His father was a Chinese teacher who earned a Ph.D. in aeronautical engineering and applied mathematics from the University of Illinois at Urbana-Champaign in the United States of America. He was caught after one too many 'exploratory' trips into K&O servers, and spent time in a detention center as a result. 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. Tony Xu, the creator of Doordash, is a multibillionaire Chinese-American businessman who was born in 1983. Back in 2013, Tony Xu was looking into ideas for a business school project when he hit on a problem affecting most restaurants: delivery. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. The shares were sold at an average price of $141.90, for a transaction totalling $11,352,000.00. The guest shark Tony Xu is a Chinese-American billionaire and a businessman, who was born in 1983. A year later, he decided he'd had enough of trying to teach his classmates and teachers how to pronounce his name. It incorporated as DoorDash in June 2013. Tony Xu Wife, marriage Tony Xu and his better half Patti Xu now live in San Francisco. Drivers then only directly received the part of the tip that exceeded the guaranteed minimum per order. [17] By early 2019, DoorDash was the largest food delivery provider in the U.S., as measured by consumer spending. Tony Xu had a strong work ethic from an early age, but it wasn't until he met DoorDash's co-founders - and became a Domino's Pizza delivery driver to test out their theories - that it . It was really hard for a small business to know how many drivers they need. He depicts himself as an avid ball fan and lets his ability to teach English to the game and the media. His motto is to have fun and no regrets, 8. 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. The Mandarin is just one of the . Over the past decade, hes gone from being a student to becoming the head of one of the fastest-growing companies in the US. Portfolio - The Vancouver Sun; Portfolio - MEC; Contact; Main; Bio; Portfolio; Portfolio - The Vancouver Sun; Portfolio - MEC 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. The estimated Net Worth of Tony Xu is at least $341 Thousand dollars as of 15 May 2022. [5] Xu continues to be CEO, and owns an approximately five percent stake in the company. She later opened acupuncture and health centers in Champaign and the San Francisco Bay Area. Terrible insurance policies often prevent innovative new ideas from penetrating the food and beverage industry. As the CEO of DoorDash, Inc., Mr. Xu earned a total compensation package of $300,297.00 in 2021. He continued from the University of California, Berkeley, and then concentrated on business at Stanford University Graduate School of Business. They are in relation from previous few years of a strong relationship. He changed his name when he was five. "[77] DoorDash and GrubHub denied the suit's merits. [19], In October 2019, DoorDash opened its first ghost kitchen, DoorDash Kitchen, in Redwood City, California, with four restaurants operating at the location. It is one of several technology companies.It uses logistics services to offer food deliveries from restaurants on-demand. It went public in December 2020 on NYSE and trades under the symbol DASH. Contact. However, Forbes has estimated his net worth to be approximately $1.9 billion. He came with his parents from Nanjing, China, in 1989, when he was five, with only $300 in their pockets, but unlimited . Information on this page was last updated on 2/23/2023. "As a recently IPOed company, DoorDash has failed to provide a governance . Tony Xu (DoorDash CEO) Wiki, Biography, Age, Family, Facts and More, Andrew Carnegie Wiki, Biography, Net Worth, Age, Family, Facts and More. 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. [1] Which is an American Company that operate an online food ordering and food delivery platform. We learned a couple of interesting observations, he said. Leadership is all about finding the best talent and making an. DoorDash Inc. is an American on-demand prepared food delivery service. Since. Tony Xu at Bloomberg News "DoorDash: Tony Xu". Exp Realty. In February 2021, 55% of DoorDash's drivers were women. 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. Title. More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro. DoorDash exists today to empower those like my Mom who came here with a dream to make it on their own. Tony Xus Net Worth in 2022 Tony Xus total net worth is estimated to be approximately $2 billion as of June 2022. 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. He owns 4.6% plus options. Cofounders Andy Fang and Stanley Tang, who Xu met while they were all studying at Stanford, own about 4% each. Mr. Xu holds a B.S. Editor's note: Last . Xu has served as CEO of DoorDash since 2013 and was appointed the . Truth be told, I find it hard to blame them. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. While the company has . Why? But he hasnt done it with a traditional method. Tony Xu, also known as Xu Xun is an Entrepreneur. 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). We cant say their name. She later opened acupuncture and medical clinics in Champaign and the San Francisco Bay Area. Learn More on DoorDash's active insiders. Back in 2018, Xu took part in a question/ answer session at Quora (https://www.quora.com/profile/Tony-Xu). 1. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. 2 /5. Prior to co-founding DoorDash. [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. In the last year, DoorDash insiders bought shares 2 times. Written by hao. After graduating, he spent several years working in tech with the likes of McKinsey and eBay. He was named in Fortunes 40 Under 40 list in 2020. See the complete profile on LinkedIn and discover Tony's connections and jobs at similar companies. Very difficult. [40], DoorDash began expanding into international markets in 2015, launching in Toronto, Canada. founded by Stanford students Tony Xu, Stanley Tang, Andy Fang and Evan Moore. So, we started the company wanting to help people like her., When the idea for Doordash was still in its infancy, Xu and his fellow founders were eager to learn as much about the food delivery business as possible. He has voting rights over all Class B resources, giving Xu 69% democratic command over DoorDash as of December 2020. BIOGRAPHY/Wiki. Do you wanna know the Tony Xu's full Biodata? In 2013, he married his wife, Patti Xu, in church. [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. [5] In 1989, his parents immigrated to Champaign, Illinois. Also, we have no idea about his brother and sister, and we dont know their names either. He and his younger sister were raised by their mother after his father left them. He is also the CEO of a travel company called Hopper. The oldest executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who is 54 years old. DoorDash can also be reached via phone at 650-487-3970 and via email at [emailprotected] Learn More on Tony Xu's contact information. Tony Chiu-Wai Leung. [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. The company is based in San Francisco, California. 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. DoorDash CEO Tony Xu and co-founders Andy Fang and Stanley Tang have joined the billionaires club. So, naturally enough, he decided to change it. [3], With a 56% market share, DoorDash is the largest food delivery company in the United States. [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. Those who joined the platform after April 5, 2018, were unaffected by the breach. If you dont know your numbers, hes going to ask you the same question five times in a row., If Xu was forced to name his least favorite thing, it wouldnt be boring meetings or never-ending conference calls. In addition, he makes $300,297 as Co-Founder and CEO & Chair at DoorDash Inc. He was appointed board chair in November 2020. Tony Xu is known for Entrapment (1999), Spy Game (2001) and On Dangerous Ground (1996). In 2021, Tony Xu earned a modest annual compensation of around 300,000 USD. His family moved to USA in 1980s and his mother also started a Chinese Restaurant. [62][63], A DoorDash customer filed a class action lawsuit against the company for its "materially false and misleading" tipping policy. Now, his relationship is perfect. 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. Buy now, pay later provider Klarna announced a 71% year-over-year increase in gross merchandise value (GMV) in the US in 2022, and now has more than 8 million monthly active app users in the US. But are these incentives worth packing a moving van? [28] That month, DoorDash became the fastest growing food delivery service. The business has become a huge success in the travel industry, despite the recent issues, Read More 10 Things You Didnt Know About Frederic LalondeContinue, Maria Rioumine is the CEO and co-founder of Agora Systems, a platform that allows electrical contractors to eliminate procurement inefficacies using technology. We connect brands with social media talent to create quality sponsored content. 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. Mr. Xu owns 80,000 shares of DoorDash stock worth more than $4,372,800 as of February 28th. Among the questions asked was an inquiry into what advice hed offer young entrepreneurs looking to begin their own startups. Others named Tony Xu. Fathers name is Not Available. 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. [39], In late November 2022, DoorDash announced plans to layoff 1,250 corporate employees, or about six percent of their workforce. 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 is CEO/Co-Founder at DoorDash Inc. See Tony Xu's compensation, career history, education, & memberships. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. As a first-generation American who grew up working in his mom's restaurant, Tony started DoorDash to help small . From . Aanika Biosciences has married the worlds of synbio and insurance to provide companies security to innovate freely. Learn More on DoorDash's active insiders. 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. Tony Xu and his Husband, Patti Xu Xu, live in San Francisco. [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. Tony Xu's largest purchase order was 121,895 units, worth over $315.97K on September 16, 2021. [14] In the summer of 2013, it received $120,000 in seed money from Y Combinator in exchange for a 7% stake. Tony Xu was born on May 5, 1985, and as of 2022, he will be 37 years old. Xu has said his immigrant parents, and especially his mother's restaurant work, helped inspire DoorDash. 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. Initially, he and other DoorDash employees were transporting food. Tony Xu. Xu Wenwu was the legendary leader of the Ten Rings, named after his ancient weapons. DoorDash grew out of their conversations with merchants, asking what hurdles they faced in growing their own businesses. "Our new Managing Directors represent the best of our firm's dedication to excellence, leadership and client service, and . But we are trying hard to collect all the information about him and will update you soon. Many retailers claim to be a lifestyle brand, but Tractor Supply has earned the title as it serves customers searching for the 'Life Out Here' lifestyle. DoorDash, which employs about 350 people, is based in San Francisco. [16][17][18], In January 2022, Tony Xu joined the board directors of Meta Platforms. Do Not Sell or Share My Personal Information. 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]. [16] By March 2019, it had exceeded GrubHub in total sales, at 27.6% of the on-demand delivery market. in Industrial Engineering and Operations Research from the University of California, Berkeley and an M.B.A. from the Stanford Graduate School of Business. [24], Xu lives in San Francisco. He stands 1.69 m tall and weighs 72 kg. Write Tony Xu' 1st recommendation. I run in the mornings two or three times during the week, and both days on the weekend, he tells sequoiacap.com. 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. He previously worked as a project manager for McKinsey & Company as well as a strategy implementation analyst for apps such as eBay and PayPal. Download it now on Amazon. Starting with restaurants, DoorDash is building the infrastructure and logistics platform to allow any local merchant to deliver. (1 Vote) Very easy. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. The highest earning executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who commands a salary of $350,930.00 per year. Fittingly, Tony Xu, now 35, would end up being "the boss" himself. ", "2021 Edison Trends U.S. [75], In July 2021, DoorDash drivers went on strike to protest lack of tip transparency and to ask for higher pay. Prior to the move, Xus mother had practiced medicine. One needs to be proactive before making investment decisions to avoid making a wrong decision. This was to rein in expenses. 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. With a 5.2 percent interest in DoorDash, CEO Tony Xu is the company's largest shareholder. Hes been named to Fortunes 40 under 40, 7. The Estimated Net worth is $80K USD $85k. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer of DoorDash. Founder of DoorDash, Inc., Tony Xu is Chief Executive Officer & Director at this company. He hails from Nanjing, China. He is also referred to as a business investor and the director of food transportation administration DoorDash. DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. There are 6 older executives and no younger executives at DoorDash. This page has information about Tony Xu, who Xu was born in Nanjing, China. [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. 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's . He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. PALO ALTO, U.S. -- Tony Xu, co-founder and CEO of U.S. food delivery giant DoorDash, has always had a need for speed. The result was DoorDash, a company thats grown from tiny beginnings into the USs leading third-party food delivery provider. BREAKING: Tiny biotech successfully treats blindness. Tony Xu Tony Xu is the co-founder and CEO of DoorDash. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. The experience proved invaluable, as he later discussed with davidsnotes.substack.com. His real name is Xu Xun. Difficult. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. In 2013, he married his better half, Patti Xu, in the chapel. Xu Shang-Chi - Son. Wenwu is the leader of the Ten Rings and father of Shang-Chi and Xialing. Johnson, Eric (January 9, 2019). All Rights Reserved. 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[11][12][13], In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. The mothers name is Not Available. He most recently served as a task director for McKinsey and Company and as a systems execution expert for applications such as eBay and PayPal. Then you can join our Facebook Group named Influencers Meet Brands. . He earned degrees from the University of California, Berkeley and Stanford University 's Graduate School . He is Chinese by Nationality. They sold a total of 800,309 shares worth more than $63,347,607.21. Tony Xu is known for being the Co-founder of Popular Start-up DoorDash which is an American on-demand food delivery service. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. [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. 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. Hear the latest economic, business and market news, as well as global, national, and local news. His mother was the inspiration for DoorDash, 6. But later he immigrated to the United States with his parents when he was five years old. Xu owns 4.6% of the delivery giant while cofounders Andy Fang, 28 . [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 Xu returned to the governing body of Meta Platforms in January 2022. We have no more Information about his Father; we will try to collect information and update soon. On Daily Routines, we profile successful leaders, entrepreneurs, artists, executives and athletes to explore their routines, schedules, habits . Master of Business Administration, Stanford Graduate School of Business; Bachelor of Arts/Science, University of California, Berkeley. Xu was born in the Chinese city of Nanjing on May 5, 1985. This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. Cofounders Andy Fang and Stanley Tang, who Xu met while they . Tony Xu CEO & Co-Founder. It was a different license, and we only had $250 in the bank, so we couldnt put her through school. Xu enjoys running and has previously competed in marathons. [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. Changs China Bistro and Dunkin Donuts, while also championing corner restaurants like the one Xu grew up in. If you know some information, please comment below. But in 2020, he was one of the highest paid CEOs in the Silicon Valley, making about 414 million USD in total compensation. Tony Xu's Phone Number and Email Last Update. Unaffected by the breach and father of Shang-Chi and Xialing made extraordinary strides his..., as he later discussed with davidsnotes.substack.com who Xu was born in,! And CEO of a strong relationship the board directors of Meta Platforms in January,. 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