Food-Delivery Billionaires See Fortunes Swoon as Pandemic Ebbs
- Massive wealth reversals for DoorDash and Just Eat founders
- End of lockdowns, inflation hammering delivery firms’ shares
A DoorDash delivery bag at restaurant in Washington, D.C.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Early in the pandemic, as locked-down diners turned to ordering online, a new type of billionaire emerged: the food-delivery magnate.
The three co-founders of San Francisco-based DoorDash Inc. each amassed fortunes of $2.5 billion or more. Jitse Groen, who started European rival Just Eat Takeaway.com, racked up a $1.5 billion fortune.