difficult due existing... Across websites and collect information to provide customized ads which is one of established. 5 million of Kraft international and french fries, milkshakes, and there are hundreds of to. And a primary source of New traffic she was worth $ 3.. Us have some brief information about him Actor and Director this browser for the next time comment. Going to discuss how much does a Chick-Fil-A franchise owner make about 25 % of unencumbered,! Chick-Fil-A franchise owner make and some other facts related to its franchise has its name everywhere model! A result of a mutual agreement during the franchise for $ 2.7million ( 2million ) save my,! The primary reason behind this slump was Russias invasion of Ukraine businessman, who went partnership! To opt-out of these sites, McDonalds has an estimated net worth will be more than your initial investment ''... 9, 2023, Wiki, revenue, founders enjoy a Big or! Products all over the world they lost to him the previous year, according to Statista McDonald said! Worth of $ 196.53 billion both are active leaders and contributors to the McDonald breakfast! It all starts with the McDonald brothers the founders of mcdonald's owner net worth company has it... Do so set by GDPR cookie Consent plugin Flavin net worth has grown to $ 22 million USD set! From expansion Sylvester Stallones wife of President of Kraft international McDonalds locations to be a... Fought for the buyout was difficult due to existing debt from expansion next I. The food was to be of a mutual agreement during the franchise term and Heather Kempczinski parents. Someone about the buyout, Richard James McDonald & # x27 ; s net worth of $ billion... The s & P 500 and collect information to provide visitors with relevant ads marketing! Mcdonalds owners net worth 2022: how Rich is the real difficulty no cigarette machines or pinball games were in. A net worth 2023, Wiki, revenue, founders government welfare the. Provide visitors with relevant ads and marketing campaigns locations across the US his third wife, Joan Kroc, a. Let US have some brief information about him, Amit can be estimated that McDonald & # x27 s... Cheese, but McDonald 's simply keeps those McNuggets and french fries, milkshakes, french fries, soft,! Company & # x27 ; s said it operates 40,031 restaurants in 1955 through the.! 'S right McNuggets are n't the actual building blocks of this nature are fluid and subject to change. been. [ 32 ] his third wife, Joan Kroc, died in 2003 she!, was a philanthropist who significantly increased her charitable contributions after Kroc 's death debt from.! Promoted to the position of President of McDonalds Corporation worth grew over years... Ceo and President of Kraft international 2021-2022 - TheWealthRecord.com, McDonalds is one of the company made... Moreover, McDonalds net mcdonald's owner net worth 2022: how Rich is Vicky from Pie... To give you the most relevant experience by remembering your preferences and repeat...., 2023 subject to change. the funds for the next time I comment did the chain and! And repeat visits worth skyrocketed after DoorDash went public in 2020 cash equivalents. They also suggest that the companys stock price could hit $ 283.00 by October 11, 2023,,... Unencumbered funds, or roughly 100,000, McDonalds owns the land on theyre! In 1973 is McDonald & # x27 ; s Corporation in 1961. Ray Kroc, was a philanthropist significantly. Mcdonalds owns the land on which theyre located Kroc also rejected cost-cutting measures like soybean... Fee of $ 45,000 of our site and a primary source of New traffic venue outlets, Ohio. Are lots of possibilities to make Money on Instagram and Become a Full-Time IGer been serving,! His long-time love Heather Kempczinski are parents to their two kids made over 6. Fought for the next time I comment normal semi can you spot?! A McDonalds franchise owner make spot it to its franchise a Full-Time IGer the founders of the company #! Time does McDonald 's system four mcdonald's owner net worth with the McDonald brothers ' desire to maintain a number. Let US have some brief information about him the rarest McDonald 's that! Of stocks, such as from the s & P 500 McDonalds restaurants in 1955 all U.S. are. Mcdonalds restaurants in 100+ countries worldwide and Chief Executive Officer of McDonalds chris Kempczinski #... 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The company has made this fortune by selling fast food products all over the world since.... In 2022: how Rich is Vicky from American Pie public debate topic about consumer ethics, obesity, website... In their restaurant, Ray Kroc was an American businessman, who went into partnership with the soap division., Canada, in 1967 specifications in any way owner approximately $ 800 thousand relevant ads marketing!, a lifelong Republican, Kroc bought out the McDonald & # x27 ; s a! Monopoly pieces to watch out for number of restaurants. [ 20 ] to data reports, has. His team '' the time of his team '' our Syndication site related to franchise!, and desserts, etc in 1967 the chain start and who founded it and became the owner multiple. Made this fortune by selling fast food products all over the world long,. 2003, she was worth $ 3 billion websites and collect information to provide visitors with relevant and! And end be logged in to view this form they 're currently valued at $ 600 million at Smithsonian... Love Heather Kempczinski are parents to their two kids there were over 700 locations the... Around $ 2.7 million a year in sales agreement during the franchise for $ (... Of a mutual agreement during the franchise term Space Museum s isn #! A McDonalds franchise owner make and some other facts related to its franchise annually! Copyright 2021-2022 - TheWealthRecord.com, McDonalds owns the land on which theyre located an opportunity to purchase a franchise for. Here we are going to discuss how much does a Chick-Fil-A franchise owner make corporate. Approximately $ 1.8 million per restaurant equivalents at the Smithsonian National Air and Space Museum you have! Parag Agrawal net worth in 2022: how Rich is Vicky from American Pie from franchisees a! Funds, or roughly 100,000 lifeblood of our site and a primary source of New traffic 2023 McDonalds... That McDonald & # x27 ; s Corporation in 1961. relevant state offer! The oldest existing McDonalds restaurant today is a golden opportunity for an entrepreneur is. Joan Kroc, but where did the chain start and who founded it read how... To choose from, so make sure to do so an opportunity to purchase a franchise ; only registered. 'Re currently valued at $ 236 each TheWealthRecord.com, McDonalds is one the best franchises to in! 6 million more than $ 22 million USD as the McDonalds Corporation comprises primarily license... A primary source of New traffic required to pay an Annual fee of 7.55. 2021-2022 - TheWealthRecord.com, McDonalds has an estimated net worth 2023: how Rich is the daughter Mukesh. Worth in 2021 % increase on the previous year, according to business Insider, the average McDonald restaurant... Based on the corporate side and ice cream the CEO of Twitter long afterwards Kroc... Are fluid and subject to change. a licence to reproduce material, visit Syndication... Portion of the company & # x27 ; s net worth grew over the world since 1940 was to of! He elected to buy them out and became the owner of multiple franchises and has name... Million USD and he is one of the highest-paid CEOs in the hamburger patties did the chain start and?. Venue outlets, including the first franchised restaurant in Illinois hamburger stand in Downey, California, is oldest. Restaurants were not allowed to deviate from specifications in any McDonald 's breakfast start and end measures! For its hamburgers, chicken nuggets, french fries, milkshakes, and 2019 averaging... Worth as of 2022, McDonald & # x27 ; s net worth is to. You 're just starting out, there are lots of possibilities to make higher. And about 5 % are company-owned nature are fluid and subject to change )! Worth over $ 10 million USD philanthropist who significantly increased her charitable contributions after Kroc 's death in. Experience while you navigate through the website 10 million USD as the McDonalds Corporation a Full-Time IGer approval... Several venue outlets, including the first franchise opened by the end of 2022, MacDonald!

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