However, Forbes has estimated his net worth to be approximately $1.9 billion. NPR. Tony Xu is the CEO and co-founder of DoorDash, a technology company passionate about transforming local businesses and dedicated to enabling new ways of working, earning, and living. In just four years, DoorDash has become the industry standard for restaurant delivery, serving as the primary off-premise partner for the countrys most prominent chains including The Cheesecake Factory, Chipotle, Wendy's, P.F. What are the age, height, and weight of Tony Xu? [13][15], In December 2018, DoorDash overtook Uber Eats to hold the second position in total US food delivery sales, behind GrubHub. Xu Shang-Chi - Son. The company also said it had changed the default drop-off option to contactless delivery. He describes himself as an avid basketball fan and attributes his ability to learn English to the game and the media. Learn More about Tony Xu's net worth. 1. Tony Xu Xu's own story, like that of many founders, begins an ocean away. Tony Xu, CEO of DoorDash, is the Business Times' 2021 Executive of the Year. Humbled and honored to have won the CTO of the year at the 2022 Digital Masters Awards. Wiki, Biography, Age, Spouse, Net Worth, Fast Facts. This chart shows Tony Xu's buying and selling at DoorDash by year and by quarter. [38] This aspect of DoorDash's business practice is illegal in California. DoorDash can also be reached via phone at 650-487-3970 and via email at [emailprotected] Learn More on Tony Xu's contact information. [65][66] The company settled a lawsuit with District of Columbia Attorney General Karl Racine for $2.5million, with funds going to deliverers, the government, and to charity. Hes been named to Fortunes 40 under 40, 7. In Shang-Chi and the Legend of the Ten Rings, Tony Leung's Xu Wenwu is revealed to be the head of a shadowy international network dating back to the Middle Ages. He joined Invisible to gain personal protection while continuing his research. He is around 35 years old [Not Confirmed] as of 2020. [9][11], Xu co-founded the delivery platform DoorDash in 2013 with Stanford classmates Andy Fang, Evan Moore, and Stanley Tang; the group had previously worked together to launch the predecessor delivery service PaloAltoDelivery.com in 2012. His date of birth is 1985. Tony Xu has been getting a lot of attention lately from virtual entertainment venues such as Facebook, Instagram, Twitter and YouTube where he has a large following of supporters. Former England defender Rio Ferdinand says not enough is being done to combat online abuse and hate speech. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. DoorDash is America's largest food delivery service. His mother was the inspiration for DoorDash, 6. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Moderate. He was photographed at Monster Pho in Oakland. More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro. [83], In terms of delivery, DoorDash has an algorithm that plans routes automatically and can choose a faster route. Learn More on Tony Xu's age. With a 5.2 percent interest in DoorDash, CEO Tony Xu is the company's largest shareholder. DoorDash brings millions of meals from food banks to families via Project DASH, empowers underrepresented entrepreneurs through the Restaurant Accelerator and Accelerator for Local Goods, and provides work opportunities to millions of people, including Dashers. [35] By August 2022, the stock was trading at $82 per share. But it's too early to write off Klarna. Xu, whose food-delivery startup DoorDash has been valued at $700 million, says his entrepreneurial mom, Julie Cao, emigrated from China to the United States, getting her first . Mr. Xu earned a salary of $300,000.00, and other compensation of $297.00.There are 3 executives that earn more than Mr. Xu. 0. Eventually, he decided to return to education by taking a business course at Stanford. Truth be told, I find it hard to blame them. The life of a CEO might be a constant whirlwind of meetings and conference calls, but Xu makes sure to schedule some regular downtime to relax. January 31, 2021. He earned degrees from the University of California, Berkeley and Stanford University 's Graduate School . Founder of DoorDash, Inc., Tony Xu is Chief Executive Officer & Director at this company. Born prematurely in Nanjing, China, his parents decided to name him "Xun . [19], Xu has invested in the blockchain technology provider Alchemy,[20] as well as the ghost kitchens All Day Kitchens and Local Kitchens. Xu was born in the Chinese city of Nanjing on May 5, 1985. [7] His father was a professor in China who studied aerospace engineering and applied mathematics at the University of Illinois Urbana-Champaign,[1] where he earned his Ph.D.[7], Xu began working at an early age, at times washing dishes at the same restaurant where his mother worked. Tony Xu. The company is based in San Francisco, California. Tony Xu is one of our co-founders and has served as our Chief Executive Officer and as one of our directors since May 2013. [47] DoorDash expanded the service offerings in 2021 to include DoubleDash, which allows for orders from multiple merchants, and alcohol delivery in 20 U.S. states, the District of Columbia, Canada, and Australia. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. Tony Xu hasn't provided a bio yet. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. "[77] DoorDash and GrubHub denied the suit's merits. About Tony Xu. In 2021, Xu and his wife signed the Giving Pledge. Tony Xu is the CEO and co-founder of DoorDash, a technology company passionate about transforming local businesses and dedicated to enabling new ways of working, earning, and living. [75], In July 2021, DoorDash drivers went on strike to protest lack of tip transparency and to ask for higher pay. Recurring Shark. Like the iconic board game Monopoly, owning the best real estate is the way to win. Meta Platforms, Inc. Tony Xu, the creator of Doordash, is a multibillionaire Chinese-American businessman who was born in 1983. Tony Xu. Name. They have two children together. It also generated $1 billion in losses last year. On this Wikipedia the language links are at the top of the page across from the article title. Today, the company is also focusing efforts on an issue particularly important to Xu, using that same logistical expertise to reduce food waste with the recent launch of Project DASH. It delivers meals and more from 390,000 restaurants and other merchants like CVS. Xu is the organizer behind Alchemy, a blockchain innovation provider, as well as the phantom cafes All Day Kitchens and Local Kitchens. DoorDash Inc. is an American on-demand prepared food delivery service. [36], In May 2021, DoorDash was criticized for unauthorized listings of restaurants who had not given permission to appear on the app. DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. Tony Xu had a strong work ethic from an early age, but it wasn't until he met DoorDash's co-founders - and became a Domino's Pizza delivery driver to test out their theories - that it . DoorDash's initial public offering in 2020, which Xu has been credited for leading,[12] made him a billionaire at the age of 36. Tony Xu is a remarkable finance manager who has made extraordinary strides in his profession. [38], In August 2022, DoorDash announced it would end its partnership with Walmart in September, ending the companies' cooperation agreement from 2018. [21][22][23][24], By June 2020, DoorDash had raised more than $2.5 billion over several financing rounds from investors including Y Combinator, Charles River Ventures, SV Angel, Khosla Ventures, Sequoia Capital, SoftBank Group,[25] GIC,[26] and Kleiner Perkins. [79] By August 2019, the program had expanded to 25 cities in the United States and Canada and had delivered more than one million pounds of food. Tony Xu Age, height, weight Tony Xu was born on May 5, 1985 and is 37 years old from about 2022. Tony Xu is the CEO and co-founder of DoorDash, a technology company passionate about transforming local businesses and dedicated to enabling new ways of working, earning, and living. She later opened acupuncture and medical clinics in Champaign and the San Francisco Bay Area. After working on corporate development for the RedLaser e-commerce software, Xu began his career as an intern at Square, Inc., a startup in banking, finance, and digital payments. He and his co-founders started DoorDash to help local businesses like that restaurant succeed. Fighting for the underdog is part of who I am and what we stand for as a company. To get the insight scoop, Xu decided to take a job as a delivery driver with Dominos Pizza. The oldest executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who is 54 years old. [16] By March 2019, it had exceeded GrubHub in total sales, at 27.6% of the on-demand delivery market. He most recently served as a task director for McKinsey and Company and as a systems execution expert for applications such as eBay and PayPal. We have no more Information about his Father; we will try to collect information and update soon. [39], In late November 2022, DoorDash announced plans to layoff 1,250 corporate employees, or about six percent of their workforce. A year later, he decided he'd had enough of trying to teach his classmates and teachers how to pronounce his name. This site uses Akismet to reduce spam. Tony Xu (I) Tony Xu. See full bio . He started DoorDash to help small . Tony is the CEO and co-founder of DoorDash (NYSE: DASH), a technology company that connects consumers with their favorite local businesses in 27 countries across the globe, on a mission to grow and empower local economies. He continued from the University of California, Berkeley, and then concentrated on business at Stanford University Graduate School of Business. I feel noticeably better when I run., Xus family moved to the US after his father won a place on an engineering course at the University of Illinois. [70][71][72][73] The lawsuit seeks treble damages, including for overcharges, since April 14, 2016 for dine-in and delivery customers in the United States at restaurants using the defendants delivery apps. Xu enjoys running and has previously competed in marathons. Their hope is to make investments that will give dreamers and doers particularly those that are underfunded or are playing from behind the encouragement and luck necessary to maximize their potential and positively impact the world. ", "2021 Edison Trends U.S. Write Tony Xu' 1st recommendation. Tony Xu is known for being the Co-founder of Popular Start-up DoorDash which is an American on-demand food delivery service. The project presents another step towards the reality of digital clothing interoperability across the metaverse. He is Chinese by Nationality. We have no information about his girlfriend/boyfriend. Xu Xun, also known as Tony Xu, is a Chinese-American business magnate who helped found and serve as chairman of the food transportation organization DoorDash. Then you can join our Facebook Group named Influencers Meet Brands. Spotting a gap in the market, Xu and his fellow Stanford classmates, Stanley Tang, Andy Fang, and Evan Moore, set out to fill it. He is also the CEO of a travel company called Hopper. While many people who venture into the Disney Parks think of the service as a way to simply get their photo taken in front of the major park icons, theres a lot more to Disney PhotoPass than a click of the shutter button. If customers tip over a set amount for the order total, Doordash hides a portion of the tip until the delivery is complete. This week, food delivery giant DoorDash went public, seeing its share price skyrocket to $189 within days. Not much is known about his family and his personal Life. We started the company to really help small businesses, people like my mom, hes explained to vox.com. The corporate mailing address for Mr. Xu and other DoorDash executives is , , . jQuery(document).ready(function($) { He was named in Fortunes 40 Under 40 list in 2020. Tony has 2 jobs listed on their profile. [3], With a 56% market share, DoorDash is the largest food delivery company in the United States. Difficult. His testimony, including admissions that he stole money, is likely to hurt him in future trials. [17] By early 2019, DoorDash was the largest food delivery provider in the U.S., as measured by consumer spending. Tony Xu is the CEO and co-founder of DoorDash, a technology company passionate about transforming local businesses and dedicated to enabling new ways of working, earning, and living. DoorDash had its IPO in December 2020[2][3] making Xu's net worth an estimated $2.8 billion as of April 2021. So, she had to work three different jobs, one of which was at a restaurant, to save up enough money to open up a medical clinic, which she did after 12 years, and she now still runs in her 19th year. He was caught after one too many 'exploratory' trips into K&O servers, and spent time in a detention center as a result. Learn More on DoorDash's active insiders. Also, we have no idea about his brother and sister, and we dont know their names either. Since. DoorDash CEO, Tony Xu, considers recruiting to be one of his "superpowers." Since 2013, when he founded the food-delivery service, the company has grown from a small team of Stanford University . DoorDashs IPO in 2020 has expanded Tonys total net worth to this level. He holds a B.S. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Hisreal name is Xu Xun. Tony Xu, (born 1985 as Xu Xun) (Chinese: ), is a Chinese-American technology executive and the co-founder and CEO of DoorDash. Xu was born in Nanjing, situated in China. Facebook gives people the power to share and. [33][3][34] The price has seesawed from initial opening of $182[33] to a low of $112 in May 2021, a high of $257 in November 2021, to a new low of $58 in June 2022. Tony Xu is an inspiring, transparent, and intuitive leader that brings his work experiences, life experiences, and his overall inspiring and game-changing experiences to the table, and his pursuit for excellence has led him down various avenues. As the CEO of DoorDash, Inc., Mr. Xu earned a total compensation package of $300,297.00 in 2021. Learn More on Tony Xu's contact information. [5] Xu earned his Bachelor of Science degree in industrial engineering and operations research from Berkeley's College of Engineering[9] and his Master of Business Administration degree from Stanford's Graduate School of Business in 2013. The Estimated Net worth is $80K USD $85k. DoorDash, which employs about 350 people, is based in San Francisco. His Girlfriend/boyfriends name is Not Available. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. He has an extremely effective life both in family and profession. Tony Xu has not been actively trading shares of DoorDash over the course of the past ninety days. [74], On May 4, 2019, DoorDash confirmed 4.9 million customers, delivery workers and merchants had sensitive information stolen via a data breach. Drivers then only directly received the part of the tip that exceeded the guaranteed minimum per order. From . He was interviewed by Joy Huang, MBA '21, on February 9, 2021 as part of the View From The Top speake. In 2012, this meeting was the predecessor of the transport organization PaloAltoDelivery.com. Tony Xu Biography. She later opened needle therapy and wellness centers in Champaign and the San Francisco Bay Area. Xu was born in Nanjing, China. Tony Xu's largest sale order was 80,000 units, worth over . In February 2021, 55% of DoorDash's drivers were women. In 2013, he married his wife, Patti Xu, in church. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. [45] In June 2022, the company expanded into the Wellington Region of New Zealand. Tony Xu Net Worth - DoorDash CEO Salary. In 2022, a tentative settlement was reached in which DoorDash would pay $100 million total, with $61 million going to over 900,000 drivers, paying out just over $130 per driver, and $28 million for the lawyers. The IPO of DoorDash in 2020 increased Tonys net worth to this level. Tony Xu CEO & Co-Founder. Those who joined the platform after April 5, 2018, were unaffected by the breach. Its a company that focuses on direct to consumer delivery of modern furniture that is reasonably priced in original designs. Actor: In the Mood for Love. For most establishments, the costs of delivering food from their door to the customers made it unviable. His ethnicity is Asian. We cant say their name. In a message released to the public, Xu offered 17 weeks severance and 2023 . Later, he pursued an MBA from the Stanford Graduate School of Business. He has done a lot of things and held numerous positions in a, Read More 10 Things You Didnt Know about Gary GysinContinue, Maezawa Yusaku is a Japanese businessman. They purchased a total of 573,500 shares worth more than $49,963,096.52. Tony Xu Wife, marriage Tony Xu and his better half Patti Xu now live in San Francisco. This net worth approximation does not reflect any other investments that Mr. Xu may own. He has a date night with his wife every Friday, 10 Things You Didnt Know About Frederic Lalonde, 10 Things You Didnt Know About Maria Rioumine, 10 Things You Didnt Know about Anand Sambasivan, 10 Things You Didnt Know About Aamir Baig, 10 Things You Didnt Know about Gary Gysin, 10 Things You Didnt Know about Maezawa Yusaku, he later discussed with davidsnotes.substack.com, How Bebe Rexha Achieved a Net Worth of $10 Million, The 20 Worst Cities for Human Trafficking in the World, How Simu Liu Achieved a Net Worth of $4 Million, The 20 Best Chevy Muscle Cars of All-Time, How Lizzo Achieved a Net Worth of $40 Million. Read More . [48][49], In July 2019, the company's tipping policy was criticized by The New York Times, and later The Verge and Vox and Gothamist. In addition, he makes $300,297 as Co-Founder and CEO & Chair at DoorDash Inc. Mr. Xu is currently 38 years old. [9] He has described himself as an "avid" basketball fan,[27][28] and has credited the sport and television for helping him learn English.[10][29]. [19], In October 2019, DoorDash opened its first ghost kitchen, DoorDash Kitchen, in Redwood City, California, with four restaurants operating at the location. California DoorDash workers protested outside of the home of DoorDash CEO Tony Xu on Thursday, prompted by a recent California superior court judge ruling calling 2020's Proposition 22 . Starting with restaurants, DoorDash is building the infrastructure and logistics platform to allow any local merchant to deliver. Do you wanna know the Tony Xu's full Biodata? [5][26], Xu enjoys running and used to participate in marathons. According to his colleagues, Xus leadership style can be ruthless although as ft.com notes, unlike certain other notorious disrupters in Silicon Valley, he never fails to be fair. He is Chinese by Nationality. He depicts himself as an avid ball fan and lets his ability to teach English to the game and the media. Get notified the next time Tony Xu buys or sells DoorDash stock. Back in 2018, Xu took part in a question/ answer session at Quora (https://www.quora.com/profile/Tony-Xu). DoorDash launched in Palo Alto and, as of May 2019, had expanded to more than 4,000 cities and offered a 340,000 selection of stores across the US and Canada. (1 Vote) Very easy. [1][7] He has voting authority over all Class B shares, giving him control of DoorDash with 69 percent of the voting interest, as of December 2020. Exp Realty. His family moved to USA in 1980s and his mother also started a Chinese Restaurant. In 2013, he co-founded DoorDash, the on-demand food delivery company that on Wednesday announced it had filed for an IPO . Changs China Bistro and Dunkin Donuts, while also championing corner restaurants like the one Xu grew up in. Portfolio - The Vancouver Sun; Portfolio - MEC; Contact; Main; Bio; Portfolio; Portfolio - The Vancouver Sun; Portfolio - MEC He is around35 years old [Not Confirmed] as of 2020. He stands 1.69 m tall and weighs 72 kg. Meta today announced that Tony Xu, co-founder and CEO of DoorDash, Inc., has been elected to the company's board of directors, effective immediately. A year later, he decided hed had enough of trying to teach his classmates and teachers how to pronounce his name. Tony Xu and his Husband, Patti Xu Xu, live in San Francisco. [64] Under pressure, the company revised its policy. But are these incentives worth packing a moving van? Tony Chiu-Wai Leung. Current positions of Tony Xu. [5] In 1989, his parents immigrated to Champaign, Illinois. DoorDash is focused on being the restaurant industrys last-mile solution and has grown into a $700 million leader in the on-demand space. ghost kitchen startup debuts with a new name, new market and $20 million in new funding", "Ghost Kitchens Will Keep Appearing on Your Delivery App, Even as the Pandemic Eases", "Delivery's richest CEO Tony Xu has been quietly funding 2 ghost kitchens built by Uber Eats and DoorDash alums and his bets reveal the next big trend in the industry, experts say", "Asian American executives at DoorDash, YouTube, Facebook donated $10 million to support the AAPI community", "Endowed chairs and distinguished professorships", "Multimillion dollar gift to advance study of human computer interaction", "The Giving Pledge Welcomes 14 New Signatories", "Doordash's Founders Are Billionaires Now", "20VC: DoorDash CEO Tony Xu on The Art of Great Leadership Today, Why The Best Give All of the Credit and Take All of the Blame & How DoorDash Have Won The Best Talent Against the Toughest Competition", "DoorDash Becomes Official On-Demand Delivery Platform of NBA, WNBA, NBA 2K League", "DoorDash Becomes First-Ever On-Demand Delivery Platform of the NBA, WNBA and NBA 2K League", "Full Q&A: DoorDash CEO Tony Xu and COO Christopher Payne on Recode Decode", "In the Elevator With DoorDash CEO Tony Xu", https://en.wikipedia.org/w/index.php?title=Tony_Xu&oldid=1141205555, UC Berkeley College of Engineering alumni, University of California, Berkeley alumni, Articles containing Chinese-language text, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 23 February 2023, at 22:20. Insiders at DoorDash own 12.1% of the company. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. That is, Read More 10 Things You Didnt Know about Anand SambasivanContinue, Aamir Baig is the CEO of Article. The Mandarin is just one of the . Tony is followed by two additional co-founders. Xu met his co-founders at Stanford. When DoorDash went public in early 2021, its valuation soared to US$32 billion. It was founded in 2012. His answer revealed the personal philosophy that drives his success. (Podcast). Growing up, his mom worked as a server at a Chinese restaurant. PALO ALTO, U.S. -- Tony Xu, co-founder and CEO of U.S. food delivery giant DoorDash, has always had a need for speed. Additionally, Mr. Xu receives an annual salary of $300,300.00 as CEO at DoorDash.
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