McDonald's is the world's largest chain of hamburger fast food restaurants, serving over 64 million customers daily in 119 countries. It began in 1940 in San Bernardino, California and was founded as a corporation by Ray Kroc in 1955. McDonald's has over 33,000 locations worldwide owned by the corporation itself, franchisees, or affiliates. It has 1.5 million employees and generates revenue through franchise fees and sales in corporate-owned restaurants. The company is known for its iconic golden arches logo and uses of red and yellow colors.