Anthony Wedo Net Worth 2026: Ex-Buffets CEO, Undercover Boss

No reputable outlet publishes a net worth estimate for Anthony Wedo, so this page does not give one. The $40 million figure on an earlier version of this page, which also said $36.5 million in the same article, came from a content-farm page and has been removed. Wedo is a restaurant turnaround executive. He ran the KFC Southeast division for PepsiCo, built the largest Boston Market franchisee, led Einstein Bros. parent New World Restaurant Group, and was CEO of Buffets, Inc. (later Ovation Brands) from 2012 to 2015, when he went undercover on CBS's Undercover Boss.

What is Anthony Wedo's net worth?

There is no figure from Forbes, Bloomberg or Celebrity Net Worth. Most of the companies he led were private or owned by investors, and none published his pay or his stake. What the record shows is a long run of senior restaurant jobs, including chairman and CEO roles at companies with hundreds of millions of dollars in sales, plus at least one company he founded and sold. That points to substantial wealth, but it does not support any specific number.

Anthony Wedo yearly earnings, monthly income and salary

His pay has never been published. The old page listed about $980,000 a year, $83,000 a month and a daily income it gave as both $2,800 and $280. None of those figures had a source, so they have been removed. Buffets, Inc. and Ovation Brands did not disclose executive pay while he was CEO.

Where the money comes from

• PepsiCo and KFC: He joined PepsiCo early in its Senior Operations Designate program and rose to vice president and general manager of KFC's Southeast Division, overseeing more than 1,200 restaurants, 7,000 employees and $1 billion in revenue (Buffets, Inc. release).
• Mid-Atlantic Restaurant Systems: He founded this company, which became Boston Market's largest area developer and franchisee. Over four years it grew to 160 restaurants and over $250 million in annualized sales, and Boston Market later bought it (Buffets, Inc. release). This founder exit is the clearest source of personal wealth in the public record, although the price was not disclosed.
• New World Restaurant Group: He was chairman, president and CEO of this group, which had about 1,000 units, $750 million in system revenue and six brands including Einstein Bros., Noah's and Manhattan Bagel (Buffets, Inc. release).
• Mainline Capital Advisors: As CEO, he advised private equity firms and debt investors in the restaurant industry on deals and turnarounds (Buffets, Inc. release).
• Buffets, Inc. / Ovation Brands (2012 to 2015): Chief executive of the largest U.S. buffet restaurant operator.

Professional life

CEO of Buffets, Inc. and Ovation Brands

Buffets, Inc., based in Greer, South Carolina, named Wedo CEO on December 5, 2012. At the time it ran 347 restaurants in 35 states under brands including Old Country Buffet, HomeTown Buffet, Ryan's and Fire Mountain, plus 10 Tahoe Joe's Famous Steakhouse locations. It employed about 18,000 people. Chairman Rob Webster called him a proven brand turnaround leader (Buffets, Inc. release).

In October 2013, for the company's 30th anniversary, Wedo renamed it Ovation Brands and tested a redesigned "Main Street" format in the Denver market. It featured food-court style layouts, individually plated dishes and a "Make It Right" guarantee that he fronted in the advertising himself (RestaurantNews.com). In April 2014 he brought the relaunch to all 12 Old Country Buffet restaurants in the Minneapolis-St. Paul area, with 85 new recipes and new decor (PR Newswire).

Undercover Boss

Wedo appeared on the CBS reality series Undercover Boss on October 18, 2013. He worked as "Mike Davis" in HomeTown Buffet, Old Country Buffet and Ryan's restaurants, alongside servers, grill cooks and cashiers (RestaurantNews.com). The episode is still widely shared online and is the main reason many people search for his name.

Sale of Ovation Brands and departure

In March 2015 Ovation Brands said it was exploring strategic options, including a sale. In August 2015 Food Management Partners of San Antonio acquired it on undisclosed terms. With the deal, FMP ran about 500 restaurants with more than $1 billion in sales (Restaurant Business). Wedo told the Minneapolis/St. Paul Business Journal that he was no longer with the company. The paper noted that Ovation had once had 626 restaurants but had gone through bankruptcy twice and was about half that size (Minneapolis/St. Paul Business Journal).

Premier Restaurant Group

The old page described him as founder and chairman of Premier Restaurant Group, LLC. Business directories such as Dun & Bradstreet list him as chief executive of a Premier Restaurant Group Inc. (Dun & Bradstreet), but we found no press coverage of what the company does or how large it is.

Family and education

Anthony Wedo wife

The old page named his wife as Joan Irene Bender Wedo. We found no reliable source confirming this, so the name has been removed. His family life is private.

The old page also said he graduated from Cornell's Johnson Graduate School of Management and gave his age as 46 and his height as 5 feet 6 inches. We could not verify the degree, and the age is not possible for someone with a restaurant career going back more than 25 years by 2012. These details have been removed.

Net worth compared

Other restaurant leaders on this site include Charles Loflin of Pizza Patrón and Ben Leventhal, co-founder of Resy. See also Allie K Miller and Bjarne Stroustrup.

Why no figure is given

Wedo's wealth comes from executive pay and at least one company sale, none of which was disclosed. The Mid-Atlantic Restaurant Systems sale to Boston Market is the clearest source, but its price is not public. The later Ovation Brands sale happened after the company had gone through two bankruptcies and before any equity for him was reported. A reliable estimate would need numbers that have never been published, so this page reports the documented career instead.