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? 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. Tony Xu CEO and Co-founder at DoorDash Stanford, CA. He owns 4.6% plus options. 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. 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. "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? Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Tony Xu Tony Xu is the co-founder and CEO of DoorDash. January 11, 2022. We cant say their name. He eventually settled on Tony after actor Tony Danza, who at the time was starring in Xus favorite TV show, Whos the Boss?. Contact. DoorDash's fourth co-founder, however, is largely overlooked. [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. Insiders at DoorDash own 12.1% of the company. The shares were sold at an average price of $141.90, for a transaction totalling $11,352,000.00. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. October 26th, 2022, 2:06 PM PDT. It was really hard for a small business to know how many drivers they need. He was appointed board chair in November 2020. Tony Xu's . His exact net worth is unknown. 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. Tony Xu has not been actively trading shares of DoorDash over the course of the past ninety days. [75], In July 2021, DoorDash drivers went on strike to protest lack of tip transparency and to ask for higher pay. 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. He changed his name when he was five. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. [19], In October 2019, DoorDash opened its first ghost kitchen, DoorDash Kitchen, in Redwood City, California, with four restaurants operating at the location. We have no more Information about his Father; we will try to collect information and update soon. Others named Tony Xu. [25] He and his wife Patti met at church while they were undergraduates at Berkeley and married in 2013; the couple have two children. Spotting a gap in the market, Xu and his fellow Stanford classmates, Stanley Tang, Andy Fang, and Evan Moore, set out to fill it. In 2021, Tony Xu earned a modest annual compensation of around 300,000 USD. Mr. Xu holds a B.S. Find out more as we take you through ten things you didn't know about Tony Xu. As of 2023, the estimated net worth of Tony Xu ranges between 1.5-2.5 billion USD. 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. [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. View the profiles of people named Tony Xu. [70][71][72][73] The plaintiffs stated that this arrangement increases the cost for dine-in customers, as they are required to subsidize the cost of delivery; and that the apps charge exorbitant fees, which range from 13% to 40% of revenue, while the average restaurant's profit ranges from 3% to 9% of revenue. Matthew Lorber (Entrepreneur) Wiki, Biography, Age, Girlfriend, Family, Facts, and Many More. The company is based in San Francisco, California. As the CEO of DoorDash, Inc., Mr. Xu earned a total compensation package of $300,297.00 in 2021. Tony Xu is known for Entrapment (1999), Spy Game (2001) and On Dangerous Ground (1996). It delivers meals and more from 390,000 restaurants and other merchants like CVS. DoorDash is America's largest food delivery 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. BREAKING: Tiny biotech successfully treats blindness. Facebook gives people the power to share and. DoorDash co-founder and CEO Tony Xu has joined Meta's board of directors, the Facebook parent company announced on Tuesday. Discover the habits and routines of 50 of the world's most successful people with our latest ebook, Daily Routines. In 1989 his parents emigrated to Champaign, Illinois, in the United States of America. Tony Xu Biography. Recode. 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 guest shark Tony Xu is a Chinese-American billionaire and a businessman, who was born in 1983. Written by hao. Tony Xu's largest sale order was 80,000 units, worth over . Growing up, his mom worked as a server at a Chinese restaurant. 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 creative thinker, and he always lk fr opportunities t convert ideas n action, along with his brand of creativity nt vr aspect of important Life, nd develop strategies fr innovation. Download it now on Amazon. Email. [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. The life of a CEO might be a constant whirlwind of meetings and conference calls, but Xu makes sure to schedule some regular downtime to relax. He is around35 years old [Not Confirmed] as of 2020. More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro. In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. We have no more Information about his Father; we will try to collect information and update soon. Being the CEO of a multi-billion dollar company is a huge achievement for any financial specialist. He owns 4.6% plus options. In 2013, he co-founded DoorDash, the on-demand food delivery company that on Wednesday announced it had filed for an IPO . The couple, who met in church, share a two-year-old daughter named Olivia. 0. 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. [4] It also has a 60% market share in the convenience delivery category. Tony Xu, MBA '13, is the cofounder and CEO of DoorDash. His height is 1.69 m and he weighs 72 kg. It also generated $1 billion in losses last year. This net worth approximation does not reflect any other investments that Mr. Xu may own. Then you can join our Facebook Group named Influencers Meet Brands. Xu was born in the Chinese city of Nanjing on May 5, 1985. (1 Vote) Very easy. In recent times, interested individuals might have seen Maezawas name in, Read More 10 Things You Didnt Know about Maezawa YusakuContinue. [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. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. His mother's name Julie Cao was a specialist in China before moving to the United States of America where she worked in a cafe and rearranged many responsibilities to pay for her . In 2013, Xu helped found DoorDash with Stanford classmates Andy Fang, Evan Moore and Stanley Tang. 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. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. As a first-generation American who grew up working in his moms restaurant, Tony started DoorDash to help small business owners succeed. Do you wanna know the Tony Xu's full Biodata? His Girlfriend/boyfriends name is Not Available. [24], Xu lives in San Francisco. Tony is followed by two additional co-founders. 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 . Initially, Tony along with his classmates started with an Idea of food-delivery app which will help small business owners. in Industrial Engineering and Operations Research from the University of California, Berkeley and an M.B.A. from the Stanford Graduate School of Business. 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. DoorDash CEO Tony Xu and co-founders Andy Fang and Stanley Tang have joined the billionaires club. 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. He was named to Fortunes 40 Under 40 rundown in 2020. The One Ticker Retirement Plan Over the Shoulder Demo Now Available, Market Wizard Larry Benedict crushed the market in 2022. 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 . DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. Tony Xu was born on May 5, 1985, and as of 2022, he will be 37 years old. 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. 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. He was photographed at Monster Pho in Oakland. Tony has 2 jobs listed on their profile. Among the questions asked was an inquiry into what advice hed offer young entrepreneurs looking to begin their own startups. 2023 Forbes Media LLC. Eventually, he decided to return to education by taking a business course at Stanford. Cofounders Andy Fang and Stanley Tang, who Xu met while they were all studying at Stanford, own about 4% each. Humbled and honored to have won the CTO of the year at the 2022 Digital Masters Awards. 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. 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. About Tony Xu. 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 . 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. Tony Xu. 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 . The friendship would later take on a professional bent when they joined forces to found DoorDash in 2013. Tony Xus Net Worth in 2022 Tony Xus total net worth is estimated to be approximately $2 billion as of June 2022. History. Xu keeps his position as CEO and claims about 5% of the organization. In 2021, Xu and his wife signed the Giving Pledge. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. [35] By August 2022, the stock was trading at $82 per share. Tony Xu (DoorDash CEO) Wiki, Biography, Age, Family, Facts and More, Andrew Carnegie Wiki, Biography, Net Worth, Age, Family, Facts and More. Tony worked in Product at Square, led special projects for the CEO and CFO at eBay, and began his career at McKinsey and Company. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. Xu has served as CEO of DoorDash since 2013 and was appointed the . January 31, 2021. The highest earning executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who commands a salary of $350,930.00 per year. Before Starting DoorDash, Tony has worked in a few prominent companies like Product at Squareand McKinsey and Company. With a 5.2 percent interest in DoorDash, CEO Tony Xu is the company's largest shareholder. As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. The food delivery platform's initial public offering pushed Xu's net worth to approximately $3.1 . His mother was the inspiration for DoorDash, 6. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. He hails from Nanjing, China. In the last year, insiders at the sold shares 40 times. However, Forbes has estimated his net worth to be approximately $1.9 billion. Former England defender Rio Ferdinand says not enough is being done to combat online abuse and hate speech. 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. On Daily Routines, we profile successful leaders, entrepreneurs, artists, executives and athletes to explore their routines, schedules, habits . He is Chinese by Nationality. Easy. The company also said it had changed the default drop-off option to contactless delivery. 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. November 12, 2018. Initially, he and other DoorDash employees were transporting food. Johnson, Eric (January 9, 2019). 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