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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.

A DoorDash delivery bag at restaurant in Washington, D.C.

Photographer: Andrew Harrer/Bloomberg
Updated on

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.