Photo: Two Colombians Make Forbes List of Newest Billionaires
A group many can only dream of some day being a part of has welcomed two Colombians, the billionaires club.
Forbes has added Alejandro Santo Domingo Avila and Woods Staton of Colombia to their “Billionaire Newcomers 2012” list.
Santo Domingo Avila, 35, was named the richest new billionaire in the world after taking over the Santo Domingo Group when his father, Julio Mario Santo Domingo Pumarejo, died in October 2011. As managing director at Quadrant Capital Advisors, an investment advisory firm, Santo Domingo Avila is said to have been preparing to take over for his father for a number of years.
Overall, he is listed at the 97th richest person in the world.
Also making the list of new billionaires is fellow Colombian Woods Staton, who in 2007 paid $700 million for the rights to operate McDonald’s restaurants throughout Latin American and the Caribbean. His Arcos Dorados, which means “Golden Arches” in Spanish, made him a billionaire in April 2011 after going public. The group now owns 1,775 restaurants in 20 countries.
He is listed as the 764th richest person.
Staton’s grandfather Albert Staton founded the company that now owns the bottling rights for Coca-Cola in Latin American, Panamerican Beverages.
And though he is not new to the billionaire club by any means, Mexico’s major mogul Carlos Slim Helu and family topped the list of overall billionaires, with an estimated worth of $69 billion. He topped the Forbes list for the third consecutive year.