Will Shu Net Worth and BiographyApril 22, 2022
Will Shu Net Worth and Biography
William Shu (born December 1979 in Connecticut to Taiwanese parents.) is a UK-based American businessman, the co-founder and CEO of Deliveroo and online food delivery company with operations spread across more than 200 cities in 12 countries.
In 2001, Shu earned a bachelor’s degree from Northwestern University. His first job was with Morgan Stanley in New York City as an investment banking analyst in 2001. Shu returned to the United States in 2010 to attend business school and received an MBA from Wharton Business School in 2012.
In 2013, Shu founded Deliveroo with his childhood friend and software engineer Greg Orlowski. Shu had the idea to start Deliveroo while working in Morgan Stanley’s London office and seeing the lack of delivery options while working late nights. Shu worked as the company’s first delivery person, delivering food every day for the first eight months in order to understand the customer experience.
In February 2016, Orlowski, who had been working as Deliveroo’s chief technology officer, left “to spend more time with his wife in Chicago after the birth of their daughter”. Shu famously continues to work shifts as a Deliveroo driver, delivering food around London every few weeks.
How much does will Shu Worth?
Shu received criticism for raising his personal salary to £125,000 a year, a 22.5% increase, amidst a dispute over riders’ status and company losses in 2016. Administrative expenses, such as hiring new staff and a new London office, multiplied from £28.8m to £142.2m, resulting in a large loss.
How much does a Deliveroo driver make?
Shu gave out close to £4.5m in share bonuses to directors and hundreds of other head office staff. Deliveroo was one of many gig economy companies facing legal challenges over their business models in Britain. The case against Deliveroo involved 45 riders. Average Deliveroo Driver yearly pay in the United Kingdom is approximately £17,030, which is 25% below the national average.