Donald Thompson’s net worth amounts to
$20 Million
Donald Thompson: A Brief Biography
Donald Thompson, born on March 30, 1963, in Chicago, Illinois USA, is renowned as an engineer and business executive. His most notable role was serving as the president and chief executive of the McDonald’s Corporation from 2012 to 2015. Thompson commenced his career in 1985.
Have you ever contemplated how wealthy Don Thompson is as of early 2017? It has been estimated that Thompson’s net worth is a substantial $20 million, earned primarily through his successful career as a business executive. Thompson’s work as an engineer also significantly bolstered his wealth.
Don Thompson’s Net Worth – $20 Million
Raised in the vicinity of the Cabrini–Green housing project, Thompson’s academic brilliance surfaced early on. However, due to the crime that plagued the area during the ’60s and ’70s, his grandmother decided to relocate him to live with relatives in Indianapolis. There, Thompson attended North Central High School, subsequently obtaining a Bachelor of Science degree in electrical engineering from Purdue University in 1984.
Thompson initiated his career as an engineer at a military aircraft manufacturer, now a part of Northrop Grumman, where he remained from 1985 to 1990. In 1990, he joined McDonald’s specifically to design robotic equipment for food transport. Although initially hesitant to accept the job, he eventually seized the opportunity and returned to the suburbs of Chicago. Additionally, he became a participant in the company’s Black Career Development program, a commitment he has maintained to this day.
Rapidly ascending the corporate ranks, by 1992, he was already promoted to the position of Project Manager and Staff Director for the Quality Development department. In 1994, Thompson transitioned to Operations, where he served as a fry cook, shift manager, assistant manager, and co-manager of the South Chicago restaurant. Over the subsequent years, Thompson continued to progress, ultimately assuming the role of regional manager for the San Diego, California Region, comprising 350 restaurants. Subsequently, he ascended to the position of Senior Vice President of the Midwest Division, overseeing over 2,200 restaurants. His ascent continued as he became the president of the West Division, responsible for 4,000 units, consistently augmenting his net worth.
By 2005, Thompson had ascended to the position of Executive Vice President and concurrently held the role of Chief Operations Officer (COO) for all US restaurants. In August 2006, he was appointed as the President of McDonald’s USA and McDonald’s Restaurants of Canada. A year later, Thompson assumed the role of COO for the global corporation, ultimately succeeding Jim Skinner as President and Chief Executive Officer (CEO) of McDonald’s Corp in July 2012.
Facing a 4.1% decline in sales in 2014, Thompson resolved to resign from his CEO position, effective as of March 1, 2015. In the subsequent November, it was announced that Thompson would join the vegan meat alternative company Beyond Meat as a new member of the board of directors. Presently, he also serves on the board of directors of Northwestern Memorial Hospital, Catalyst, and Ronald McDonald House Charities.
Regarding his personal life, Don Thompson has been married to Elizabeth since 1988, and they have two children. They currently reside in Burr Ridge, Illinois.
