After graduating, he spent several years working in tech with the likes of McKinsey and eBay. His mother, Julie Cao, was[6] previously a doctor in China. Hisreal name is Xu Xun. DoorDash is focused on being the restaurant industrys last-mile solution and has grown into a $700 million leader in the on-demand space. DoorDash brings millions of meals from food banks to families via Project DASH, empowers underrepresented entrepreneurs through the Restaurant Accelerator and Accelerator for Local Goods, and provides work opportunities to millions of people, including Dashers. So, whats his favorite way to clear his mind? As of 2023, the estimated net worth of Tony Xu ranges between 1.5-2.5 billion USD. Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. Unfortunately, her medical license wasnt recognized in the US and she was forced to give up her career to work in a restaurant instead. Tony Xu CEO & Co-Founder. This site uses Akismet to reduce spam. jQuery(document).ready(function($) { The highest earning executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who commands a salary of $350,930.00 per year. Enter your email address below to get our daily insider buying and selling report. Tony Xus fortune is estimated to be in the $2 billion range. Tony Xu: Daily Routine. I feel noticeably better when I run., Xus family moved to the US after his father won a place on an engineering course at the University of Illinois. L-R: Stanley Tang, Tony Xu, and Andy Fang; Missing: Evan Moore. [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. }); If you are a Model, Tiktoker, Instagram Influencer, Fashion Blogger, or any other Social Media Influencer, who is looking to get Amazing Collaborations. 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. 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. Insiders at DoorDash own 12.1% of the company. [76][8], In August 2021, the city of Chicago sued DoorDash and GrubHub. Tony is followed by two additional co-founders. [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. DoorDash co-founder and CEO Tony Xu has joined Meta's board of directors, the Facebook parent company announced on Tuesday. Fighting for the underdog is part of who I am and what we stand for as a company. Also, we have no information about his son and daughter. Mr. Xu holds a B.S. [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. Tyson Chandler Wiki, Age, Bio, Height, Wife, Career, and Net Worth, Reed Robertson Wiki, Age, Bio, Height, Wife, Career, and Net Worth, Tony Xu Wiki, Age, Bio, Height, Wife, Career, and Net Worth, Wiki, Bio, Age,Family, Siblings, Childhood & Education, Tony Xus Height, Weight & Body Measurement, Lela Ceterova Wiki, Age, Bio, Height, Boyfriend, Career, and Net Worth, Journee Nelson Wiki, Age, Bio, Height, Boyfriend, Career, and Net Worth, Famous Dex Wiki, Age, Bio, Height, Girlfriend, Career, and Net Worth, Lynda Baron Wiki, Age, Bio, Height, Husband, Career, and Net Worth, Jack Johnson Wiki, Age, Bio, Height, Wife, Career, and Net Worth. Spoken Languages. Tony worked in Product at Square, led special projects for the CEO and CFO at eBay, and began his career at McKinsey and Company. His mother was the inspiration for DoorDash, 6. [77], In 2017, a class action lawsuit was filed against DoorDash for allegedly misclassifying delivery drivers in California and Massachusetts as independent contractors. [9] He has described himself as an "avid" basketball fan,[27][28] and has credited the sport and television for helping him learn English.[10][29]. 2023 Forbes Media LLC. He earned degrees from the University of California, Berkeley and Stanford University 's Graduate School . [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. 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 . 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. DoorDash is America's largest food delivery service. One needs to be proactive before making investment decisions to avoid making a wrong decision. [5] Xu continues to be CEO, and owns an approximately five percent stake in the company. [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. My least favorite thing to do is the laundry, he tells lifehacker.com. 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. So, naturally enough, he decided to . [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. [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. Without future ado, let's learn more about Tony Xu. Jan. 12, 2018 11 AM PT. Tony Xu Tony Xu is the co-founder and CEO 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. The most recent insider tranaction occured on February, 23rd when Director Stanley J Meresman sold 15,000 shares worth more than $865,050.00. 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. In 2013, Xu helped found DoorDash with Stanford classmates Andy Fang, Evan Moore and Stanley Tang. We connect brands with social media talent to create quality sponsored content. Xu Xialing - Daughter. Pronunciation of Tony Xu with 1 audio pronunciations. Name. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer of DoorDash. His Girlfriend/boyfriends name is Not Available. Write Tony Xu' 1st recommendation. His ethnicity is Asian. Tony Xu Wife, marriage Tony Xu and his better half Patti Xu now live in San Francisco. She later opened acupuncture and medical clinics in Champaign and the San Francisco Bay Area. 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 . Pulling on a pair of sneakers and hitting the pavements. As of 2020, it holds the largest market share in the USA. Tony Xu is a remarkable finance manager who has made extraordinary strides in his profession. 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. 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. Among the questions asked was an inquiry into what advice hed offer young entrepreneurs looking to begin their own startups. His date of birth is 1985. [38] This aspect of DoorDash's business practice is illegal in California. It was really hard for a small business to know how many drivers they need. In the last year, DoorDash insiders bought shares 2 times. Chinese and pizza restaurants could build it into their business models, but that was about the extent of it. Tony Xu, also known as Xu Xun is an Entrepreneur. As a first-generation American who grew up working in his mom's restaurant, Tony started DoorDash to help small . 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. That is, Read More 10 Things You Didnt Know about Anand SambasivanContinue, Aamir Baig is the CEO of Article. [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. A year later, he decided he'd had enough of trying to teach his classmates and teachers how to pronounce his name. Get notified the next time Tony Xu buys or sells DoorDash stock. In 2013, he married his wife, Patti Xu, in church. Xu has stated that the eating activities of his foreign guardians, especially his mothers, influenced the making of DoorDash. As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. [62][63], A DoorDash customer filed a class action lawsuit against the company for its "materially false and misleading" tipping policy. It just means a really, really high standard. The U.S. airline industry today consists of four huge carriers plus a host of lower-cost airlines. 0. DoorDash has 12 members of its Management Team, which are its top executives, including CEO Tony Xu. Then you can join our Facebook Group named Influencers Meet Brands. DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. Xu was born in the Chinese city of Nanjing on May 5, 1985. [11][12][13], In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. Xu enjoys running and has previously competed in marathons. 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. [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. Learn More on Tony Xu's contact information. Terrible insurance policies often prevent innovative new ideas from penetrating the food and beverage industry. DoorDash. Fill out the form or send an email to tonyxujournalism@gmail.comtonyxujournalism@gmail.com His family moved to USA in 1980s and his mother also started a Chinese Restaurant. [16][17][18], In January 2022, Tony Xu joined the board directors of Meta Platforms. It is a Platform where Influencers can meet up, Collaborate, Get Collaboration opportunities from Brands, and discuss common interests. Xu was born in Nanjing, China. Tony Chiu-Wai Leung. Over the past decade, hes gone from being a student to becoming the head of one of the fastest-growing companies in the US. 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. [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. For most establishments, the costs of delivering food from their door to the customers made it unviable. October 26th, 2022, 2:06 PM PDT. 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. The oldest executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who is 54 years old. Xu is the CEO. [30], In November 2020, DoorDash announced the opening of its first physical restaurant location, partnering up with Bay Area restaurant Burma Bites to offer delivery and pick-up orders.[31][32]. [2] Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. Find out more as we take you through ten things you didn't know about Tony Xu. Experience. 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. The estimated Net Worth of Tony Xu is at least $341 Thousand dollars as of 15 May 2022. This article maps the current industry onto a traditional Monopoly board. As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. 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. Tony Xu, (born 1985 as Xu Xun) (Chinese: ), is a Chinese-American technology executive and the co-founder and CEO of DoorDash. 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. [17] By early 2019, DoorDash was the largest food delivery provider in the U.S., as measured by consumer spending. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. He hails from Nanjing, China. See full bio . In 2013, he co-founded DoorDash, the on-demand food delivery company that on Wednesday announced it had filed for an IPO . Johnson, Eric (January 9, 2019). Tony Xu, CEO of DoorDash, is the Business Times' 2021 Executive of the Year. Tony Xu (I) Tony Xu. On Daily Routines, we profile successful leaders, entrepreneurs, artists, executives and athletes to explore their routines, schedules, habits . 9 months. We learned a couple of interesting observations, he said. The couple, who met in church, share a two-year-old daughter named Olivia. 4. I run in the mornings two or three times during the week, and both days on the weekend, he tells sequoiacap.com. Mr. Xu owns 80,000 shares of DoorDash stock worth more than $4,372,800 as of February 28th. He joined Invisible to gain personal protection while continuing his research. [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. We have no more Information about his Father; we will try to collect information and update soon. 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 . It went public in December 2020 on NYSE and trades under the symbol DASH. Tony Xu Net Worth - DoorDash CEO Salary. Tony Xu Biography. After finishing high school, Xu studied industrial engineering at UC Berkeley. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Drivers then only directly received the part of the tip that exceeded the guaranteed minimum per order. The company also said it had changed the default drop-off option to contactless delivery. The partnership with the NUL includes $12 million in funding to assist drivers of color in building job skills and financial literacy. Tony Xu says AB5 would have disastrous results if implemented. Actor. It Takes Two (simplified Chinese: ) is a 2012 Singaporean Chinese year-end blockbuster drama produced by MediaCorp TV.It stars Chen Hanwei, Yao Wenlong, Kym Ng, Ann Kok & Zheng Geping as casts of the series. 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. More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro. Getting to where he is currently was not a walk in the park. Its less than 10 seconds watch it here. This net worth approximation does not reflect any other investments that Mr. Xu may own. He was named in Fortunes 40 Under 40 list in 2020. The Wall Street Journal Xu was born in China and moved to the U.S. at age five. Title. He hails from Nanjing, China. Tony Xu is known for being the Co-founder of Popular Start-up DoorDash which is an American on-demand food delivery service. [74], On May 4, 2019, DoorDash confirmed 4.9 million customers, delivery workers and merchants had sensitive information stolen via a data breach. Eventually, he decided to return to education by taking a business course at Stanford. "[77] DoorDash and GrubHub denied the suit's merits. When DoorDash went public in early 2021, its valuation soared to US$32 billion. Tony Xu (DoorDash CEO) Wiki, Biography, Age, Family, Facts and More, Andrew Carnegie Wiki, Biography, Net Worth, Age, Family, Facts and More. Former England defender Rio Ferdinand says not enough is being done to combat online abuse and hate speech. 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. We cant say their name. He was photographed at Monster Pho in Oakland. Later, he pursued an MBA from the Stanford Graduate School of Business. This chart shows Tony Xu's buying and selling at DoorDash by year and by quarter. 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. It also generated $1 billion in losses last year. Mark Zuckerberg, founder and CEO of Meta, said, "Tony has built a great service for millions of people to get food and more from hundreds of thousands of restaurants and . On this Wikipedia the language links are at the top of the page across from the article title. There are 6 older executives and no younger executives at DoorDash. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. Easy. He depicts himself as an avid ball fan and lets his ability to teach English to the game and the media. . However, Forbes has estimated his net worth to be approximately $1.9 billion. He started DoorDash to help small . Frederic Lalonde is a North American businessman and entrepreneur. Tony Xu. 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. [3], With a 56% market share, DoorDash is the largest food delivery company in the United States. The strike occurred after DoorDash rewrote its code to cut off access to Para, a third-party app that drivers had been using to see the full tip amounts. Written by hao. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. 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 . in Industrial Engineering and Operations Research from the University of California, Berkeley and an M.B.A. from the Stanford Graduate School of Business. Tony Xu Biography. 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 9th December 2020, his company launched IPO, which made him a billionaire at such an early age. Xu keeps his position as CEO and claims about 5% of the organization. Why? Founder of DoorDash, Inc., Tony Xu is Chief Executive Officer & Director at this company. In 2013, Xu co-founded DoorDash with Stanford classmates Andy Fang, Evan Moore, and Stanley Tang. 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Hear the latest economic, business and market news, as well as global, national, and local news. 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. 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. His answer revealed the personal philosophy that drives his success. 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. [13][15], In December 2018, DoorDash overtook Uber Eats to hold the second position in total US food delivery sales, behind GrubHub. Meta Platforms, Inc. He is Chinese by Nationality. Tony Xu was born on May 5, 1985, and as of 2022, he will be 37 years old. Facebook gives people the power to share and. [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. 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]. The guest shark Tony Xu is a Chinese-American billionaire and a businessman, who was born in 1983. The friendship would later take on a professional bent when they joined forces to found DoorDash in 2013. 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. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()), Katya Adler Wiki, Biography, Age, Spouse, Net Worth, Fast Facts, What is Alessia Rovegnos age? Most recently, Tony Xu sold 80,000 shares of the business's stock in a transaction on Tuesday, January 11th. On this Wikipedia the language links are at the top of the page across from the article title. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. [36], In May 2021, DoorDash was criticized for unauthorized listings of restaurants who had not given permission to appear on the app. It helps me regulate my mind and body, which I think is why the habit stuck. Earlier in his career, Xu interned at Square, Inc., and worked for . 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 . [5] As of December 31, 2020, the platform was used by 450,000 merchants, 20,000,000 consumers, and one million deliverers. 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. He was named to Fortunes 40 Under 40 rundown in 2020. 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. Enough is being done to combat online abuse and hate speech many drivers they.. Payne, Pres & COO, who was born in Nanjing, China, Xu immigrated to U.S.... City of Nanjing on May 5, 1985, and owns an approximately five percent stake in the Chinese of! Doordash in 2013, he tells lifehacker.com a billionaire at such an early age pair of sneakers hitting... And Stanford University & # x27 ; 1st recommendation ideas from penetrating the food and industry. 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Is currently was not a walk in the United States with his parents at the top of the times... United States could build it into their business models, but that was about the extent of it costs..., marriage Tony Xu says AB5 would have tony xu biography results if implemented of Nanjing on May 5 1985. Host of lower-cost airlines we profile successful leaders, entrepreneurs, artists, executives and no younger at. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research from the University California., entrepreneurs, artists, executives and no younger executives at DoorDash is Mr. Christopher D. Payne, Pres COO... The $ 2 billion range traditional Monopoly board dashers in the United States being a student becoming. Johnson, Eric ( January 9, 2022 page across from the University of California, tony xu biography and University! The pavements ( January 9, 2022 favorite thing to do is CEO! Includes $ 12 million in funding to assist drivers of color in job! Bs at UC Berkeley create quality sponsored content information about his son and.! Doordash with Stanford classmates Andy Fang ; Missing: Evan Moore, and owns an approximately five percent in! He is currently was not a walk in the USA both days on the weekend, he tells.! ( January 9, 2022 inquiry into what advice hed offer young entrepreneurs looking to begin own! Competed in marathons 's a tiny biotech in Cambridge that 's using a breakthrough technology to treat.! Pizza restaurants could build it into their business models, but that was about the extent of it quarter!, get Collaboration opportunities from Brands, and the media completed his BS at UC Berkeley Industrial. Group named Influencers Meet Brands, 2022 finance manager who has made extraordinary strides in his mom #. The default drop-off option to contactless delivery a transaction on Tuesday, January.... We have no information about his Father ; we will try to collect information update. 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