Apoorva Mehta’s net worth over time
Only dates with a published estimate are shown. Nothing is filled in between. Tap or hover a bar to see the source.
See the numbers as a table
| Date | Estimate | Source |
| 2021 | $3.5 billion | Forbes World's Billionaires List 2021 |
| 2022 | $3.5 billion | Forbes World's Billionaires List 2022 |
| 2023 | $1 billion | Forbes World's Billionaires List 2023 |
| 2024 | $1 billion | Forbes World's Billionaires List 2024 |
| 2025 | $1.1 billion | Forbes World's Billionaires List 2025 |
| Oct 2026 | $1.1 billion | Forbes Real-Time Billionaires · Forbes real-time estimate |
Where the money comes from
These are the main sources of wealth named in the reporting we cite. No published source breaks the total into exact amounts, so we do not show percentages.
Apoorva Mehta’s fortune in real-life terms
Based on the Forbes Real-Time Billionaires estimate above. Median full-time U.S. pay is $65,416 a year ($1,258 a week, BLS, Q2 2026), before taxes. Typical (median) U.S. family net worth is $216,100 (Federal Reserve, 2025 Survey of Consumer Finances).
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Apoorva Mehta has an estimated net worth of $1.1 billion, according to Forbes Real-Time Billionaires, Apoorva Mehta profile (figures as of October 20, 2026). That is down from a peak of $3.5 billion.
Apoorva Mehta is an entrepreneur known for cofounding Instacart, the San Francisco grocery delivery company. He started the business in 2012 after earlier startup attempts, including a product aimed at social networking for lawyers. Y Combinator backed Instacart and helped the company raise $2.3 million. In the company’s early stretch, when orders came in without a shopper available, Mehta handled deliveries himself through Uber because he did not own a car.
Instacart made Mehta wealthy as the company grew and later went public on the Nasdaq under its legal name, Maplebear, in 2023. He ran the company as chairman and CEO for nearly a decade, stepped down as CEO in 2021, and left the chairman role in 2023. He still owns about 7% of Maplebear’s common stock and holds options for another 1%. Forbes put his net worth at $1.1 billion in 2025.
How Apoorva Mehta built his fortune
Most of Mehta’s wealth comes from Instacart, the grocery delivery firm he cofounded in 2012. The company became a major online shopping service for groceries and later entered the public market in 2023 as Maplebear. Mehta led the business for nearly a decade as chairman and CEO, then stepped back from those roles in 2021 and 2023. Even after leaving those posts, he kept a large ownership stake tied to the company’s stock.
His holdings are a big part of the picture. He still owns about 7% of Maplebear’s common stock and also has options to acquire another 1% of the company. Mehta also started Cloud Health Systems in 2022, a health-tech startup. Private investors valued that business at $200 million in 2022. Before Instacart, he worked on several startup ideas, including a social networking product for lawyers, but Instacart became the venture that made him rich.
What Forbes says about his net worth
Forbes has tracked a sharp swing in Mehta’s fortune over the past few years. It estimated his net worth at $3.5 billion in 2021 and again in 2022. By 2023, that estimate had dropped to $1 billion, and Forbes kept it at $1 billion in 2024. Those changes line up with how much of his wealth is connected to Instacart and his ownership stake in the public company behind the service.
The estimate moved up slightly after that. Forbes listed Mehta at $1.1 billion in 2025, and Forbes' real-time billionaires tracker also showed $1.1 billion as of October 20, 2026. His money story is still centered on equity, not salary. Alongside his Instacart stake, Cloud Health Systems adds another business to watch, though the main driver remains Maplebear stock and the options tied to it.
Career and money timeline
- 2008
He joined Amazon as a supply-chain engineer.
- 2010
He left Amazon and moved to San Francisco to become an entrepreneur.
- 2012
He cofounded Instacart and entered Y Combinator’s summer batch.
- 2021
He stepped down as Instacart’s CEO.
- 2022
He founded Cloud Health Systems, which investors valued at $200 million.
- 2023
Instacart went public on Nasdaq under its legal name, Maplebear.
Apoorva Mehta net worth FAQ
What is Apoorva Mehta's net worth?
Apoorva Mehta's net worth is an estimated $1.1 billion, according to Forbes Real-Time Billionaires, Apoorva Mehta profile (October 20, 2026). It is an estimate, not an official figure.
How did Apoorva Mehta get so rich?
The main sources named in the reporting we cite are: Grocery delivery service.
Is Apoorva Mehta a billionaire?
Yes. Forbes Real-Time Billionaires estimates Apoorva Mehta is worth $1.1 billion.
How has Apoorva Mehta's net worth changed?
The earliest published estimate we track is $3.5 billion (2021, Forbes World's Billionaires List 2021). The latest is $1.1 billion (October 20, 2026).
What company made Apoorva Mehta rich?
Instacart is the main source of his wealth. He cofounded the grocery delivery company in 2012 and still owns about 7% of Maplebear’s common stock plus options for another 1%.
What is Cloud Health Systems?
It is Mehta’s health-tech startup. In 2022, private investors valued the company at $200 million.
Sources
- Forbes Real-Time Billionaires, Apoorva Mehta profile (October 20, 2026)
- Forbes World's Billionaires List 2021, Apoorva Mehta profile (April 6, 2021)
- Forbes World's Billionaires List 2022, Apoorva Mehta profile (April 5, 2022)
- Forbes World's Billionaires List 2023, Apoorva Mehta profile (April 4, 2023)
- Forbes World's Billionaires List 2024, Apoorva Mehta profile (April 2, 2024)
- Forbes World's Billionaires List 2025, Apoorva Mehta profile (April 2025)
- U.S. Bureau of Labor Statistics, Usual Weekly Earnings (Q2 2026) (July 2026)
- Federal Reserve, 2025 Survey of Consumer Finances (median family net worth, Table 4) (October 2026)
- Background facts: Wikipedia, Apoorva Mehta (accessed October 22, 2026). Used for career facts only, never for figures.
Photo: Gabriel Hutchinson, CC BY-SA 4.0, via Wikimedia Commons.
Every number on this page is an estimate published by the source named next to it. We never fill in years with our own guesses. How we handle estimates.