Prior to co-founding DoorDash. [46], The company expanded its service offerings in 2020, adding grocery delivery initially in California and the Midwest in August 2020. 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. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. DoorDash had its IPO in December 2020[2][3] making Xu's net worth an estimated $2.8 billion as of April 2021. The Estimated Net worth is $80K USD $85k. BIOGRAPHY/Wiki. With a 5.2 percent interest in DoorDash, CEO Tony Xu is the company's largest shareholder. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California. Ruthless doesnt mean demeaning people or disrespecting them, says Andrew Munday, one of DoorDashs first full-time employees. View the profiles of people named Tony Xu. As of 2020, it holds the largest market share in the USA. Facebook gives people the power to share and. The estimated net worth of Tony Xu is at least $4.37 million as of September 14th, 2021. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. [5] In 1989, his parents immigrated to Champaign, Illinois. 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Pulling on a pair of sneakers and hitting the pavements. About Tony Xu. Learn More about insider trades at DoorDash. [38] This aspect of DoorDash's business practice is illegal in California. Tony Xu: Daily Routine. [11][12][13], In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. "Our new Managing Directors represent the best of our firm's dedication to excellence, leadership and client service, and . $.post('https://www.wikifamouspeople.com/wp-admin/admin-ajax.php', {action: 'mts_view_count', id: '533655'}); This page has information about Tony Xu, who Later, he pursued an MBA from the Stanford Graduate School of Business. 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. The food delivery platform's initial public offering pushed Xu's net worth to approximately $3.1 . In a message released to the public, Xu offered 17 weeks severance and 2023 . Tony Xu is known for Entrapment (1999), Spy Game (2001) and On Dangerous Ground (1996). 1. Xu was born in the Chinese city of Nanjing on May 5, 1985. Xu keeps his position as CEO and claims about 5% of the organization. He was named in Fortunes 40 Under 40 list in 2020. 9 months. [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. Easy. My least favorite thing to do is the laundry, he tells lifehacker.com. [13][15], In December 2018, DoorDash overtook Uber Eats to hold the second position in total US food delivery sales, behind GrubHub. [3], With a 56% market share, DoorDash is the largest food delivery company in the United States. Recode. Tony Xu Owner at Tony Xu & Associates Inc. Diamond Bar, CA. This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. DoorDash's initial public offering in 2020, which Xu has been credited for leading,[12] made him a billionaire at the age of 36. [5] Xu continues to be CEO, and owns an approximately five percent stake in the company. From . He continued from the University of California, Berkeley, and then concentrated on business at Stanford University Graduate School of Business. Editor's note: Last . History. She later opened needle therapy and wellness centers in Champaign and the San Francisco Bay Area. However, Forbes has estimated his net worth to be approximately $1.9 billion. While many people who venture into the Disney Parks think of the service as a way to simply get their photo taken in front of the major park icons, theres a lot more to Disney PhotoPass than a click of the shutter button. [83], In terms of delivery, DoorDash has an algorithm that plans routes automatically and can choose a faster route. My motto when making any decisionin work or lifeis to have the most fun and least regrets, he shared. [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. The accident took place near the city of Larissa as a passenger train collided head-on with a cargo train at high speed late on Tuesday night. Fill out the form or send an email to tonyxujournalism@gmail.comtonyxujournalism@gmail.com 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. He owns 4.6% plus options. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. The project presents another step towards the reality of digital clothing interoperability across the metaverse. His family moved to USA in 1980s and his mother also started a Chinese Restaurant. They have two children together. The corporate mailing address for Mr. Xu and other DoorDash executives is , , . If customers tip over a set amount for the order total, Doordash hides a portion of the tip until the delivery is complete. 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[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]. Tony Xu's largest purchase order was 121,895 units, worth over $315.97K on September 16, 2021. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. Tony Xu is married and his wife is named Patti. The only reason I have clean clothes is that I trade chores with my wife: I do the dishes, and she does the laundry.. Initially, he and other DoorDash employees were transporting food. The company began addressing the challenges of delivery from restaurants and has since expanded focus to include grocery, retail, beauty, alcohol, pet food, flowers and convenience. 0. 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 . They purchased a total of 573,500 shares worth more than $49,963,096.52. He hails from Nanjing, China. In the last year, DoorDash insiders bought shares 2 times. Xu owns 4.6% of the delivery giant while cofounders Andy Fang, 28 . He holds a B.S. Meta Platforms, Facebook's freshly-minted parent company, named DoorDash co-founder and Chief Executive Officer Tony Xu to its board of directors on Tuesday. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. Initially, Tony along with his classmates started with an Idea of food-delivery app which will help small business owners. Tony Xu has not been actively trading shares of DoorDash over the course of the past ninety days. Xu met his co-founders at Stanford. DoorDashs IPO in 2020 has expanded Tonys total net worth to this level. His date of birth is 1985. Additionally, Mr. Xu receives an annual salary of $300,300.00 as CEO at DoorDash. Fighting for the underdog is part of who I am and what we stand for as a company. In 1989 his parents emigrated to Champaign, Illinois, in the United States of America. But we are trying hard to collect all the information about him and will update you soon. Tony Xu at Bloomberg News "DoorDash: Tony Xu". [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. Write Tony Xu' 1st recommendation. 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. This explains why I feel so lucky doing what I do every day.. [17] By early 2019, DoorDash was the largest food delivery provider in the U.S., as measured by consumer spending. Learn More on Tony Xu's trading history. Cofounders Andy Fang and Stanley Tang, who Xu met while they were all studying at Stanford, own about 4% each. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. Meta Platforms, Inc. + Add or change photo on IMDbPro . Tony Xu. Dr. Tony Xu was a brilliant researcher who rose to prominence at the University of Hong Kong. It is a Platform where Influencers can meet up, Collaborate, Get Collaboration opportunities from Brands, and discuss common interests. Current positions of Tony Xu. As of 2023, the estimated net worth of Tony Xu ranges between 1.5-2.5 billion USD. He has a very business-oriented mindset and continues to make money using his knowledge and skillset. Mr. Xu is currently 38 years old. "As a recently IPOed company, DoorDash has failed to provide a governance . The friendship would later take on a professional bent when they joined forces to found DoorDash in 2013. [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. What is Tony Xu's Past Insider Trading? Email. 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 . We have no more information about his spouse. So, whats his favorite way to clear his mind? CEO Tony Xu told employees that 1,250 corporate workers would be let go as part of a broader cost-cutting initiative. But later he immigrated to the United States with his parents when he was five years old. Xu has crammed a lot into an incredibly short space of time. Xu married his wife Patti shortly after launching DoorDash. DoorDash can also be reached via phone at 650-487-3970 and via email at [emailprotected] Learn More on Tony Xu's contact information. [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. The couple, who met in church, share a two-year-old daughter named Olivia. [75], In July 2021, DoorDash drivers went on strike to protest lack of tip transparency and to ask for higher pay. Tony Chiu-Wai Leung. 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. [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. She later opened acupuncture and medical clinics in Champaign and the San Francisco Bay Area. Exp Realty. 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. He depicts himself as an avid ball fan and lets his ability to teach English to the game and the media. 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. On December 9, 2020, the company became a public company via an initial public offering, raising $3.37 billion. Price Range (last 24 months) None Reported. 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. In addition, he makes $300,297 as Co-Founder and CEO & Chair at DoorDash Inc. 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. 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. Spoken Languages. 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. The Mandarin is just one of the . Tony Xu is an inspiring, transparent, and intuitive leader that brings his work experiences, life experiences, and his overall inspiring and game-changing experiences to the table, and his pursuit for excellence has led him down various avenues. "Full Q&A: DoorDash CEO Tony Xu and COO Christopher Payne on Recode Decode". It delivers meals and more from 390,000 restaurants and other merchants like CVS. [13][14], In 2020, Xu was included in Fortune's "40 Under 40" list. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. On this Wikipedia the language links are at the top of the page across from the article title. They couldnt deal with special events like a football game or Valentines Day.. 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. His testimony, including admissions that he stole money, is likely to hurt him in future trials. (1 Vote) Very easy. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. 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. Tony Xu Biography. DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. He was interviewed by Joy Huang, MBA '21, on February 9, 2021 as part of the View From The Top speake. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. Learn More about Tony Xu's net worth. 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. 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. Find out more as we take you through ten things you didn't know about Tony Xu. In 2021, Tony Xu earned a modest annual compensation of around 300,000 USD. Wiki, Biography, Age, Spouse, Net Worth, Fast Facts. He was appointed board chair in November 2020. It incorporated as DoorDash in June 2013. So, naturally enough, he decided to . 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. Even more astonishingly, hes still only 35 years old. Xu enjoys running and has previously competed in marathons. 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. 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. Let's connect! We learned a couple of interesting observations, he said. DoorDash has 12 members of its Management Team, which are its top executives, including CEO Tony Xu. [45] In June 2022, the company expanded into the Wellington Region of New Zealand. 2023 Forbes Media LLC. Tony Xu Biography. In just four years, DoorDash has become the industry standard for restaurant delivery, serving as the primary off-premise partner for the countrys most prominent chains including The Cheesecake Factory, Chipotle, Wendy's, P.F. This net worth approximation does not reflect any other investments that Mr. Xu may own. He hails from Nanjing, China. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Tony Xu, also known as Xu Xun is an Entrepreneur. The oldest executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who is 54 years old. 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? 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. Download it now on Amazon. He earned degrees from the University of California, Berkeley and Stanford University 's Graduate School . 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. They have two children together. L-R: Stanley Tang, Tony Xu, and Andy Fang; Missing: Evan Moore. Xu has served as CEO of DoorDash since 2013 and was appointed the . [4] He and his wife Patti are signatories to the Giving Pledge. Enter your email address below to get our daily insider buying and selling report. View Tony Xu's profile on LinkedIn, the world's largest professional community. His mother was the inspiration for DoorDash, 6. In 2012, this meeting was the predecessor of the transport organization PaloAltoDelivery.com. 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 . This was to rein in expenses. CEO of DoorDash. [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. It also generated $1 billion in losses last year. Mr. Xu holds a B.S. [16] By March 2019, it had exceeded GrubHub in total sales, at 27.6% of the on-demand delivery market. Then you can join our Facebook Group named Influencers Meet Brands. DoorDash's fourth co-founder, however, is largely overlooked. DoorDash grew out of their conversations with merchants, asking what hurdles they faced in growing their own businesses. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. 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. [24], Xu lives in San Francisco. [62][63], A DoorDash customer filed a class action lawsuit against the company for its "materially false and misleading" tipping policy. Mr Xu owns over 577 units of DoorDash Inc stock worth over $40,701 and over the last 2 years he sold DASH stock worth over $0. 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. He and his younger sister were raised by their mother after his father left them. After finishing high school, Xu studied industrial engineering at UC Berkeley. Tony Leung Chiu Wai was born in Hong Kong on 27 June 1962. It was founded in 2012. In the last year, insiders at the sold shares 40 times. What are the age, height, and weight of Tony Xu? Moderate. Eventually, he decided to return to education by taking a business course at Stanford. Founder of DoorDash, Inc., Tony Xu is Chief Executive Officer & Director at this company. Fittingly, Tony Xu, now 35, would end up being "the boss" himself. [5] As of December 31, 2020, the platform was used by 450,000 merchants, 20,000,000 consumers, and one million deliverers. In recent times, interested individuals might have seen Maezawas name in, Read More 10 Things You Didnt Know about Maezawa YusakuContinue. The result was DoorDash, a company thats grown from tiny beginnings into the USs leading third-party food delivery provider. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. Tony Xu. Tony Xu (I) Tony Xu. Before Starting DoorDash, Tony has worked in a few prominent companies like Product at Squareand McKinsey and Company. Tony Xu. 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. Xu has stated that the eating activities of his foreign guardians, especially his mothers, influenced the making of DoorDash. 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. 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. This week, food delivery giant DoorDash went public, seeing its share price skyrocket to $189 within days. [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. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. DoorDashs first stock sale, which Xu was credited with driving, made him a tycoon at age 36. Earlier in his career, Xu interned at Square, Inc., and worked for . Raza . Xu was born in Nanjing, China. Ill usually go to the Marin Headlands or somewhere in nature. Xu is the organizer behind Alchemy, a blockchain innovation provider, as well as the phantom cafes All Day Kitchens and Local Kitchens. Unfortunately, her medical license wasnt recognized in the US and she was forced to give up her career to work in a restaurant instead. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. November 12, 2018. January 31, 2021. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce. "[77] DoorDash and GrubHub denied the suit's merits. Tony Xu returned to the governing body of Meta Platforms in January 2022. Recurring Shark. [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. DoorDash launched in Palo Alto and, as of May 2019, had expanded to more than 4,000 cities and offered a 340,000 selection of stores across the US and Canada. [7] His father was a professor in China who studied aerospace engineering and applied mathematics at the University of Illinois Urbana-Champaign,[1] where he earned his Ph.D.[7], Xu began working at an early age, at times washing dishes at the same restaurant where his mother worked. Tony Xu's Phone Number and Email Last Update. Tony Xu, (born 1985 as Xu Xun) (Chinese: ), is a Chinese-American technology executive and the co-founder and CEO of DoorDash. [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. Its less than 10 seconds watch it here. He describes himself as an avid basketball fan and attributes his ability to learn English to the game and the media. Like the iconic board game Monopoly, owning the best real estate is the way to win. Not much is known about his family and his personal Life. [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. After graduating, he spent several years working in tech with the likes of McKinsey and eBay. In total sales, at 27.6 % of the transport organization PaloAltoDelivery.com Francisco Bay Area worth Fast... 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