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.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Door Dash , billionaires , fortunes , dwindle ,

   

Next In Business News

Ringgit seen to trade higher next week
Oil prices settle US$1 down as supply set to rise
Smoothing the way for EVs
Mah Sing records robust eight-month performance
MSM aims for 45,000-tonne grain sugar export to China
Opening the national electricity grid
Refinancing option likely
Malaysia Airlines at pivotal crossroads
Taking a leaf of electricity reforms from other countries
New CIMB Group CEO Novan upbeat about prospects for 2H24

Others Also Read