Woods Staton Net Worth

Woods started his career as the Joint Venture Partner for McDonald's in Argentina, before acquiring the President of the McDonald's South Latin America Division. Meanwhile, Woods worked in Panamco, the largest Coca-Cola bottler in Latin America that was founded by his grandfather. Eventually, he became Panamco's CEO. The first time McDonald's sought him out was

Age, Biography and Wiki

Birth PlaceArgentina
Age70 YEARS OLD
Net Worth:$1.7 Billion

💰 Net worth: $1.7 Billion (2024)

Woods started his career as the Joint Venture Partner for McDonald's in Argentina, before acquiring the President of the McDonald's South Latin America Division. Meanwhile, Woods worked in Panamco, the largest Coca-Cola bottler in Latin America that was founded by his grandfather. Eventually, he became Panamco's CEO. The first time McDonald's sought him out was in 1982, in order to open its first restaurants in Colombia, which was halted by guerrilla violence and import restrictions.

It was in 1985, when Staton accepted an offer to launch the chain in Argentina with the backing of McDonald's Chairman and CEO Fred Turner. This timing turned out to be a win-win combination. Ever since, the fast food chain expanded his duties to oversee Chile, Paraguay and Uruguay, and then Colombia, Ecuador, Peru and Venezuela. In 2007, Arcos Dorados (or "Golden Arches" in Spanish) gave McDonald's $700 million for the rights to conduct McDonald's both in Latin America and the Caribbean. Staton became a billionaire in April 2011, when the group that currently owns around 1,880 outlets in 20 countries and territories, debuted on the New York Stock Exchange.

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