Growing up, his mom worked as a server at a Chinese restaurant. Xu owns 4.6% of the delivery giant while cofounders Andy Fang, 28 . The estimated Net Worth of Tony Xu is at least $341 Thousand dollars as of 15 May 2022. 2023 Forbes Media LLC. [16] By March 2019, it had exceeded GrubHub in total sales, at 27.6% of the on-demand delivery market. [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. His height is 1.69 m, and he weighs 72 kg. It is one of several technology companies.It uses logistics services to offer food deliveries from restaurants on-demand. History. They have two children together. The IPO of DoorDash in 2020 increased Tonys net worth to this level. But in 2020, he was one of the highest paid CEOs in the Silicon Valley, making about 414 million USD in total compensation. In the last year, DoorDash insiders bought shares 2 times. In 2012, this meeting was the predecessor of the transport organization PaloAltoDelivery.com. In 2013, he married his wife, Patti Xu, in church. He owns 4.6% plus options. [4] He and his wife Patti are signatories to the Giving Pledge. [38], In August 2022, DoorDash announced it would end its partnership with Walmart in September, ending the companies' cooperation agreement from 2018. Tony Xu is a Managing Director at Goldman Sachs based in New York City, New York. Xu is the CEO. His real name is Xu Xun. Prior to the move, Xus mother had practiced medicine. Contact. [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 (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. Tony Xu Biography. with high honors in Industrial Engineering and Operations Research from UC Berkeley and an MBA from Stanford Graduate School of Business, where he was an Arjay Miller Scholar. (1 Vote) Very easy. With a 5.2 percent interest in DoorDash, CEO Tony Xu is the company's largest shareholder. Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. In 2013, Xu helped found DoorDash with Stanford classmates Andy Fang, Evan Moore and Stanley Tang. 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. In the last year, insiders at the sold shares 40 times. Tony Xu's . Former England defender Rio Ferdinand says not enough is being done to combat online abuse and hate speech. It incorporated as DoorDash in June 2013. 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. Mr. Xu 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. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. We cant say their name. In 1989 his parents emigrated to Champaign, Illinois, in the United States of America. 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. In 2021, Tony Xu earned a modest annual compensation of around 300,000 USD. Others named Tony Xu. This article maps the current industry onto a traditional Monopoly board. The project presents another step towards the reality of digital clothing interoperability across the metaverse. 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 . 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. Stern, Joanna (December 13, 2019). As a first-generation American who grew up working in his mom's restaurant, Tony started DoorDash to help small business owners succeed. He is around35 years old [Not Confirmed] as of 2020. Matthew Lorber (Entrepreneur) Wiki, Biography, Age, Girlfriend, Family, Facts, and Many More. Xu was born in Nanjing, China. CEO Tony Xu told employees that 1,250 corporate workers would be let go as part of a broader cost-cutting initiative. Xu was born in China but moved to the US with his family when he was 4. His date of birth is 1985. Tony has 2 jobs listed on their profile. [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. He has a very business-oriented mindset and continues to make money using his knowledge and skillset. Editor's note: Last . Portfolio - The Vancouver Sun; Portfolio - MEC; Contact; Main; Bio; Portfolio; Portfolio - The Vancouver Sun; Portfolio - MEC Master of Business Administration, Stanford Graduate School of Business; Bachelor of Arts/Science, University of California, Berkeley. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer of DoorDash. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. He was named to Fortunes 40 Under 40 rundown in 2020. 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 . The estimated net worth of Tony Xu is at least $4.37 million as of September 14th, 2021. DoorDash co-founder and CEO Tony Xu has joined Meta's board of directors, the Facebook parent company announced on Tuesday. His family moved to USA in 1980s and his mother also started a Chinese Restaurant. 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. So, whats his favorite way to clear his mind? 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. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. Tony Xu's Height, Weight & Body Measurement. Tony Xu (I) Tony Xu. The platform was built exclusively for electrical contractors after Rioumine and her former, Read More 10 Things You Didnt Know About Maria RioumineContinue, Investment decisions have become challenging in the current world with the recent market events, which are becoming unpredictable. The company also said it had changed the default drop-off option to contactless delivery. It is a Platform where Influencers can meet up, Collaborate, Get Collaboration opportunities from Brands, and discuss common interests. In 2021, Xu and his wife signed the Giving Pledge. [5][26], Xu enjoys running and used to participate in marathons. In the summer of 2013, it received $120,000 in seed money from Y . [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 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. Name. 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. In 1989 his parents emigrated to Champaign, Illinois, in the United States of America. Tony is followed by two additional co-founders. Tony Xu Age, height, weight Tony Xu was born on May 5, 1985 and is 37 years old from about 2022. [1] Which is an American Company that operate an online food ordering and food delivery platform. In February 2021, 55% of DoorDash's drivers were women. His ethnicity is Asian. Spoken Languages. Its less than 10 seconds watch it here. [14] In the summer of 2013, it received $120,000 in seed money from Y Combinator in exchange for a 7% stake. Also, we have no idea about his brother and sister, and we dont know their names either. [24], Xu lives in San Francisco. Xu was born in the Chinese city of Nanjing on May 5, 1985. The Estimated Net worth is $80K USD $85k. Learn More on Tony Xu's salary. Tony Xu says AB5 would have disastrous results if implemented. Learn More on DoorDash's active insiders. But he hasnt done it with a traditional method. A year later, he decided hed had enough of trying to teach his classmates and teachers how to pronounce his name. Tony Xu, 33, is a co-founder and chief executive of the DoorDash on-demand food-delivery start-up. 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. Also, we have no information about his son and daughter. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. $.post('https://www.wikifamouspeople.com/wp-admin/admin-ajax.php', {action: 'mts_view_count', id: '533655'}); Jan. 12, 2018 11 AM PT. What is Tony Xu's Past Insider Trading? Tony Xus fortune is estimated to be in the $2 billion range. Born in Nanjing, China, Xu came to America with his parents and grew up working in a restaurant alongside his mom. Ying Li - Wife; deceased. BIOGRAPHY/Wiki. DoorDash's insider roster includes Prabir Adarkar (CFO), Shona Brown (Director), Andy Fang (Director), Gordon Lee (CAO), Alfred Lin (Director), Stanley Meresman (Director), Christopher Payne (COO), Tia Sherringham (General Counsel), Stanley Tang (Director), Tony Xu (CEO), and Keith Yandell (Insider). Tony Xu is CEO/Co-Founder at DoorDash Inc. See Tony Xu's compensation, career history, education, & memberships. In a message released to the public, Xu offered 17 weeks severance and 2023 . My motto when making any decisionin work or lifeis to have the most fun and least regrets, he shared. [75], In July 2021, DoorDash drivers went on strike to protest lack of tip transparency and to ask for higher pay. 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. It helps me regulate my mind and body, which I think is why the habit stuck. NPR. He is known for being the co-founder and chief executive officer (CEO) of his company DoorDash. As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. 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 is also referred to as a business investor and the director of food transportation administration DoorDash. Tony worked in Product at Square, led special projects for the CEO and CFO at eBay, and began his career at McKinsey and Company. After graduating, he spent several years working in tech with the likes of McKinsey and eBay. Born in Nanjing, China, Xu came to America with his parents and grew up working . Its her story that provided the inspiration for Xus decision to launch DoorDash. It was a different license, and we only had $250 in the bank, so we couldnt put her through school. Tony Xu and his Husband, Patti Xu Xu, live in San Francisco. Xu Xialing - Daughter. Tony Xu's largest sale order was 80,000 units, worth over . 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. All Rights Reserved. Without future ado, let's learn more about Tony Xu. Tony Xu, DoorDash. One needs to be proactive before making investment decisions to avoid making a wrong decision. Xu has crammed a lot into an incredibly short space of time. 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. His motto is to have fun and no regrets, 8. Tony Xu, CEO of DoorDash, is the Business Times' 2021 Executive of the Year. He joined Invisible to gain personal protection while continuing his research. Learn More on DoorDash's active insiders. 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 married his wife Patti shortly after launching DoorDash. Experience. 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. Hisreal name is Xu Xun. Chinese and pizza restaurants could build it into their business models, but that was about the extent of it. He has an extremely effective life both in family and profession. 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. 0. 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. His mother, Julie Cao, was[6] previously a doctor in China. Truth be told, I find it hard to blame them. 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. [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. Starting with restaurants, DoorDash is building the infrastructure and logistics platform to allow any local merchant to deliver. [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. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. Tony Xu is known for being the Co-founder of Popular Start-up DoorDash which is an American on-demand food delivery service. We started the company to really help small businesses, people like my mom, hes explained to vox.com. Twitter View on Twitter. View the profiles of people named Tony Xu. Mr. Xu owns 80,000 shares of DoorDash stock worth more than $4,372,800 as of February 28th. Xu Wenwu was the legendary leader of the Ten Rings, named after his ancient weapons. 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. 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. Changs China Bistro and Dunkin Donuts, while also championing corner restaurants like the one Xu grew up in. We connect brands with social media talent to create quality sponsored content. Tony Xu Xu's own story, like that of many founders, begins an ocean away. View Tony Xu's profile on LinkedIn, the world's largest professional community. Dr. Tony Xu was a brilliant researcher who rose to prominence at the University of Hong Kong. 1. This site uses Akismet to reduce spam. The Wall Street Journal His height is 1.69 m and he weighs 72 kg. His mother was the inspiration for DoorDash, 6. L-R: Stanley Tang, Tony Xu, and Andy Fang; Missing: Evan Moore. Prior to co-founding DoorDash. [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. Eventually, he decided to return to education by taking a business course at Stanford. We have no more Information about his Father; we will try to collect information and update soon. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. He continued from the University of California, Berkeley, and then concentrated on business at Stanford University Graduate School of Business. 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. [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. Tony Xu Biography. Tony Xu. Earlier in his career, Xu interned at Square, Inc., and worked for McKinsey & Company, eBay, and PayPal. According to a filing made public Monday, DoorDash plans to list 33 million shares, at a price range between $75 to $85 per share. Shares 2 times a platform where Influencers can meet up, Collaborate, Collaboration... 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