Will Shu is an entrepreneur, co-founder, and CEO of the UK-based food delivery business, Deliveroo. Will has not only built this online food delivery company, Deliveroo but also expanded the business to over 200 cities in 12 countries. The expansion of the business over the years has helped Will to achieve an excellent figure of net worth. If are excited to know about Will Shu net worth, biography, and other exciting facts about this personality, you are at the right place.
|Full Name||William Shu|
|Date of Birth||December 1, 1979|
|Place of Birth||Connecticut, United States|
|Relationship Status||Not Known|
|Net Worth (July 2022)||$ 150 million|
Will Shu Net Worth:
As of July 2022, Will Shu net worth has reached more than $ 150 million. Deliveroo was first established in the UK. Later, the business has got expanded to several countries. However, throughout the journey, Will had to face significant market competition. In May 2019, Amazon proposed to take the ownership of a 16% stake in Deliveroo, yet the deal gets approved later in the summer due to concerns about market competition. It is expected that the connection between Amazon and Deliveroo will eventually boost the growth of the company.
Will and his childhood friend, Greg Orlowski founded this online food delivery business in 2013 in London. The revenue of Deliveroo comes from multiple sources, including food delivery, premium membership, and sign-up and service fees. Because of this revenue generation, the net worth of Will Shu is now estimated at $ 150 million.
According to some reports, Will has recently lost $144 million due to the drop in the price of the company stock. While in the initial public offering, Will observed his interest value in the company plummet to reach $ 474 million, because of the IPO boycott by the investors, his shareholding value gets lowered to $ 618 million.
Will Shu Biography:
Will Shu was born in Connecticut, America on December 1, 1979. He belongs to a Taiwanese family. In 2001, Will got his bachelor’s degree from Northwestern University. After completing his education, he started working as an investment banking analyst at Morgan Stanley in New York City. In 2010, he attended Wharton Business where he got an MBA in 2012. After getting his MBA degree, he decided to start a food delivery business along with his friend, Greg. However, in February 2016, Greg left the company for his family issue.
Quick Facts About Will Shu:
- Will Shu has not publicly revealed his relationship status. Therefore, we do not whether he is dating someone or not.
- The full name of Will is William Shu. He is one of the most famous entrepreneurs in the USA.
- As of July 2022, Will Shu net worth is approximately $ 150 million.
- Being an American citizen, Will grew up in Connecticut with his parents.
Despite the significant upsurge in market competition for online food delivery business, Will Shu is doing well to make sure that Deliveroo survives in this competitive market.