Food-delivery billionaires see fortunes swoon as pandemic ebbs


A file photo of DoorDash founders (l-r) Andy Fang, Stanley Tang, Tony Xu and colleague Evan Moore in their office, Aug 21, 2013, in Palo Alto, California. Fang and Tang are no longer billionaires, and Xu’s net worth has fallen to US$1.1bil (RM4.83bil), according to the Bloomberg Billionaires Index. — Bay Area News Group/TNS

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 (RM10.98bil) or more. Jitse Groen, who started European rival Just Eat Takeaway.com, racked up a US$1.5bil (RM6.59bil) fortune.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Billionaires , food delivery

Next In Tech News

AI data centers are forcing dirty ‘peaker’ power plants back into service
Paramount's new offer for Warner Bros is not sufficient, major investor says
After power outage, San Francisco wonders: Can robot taxis handle a big earthquake?
Amazon's Zoox to recall 332 US vehicles over software error
Uber and Lyft plan to bring robotaxis to London in partnerships with China's Baidu
Vodafone CEO among UK bosses who see AI, cyberattacks as top 2026 risks
China delays plans for mass production of self-driving cars after accident
Malaysian students win gold at International Robot Olympiad with Mars-exploration robot concept
Leica rolls out firmware update for its SL-System and Q3 camera family
China’s weather superpower bid takes aim at top AI model dataset

Others Also Read