Billionaires see fortunes dwindle as pandemic ebbs

Wrong direction: A food delivery courier for Grubhub on the move in New York at the height of the pandemic lockdowns. Like most other companies in that line of business, it has seen its fortunes go south as Covid-19 restrictions are lifted. — Bloomberg

NEW YORK: 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 US$2.5bil (RM11bil) or more. Jitse Groen, who started European rival Just Eat Takeaway.com, racked up a US$1.5bil (RM6.6bil) fortune.