It is one of several technology companies.It uses logistics services to offer food deliveries from restaurants on-demand. [2] This week, food delivery giant DoorDash went public, seeing its share price skyrocket to $189 within days. Let's connect! The food delivery platform's initial public offering pushed Xu's net worth to approximately $3.1 . DoorDash CEO Tony Xu and co-founders Andy Fang and Stanley Tang have joined the billionaires club. In 2013, Xu helped found DoorDash with Stanford classmates Andy Fang, Evan Moore and Stanley Tang. On Daily Routines, we profile successful leaders, entrepreneurs, artists, executives and athletes to explore their routines, schedules, habits . [16][17][18], In January 2022, Tony Xu joined the board directors of Meta Platforms. The only reason I have clean clothes is that I trade chores with my wife: I do the dishes, and she does the laundry.. [77], In 2017, a class action lawsuit was filed against DoorDash for allegedly misclassifying delivery drivers in California and Massachusetts as independent contractors. Tony Xu CEO & Co-Founder. After graduating, he spent several years working in tech with the likes of McKinsey and eBay. The couple, who met in church, share a two-year-old daughter named Olivia. Fathers name is Not Available. It was really hard for a small business to know how many drivers they need. Xu enjoys running and has previously competed in marathons. It would be the same household chore thats a bugbear for the rest of us. (Podcast). [35] By August 2022, the stock was trading at $82 per share. In 2013, Xu co-founded DoorDash with Stanford classmates Andy Fang, Evan Moore, and Stanley Tang. Xu appreciates running and has recently competed in endurance races. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. But he hasnt done it with a traditional method. In 2013, he co-founded DoorDash, the on-demand food delivery company that on Wednesday announced it had filed for an IPO . In 2021, Tony Xu earned a modest annual compensation of around 300,000 USD. Actor. L-R: Stanley Tang, Tony Xu, and Andy Fang; Missing: Evan Moore. [20], In January 2020, it was reported that DoorDash had lied about skimming tips from its drivers, causing them to earn an average of $1.45 an hour after expenses, and that after the company had allegedly overhauled its tipping system, DoorDash was still manipulating per-delivery payouts at the expense of drivers. Later, he pursued an MBA from the Stanford Graduate School of Business. Ying Li - Wife; deceased. Changs China Bistro and Dunkin Donuts, while also championing corner restaurants like the one Xu grew up in. Mr. Xu is currently 38 years old. She later opened needle therapy and wellness centers in Champaign and the San Francisco Bay Area. "In the Elevator With DoorDash CEO Tony Xu". On this Wikipedia the language links are at the top of the page across from the article title. Xu met his co-founders at Stanford. Hisreal name is Xu Xun. Get notified the next time Tony Xu buys or sells DoorDash stock. [13][14], In 2020, Xu was included in Fortune's "40 Under 40" list. DoorDash's delivery system can learn on its own and change based on things like the number of delivery people, the time of day, and how much food is expected to be ordered.[84]. In 2021, Xu and his wife signed the Giving Pledge. Too much a liability for any self-respecting University, Xu was unemployable upon release. Also, we have no information about his son and daughter. Learn More on Tony Xu's age. The Mandarin is just one of the . Tony Xu was born on May 5, 1985, and as of 2022, he will be 37 years old. [29], In October 2020, the company launched its "Reopen for Delivery" program to have brick-and-mortar restaurants that have closed due to the COVID-19 pandemic partner with local ghost kitchen operators to offer food delivery- and pick-up-only service. in Industrial Engineering and Operations Research from the University of California, Berkeley and an M.B.A. from the Stanford Graduate School of Business. 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Among the questions asked was an inquiry into what advice hed offer young entrepreneurs looking to begin their own startups. Find out more as we take you through ten things you didnt know about Tony Xu. Truth be told, I find it hard to blame them. His height is 1.69 m, and he weighs 72 kg. [16] By March 2019, it had exceeded GrubHub in total sales, at 27.6% of the on-demand delivery market. My motto when making any decisionin work or lifeis to have the most fun and least regrets, he shared. Tony Leung Chiu Wai was born in Hong Kong on 27 June 1962. The strike occurred after DoorDash rewrote its code to cut off access to Para, a third-party app that drivers had been using to see the full tip amounts. January 11, 2022. In 2013, Xu accepted his four-year college degree in modern design and activity research from the University of California, Berkeley, and his graduate degree in business organization from Stanford Universitys Graduate School of Business. His mother's name Julie Cao was a specialist in China before moving to the United States of America where she worked in a cafe and rearranged many responsibilities to pay for her . + Add or change photo on IMDbPro . [37] The company was sued by Lona's Lil Eats in St. Louis, with the lawsuit claiming that DoorDash had listed them without permission, then prevented any orders to the restaurant from going through and redirecting customers to other restaurants instead, because Lona's was "too far away," when in reality it had not paid DoorDash a fee for listing. Xu is the organizer behind Alchemy, a blockchain innovation provider, as well as the phantom cafes All Day Kitchens and Local Kitchens. Tony Xu #0781298. Tony Xu is a remarkable finance manager who has made extraordinary strides in his profession. DoorDash is focused on being the restaurant industrys last-mile solution and has grown into a $700 million leader in the on-demand space. DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. "DoorDash, Inc. 2022 Annual Report (Form 10-K)", "Changes to the DoorDash Leadership Team", "DoorDash, the $13B on-demand food delivery startup, says it has confidentially filed for an IPO", "Which company is winning the restaurant food delivery war? In late 2012, Stanford University students Tony Xu, Stanley Tang, Andy Fang and Evan Moore were getting feedback on a mobile app for small business owners when a macaroon store owner told them of her challenges meeting demand for deliveries. The IPO of DoorDash in 2020 increased Tonys net worth to this level. His ethnicity is Asian. Tony Xu, MBA '13, is the cofounder and CEO of DoorDash. However, Forbes has estimated his net worth to be approximately $1.9 billion. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()), Katya Adler Wiki, Biography, Age, Spouse, Net Worth, Fast Facts, What is Alessia Rovegnos age? He was photographed at Monster Pho in Oakland. His father was a Chinese educator who received a Ph.D. in aeronautical design and applied science from the University of Illinois at Urbana-Champaign in the United States of America. 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. DoorDash's insider roster includes Prabir Adarkar (CFO), Shona Brown (Director), Andy Fang (Director), Gordon Lee (CAO), Alfred Lin (Director), Stanley Meresman (Director), Christopher Payne (COO), Tia Sherringham (General Counsel), Stanley Tang (Director), Tony Xu (CEO), and Keith Yandell (Insider). The project presents another step towards the reality of digital clothing interoperability across the metaverse. In the wake of watching the American TV series Whos the Boss?, in which Tony Danza takes on the role of Tony Micelli, he authoritatively changed his family name from Xu Xun to Tony Xu. Like the iconic board game Monopoly, owning the best real estate is the way to win. Before Starting DoorDash, Tony has worked in a few prominent companies like Product at Squareand McKinsey and Company. Tony Xu, the creator of Doordash, is a multibillionaire Chinese-American businessman who was born in 1983. 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Write Tony Xu' 1st recommendation. Born in Nanjing, China, Xu moved with his family to America at the age of five. Tony Xu, DoorDash. His testimony, including admissions that he stole money, is likely to hurt him in future trials. It Takes Two (simplified Chinese: ) is a 2012 Singaporean Chinese year-end blockbuster drama produced by MediaCorp TV.It stars Chen Hanwei, Yao Wenlong, Kym Ng, Ann Kok & Zheng Geping as casts of the series. Do you wanna know the Tony Xu's full Biodata? Learn More about insider trades at DoorDash. Jackson Norriss told Trevor Slattery that the real Mandarin wasn't happy that he appropriated his name and Slattery was to be taken to him to face his punishment. Discover the habits and routines of 50 of the world's most successful people with our latest ebook, Daily Routines. 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. [19], In October 2019, DoorDash opened its first ghost kitchen, DoorDash Kitchen, in Redwood City, California, with four restaurants operating at the location. Tony Xu is CEO/Co-Founder at DoorDash Inc. See Tony Xu's compensation, career history, education, & memberships. More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro. Over the past decade, hes gone from being a student to becoming the head of one of the fastest-growing companies in the US. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. One needs to be proactive before making investment decisions to avoid making a wrong decision. He began his calling as an understudy at an organization called Square Inc. Xu recently worked as an employee for organizations such as McKinsey and Company, eBay and PayPal. This article maps the current industry onto a traditional Monopoly board. His exact net worth is unknown. Shark Tank 's newest guest shark, DoorDash CEO Tony Xu, went from working in his mother's restaurant as a kid to co-founding a company that today is valued at more than $20 billion. But we are trying hard to collect all the information about him and will update you soon. As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. Eventually, he decided to return to education by taking a business course at Stanford. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. DoorDash CEO Tony Xu speaks with Emily Chang in the latest episode of Bloomberg's Studio 1.0 (Source: Bloomberg) Spotting a gap in the market, Xu and his fellow Stanford classmates, Stanley Tang, Andy Fang, and Evan Moore, set out to fill it. Now estimated to be worth close to $16 billion, DoorDash has made names of its founders, not least Xu, who currently presides over the company as its CEO. "[77] DoorDash and GrubHub denied the suit's merits. Career. 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. He was named in Fortunes 40 Under 40 list in 2020. His father was a Chinese teacher who earned a Ph.D. in aeronautical engineering and applied mathematics from the University of Illinois at Urbana-Champaign in the United States of America. Spoken Languages. Tony Xu and his Husband, Patti Xu Xu, live in San Francisco. On December 9, 2020, the company became a public company via an initial public offering, raising $3.37 billion. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. His date of birth is 1985. Tony Xu has not been actively trading shares of DoorDash over the course of the past ninety days. Then you can join our Facebook Group named Influencers Meet Brands. PALO ALTO, U.S. -- Tony Xu, co-founder and CEO of U.S. food delivery giant DoorDash, has always had a need for speed. So, we started the company wanting to help people like her., When the idea for Doordash was still in its infancy, Xu and his fellow founders were eager to learn as much about the food delivery business as possible. View Tony Xu's profile on LinkedIn, the world's largest professional community. Prior to the move, Xus mother had practiced medicine. My least favorite thing to do is the laundry, he tells lifehacker.com. [3], With a 56% market share, DoorDash is the largest food delivery company in the United States. If you dont know your numbers, hes going to ask you the same question five times in a row., If Xu was forced to name his least favorite thing, it wouldnt be boring meetings or never-ending conference calls. All Rights Reserved. He is known for being the co-founder and chief executive officer (CEO) of his company DoorDash. In 1982, after passing the training courses of TVB, Tony became a TV actor and became famous for his comedy style in such TV shows as Tales of a Eunuch (1983) or The. Most recently, Tony Xu sold 80,000 shares of the business's stock in a transaction on Tuesday, January 11th. In 2013, he married his wife, Patti Xu, in church. But we are sure that it is not available and his spouses name is not available. Fighting for the underdog is part of who I am and what we stand for as a company. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. [5] Xu continues to be CEO, and owns an approximately five percent stake in the company. This site uses Akismet to reduce spam. He is around35 years old [Not Confirmed] as of 2020. He was included in Fortune's "40 Under 40" list in 2020. with high honors in Industrial Engineering and Operations Research from UC Berkeley and an MBA from Stanford Graduate School of Business, where he was an Arjay Miller Scholar. Regardless of whats happening at work, he always makes sure to clear a space in his calendar on a Friday evening to enjoy a date night with his wife. His mother was the inspiration for DoorDash, 6. [38] This aspect of DoorDash's business practice is illegal in California. [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. CEO Tony Xu told employees that 1,250 corporate workers would be let go as part of a broader cost-cutting initiative. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. Back in 2018, Xu took part in a question/ answer session at Quora (https://www.quora.com/profile/Tony-Xu). 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 . Founder of DoorDash, Inc., Tony Xu is Chief Executive Officer & Director at this company. He holds a B.S. [4] He and his wife Patti are signatories to the Giving Pledge. His family moved to USA in 1980s and his mother also started a Chinese Restaurant. That kind of thing doesnt go unnoticed, as Xu himself learned when he earned a place on Fortunes prestigious 40 under 40, an annual round-up of the most influential people under the age of 40. In 1989 his parents emigrated to Champaign, Illinois, in the United States of America. . But it's too early to write off Klarna. The friendship would later take on a professional bent when they joined forces to found DoorDash in 2013. At the time of the strike, and as of June 2022, DoorDash did not allow drivers to see the full tip amounts prior to accepting a delivery in the app. The Estimated Net worth is $80K USD $85k. [7][8][9][10], In late 2012, Stanford University students Tony Xu, Stanley Tang, Andy Fang and Evan Moore were getting feedback on a mobile app for small business owners when a macaroon store owner told them of her challenges meeting demand for deliveries. 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. DoorDash exists today to empower those like my Mom who came here with a dream to make it on their own. [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. NPR. [27], In April 2020, during the COVID-19 pandemic, DoorDash announced it had "stockpiled tens of thousands of gloves and bottles of hand sanitizer" and was offering them to delivery drivers for free. Leadership is all about finding the best talent and making an. Save my name, email, and website in this browser for the next time I comment. [78][9] Gizmodo criticized the settlement, noting that the $413 million that DoorDash CEO Tony Xu received the previous year was one of the largest CEO compensation packages of all time. Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. Tony Xu Biography. Pulling on a pair of sneakers and hitting the pavements. DoorDash's fourth co-founder, however, is largely overlooked. As a first-generation American who grew up working in his moms restaurant, Tony started DoorDash to help small business owners succeed. Xu keeps his position as CEO and claims about 5% of the organization. Related by financial asset: DoorDash, Inc. On June 7, 2021, Alex Murdaugh called police to report that he had discovered the bodies of his wife and son. See full bio . The most recent insider tranaction occured on February, 23rd when Director Stanley J Meresman sold 15,000 shares worth more than $865,050.00. Tony Xu at Bloomberg News "DoorDash: Tony Xu". 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. ] DoorDash and GrubHub denied the suit tony xu biography merits creator of DoorDash, Inc., Tony worked... Xu earned a modest annual compensation of $ 297.00.There are 3 executives that earn more than $ 865,050.00 blame.. At UC Berkeley in Industrial Engineering and Operations Research from the article title employees! Do is the way to win Xu moved with his parents emigrated to Champaign, Illinois, the! Who grew up in he spent several years working in tech with the likes of McKinsey and.... Pair of sneakers and hitting the pavements $ 3.37 billion trading shares the! Ten things you didnt know about Tony Xu & # x27 ; 1st recommendation like Product at McKinsey. 16 ] By August 2022, he shared food deliveries from restaurants.... 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Deliveries from restaurants on-demand Biography Xu was included in Fortune 's `` 40 40... Doordash stock and hitting the pavements a two-year-old daughter named Olivia denied the suit merits!
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