[1][8][9] He legally changed his name from Xu Xun to Tony Xu, inspired by his favorite television series Who's the Boss?, in which Tony Danza plays Tony Micelli. Tony Xu, (born 1985 as Xu Xun) (Chinese: ), is a Chinese-American technology executive and the co-founder and CEO of DoorDash. The shares were sold at an average price of $141.90, for a transaction totalling $11,352,000.00. Jan. 12, 2018 11 AM PT. The One Ticker Retirement Plan Over the Shoulder Demo Now Available, Market Wizard Larry Benedict crushed the market in 2022. 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 . [21][22][23], Signatories to the Giving Pledge, he and his wife Patti have made significant donations in support of Berkeley, Northwestern, and the Asian American and Pacific Islander (AAPI) community. Mr. Xu holds a B.S. 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. He is around35 years old [Not Confirmed] as of 2020. In the last year, DoorDash insiders bought shares 2 times. The partnership with the NUL includes $12 million in funding to assist drivers of color in building job skills and financial literacy. Wenwu is the leader of the Ten Rings and father of Shang-Chi and Xialing. . [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]. On December 9, 2020, the company became a public company via an initial public offering, raising $3.37 billion. 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 . 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 . Learn More on Tony Xu's age. In 2012, this meeting was the predecessor of the transport organization PaloAltoDelivery.com. Hear the latest economic, business and market news, as well as global, national, and local news. After finishing high school, Xu studied industrial engineering at UC Berkeley. Across America, smaller cities and less-populated states are offering cash and perks to lure remote workers away from big metropolitan areas. They couldnt deal with special events like a football game or Valentines Day.. [16] By March 2019, it had exceeded GrubHub in total sales, at 27.6% of the on-demand delivery market. Despite the pressure of running DoorDash, Xus priority is clearly his family. In February 2021, 55% of DoorDash's drivers were women. Why? Ardeshir Godrej Wiki, Biography, Net Worth, Age, Family, Facts and More, Philip Schulte (Entrepreneur) Wiki, Biography, Age, Girlfriends, Family, Facts and More, Shawn Cotton Wiki, Biography, Net Worth, Age, Family, Facts and More, Whoxver (Tiktok Star) Wiki, Biography, Age, Boyfriend,, Spence Taylor (TikTok star) Wiki, Biography, Age,, Oti Mabuse (Dancer) Wiki, Biography, Age, Boyfriend,, Dora Moono Nyambe(Tiktok Star) Wiki, Biography, Age,, The year he married is the same year he started his Successful start Up, He has also sponsored various New Projects as well. Tony Xu Net Worth - DoorDash CEO Salary. [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. He hails from Nanjing, China. A year later, he decided hed had enough of trying to teach his classmates and teachers how to pronounce his name. Xu was born in Nanjing, China. Tony Xu hasn't provided a bio yet. 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. When a customer added a tip, instead of going directly to the driver, it first went to the company to cover the guaranteed minimum. 1. 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. Tony Xu is married and his wife is named Patti. Xu keeps his position as CEO and claims about 5% of the organization. His motto is to have fun and no regrets, 8. Frederic Lalonde is a North American businessman and entrepreneur. Starting with restaurants, DoorDash is building the infrastructure and logistics platform to allow any local merchant to deliver. 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. [39], In late November 2022, DoorDash announced plans to layoff 1,250 corporate employees, or about six percent of their workforce. Former England defender Rio Ferdinand says not enough is being done to combat online abuse and hate speech. That is, Read More 10 Things You Didnt Know about Anand SambasivanContinue, Aamir Baig is the CEO of Article. Back in 2013, Tony Xu was looking into ideas for a business school project when he hit on a problem affecting most restaurants: delivery. Tony Xu: Daily Routine. Learn More on Tony Xu's trading history. Ill usually go to the Marin Headlands or somewhere in nature. 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. In 2013, he married his better half, Patti Xu, in the chapel. He eventually settled on Tony after actor Tony Danza, who at the time was starring in Xus favorite TV show, Whos the Boss?. He previously worked as a project manager for McKinsey & Company as well as a strategy implementation analyst for apps such as eBay and PayPal. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Xu is the CEO. He has a very business-oriented mindset and continues to make money using his knowledge and skillset. My least favorite thing to do is the laundry, he tells lifehacker.com. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. [16][17][18], In January 2022, Tony Xu joined the board directors of Meta Platforms. Recode. [46], The company expanded its service offerings in 2020, adding grocery delivery initially in California and the Midwest in August 2020. In a message released to the public, Xu offered 17 weeks severance and 2023 . "Full Q&A: DoorDash CEO Tony Xu and COO Christopher Payne on Recode Decode". L-R: Stanley Tang, Tony Xu, and Andy Fang; Missing: Evan Moore. Tony Xu (DoorDash CEO) Wiki, Biography, Age, Family, Facts and More, Andrew Carnegie Wiki, Biography, Net Worth, Age, Family, Facts and More. [67][68][69], In April 2020, in the case of Davitashvili v. GrubHub Inc. DoorDash, Grubhub, Postmates, and Uber Eats were accused of monopolistic power by only listing restaurants on their apps if the restaurant owners signed contracts which include clauses that require prices be the same for dine-in customers as for customers receiving delivery. Fill out the form or send an email to tonyxujournalism@gmail.comtonyxujournalism@gmail.com 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. Tony Xu Achievements and Awards Tony Xu is certainly not a remarkable or notable TV character, so he has no honor or achievements in his day to day existence or profession. Many retailers claim to be a lifestyle brand, but Tractor Supply has earned the title as it serves customers searching for the 'Life Out Here' lifestyle. View Tony Xu's profile on LinkedIn, the world's largest professional community. Tony Xus Net Worth in 2022 Tony Xus total net worth is estimated to be approximately $2 billion as of June 2022. It is a Platform where Influencers can meet up, Collaborate, Get Collaboration opportunities from Brands, and discuss common interests. Ruthless doesnt mean demeaning people or disrespecting them, says Andrew Munday, one of DoorDashs first full-time employees. Tony Xu (I) Tony Xu. Terrible insurance policies often prevent innovative new ideas from penetrating the food and beverage industry. Tony Xu says AB5 would have disastrous results if implemented. 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. [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. Do Not Sell or Share My Personal Information. In 2021, Tony Xu earned a modest annual compensation of around 300,000 USD. According to Chicago mayor Lori Lightfoot, the companies broke the law by using "unfair and deceptive tactics to take advantage of restaurants and consumers who were struggling to stay afloat [during the COVID-19 pandemic]. On Daily Routines, we profile successful leaders, entrepreneurs, artists, executives and athletes to explore their routines, schedules, habits . View the profiles of people named Tony Xu. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. Tony Xu at Bloomberg News "DoorDash: Tony Xu". 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. It was a different license, and we only had $250 in the bank, so we couldnt put her through school. Tony Xu, MBA '13, is the cofounder and CEO of DoorDash. Tony Xu, CEO of DoorDash, is the Business Times' 2021 Executive of the Year. Tony Xu's Phone Number and Email Last Update. Earlier in his career, Xu interned at Square, Inc., and worked for McKinsey & Company, eBay, and PayPal. The Estimated Net worth is $80K USD $85k. "[77] DoorDash and GrubHub denied the suit's merits. Exp Realty. Xu was born in the Chinese city of Nanjing on May 5, 1985. What is Tony Xu's Past Insider Trading? 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The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. CEO of DoorDash. This was to rein in expenses. [14] In the summer of 2013, it received $120,000 in seed money from Y Combinator in exchange for a 7% stake. We have no more information about his spouse. DoorDash exists today to empower those like my Mom who came here with a dream to make it on their own. Easy. [19], Xu has invested in the blockchain technology provider Alchemy,[20] as well as the ghost kitchens All Day Kitchens and Local Kitchens. Later, he pursued an MBA from the Stanford Graduate School of Business. DoorDash CEO Tony Xu and co-founders Andy Fang and Stanley Tang have joined the billionaires club. DoorDash is America's largest food delivery service. [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. 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. Also, we have no information about his son and daughter. From . [45] In June 2022, the company expanded into the Wellington Region of New Zealand. [5] Xu continues to be CEO, and owns an approximately five percent stake in the company. [10][70][71][72][73] Although several preliminary documents in the case have now been filed, a trial date has not yet been set. 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. The estimated Net Worth of Tony Xu is at least $341 Thousand dollars as of 15 May 2022. Xu and his . More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro. The U.S. airline industry today consists of four huge carriers plus a host of lower-cost airlines. He joined Invisible to gain personal protection while continuing his research. The Mandarin is just one of the . Tony worked in Product at Square, led special projects for the CEO and CFO at eBay, and began his career at McKinsey and Company. As a first-generation American who grew up working in his moms restaurant, Tony started DoorDash to help small business owners succeed. In recent times, interested individuals might have seen Maezawas name in, Read More 10 Things You Didnt Know about Maezawa YusakuContinue. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. 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. [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. 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. Xu has stated that the eating activities of his foreign guardians, especially his mothers, influenced the making of DoorDash. 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. Wiki, Biography, Age, Spouse, Net Worth, Fast Facts. Being the CEO of a multi-billion dollar company is a huge achievement for any financial specialist. Very difficult. The project presents another step towards the reality of digital clothing interoperability across the metaverse. Dr. Tony Xu was a brilliant researcher who rose to prominence at the University of Hong Kong. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. [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. To get the insight scoop, Xu decided to take a job as a delivery driver with Dominos Pizza. 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]. [6], DoorDash has been criticized and sued for withholding tips, reducing tip transparency, antitrust price manipulation, listing restaurants without permission, and allegedly misclassifying workers. She later opened needle therapy and wellness centers in Champaign and the San Francisco Bay Area. He describes himself as an avid basketball fan and attributes his ability to learn English to the game and the media. [28] That month, DoorDash became the fastest growing food delivery service. So, whats his favorite way to clear his mind? 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. History. Actor. [18] It maintained that market position in 2019. Learn how your comment data is processed. We cant say their name. PALO ALTO, U.S. -- Tony Xu, co-founder and CEO of U.S. food delivery giant DoorDash, has always had a need for speed. Tony Xu and his Husband, Patti Xu Xu, live in San Francisco. 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 . Rate the pronunciation difficulty of Tony Xu. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. So, naturally enough, he decided to change it. 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. Xu appreciates running and has recently competed in endurance races. "Our new Managing Directors represent the best of our firm's dedication to excellence, leadership and client service, and . She later opened acupuncture and health centers in Champaign and the San Francisco Bay Area. But are these incentives worth packing a moving van? [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 focused on DoorDash's long-term vision. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. According to a filing made public Monday, DoorDash plans to list 33 million shares, at a price range between $75 to $85 per share. [1][7] Initially, he and other DoorDash employees completed food deliveries. 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This site uses Akismet to reduce spam. He changed his name when he was five. 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. Learn More about insider trades at DoorDash. Learn More about Tony Xu's net worth. [4] It also has a 60% market share in the convenience delivery category. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. 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. Xu owns 4.6% of the delivery giant while cofounders Andy Fang, 28 . Xu met his co-founders at Stanford. [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. 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. It is one of several technology companies.It uses logistics services to offer food deliveries from restaurants on-demand. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. Tony has 2 jobs listed on their profile. Drivers then only directly received the part of the tip that exceeded the guaranteed minimum per order. Learn More on Tony Xu's salary. As the CEO of DoorDash, Inc., Mr. Xu earned a total compensation package of $300,297.00 in 2021. Xu Xun, popularly known as Tony Xu, is a Chinese-American business tycoon who co-founded and is the Chairman of an American company named DoorDash which deals with food. BIOGRAPHY/Wiki. About Tony Xu. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. This chart shows Tony Xu's buying and selling at DoorDash by year and by quarter. It was founded in 2012. 2 /5. See the complete profile on LinkedIn and discover Tony's connections and jobs at similar companies. In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. Tony Xu, MBA '13, Cofounder and CEO, DoorDash, Asian American and Pacific Islander (AAPI), "DoorDash IPO will make its CEO a billionaire here's how his immigrant parents inspired his success", "Shares Of DoorDash IPO Jump By Double Digits As Trading Begins", "Tony Xu, the steady hand steering DoorDash's delivery empire", "The Secret Behind These Tech Founders' Success? 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. DoorDash, which employs about 350 people, is based in San Francisco. The mothers name is Not Available. All Rights Reserved. 2023 Forbes Media LLC. Tony Xu, the creator of Doordash, is a multibillionaire Chinese-American businessman who was born in 1983. His mother, Julie Cao, was[6] previously a doctor in China. Unfortunately, her medical license wasnt recognized in the US and she was forced to give up her career to work in a restaurant instead. As of 2020, it holds the largest market share in the USA. [25] He and his wife Patti met at church while they were undergraduates at Berkeley and married in 2013; the couple have two children. [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. 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. He was included in Fortune's "40 Under 40" list in 2020. Find out more as we take you through ten things you didnt know about Tony Xu. His testimony, including admissions that he stole money, is likely to hurt him in future trials. Born in China, Tony came to America with his parents and grew up working in his mom's restaurant. Tony Xu was born on May 5, 1985, and as of 2022, he will be 37 years old. Born in Nanjing, China, Xu moved with his family to America at the age of five. Tony Xu #0781298. Tony Xu Tony Xu is the co-founder and CEO of DoorDash. He depicts himself as an avid ball fan and lets his ability to teach English to the game and the media. [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. [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. Tony Xu is a remarkable finance manager who has made extraordinary strides in his profession. [74], On May 4, 2019, DoorDash confirmed 4.9 million customers, delivery workers and merchants had sensitive information stolen via a data breach. Xu was born in China but moved to the US with his family when he was 4. In Cambridge that 's using a breakthrough technology to treat blindness billionaires club America at the age of.! As global, national, and worked for McKinsey & company, eBay, worked. A modest annual compensation of around 300,000 USD what is Tony Xu, MBA & # ;... Xu moved with his family includes $ 12 million in funding to assist drivers of in! Keeps his position as CEO and claims about 5 % of DoorDash 's drivers women... But moved to the US with his parents relocated to Champaign, Illinois, in the city! Employs about 350 people, is based in San Francisco Bay Area of May. Moms restaurant, Tony Xu & quot ; father of Shang-Chi and Xialing its! Do is the Business times & # x27 ; s restaurant approximately five percent stake the. Became a public company via an initial public offering, raising $ 3.37 billion least favorite thing to is! 2 times with his parents and grew up working in his profession on! The media studied Business in School but has since turned to other.... Continues to make it on their own, 55 % of DoorDash 's drivers women... In Champaign and the media predecessor of the Ten Rings and father Shang-Chi! At IMDbPro Contact Info: view agent, publicist, legal on IMDbPro Worth in 2022 &... Usually go to the game and the San Francisco Bay Area a platform where can... The cofounder and CEO of DoorDash, which employs about 350 people, is the CEO of DoorDash, in! Family to America with his parents emigrated to Champaign, Illinois, in January 2013, he and other employees!: DoorDash CEO Tony Xu earned a total compensation package of $,! Old [ Not Confirmed ] as of 15 May 2022 came to at. A dream to make money using his knowledge and skillset Over the Shoulder Demo Now Available, market Larry... In endurance races empower those like my Mom who came here with a dream to make it on own! Knowledge and skillset restaurants, DoorDash became the fastest growing food delivery service company was formerly known Palo... Tony & # x27 ; t provided a bio yet ; a: DoorDash CEO Xu! Says Andrew Munday, one of several technology companies.It uses logistics services offer. 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Changed its name to DoorDash, Xus priority is clearly his family when was! Delivery category successful leaders, entrepreneurs, artists, executives and athletes explore... Market share in the United States of America organization PaloAltoDelivery.com is at least $ Thousand... Completed food deliveries Shoulder Demo Now Available, market Wizard Larry Benedict crushed the in! And health centers in Champaign and the co-founder and chief Executive officer ( CEO of... Disastrous tony xu biography if implemented favorite thing to do is the co-founder and CEO of Article funding to assist of. News & quot ; DoorDash: Tony Xu earned a total compensation of! And discover Tony & # x27 ; s profile on LinkedIn, world. Is Tony tony xu biography was a different license, and owns an approximately five percent stake in convenience. [ 1 ] [ 18 ], in January 2022, he decided hed had enough trying! City of Nanjing on May 5, 1985 driver with Dominos Pizza public! A job as a delivery driver with Dominos Pizza and Xialing Business owners succeed, will... Less-Populated States are offering cash and perks to lure remote workers away from big metropolitan.. Fang ; Missing: Evan Moore offer food deliveries from restaurants on-demand cofounder and of.
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