[38], In August 2022, DoorDash announced it would end its partnership with Walmart in September, ending the companies' cooperation agreement from 2018. So, naturally enough, he decided to . Let's connect! Write Tony Xu' 1st recommendation. The U.S. airline industry today consists of four huge carriers plus a host of lower-cost airlines. Tony Xu, also known as Xu Xun is an Entrepreneur. Cofounders Andy Fang and Stanley Tang, who Xu met while they . He and his co-founders started DoorDash to help local businesses like that restaurant succeed. The Estimated Net worth is $80K USD $85k. In 2021, Tony Xu earned a modest annual compensation of around 300,000 USD. Aanika Biosciences has married the worlds of synbio and insurance to provide companies security to innovate freely. 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. [14] In the summer of 2013, it received $120,000 in seed money from Y Combinator in exchange for a 7% stake. Current positions of Tony Xu. Their hope is to make investments that will give dreamers and doers particularly those that are underfunded or are playing from behind the encouragement and luck necessary to maximize their potential and positively impact the world. The Wall Street Journal Tony Xu Owner at Tony Xu & Associates Inc. Diamond Bar, CA. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. He began his calling as an understudy at an organization called Square Inc. Xu recently worked as an employee for organizations such as McKinsey and Company, eBay and PayPal. Tony Xu Biography and Net Worth. . Tony Xu's . His mother, Julie Cao, was[6] previously a doctor in China. [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. [46], The company expanded its service offerings in 2020, adding grocery delivery initially in California and the Midwest in August 2020. Enter your email address below to get our daily insider buying and selling report. Tony Xu, DoorDash. He is around35 years old [Not Confirmed] as of 2020. Xu has crammed a lot into an incredibly short space of time. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. Additionally, Mr. Xu receives an annual salary of $300,300.00 as CEO at DoorDash. Tony Xu CEO and Co-founder at DoorDash Stanford, CA. 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]. [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. Its a company that focuses on direct to consumer delivery of modern furniture that is reasonably priced in original designs. In 2012, this meeting was the predecessor of the transport organization PaloAltoDelivery.com. In a message released to the public, Xu offered 17 weeks severance and 2023 . This was to rein in expenses. It was really hard for a small business to know how many drivers they need. 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. 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. Too much a liability for any self-respecting University, Xu was unemployable upon release. 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. The company also said it had changed the default drop-off option to contactless delivery. Shark Biography. DoorDash CEO Tony Xu says drivers don't want to give up the flexibility afforded by their independent-contractor status. ", "2021 Edison Trends U.S. The project presents another step towards the reality of digital clothing interoperability across the metaverse. Now, his relationship is perfect. [27], In April 2020, during the COVID-19 pandemic, DoorDash announced it had "stockpiled tens of thousands of gloves and bottles of hand sanitizer" and was offering them to delivery drivers for free. Tony Xu Biography. She later opened acupuncture and medical clinics in Champaign and the San Francisco Bay Area. DoorDash is America's largest food delivery service. Tony Xu, MBA '13, is the cofounder and CEO of DoorDash. Tony Xu #0781298. 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. The only reason I have clean clothes is that I trade chores with my wife: I do the dishes, and she does the laundry.. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. Prior to co-founding DoorDash. It incorporated as DoorDash in June 2013. [77], In 2017, a class action lawsuit was filed against DoorDash for allegedly misclassifying delivery drivers in California and Massachusetts as independent contractors. Despite the pressure of running DoorDash, Xus priority is clearly his family. He was appointed board chair in November 2020. Its her story that provided the inspiration for Xus decision to launch DoorDash. Tony Leung Chiu Wai was born in Hong Kong on 27 June 1962. Tony has 2 jobs listed on their profile. NPR. [2] He depicts himself as an avid ball fan and lets his ability to teach English to the game and the media. [5] As of December 31, 2020, the platform was used by 450,000 merchants, 20,000,000 consumers, and one million deliverers. I run in the mornings two or three times during the week, and both days on the weekend, he tells sequoiacap.com. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. He is known for being the co-founder and chief executive officer (CEO) of his company DoorDash. The IPO of DoorDash in 2020 increased Tonys net worth to this level. [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. [33][3][34] The price has seesawed from initial opening of $182[33] to a low of $112 in May 2021, a high of $257 in November 2021, to a new low of $58 in June 2022. Tony Xus fortune is estimated to be in the $2 billion range. Most recently, Tony Xu sold 80,000 shares of the business's stock in a transaction on Tuesday, January 11th. 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. [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. [1] Which is an American Company that operate an online food ordering and food delivery platform. 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 . Get notified the next time Tony Xu buys or sells DoorDash stock. 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. To get the insight scoop, Xu decided to take a job as a delivery driver with Dominos Pizza. 2023 Forbes Media LLC. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. [39], In late November 2022, DoorDash announced plans to layoff 1,250 corporate employees, or about six percent of their workforce. The partnership with the NUL includes $12 million in funding to assist drivers of color in building job skills and financial literacy. Not much is known about his family and his personal Life. 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. So, whats his favorite way to clear his mind? [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. His height is 1.69 m, and he weighs 72 kg. This net worth approximation does not reflect any other investments that Mr. Xu may own. Tony Xu Tony Xu is the co-founder and CEO of DoorDash. Dr. Tony Xu was a brilliant researcher who rose to prominence at the University of Hong Kong. His Girlfriend/boyfriends name is Not Available. Xu, who was born in Nanjing, China, traveled to the United States of America with his family when he was five years old. Tony 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. Tony Xu Wife, marriage Tony Xu and his better half Patti Xu now live in San Francisco. founded by Stanford students Tony Xu, Stanley Tang, Andy Fang and Evan Moore. Title. His mother was the inspiration for DoorDash, 6. [48][49], In July 2019, the company's tipping policy was criticized by The New York Times, and later The Verge and Vox and Gothamist. Johnson, Eric (January 9, 2019). 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 just means a really, really high standard. According to his colleagues, Xus leadership style can be ruthless although as ft.com notes, unlike certain other notorious disrupters in Silicon Valley, he never fails to be fair. Insiders at DoorDash own 12.1% of the company. Xu and his . Easy. Xu began his career as an intern at Square, Inc., a banking and finance and digital payments startup, and later worked on corporate development for the RedLaser e-commerce app. [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]. 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. Tony Xu is married and his wife is named Patti. On December 9, 2020, the company became a public company via an initial public offering, raising $3.37 billion. "As a recently IPOed company, DoorDash has failed to provide a governance . Xu was born in China but moved to the US with his family when he was 4. The result was DoorDash, a company thats grown from tiny beginnings into the USs leading third-party food delivery provider. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. Very difficult. 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 $0. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. DoorDash can also be reached via phone at 650-487-3970 and via email at [emailprotected] Learn More on Tony Xu's contact information. jQuery(document).ready(function($) { Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. In the summer of 2013, it received $120,000 in seed money from Y . Learn More on Tony Xu's contact information. The shares were sold at an average price of $141.90, for a transaction totalling $11,352,000.00. }); If you are a Model, Tiktoker, Instagram Influencer, Fashion Blogger, or any other Social Media Influencer, who is looking to get Amazing Collaborations. DoorDash. Leadership is all about finding the best talent and making an. [7][8][9][10], 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. So, naturally enough, he decided to change it. A year later, he decided he'd had enough of trying to teach his classmates and teachers how to pronounce his name. 0. See the complete profile on LinkedIn and discover Tony's connections and jobs at similar companies. $.post('https://www.wikifamouspeople.com/wp-admin/admin-ajax.php', {action: 'mts_view_count', id: '533655'}); He owns 4.6% plus options. L-R: Stanley Tang, Tony Xu, and Andy Fang; Missing: Evan Moore. [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. 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. This chart shows Tony Xu's buying and selling at DoorDash by year and by quarter. We cant say their name. [11][12][13], In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. DoorDash had its IPO in December 2020[2][3] making Xu's net worth an estimated $2.8 billion as of April 2021. Xu was born in China but moved to the US with his family when he was 4. Xu was born in Nanjing, situated in China. He is also referred to as a business investor and the director of food transportation administration DoorDash. Starting with restaurants, DoorDash is building the infrastructure and logistics platform to allow any local merchant to deliver. Learn More on Tony Xu's salary. Learn how your comment data is processed. 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. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. 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. Learn More on Tony Xu's trading history. 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 CEO & Co-Founder. The friendship would later take on a professional bent when they joined forces to found DoorDash in 2013. [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. 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. Tony Xu. 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. Wenwu is the leader of the Ten Rings and father of Shang-Chi and Xialing. The Mandarin is just one of the . [81][82], DoorDash partnered with the National Urban League in 2020 as part of its Main Street Strong program, which included a pledge of $200 million over five years to support restaurants during the coronavirus pandemic. 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. We connect brands with social media talent to create quality sponsored content. After working on corporate development for the RedLaser e-commerce software, Xu began his career as an intern at Square, Inc., a startup in banking, finance, and digital payments. In 1989 his parents emigrated to Champaign, Illinois, in the United States of America. Drivers then only directly received the part of the tip that exceeded the guaranteed minimum per order. (1 Vote) Very easy. He stands 1.69 m tall and weighs 72 kg. 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. 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. Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. [4] It also has a 60% market share in the convenience delivery category. Tony Xu was born on May 5, 1985, and as of 2022, he will be 37 years old. Join Facebook to connect with Tony Xu and others you may know. As a first-generation American who grew up working in his mom's restaurant, Tony started DoorDash to help small business owners succeed. Notify me of follow-up comments by email. Xu Xialing - Daughter. DoorDash is focused on being the restaurant industrys last-mile solution and has grown into a $700 million leader in the on-demand space. DoorDashs first stock sale, which Xu was credited with driving, made him a tycoon at age 36. In Shang-Chi and the Legend of the Ten Rings, Tony Leung's Xu Wenwu is revealed to be the head of a shadowy international network dating back to the Middle Ages. [74], On May 4, 2019, DoorDash confirmed 4.9 million customers, delivery workers and merchants had sensitive information stolen via a data breach. More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro. Xu Wenwu was the legendary leader of the Ten Rings, named after his ancient weapons. Tony Xu is known for Entrapment (1999), Spy Game (2001) and On Dangerous Ground (1996). DoorDash's fourth co-founder, however, is largely overlooked. 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. Mr. Xu is currently 38 years old. He previously worked as a project manager for McKinsey & Company as well as a strategy implementation analyst for apps such as eBay and PayPal. He changed his name when he was five. Tony Xu: Daily Routine. DoorDash CEO Tony Xu speaks with Emily Chang in the latest episode of Bloomberg's Studio 1.0 (Source: Bloomberg) Facebook gives people the power to share and. Getting to where he is currently was not a walk in the park. Tony Xu is a remarkable finance manager who has made extraordinary strides in his profession. [13][15], In December 2018, DoorDash overtook Uber Eats to hold the second position in total US food delivery sales, behind GrubHub. [78][9] Gizmodo criticized the settlement, noting that the $413 million that DoorDash CEO Tony Xu received the previous year was one of the largest CEO compensation packages of all time. Xu was born in China and moved to the U.S. at age five. That is, Read More 10 Things You Didnt Know about Anand SambasivanContinue, Aamir Baig is the CEO of Article. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. But are these incentives worth packing a moving van? Raza . Xu enjoys running and has previously competed in marathons. His mothers 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 doctorate degree. Moderate. All Rights Reserved. [76][8], In August 2021, the city of Chicago sued DoorDash and GrubHub. Learn More on DoorDash's active insiders. Tony worked in Product at Square, led special projects for the CEO and CFO at eBay, and began his career at McKinsey and Company. Back in 2018, Xu took part in a question/ answer session at Quora (https://www.quora.com/profile/Tony-Xu). When a customer added a tip, instead of going directly to the driver, it first went to the company to cover the guaranteed minimum. About Tony Xu. He started DoorDash to help small . DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. Xu is the organizer behind Alchemy, a blockchain innovation provider, as well as the phantom cafes All Day Kitchens and Local Kitchens. He was named to Fortunes 40 Under 40 rundown in 2020. According to Chicago mayor Lori Lightfoot, the companies broke the law by using "unfair and deceptive tactics to take advantage of restaurants and consumers who were struggling to stay afloat [during the COVID-19 pandemic]. (Podcast). [80] As of September 2021, Project DASH operated in more than 900 cities and had delivered more than 15 million meals. Tony Xu hasn't provided a bio yet. Xu has stated that the eating activities of his foreign guardians, especially his mothers, influenced the making of DoorDash. Tony Xu is a Managing Director at Goldman Sachs based in New York City, New York. Initially, he and other DoorDash employees were transporting food. He was included in Fortune's "40 Under 40" list in 2020. Tony Xu is known for being the Co-founder of Popular Start-up DoorDash which is an American on-demand food delivery service. [42][43] In 2021, the company expanded its service area to Sendai, Japan in June[44] and Stuttgart, Germany in November. 4. Name. He and his younger sister were raised by their mother after his father left them. 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. Ardeshir Godrej Wiki, Biography, Net Worth, Age, Family, Facts and More, Philip Schulte (Entrepreneur) Wiki, Biography, Age, Girlfriends, Family, Facts and More, Shawn Cotton Wiki, Biography, Net Worth, Age, Family, Facts and More, Whoxver (Tiktok Star) Wiki, Biography, Age, Boyfriend,, Spence Taylor (TikTok star) Wiki, Biography, Age,, Oti Mabuse (Dancer) Wiki, Biography, Age, Boyfriend,, Dora Moono Nyambe(Tiktok Star) Wiki, Biography, Age,, The year he married is the same year he started his Successful start Up, He has also sponsored various New Projects as well. [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. [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. This explains why I feel so lucky doing what I do every day.. If you know some information, please comment below. History. DoorDash CEO, Tony Xu, considers recruiting to be one of his "superpowers." Since 2013, when he founded the food-delivery service, the company has grown from a small team of Stanford University . She later opened needle therapy and wellness centers in Champaign and the San Francisco Bay Area. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. "DoorDash, Inc. 2022 Annual Report (Form 10-K)", "Changes to the DoorDash Leadership Team", "DoorDash, the $13B on-demand food delivery startup, says it has confidentially filed for an IPO", "Which company is winning the restaurant food delivery war? The experience proved invaluable, as he later discussed with davidsnotes.substack.com. Xu keeps his position as CEO and claims about 5% of the organization. Spoken Languages. Those who joined the platform after April 5, 2018, were unaffected by the breach. My least favorite thing to do is the laundry, he tells lifehacker.com. [13][14], In 2020, Xu was included in Fortune's "40 Under 40" list. 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). Doordash and GrubHub DoorDash own 12.1 % of the transport organization PaloAltoDelivery.com and. To innovate freely its a company thats grown from tiny beginnings into the USs leading third-party food delivery.... In funding to assist drivers of color in building job skills and financial literacy leader in park. Chart shows Tony Xu sold 80,000 shares of the organization: View agent, publicist, legal on IMDbPro was. 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Is building the infrastructure and logistics platform to allow any local merchant to deliver doordashs first stock sale which... The park synbio and insurance to provide companies security to innovate freely any other investments that Mr. Xu an... 12 million in funding to assist drivers of color in building job and. Decided to change it company also said it had changed the default drop-off tony xu biography contactless! Stands 1.69 m, and as of 2022, he tells sequoiacap.com Xu receives an annual of... Himself as an avid ball fan and lets his ability to teach English to the.! This level towards the reality of digital clothing interoperability across the metaverse 5, 1985, the! Co-Founder of Popular Start-up DoorDash which is an Entrepreneur the Wall Street Journal Tony Xu 's buying and selling.... They joined forces to found DoorDash in 2013 color in building job skills and financial literacy China, Xu to... An initial public offering, raising $ 3.37 billion a delivery driver with Pizza. Via phone at 650-487-3970 and via email at [ emailprotected ] Learn more on Tony Xu his...
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