Mastercard Inc. is an American multinational financial services company with its headquarters in the MIG Headquarters in Purchase, New York. O’Fallon, which is a city in St. Charles County, Missouri, is the location of the Global Operations Headquarters.
Throughout the world, its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the “Master card” brand debit, credit, and prepaid cards to make purchases. Master card Worldwide has been a publicly traded company since 2006. Before its initial public offering, Mastercard Worldwide was a cooperative owned by the more than 25,000 financial institutions that issue its branded cards.
Mastercard Ownership:
Mastercard, originally known as Interbank from 1966 to 1969 and Master Charge from 1969 to 1979, was created by an alliance of several regional bankcard associations in response to the BankAmericard issued by Bank of America, which later became the Visa credit card issued by Visa Inc.
It is owned by the Mastercard Foundation. With 11% ownership, the company is Master card’s largest stakeholder. With 7.8% of the company’s common stock, The Vanguard Group, Inc. ranks second among Mastercard’s shareholders.
It was established in 1966 and first went by the names Interbank and Master Charge before adopting its current moniker in 1979. It was initially created as a rival to Bank of America’s card, which later became known as Visa, by a group of regional bankcard associations.
In 2006, Mastercard became a publicly traded corporation.
The company was owned by Mastercard Worldwide prior to that time. Around 25,000 banks and other financial institutions jointly own Master card Worldwide, a global membership organization. Mastercard had 24,000 employees and annual revenue of $18.88 billion in 2021.
As it is a publicly listed company, it holds many owners. Here is a list of top shareholders:
| Stockholder’s name | Stake | Shares | Value |
|---|---|---|---|
| The Vanguard Group, Inc. | 7.63% | 73,145,835 | $20,798,286,724 |
| BlackRock Fund Advisors | 4.16% | 39,878,946 | $11,339,179,506 |
| SSgA Funds Management, Inc. | 3.52% | 33,726,304 | $9,589,737,279 |
| T. Rowe Price Associates, Inc. | 2.81% | 26,909,008 | $7,651,307,335 |
| Fidelity Management & Research Co. | 2.28% | 21,871,712 | $6,219,002,590 |
Net Worth Or Revenue:
It is a technology business. The company operates in the payments sector, which connects businesses, governments, financial institutions, merchants, and consumers. It provides payment options for commercial, payment, credit, debit, and prepaid program development and implementation. The company was established in 1966 and has its main office in Purchase, New York.
It has a net worth of $285.05 Billion.
| Company Name | Mastercard |
| Type | Public |
| Total assets | $37.67 Billion |
| Net income | $8.69 Billion |
| Revenue | $18.88 Billion |
| CEO | Michael Miebach |
| Total equity | $7.38 Billion |
| Net Worth | $285.05 Billion ($0.285 trillion) |