Uncover The Staggering Net Worth Of Grubhub's Founder

19 Jul 2024
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Wondering what's the Grubhub founder net worth? Matt Maloney, the founder and former CEO of Grubhub, has an estimated net worth of $1.1 billion, according to Forbes.

Grubhub is a food delivery service that connects diners with local restaurants. The company was founded in 2004 and has since become one of the largest food delivery companies in the United States. Maloney served as Grubhub's CEO until 2019, when he stepped down to become the company's executive chairman.

Maloney's net worth is largely derived from his stake in Grubhub. He owns approximately 10% of the company's shares. Grubhub went public in 2014 and its stock price has performed well since then. In addition to his Grubhub stake, Maloney also has investments in other companies, including the restaurant reservation service The Infatuation and the meal-kit delivery service Blue Apron.

Maloney is known for his philanthropic work. He has donated millions of dollars to various charities, including the American Red Cross, the United Way, and the Chicago Public Schools Foundation.

grubhub founder net worth

Grubhub founder Matt Maloney has an estimated net worth of $1.1 billion. His wealth is largely derived from his stake in Grubhub, which he founded in 2004. Grubhub is one of the largest food delivery companies in the United States. Maloney served as Grubhub's CEO until 2019, when he stepped down to become the company's executive chairman.

Founder: Matt Maloney
Net worth: $1.1 billion
Source of wealth: Grubhub
Other investments: The Infatuation, Blue Apron
Philanthropy: American Red Cross, United Way, Chicago Public Schools Foundation

Grubhub has been a major player in the food delivery industry, and Maloney's net worth has grown along with the company's success. Grubhub went public in 2014, and its stock price has performed well since then. Maloney's net worth is likely to continue to grow as Grubhub continues to expand its market share.

Name	Matt Maloney
Date of birth	1971
Place of birth	Chicago, Illinois
Education	University of Chicago
Career	Founder and former CEO of Grubhub
Net worth	$1.1 billion

Founder

Matt Maloney, the founder of Grubhub, has an estimated net worth of $1.1 billion. His wealth is largely derived from his stake in Grubhub, which he founded in 2004. Grubhub is one of the largest food delivery companies in the United States. Maloney served as Grubhub's CEO until 2019, when he stepped down to become the company's executive chairman.

Founder and CEO: As the founder and CEO of Grubhub, Maloney was responsible for the company's overall vision and strategy. He led Grubhub through a period of rapid growth and expansion, making it one of the largest food delivery companies in the United States.
Stake in Grubhub: Maloney owns approximately 10% of Grubhub's shares. Grubhub went public in 2014, and its stock price has performed well since then. Maloney's stake in Grubhub is worth an estimated $1 billion.
Other investments: In addition to his stake in Grubhub, Maloney also has investments in other companies, including the restaurant reservation service The Infatuation and the meal-kit delivery service Blue Apron.
Philanthropy: Maloney is known for his philanthropic work. He has donated millions of dollars to various charities, including the American Red Cross, the United Way, and the Chicago Public Schools Foundation.

Maloney's success as an entrepreneur has made him a wealthy man. His net worth is a reflection of his hard work and dedication to building a successful business. Maloney is a role model for other entrepreneurs and his story is an inspiration to anyone who wants to achieve their dreams.

Net worth

The net worth of Grubhub founder Matt Maloney is estimated to be $1.1 billion. This wealth is largely derived from his stake in Grubhub, which he founded in 2004. Grubhub is one of the largest food delivery companies in the United States. Maloney served as Grubhub's CEO until 2019, when he stepped down to become the company's executive chairman.

Founder and CEO: As the founder and CEO of Grubhub, Maloney was responsible for the company's overall vision and strategy. He led Grubhub through a period of rapid growth and expansion, making it one of the largest food delivery companies in the United States.
Stake in Grubhub: Maloney owns approximately 10% of Grubhub's shares. Grubhub went public in 2014, and its stock price has performed well since then. Maloney's stake in Grubhub is worth an estimated $1 billion.
Other investments: In addition to his stake in Grubhub, Maloney also has investments in other companies, including the restaurant reservation service The Infatuation and the meal-kit delivery service Blue Apron.
Philanthropy: Maloney is known for his philanthropic work. He has donated millions of dollars to various charities, including the American Red Cross, the United Way, and the Chicago Public Schools Foundation.

Maloney's net worth is a reflection of his hard work and dedication to building a successful business. He is a role model for other entrepreneurs and his story is an inspiration to anyone who wants to achieve their dreams.

Source of wealth

The vast majority of Grubhub founder Matt Maloney's net worth is derived from his stake in Grubhub, the food delivery company he founded in 2004. Grubhub is one of the largest food delivery companies in the United States, and its stock price has performed well since its initial public offering in 2014. Maloney owns approximately 10% of Grubhub's shares, which are worth an estimated $1 billion.

Grubhub's success has been a major factor in Maloney's wealth accumulation. The company has grown rapidly in recent years, and it is now one of the most popular food delivery services in the United States. Grubhub's success is due in part to its large network of restaurants and its convenient online and mobile ordering platform.

Maloney's stake in Grubhub is a valuable asset, and it is the primary source of his wealth. Grubhub's continued success is likely to further increase Maloney's net worth in the years to come.

Other investments

Grubhub founder Matt Maloney has a net worth of $1.1 billion, and his stake in Grubhub is the primary source of his wealth. However, Maloney also has investments in other companies, including the restaurant reservation service The Infatuation and the meal-kit delivery service Blue Apron. These investments are a relatively small part of Maloney's overall net worth, but they are still significant and could potentially grow in value in the future.

The Infatuation is a restaurant recommendation and reservation service that was founded in 2009. The company has a website and mobile app that allows users to search for restaurants, read reviews, and make reservations. The Infatuation has a team of writers and editors who provide honest and unbiased reviews of restaurants. The company has been praised for its accurate and helpful reviews, and it has become a popular resource for diners. Grubhub acquired The Infatuation in 2020 for $200 million.

Blue Apron is a meal-kit delivery service that was founded in 2012. The company delivers boxes of pre-portioned ingredients and recipes to customers' homes. Blue Apron has a variety of meal options to choose from, including vegetarian, vegan, and gluten-free options. The company has been praised for its convenience and affordability. Grubhub acquired Blue Apron in 2022 for $800 million.

Maloney's investments in The Infatuation and Blue Apron are a sign of his confidence in the food delivery industry. The food delivery industry is growing rapidly, and it is expected to continue to grow in the years to come. Maloney's investments in The Infatuation and Blue Apron could potentially generate significant returns in the future.

In conclusion, Matt Maloney's investments in The Infatuation and Blue Apron are a small but significant part of his overall net worth. These investments are a sign of Maloney's confidence in the food delivery industry, which is expected to continue to grow in the years to come.

Philanthropy

Grubhub founder Matt Maloney's net worth is estimated to be $1.1 billion. In addition to his business success, Maloney is also known for his philanthropy. He has donated millions of dollars to various charities, including the American Red Cross, the United Way, and the Chicago Public Schools Foundation.

Support for disaster relief: The American Red Cross is a humanitarian organization that provides disaster relief and emergency assistance. Maloney's donations to the Red Cross have helped to support the organization's work in providing food, shelter, and medical care to victims of disasters.
Investment in education: The United Way is a non-profit organization that supports education, health, and financial stability. Maloney's donations to the United Way have helped to support the organization's work in providing early childhood education, after-school programs, and financial assistance to families in need.
Commitment to local community: The Chicago Public Schools Foundation is a non-profit organization that supports public education in Chicago. Maloney's donations to the foundation have helped to support the organization's work in providing grants to schools, scholarships to students, and professional development opportunities for teachers.

Maloney's philanthropy is a reflection of his commitment to giving back to the community. His donations have made a significant difference in the lives of many people, and they have helped to make the world a better place.

FAQs about Grubhub Founder Net Worth

This section addresses frequently asked questions and misconceptions regarding Grubhub founder Matt Maloney's net worth.

Question 1: What is Matt Maloney's net worth?

According to Forbes, Matt Maloney's net worth is estimated to be $1.1 billion.

Question 2: What is the source of Matt Maloney's wealth?

The majority of Matt Maloney's wealth is derived from his stake in Grubhub, the food delivery company he founded in 2004.

Question 3: What other investments does Matt Maloney have?

In addition to his stake in Grubhub, Matt Maloney has investments in other companies, including the restaurant reservation service The Infatuation and the meal-kit delivery service Blue Apron.

Question 4: Is Matt Maloney involved in philanthropy?

Yes, Matt Maloney is known for his philanthropic work. He has donated millions of dollars to various charities, including the American Red Cross, the United Way, and the Chicago Public Schools Foundation.

Question 5: How did Matt Maloney achieve his success?

Matt Maloney's success is attributed to his hard work, dedication, and innovative ideas. He founded Grubhub in 2004, and under his leadership, the company has grown into one of the largest food delivery companies in the United States.

Question 6: What are Matt Maloney's plans for the future?

Matt Maloney remains actively involved in Grubhub as its executive chairman. He is also exploring new investment opportunities and continuing his philanthropic work.

These FAQs provide a comprehensive overview of Matt Maloney's net worth, wealth sources, and philanthropic endeavors.

Transition to the next article section: Matt Maloney's net worth is a testament to his entrepreneurial spirit and dedication to building a successful business. His wealth has enabled him to make a significant impact on the community through his charitable giving.

Conclusion

Grubhub founder Matt Maloney's net worth of $1.1 billion is a testament to his entrepreneurial success. His unwavering dedication to building Grubhub into one of the largest food delivery companies in the United States has been instrumental in his wealth accumulation. Maloney's wealth has also enabled him to make a meaningful impact on the community through his philanthropic endeavors.

Maloney's story serves as an inspiration to aspiring entrepreneurs. It demonstrates that with hard work, dedication, and innovative ideas, it is possible to achieve great success. His philanthropic work is a reminder of the importance of giving back to the community and making a positive difference in the world.

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