Changs China Bistro and Dunkin Donuts, while also championing corner restaurants like the one Xu grew up in. 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. 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. View Tony Xu's profile on LinkedIn, the world's largest professional community. He describes himself as an avid basketball fan and attributes his ability to learn English to the game and the media. Spotting a gap in the market, Xu and his fellow Stanford classmates, Stanley Tang, Andy Fang, and Evan Moore, set out to fill it. Meta Platforms, Inc. 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. While the company has . In 1989, his parents relocated to Champaign, Illinois, in the United States of America. We have no information about his girlfriend/boyfriend. Xu has stated that the eating activities of his foreign guardians, especially his mothers, influenced the making of DoorDash. They sold a total of 800,309 shares worth more than $63,347,607.21. As of 2020, it holds the largest market share in the USA. So, naturally enough, he decided to change it. [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. BREAKING: Tiny biotech successfully treats blindness. Learn More on DoorDash's active insiders. DoorDash grew out of their conversations with merchants, asking what hurdles they faced in growing their own businesses. 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. [74], On May 4, 2019, DoorDash confirmed 4.9 million customers, delivery workers and merchants had sensitive information stolen via a data breach. Initially, he and other DoorDash employees were transporting food. 2 /5. 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. DoorDashs IPO in 2020 has expanded Tonys total net worth to this level. [16] By March 2019, it had exceeded GrubHub in total sales, at 27.6% of the on-demand delivery market. Learn More about Tony Xu's net worth. His testimony, including admissions that he stole money, is likely to hurt him in future trials. Insiders at DoorDash own 12.1% of the company. [19], Xu has invested in the blockchain technology provider Alchemy,[20] as well as the ghost kitchens All Day Kitchens and Local Kitchens. Tony Xu is focused on DoorDash's long-term vision. Tony received a Bachelor of Arts degree from Amherst College and a Master of Business Administration from MIT Sloan. 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. [17] By early 2019, DoorDash was the largest food delivery provider in the U.S., as measured by consumer spending. Hear the latest economic, business and market news, as well as global, national, and local news. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. 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 . His date of birth is 1985. DoorDash is focused on being the restaurant industrys last-mile solution and has grown into a $700 million leader in the on-demand space. Tony Xu is a remarkable finance manager who has made extraordinary strides in his profession. We learned a couple of interesting observations, he said. Title. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. CtW Investment Group has written a letter to DoorDash shareholders asking them to reject the reelection of Tony Xu to the DoorDash board of directors.. Xu is the co-founder, chairman and CEO of DoorDash and the only board member up for reelection during the company's upcoming shareholder meeting, set for June 22. Email. He was named in Fortunes 40 Under 40 list in 2020. Hisreal name is Xu Xun. We have no more Information about his Father; we will try to collect information and update soon. One needs to be proactive before making investment decisions to avoid making a wrong decision. We have no more information about his spouse. The only reason I have clean clothes is that I trade chores with my wife: I do the dishes, and she does the laundry.. But he hasnt done it with a traditional method. [3], With a 56% market share, DoorDash is the largest food delivery company in the United States. Learn More on DoorDash's active insiders. They are in relation from previous few years of a strong relationship. Tony Xu, the creator of Doordash, is a multibillionaire Chinese-American businessman who was born in 1983. Earlier in his career, Xu interned at Square, Inc., and worked for . [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. [5][26], Xu enjoys running and used to participate in marathons. 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. It delivers meals and more from 390,000 restaurants and other merchants like CVS. Born in China, Tony came to America with his parents and grew up working in his mom's restaurant. Leadership is all about finding the best talent and making an. [83], In terms of delivery, DoorDash has an algorithm that plans routes automatically and can choose a faster route. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. Most recently, Tony Xu sold 80,000 shares of the business's stock in a transaction on Tuesday, January 11th. 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. He and his younger sister were raised by their mother after his father left them. Exp Realty. Back in 2013, Tony Xu was looking into ideas for a business school project when he hit on a problem affecting most restaurants: delivery. He eventually settled on Tony after actor Tony Danza, who at the time was starring in Xus favorite TV show, Whos the Boss?. [14] In the summer of 2013, it received $120,000 in seed money from Y Combinator in exchange for a 7% stake. Do Not Sell or Share My Personal Information. With a 5.2 percent interest in DoorDash, CEO Tony Xu is the company's largest shareholder. But we are sure that it is not available and his spouses name is not available. 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. As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. Tony Xu Social Media Accounts; Tony Xu's net worth, wiki, bio, career, height, weight, pics, family, affairs, car, salary, age, facts, and other details in 2022. Later, he pursued an MBA from the Stanford Graduate School of Business. He is around35 years old [Not Confirmed] as of 2020. The experience proved invaluable, as he later discussed with davidsnotes.substack.com. See full bio . [18] It maintained that market position in 2019. Xu has served as CEO of DoorDash since 2013 and was appointed the . Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. In 2012, this meeting was the predecessor of the transport organization PaloAltoDelivery.com. 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. 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. 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 . Written by hao. [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. $.post('https://www.wikifamouspeople.com/wp-admin/admin-ajax.php', {action: 'mts_view_count', id: '533655'}); We have no more Information about his Father; we will try to collect information and update soon. Fittingly, Tony Xu, now 35, would end up being "the boss" himself. Among the questions asked was an inquiry into what advice hed offer young entrepreneurs looking to begin their own startups. All Rights Reserved. ", "2021 Edison Trends U.S. [2] [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. The Mandarin is just one of the . On December 9, 2020, the company became a public company via an initial public offering, raising $3.37 billion. Hes been named to Fortunes 40 under 40, 7. [41] The company started operating in markets outside North America in 2019, officially launching in Melbourne, Australia, in September and later expanding further into the country. Spoken Languages. 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. 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. [46], The company expanded its service offerings in 2020, adding grocery delivery initially in California and the Midwest in August 2020. He was named to Fortunes 40 Under 40 rundown in 2020. In 2013, he married his better half, Patti Xu, in the chapel. Tony Xu was born on May 5, 1985, and as of 2022, he will be 37 years old. 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. In the last year, DoorDash insiders bought shares 2 times. "Full Q&A: DoorDash CEO Tony Xu and COO Christopher Payne on Recode Decode". 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. He is also referred to as a business investor and the director of food transportation administration DoorDash. CEO Tony Xu told employees that 1,250 corporate workers would be let go as part of a broader cost-cutting initiative. Its less than 10 seconds watch it here. This week, food delivery giant DoorDash went public, seeing its share price skyrocket to $189 within days. [62][63] The case was referred to arbitration in August 2020. 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. The high share price, coupled with the recent valuation of $32 billion, has made three of DoorDash's founders Tony Xu, Andy Fang, and Stanley Tang overnight billionaires. According to a filing made public Monday, DoorDash plans to list 33 million shares, at a price range between $75 to $85 per share. He holds a B.S. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. Since. He is also the CEO of a travel company called Hopper. He is known for being the co-founder and chief executive officer (CEO) of his company DoorDash. [4] It also has a 60% market share in the convenience delivery category. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Over the past decade, hes gone from being a student to becoming the head of one of the fastest-growing companies in the US. He joined Invisible to gain personal protection while continuing his research. If customers tip over a set amount for the order total, Doordash hides a portion of the tip until the delivery is complete. Terrible insurance policies often prevent innovative new ideas from penetrating the food and beverage industry. DoorDash is America's largest food delivery service. My motto when making any decisionin work or lifeis to have the most fun and least regrets, he shared. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. Mr. Xu is currently 38 years old. Career. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. DoorDash has 12 members of its Management Team, which are its top executives, including CEO Tony Xu. They have two children together. [75], In July 2021, DoorDash drivers went on strike to protest lack of tip transparency and to ask for higher pay. It just means a really, really high standard. How Alex Murdaugh Opened The Door For Convictions On Financial And Tax Crime Charges, Disneys PhotoPass Service Combines New Tech With Disney Storytelling, Klarna Is Not A Buy Now, Pay Later (BNPL) Company, Tractor Supply Sells The Life Out Here Dream As More Americans Move To The Country, Meet The Companying Bridging Synthetic Biology Innovation With The World Of Insurance To Ensure Safe Food Production, Downward Dog In Decentraland: Alo Yoga Launches Digital Fashion Collection, Where The U.S. Airlines Fit On A Traditional Monopoly Game Board, At Least 36 Killed After Two Trains Collide Head-On In Greece, Rio Ferdinand: If Soccer Clubs Harness Their Power, Fans Can Change The World, From Tony Stark To Shuri: The Role Of AI For Creatives, 2022 Billionaires: Cities With The Most Billionaires, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Born in Nanjing, China, Xu moved with his family to America at the age of five. [1] He also worked as a business analyst for the management consulting firm McKinsey & Company, and as a corporate strategy consultant for eBay and PayPal. Last week, Murdaugh took the witness stand to deny he was the one to pull the trigger. Why? 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. L-R: Stanley Tang, Tony Xu, and Andy Fang; Missing: Evan Moore. Also, we have no idea about his brother and sister, and we dont know their names either. She later opened acupuncture and health centers in Champaign and the San Francisco Bay Area. His exact net worth is unknown. His height is 1.69 m, and he weighs 72 kg. More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro. Moderate. Xu Shang-Chi - Son. The mothers name is Not Available. The estimated Net Worth of Tony Xu is at least $341 Thousand dollars as of 15 May 2022. Tony Xu (I) Tony Xu. 4. Now, his relationship is perfect. DoorDash co-founder and CEO Tony Xu has joined Meta's board of directors, the Facebook parent company announced on Tuesday. Tony Xu is known for being the Co-founder of Popular Start-up DoorDash which is an American on-demand food delivery service. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California. Without future ado, let's learn more about Tony Xu. Like the iconic board game Monopoly, owning the best real estate is the way to win. Join Facebook to connect with Tony Xu and others you may know. [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. [35] By August 2022, the stock was trading at $82 per share. Tony Xu, MBA '13, is the cofounder and CEO of DoorDash. January 11, 2022. 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. Tony Xu CEO & Co-Founder. [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. 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. in Industrial Engineering and Operations Research from the University of California, Berkeley and an M.B.A. from the Stanford Graduate School of Business. 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. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. Xu met his co-founders at Stanford. [80] As of September 2021, Project DASH operated in more than 900 cities and had delivered more than 15 million meals. He was caught after one too many 'exploratory' trips into K&O servers, and spent time in a detention center as a result. Also, we have no information about his son and daughter. Twitter View on Twitter. Convenience Store Delivery Sales Report", "DoorDash Inc. 2020 Form 10-K Annual Report", "My Frantic Life as a Cab-Dodging, Tip-Chasing Food App Deliveryman", "DoorDash Settlement Would Pay a Paltry $130 to Workers Instead of Making Them Employees", "DoorDash Trio worth up to $2.7 billion each as IPO soars", "Meeting the moment: Tony Xu is focused on DoorDash's long-term vision", "DoorDash Faces Its Latest Challenge: Wooing Wall Street", "To fund Y Combinator's top startups, VCs scoop them before Demo Day", "DoorDash has overtaken Uber Eats in US online food delivery", "DoorDash Has Pulled Ahead of GrubHub, Uber Eats in the On-Demand Food Delivery Race", "DoorDash overtakes Grubhub in delivery market share", "DoorDash takes the lead in the food delivery wars as the landscape dramatically shifts in 2019", "DoorDash is ready to deliver with new Redwood City commissary kitchen debut", "DoorDash Has Been Confusing Its Workers About Payments for Nearly Two Years", "DoorDash Has a New Plan to Make Workers Gamble on How Much They'll Get Paid", "DoorDash Contractors Earn Less Than Dogshit, Study Finds", "SoftBank Turns $11 Billion Profit, Helped by DoorDash", "Data SheetWhat DoorDash Plans to Do With Another Half a Billion Dollars of Capital", "DoorDash confirms $400M raise, IPO timing unclear", "Here's how delivery services like Grubhub, Postmates, and Uber Eats are adapting to the coronavirus restrictions and safety precautions", "DoorDash is the fastest growing meal delivery business during coronavirus lock down", "DoorDash launches program to revive closed restaurants using local ghost kitchens", "DoorDash partners with California restaurant to build new brick-and-mortar location", "DoorDash just opened its first physical location as the pandemic fuels a ghost kitchen boom", "DoorDash valued at $71 billion in blockbuster market debut", "Airbnb, DoorDash Aim for Higher-Than-Expected Valuations Ahead of Debuts", "Women who lost jobs due to COVID turn to food delivery platforms", "Restaurants Are Fed Up With GrubHub And DoorDash, And Now Legislators Are On Their Side", "Just when you thought DoorDash couldn't get more dastardly", "DoorDash won't deliver Walmart's groceries starting next month", "Montreal Has a New Food Delivery Service as DoorDash Starts Its Engines", "DoorDash spreads beyond North America with Australia launch", "Food delivery giant DoorDash has launched in Sydney, and it gave away free burgers to get people onboard", "DoorDash launches in Japan as food delivery war heats up", "US-Lieferdienst Doordash startet in Stuttgart", "NYSE-listed food delivery firm DoorDash expands into New Zealand", "DoorDash launches grocery delivery to compete with Amazon and Instacart", "DoorDash launches on-demand alcohol delivery service", "Square Completes Sale of Caviar to DoorDash", "The Great Flattening: What a Giant Delivery Merger Means for Your Dinner", "DoorDash Buys Rival, Caviar, for $410 Million", "DoorDash acquires autonomous driving startup Scotty Labs", "DoorDash takes another step toward automated food delivery", "DoorDash Adds Startup Chowbotics for Meal Preparation", "DoorDash acquires salad-making robotics startup, Chowbotics", "DoorDash has acquired salad-making robot company Chowbotics", "DoorDash to Buy Finland Food-Delivery Startup in Deal Valued Above $8 Billion", "Delivery apps like DoorDash are using your tips to pay workers' wages", "DoorDash is still pocketing workers' tips, almost a month after it promised to stop", "Brooklyn Man Sues DoorDash Over Grifty, Misleading Tip Policy", "Brooklyn man sues DoorDash for 'misleading' tipping policy", "DoorDash's New Tipping Policy Has Increased Driver Pay", "DoorDash Changes Tipping Model After Uproar From Customers", "DoorDash settles lawsuit for $2.5M over 'deceptive' tipping practices", "DoorDash is paying $2.5 million to settle a lawsuit that accused the food delivery company of stealing drivers' tips", "AG Racine Reaches $2.5 Million Agreement with DoorDash for Misrepresenting that Consumer Tips Would Go to Food Delivery Drivers", "Restaurants Are Desperate But You May Not Be Helping When You Use Delivery Apps", "DoorDash, Uber Eats, Grubhub and Postmates make restaurant meals cost more: lawsuit - Four firms' rise has 'come at great cost to American society,' suit claims", "Grubhub, DoorDash, Postmates, Uber Eats are sued over restaurant prices amid pandemic", "GrubHub, Doordash Accused in Suit of Pushing Prices Higher", "DoorDash confirms data breach affected 4.9 million customers, workers and merchants", "Chicago sues DoorDash and Grubhub for 'unfair and deceptive' practices", "DoorDash $100 Million Driver Settlement Tentatively Approved", "DoorDash's new 'Project DASH' will deliver restaurant leftovers to food banks", "How hunger-fighting orgs have used DoorDash to help save 1 million pounds of food from landfills", "A milestone delivery: DoorDash, Food Bank of Delaware team up to deliver food to those most in need", "Nourishing Minds and Bodies: San Diego Students Now Eligible for Free DoorDash Delivery", "DoorDash Extends Cold Weather Grants as Part of $200M Pledge", "An analysis of a third-party food delivery app during the COVID-19 pandemic", https://en.wikipedia.org/w/index.php?title=DoorDash&oldid=1142045878, Companies listed on the New York Stock Exchange, Online food retailers of the United States, Pages with non-numeric formatnum arguments, All Wikipedia articles written in American English, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 28 February 2023, at 06:09. 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