Is Corona owned by Budweiser?

Both brands are owned by Anheuser-Busch InBev, a multinational conglomerate.

Is Corona still Mexican-owned?

No. Corona is owned by a multinational conglomerate.

What beer does Anheuser-Busch InBev own?

Brands that AB InBev owns include Budweiser, Stella Artois, Michelob, and Modelo Especial.

What beer does Constellation Brands own?

Constellation Brands distributes Corona, Modelo Especial, Negra Modelo, and Pacífico in the United States.

Who Owns Corona Beer? Largest Shareholders & More

Who Owns Corona Beer? Details of the Top Shareholders & Board of Directors

Key Points

AB InBev owns Corona globally except in the U.S., where Constellation Brands distributes it.
Major shareholders of AB InBev include Dodge & Cox and Fisher Asset Management.
Investors can buy AB InBev shares through a brokerage account using market or limit orders.

Corona, one of the top-selling brands of imported beer in the United States, is produced in Mexico. However, the brand's ownership is less clear, with two multinational corporations responsible for its brewing, importation, and distribution. Read on to learn more about the beer and its ownership.

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What is Corona?

Corona beer was introduced to the United States in 1979, but the beverage already had a lengthy history in Mexico. It was first brewed by Grupo Modelo in 1925.

Anheuser-Busch bought a minority stake in Modelo for in 1993 and had increased its stake to 50% by 2008 when it was taken over by Belgian brewer InBev. The new company, Anheuser Busch InBev (BUD +0.24%) became the world's largest brewer. It took over Modelo -- and ownership of Corona -- in 2012.

As part of the deal, an antitrust lawsuit filed by the U.S. Department of Justice forced AB InBev to divest Modelo's entire U.S. business. That included its beer licenses, a brewery in Piedras Negras on the Texas-Mexico border, and its interest in Crown Imports, which was responsible for distributing its beverages in the United States. The Modelo business was acquired in 2013 by Constellation Brands (STZ +2.90%).

The 2013 deal meant that Corona would be distributed by different corporations, with Constellation distributing the beverage in the United States, and AB InBev -- which also owns Stella Artois, Budweiser, and Michelob -- licensed to sell the beer in the rest of the world.

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Who are the largest Corona shareholders?

Since it's based in Belgium, AB InBev stock is traded primarily on the Euronext exchange, with secondary shares on the New York Stock Exchange (NYSE), as well as the Mexico and South Africa stock exchanges.

Major shareholders in the AB InBev NYSE stock as of late 2025 include:

Dodge & Cox, which holds about 38.5 million shares, worth about $2.5 billion.
Fisher Asset Management, which claims 10.7 million shares worth about $690.7 million.
Fidelity Investments, which holds nearly 7 million shares worth about $450.5 million.
The Manufacturers Life Insurance Company, with 6.99 million shares worth approximately $447 million.
Bank of America, which holds 3.3 million shares worth about $216.6 million.

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Who is on the board of directors for Corona?

AB InBev's board is composed of four independent directors; eight directors appointed by the Dutch foundation Stichting Anheuser-Busch InBev, which represents the interests of the Belgian founding families of the company and the interests of the Brazilian families who held AmBev shares, and three members appointed by the restricted shareholders.

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Source: AB InBev
NAME	ROLE	TENURE
Lynne Biggar	Independent director	Since 2023
M. Michele Burns	Independent director	Since 2016
Dr. Aradhana Sarin	Independent director	Since 2023
Dirk Van de Put	Independent director	Since 2023
Sabine Chalmers	Main shareholder representative	Since 2019
Paul Cornet de Ways Ruart	Main shareholder representative	Since 2016
Claudio Garcia	Main shareholder representative	Since 2019
Paulo Alberto Lemann	Main shareholder representative	Since 2016
Nitin Nohria	Main shareholder representative	Since 2022
Heloisa Sicupira	Main shareholder representative	Since 2023
Grégoire de Spoelberch	Main shareholder representative	Since 2016
Alexandre Van Damme	Main shareholder representative	Since 2016
Martin J. Barrington	Restricted shareholder representative	Since 2016
Salvatore Mancuso	Restricted shareholder representative	Since 2023
Alejandro Santo Domingo	Restricted shareholder representative	Since 2016

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Can you buy shares of Corona?

Corona is not a publicly traded company, so you cannot buy shares of the brand directly. To invest in Corona, you'll need to buy shares of either AB InBev (BUD) or Constellation Brands (STZ), depending on your market exposure. Both are listed on the NYSE and accessible through any standard brokerage account.

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FAQ

Who owns Corona? FAQ

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The Motley Fool recommends Constellation Brands. The Motley Fool has a disclosure policy.

Who Owns Corona Beer? Details of the Top Shareholders & Board of Directors

Key Points

What is Corona?

Who are the largest Corona shareholders?

Who is on the board of directors for Corona?

Can you buy shares of Corona?

FAQ

Who owns Corona? FAQ

Is Corona owned by Budweiser?

Is Corona still Mexican-owned?

What beer does Anheuser-Busch InBev own?

What beer does Constellation Brands own?

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What is Corona?

Who are the largest Corona shareholders?

Who is on the board of directors for Corona?

Can you buy shares of Corona?

Who owns Corona? FAQ

Is Corona owned by Budweiser?

Is Corona still Mexican-owned?

What beer does Anheuser-Busch InBev own?

What beer does Constellation Brands own?