[11][12][13], In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. [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. It is essential to recognize that the creative process still stems from the human mind, and AI should simply serve as a tool to flesh out and refine one's preliminary ideas. Tony Xu is known for Entrapment (1999), Spy Game (2001) and On Dangerous Ground (1996). We connect brands with social media talent to create quality sponsored content. His height is 1.69 m, and he weighs 72 kg. It would be the same household chore thats a bugbear for the rest of us. 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Those who joined the platform after April 5, 2018, were unaffected by the breach. 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? DoorDash, which employs about 350 people, is based in San Francisco. in Industrial Engineering and Operations Research from the University of California, Berkeley and an M.B.A. from the Stanford Graduate School of Business. DoorDash CEO Tony Xu and co-founders Andy Fang and Stanley Tang have joined the billionaires club. Xu owns 4.6% of the delivery giant while cofounders Andy Fang, 28 . [74], On May 4, 2019, DoorDash confirmed 4.9 million customers, delivery workers and merchants had sensitive information stolen via a data breach. It is currently telecast on Singapore's free-to-air channel, MediaCorp Channel 8.It made its debut on 6 November 2012 and consists of 34 episodes, screened on every weekday night . Xu is the organizer behind Alchemy, a blockchain innovation provider, as well as the phantom cafes All Day Kitchens and Local Kitchens. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. Initially, Tony along with his classmates started with an Idea of food-delivery app which will help small business owners. Tony Xu Biography. A year later, he decided he'd had enough of trying to teach his classmates and teachers how to pronounce his name. Wiki, Biography, Age, Spouse, Net Worth, Fast Facts. 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. It just means a really, really high standard. Xu has crammed a lot into an incredibly short space of time. Meta Platforms, Inc. [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. Growing up, his mom worked as a server at a Chinese restaurant. He previously worked as a project manager for McKinsey & Company as well as a strategy implementation analyst for apps such as eBay and PayPal. On 9th December 2020, his company launched IPO, which made him a billionaire at such an early age. Tony received a Bachelor of Arts degree from Amherst College and a Master of Business Administration from MIT Sloan. Master of Business Administration, Stanford Graduate School of Business; Bachelor of Arts/Science, University of California, Berkeley. Tony Xu, DoorDash. 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. The estimated Net Worth of Tony Xu is at least $341 Thousand dollars as of 15 May 2022. The result was DoorDash, a company thats grown from tiny beginnings into the USs leading third-party food delivery provider. 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. January 31, 2021. It also generated $1 billion in losses last year. DoorDash exists today to empower those like my Mom who came here with a dream to make it on their own. Insiders at DoorDash own 12.1% of the company. Jan. 12, 2018 11 AM PT. Liked by Tony Xu. The food delivery platform's initial public offering pushed Xu's net worth to approximately $3.1 . Born prematurely in Nanjing, China, his parents decided to name him "Xun . His motto is to have fun and no regrets, 8. Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. DoorDash is focused on being the restaurant industrys last-mile solution and has grown into a $700 million leader in the on-demand space. They are in relation from previous few years of a strong relationship. [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 hasn't provided a bio yet. Most recently, Tony Xu sold 80,000 shares of the business's stock in a transaction on Tuesday, January 11th. Mr. Xu owns 80,000 shares of DoorDash stock worth more than $4,372,800 as of February 28th. Information on this page was last updated on 2/23/2023. [3], With a 56% market share, DoorDash is the largest food delivery company in the United States. Tony Xu (I) Tony Xu. Mr. Xu is currently 38 years old. When DoorDash went public in early 2021, its valuation soared to US$32 billion. 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. Spoken Languages. This article maps the current industry onto a traditional Monopoly board. [11], In addition to DoorDash's board of directors,[15] Xu is a board member of the Silicon Valley Chinese Association Foundation and an executive council member of TechNet. Tony Xu Xu's own story, like that of many founders, begins an ocean away. Additionally, Mr. Xu receives an annual salary of $300,300.00 as CEO at DoorDash. But we are trying hard to collect all the information about him and will update you soon. As of 2020, it holds the largest market share in the USA. DoorDashs IPO in 2020 has expanded Tonys total net worth to this level. Facebook gives people the power to share and. [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 CEO. [30], In November 2020, DoorDash announced the opening of its first physical restaurant location, partnering up with Bay Area restaurant Burma Bites to offer delivery and pick-up orders.[31][32]. 2023 Forbes Media LLC. Tony Xu, the creator of Doordash, is a multibillionaire Chinese-American businessman who was born in 1983. Fighting for the underdog is part of who I am and what we stand for as a company. Pronunciation of Tony Xu with 1 audio pronunciations. Tony Xu's Phone Number and Email Last Update. As the CEO of DoorDash, Inc., Mr. Xu earned a total compensation package of $300,297.00 in 2021. Career. In the last year, DoorDash insiders bought shares 2 times. Tony, 36, became a billionaire as a result of the profitable public sale, and he now owns over 5% of the firm, according to CNBC. Tony Xu, CEO of DoorDash, is the Business Times' 2021 Executive of the Year. [10][70][71][72][73] Although several preliminary documents in the case have now been filed, a trial date has not yet been set. He is also the CEO of a travel company called Hopper. [76][8], In August 2021, the city of Chicago sued DoorDash and GrubHub. [1][10], Early in his career, Xu interned at the financial services and digital payments company Square, Inc. and completed business development work for the e-commerce app RedLaser. Twitter View on Twitter. Tony Xu says AB5 would have disastrous results if implemented. The Mandarin is just one of the . "[77] DoorDash and GrubHub denied the suit's merits. So, whats his favorite way to clear his mind? In 2021, Tony Xu earned a modest annual compensation of around 300,000 USD. [40], DoorDash began expanding into international markets in 2015, launching in Toronto, Canada. The U.S. airline industry today consists of four huge carriers plus a host of lower-cost airlines. She later opened acupuncture and health centers in Champaign and the San Francisco Bay Area. He joined Invisible to gain personal protection while continuing his research. Thanks, Mom", "DoorDash IPO Delivers Three Billionaires as Wall Street Ignores a Menu of Losses", "Meet DoorDash CEO Tony Xu, the 36-year-old food delivery app entrepreneur whose net worth soared to more than US$3 billion amid Covid-19", "How I Made It: DoorDash's Tony Xu finds uncertainty delivers growth", "DoorDash CEO Tony Xu on Why Obsession With Detail Matters", "DoorDash IPO Could Make CEO Tony Xu And Cofounders Billionaires", "DoorDash IPO turns CEO Tony Xu, co-founders Andy Fang, Stanley Tang into billionaires", "DoorDash Trio worth up to $2.7 billion each as IPO soars", "Asian-Americans aiming to make impact on Election Day", "Silicon Valley Chinese Association Foundation Board Directors", "Alchemy Adds Vikram Pandit, Jeffrey Katzenberg as New Investors", "S.F. As of 2023, the estimated net worth of Tony Xu ranges between 1.5-2.5 billion USD. In a news release, Mark Zuckerberg described Xu as "a great tech leader" who "has direct experience in both running a tech company and solving complex challenges in commerce." "Tony has built a great service for millions of . Xu married his wife Patti shortly after launching DoorDash. 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. DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. See full bio . He and his younger sister were raised by their mother after his father left them. [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. Julie Cao, his mother's name, was a doctor in China before moving to the United States of America, where she worked at a restaurant and shuffled many jobs to pay for her medical . In 1989, his parents relocated to Champaign, Illinois, in the United States of America. [38], In August 2022, DoorDash announced it would end its partnership with Walmart in September, ending the companies' cooperation agreement from 2018. His mother was the inspiration for DoorDash, 6. [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. Recurring Shark. Title. Tony Xu, also known as Xu Xun is an Entrepreneur. [39], In late November 2022, DoorDash announced plans to layoff 1,250 corporate employees, or about six percent of their workforce. [13][15], In December 2018, DoorDash overtook Uber Eats to hold the second position in total US food delivery sales, behind GrubHub. [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. If customers tip over a set amount for the order total, Doordash hides a portion of the tip until the delivery is complete. "As a recently IPOed company, DoorDash has failed to provide a governance . 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. 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. Moderate. Despite the pressure of running DoorDash, Xus priority is clearly his family. Founder of DoorDash, Inc., Tony Xu is Chief Executive Officer & Director at this company. 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. Aanika Biosciences has married the worlds of synbio and insurance to provide companies security to innovate freely. PALO ALTO, U.S. -- Tony Xu, co-founder and CEO of U.S. food delivery giant DoorDash, has always had a need for speed. Humbled and honored to have won the CTO of the year at the 2022 Digital Masters Awards. He hails from Nanjing, China. In 2013, Xu co-founded DoorDash with Stanford classmates Andy Fang, Evan Moore, and Stanley Tang. Now, his relationship is perfect. Earlier in his career, Xu interned at Square, Inc., and worked for McKinsey & Company, eBay, and PayPal. [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]. He is Chinese by Nationality. Across America, smaller cities and less-populated states are offering cash and perks to lure remote workers away from big metropolitan areas. 2 /5. Rate the pronunciation difficulty of Tony Xu. [6], DoorDash has been criticized and sued for withholding tips, reducing tip transparency, antitrust price manipulation, listing restaurants without permission, and allegedly misclassifying workers. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer of DoorDash. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. Tony Xu is CEO/Co-Founder at DoorDash Inc. See Tony Xu's compensation, career history, education, & memberships. Xu was born in China but moved to the US with his family when he was 4. 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. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. jQuery(document).ready(function($) { Julie Cao, his mothers name, was a doctor in China before moving to the United States of America, where she worked at a restaurant and shuffled many jobs to pay for her medical degree. $.post('https://www.wikifamouspeople.com/wp-admin/admin-ajax.php', {action: 'mts_view_count', id: '533655'}); 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. Fittingly, Tony Xu, now 35, would end up being "the boss" himself. CEO Tony Xu told employees that 1,250 corporate workers would be let go as part of a broader cost-cutting initiative. A year later, he decided hed had enough of trying to teach his classmates and teachers how to pronounce his name. Its less than 10 seconds watch it here. Since. My motto when making any decisionin work or lifeis to have the most fun and least regrets, he shared. Learn More on Tony Xu's age. 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. NEW YORK, November 12, 2015 -- The Goldman Sachs Group, Inc. (NYSE: GS) today announced that it has selected a new class of Managing Directors, effective from January 1, 2016, the start of the firm's next fiscal year. Leadership is all about finding the best talent and making an. Shark Biography. [35] By August 2022, the stock was trading at $82 per share. While the company has . My moms story is one where she came to this country, she wanted to be a doctor, but the U.S. didnt recognize her license because we immigrated from China. Xu keeps his position as CEO and claims about 5% of the organization. On Daily Routines, we profile successful leaders, entrepreneurs, artists, executives and athletes to explore their routines, schedules, habits . Even more astonishingly, hes still only 35 years old. DoorDash launched in Palo Alto and, as of May 2019, had expanded to more than 4,000 cities and offers a selection of 340,000 . To pursue its mission, DoorDash is building infrastructure for local commerce, enabling merchants to thrive in the convenience economy, giving consumers access to more of their communities, and providing work that empowers. My least favorite thing to do is the laundry, he tells lifehacker.com. In 2013, he married his wife, Patti Xu, in church. [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. 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. So, naturally enough, he decided to change it. Born in Nanjing, China, Xu moved with his family to America at the age of five. Truth be told, I find it hard to blame them. [83], In terms of delivery, DoorDash has an algorithm that plans routes automatically and can choose a faster route. Learn More about Tony Xu's net worth. He owns 4.6% plus options. 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. His Girlfriend/boyfriends name is Not Available. Tony Xu CEO and Co-founder at DoorDash Stanford, CA. Others named Tony Xu. 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. L-R: Stanley Tang, Tony Xu, and Andy Fang; Missing: Evan Moore. Frederic Lalonde is a North American businessman and entrepreneur. 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. It offers consumers high-quality items at reduced prices, Read More 10 Things You Didnt Know About Aamir BaigContinue, Gary Gysin Is the current CEO of Wisk Aero. [45] In June 2022, the company expanded into the Wellington Region of New Zealand. [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 Xus fortune is estimated to be in the $2 billion range. 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. 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. It is a Platform where Influencers can meet up, Collaborate, Get Collaboration opportunities from Brands, and discuss common interests. Xu was born in Nanjing, China. This chart shows Tony Xu's buying and selling at DoorDash by year and by quarter. The company also said it had changed the default drop-off option to contactless delivery. 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. In 2013, Xu helped found DoorDash with Stanford classmates Andy Fang, Evan Moore and Stanley Tang. [19], In October 2019, DoorDash opened its first ghost kitchen, DoorDash Kitchen, in Redwood City, California, with four restaurants operating at the location. Join Facebook to connect with Tony Xu and others you may know. From . This explains why I feel so lucky doing what I do every day.. BIOGRAPHY/Wiki. 4. One needs to be proactive before making investment decisions to avoid making a wrong decision. The ex-Manchester United, Leeds and West Ham star also says fans have more power than they think, and if clubs are brave, they can harness this power for good. [62][63] The case was referred to arbitration in August 2020. He continued from the University of California, Berkeley, and then concentrated on business at Stanford University Graduate School of Business. 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 . Hes been named to Fortunes 40 under 40, 7. This page has information about Tony Xu, who 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. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California. Tony Xu and his Husband, Patti Xu Xu, live in San Francisco. He earned degrees from the University of California, Berkeley and Stanford University 's Graduate School . What are the age, height, and weight of Tony Xu? [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. Then you can join our Facebook Group named Influencers Meet Brands. Download it now on Amazon. He is known for being the co-founder and chief executive officer (CEO) of his company DoorDash. ", "2021 Edison Trends U.S. [16][17][18], In January 2022, Tony Xu joined the board directors of Meta Platforms. 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. It helps me regulate my mind and body, which I think is why the habit stuck. 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. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Buy now, pay later provider Klarna announced a 71% year-over-year increase in gross merchandise value (GMV) in the US in 2022, and now has more than 8 million monthly active app users in the US. Back in 2018, Xu took part in a question/ answer session at Quora (https://www.quora.com/profile/Tony-Xu). Later, he pursued an MBA from the Stanford Graduate School of Business. He is around 35 years old [Not Confirmed] as of 2020. [2] Tony Xu #0781298. This net worth approximation does not reflect any other investments that Mr. Xu may own. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. [19], Xu has invested in the blockchain technology provider Alchemy,[20] as well as the ghost kitchens All Day Kitchens and Local Kitchens. But are these incentives worth packing a moving van? CEO of DoorDash. Learn More about insider trades at DoorDash. The project presents another step towards the reality of digital clothing interoperability across the metaverse. The most recent insider tranaction occured on February, 23rd when Director Stanley J Meresman sold 15,000 shares worth more than $865,050.00. Discover the habits and routines of 50 of the world's most successful people with our latest ebook, Daily Routines. He is around35 years old [Not Confirmed] as of 2020. 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. [1][7] Initially, he and other DoorDash employees completed food deliveries. Xu and his . His exact net worth is unknown. He owns 4.6% plus options. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. DoorDash can also be reached via phone at 650-487-3970 and via email at [emailprotected] Learn More on Tony Xu's contact information. In 2021, Xu and his wife signed the Giving Pledge. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. DoorDash is America's largest food delivery service. After graduating, he spent several years working in tech with the likes of McKinsey and eBay. [13][14], In 2020, Xu was included in Fortune's "40 Under 40" list. Actor: In the Mood for Love. Tony Xu Age, height, weight Tony Xu was born on May 5, 1985 and is 37 years old from about 2022. [70][71][72][73] The plaintiffs stated that this arrangement increases the cost for dine-in customers, as they are required to subsidize the cost of delivery; and that the apps charge exorbitant fees, which range from 13% to 40% of revenue, while the average restaurant's profit ranges from 3% to 9% of revenue. A salary of $ 300,297.00 in 2021, the company expanded into the USs leading third-party food delivery provider as. Mom who came here with a 56 % market share, DoorDash is the organizer behind Alchemy a. Their own previous few years of a travel company called Hopper height weight! 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Says AB5 would have disastrous results if implemented [ 11 ] [ 14 ] in... At Square, Inc., and Andy Fang, 28 Stanford Graduate School of Business, is a multibillionaire businessman! 35, would end up being & quot ; Xun Patti Xu Xu, 35.