[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. He was appointed board chair in November 2020. He hails from Nanjing, China. 1. Mr. Xu holds a B.S. Easy. Xu keeps his position as CEO and claims about 5% of the organization. Xu was born in the Chinese city of Nanjing on May 5, 1985. The guest shark Tony Xu is a Chinese-American billionaire and a businessman, who was born in 1983. Why? 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. The friendship would later take on a professional bent when they joined forces to found DoorDash in 2013. Prior to co-founding DoorDash. If customers tip over a set amount for the order total, Doordash hides a portion of the tip until the delivery is complete. [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. The corporate mailing address for Mr. Xu and other DoorDash executives is , , . Save my name, email, and website in this browser for the next time I comment. He owns 4.6% plus options. Xu has said his immigrant parents, and especially his mother's restaurant work, helped inspire DoorDash. 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. In the last year, DoorDash insiders bought shares 2 times. 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. They purchased a total of 573,500 shares worth more than $49,963,096.52. Tony Xu hasn't provided a bio yet. [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 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. 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 . Initially, he and other DoorDash employees were transporting food. Its a company that focuses on direct to consumer delivery of modern furniture that is reasonably priced in original designs. Tony Xu is focused on DoorDash's long-term vision. Eventually, he decided to return to education by taking a business course at Stanford. Tony Xu Achievements and Awards Tony Xu is certainly not a remarkable or notable TV character, so he has no honor or achievements in his day to day existence or profession. [3], With a 56% market share, DoorDash is the largest food delivery company in the United States. We learned a couple of interesting observations, he said. 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. Drivers then only directly received the part of the tip that exceeded the guaranteed minimum per order. [62][63] The case was referred to arbitration in August 2020. The highest earning executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who commands a salary of $350,930.00 per year. 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 . [13][15], In December 2018, DoorDash overtook Uber Eats to hold the second position in total US food delivery sales, behind GrubHub. 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. [40], DoorDash began expanding into international markets in 2015, launching in Toronto, Canada. He depicts himself as an avid ball fan and lets his ability to teach English to the game and the media. DoorDash exists today to empower those like my Mom who came here with a dream to make it on their own. Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. The food delivery platform's initial public offering pushed Xu's net worth to approximately $3.1 . It incorporated as DoorDash in June 2013. In 2013, Xu co-founded DoorDash with Stanford classmates Andy Fang, Evan Moore, and Stanley Tang. Join Facebook to connect with Tony Xu and others you may know. Initially, Tony along with his classmates started with an Idea of food-delivery app which will help small business owners. Write Tony Xu' 1st recommendation. He is Chinese by Nationality. Tony Xu Tony Xu is the co-founder and CEO of DoorDash. They couldnt deal with special events like a football game or Valentines Day.. Tony Xu CEO & Co-Founder. DoorDash CEO Tony Xu and co-founders Andy Fang and Stanley Tang have joined the billionaires club. Xu was born in China but moved to the US with his family when he was 4. [11][12][13], In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. The most recent insider tranaction occured on February, 23rd when Director Stanley J Meresman sold 15,000 shares worth more than $865,050.00. [17] By early 2019, DoorDash was the largest food delivery provider in the U.S., as measured by consumer spending. Fighting for the underdog is part of who I am and what we stand for as a company. Across America, smaller cities and less-populated states are offering cash and perks to lure remote workers away from big metropolitan areas. 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. He came with his parents from Nanjing, China, in 1989, when he was five, with only $300 in their pockets, but unlimited . 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. Jan. 12, 2018 11 AM PT. They have two children together. The mothers name is Not Available. [75], In July 2021, DoorDash drivers went on strike to protest lack of tip transparency and to ask for higher pay. 9 months. Current positions of Tony Xu. Tony Xu. It is a Platform where Influencers can meet up, Collaborate, Get Collaboration opportunities from Brands, and discuss common interests. Master of Business Administration, Stanford Graduate School of Business; Bachelor of Arts/Science, University of California, Berkeley. Since. 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. We have no information about his girlfriend/boyfriend. [19], Xu has invested in the blockchain technology provider Alchemy,[20] as well as the ghost kitchens All Day Kitchens and Local Kitchens. DoorDashs first stock sale, which Xu was credited with driving, made him a tycoon at age 36. The oldest executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who is 54 years old. [83], In terms of delivery, DoorDash has an algorithm that plans routes automatically and can choose a faster route. We cant say their name. [5] In 1989, his parents immigrated to Champaign, Illinois. Fittingly, Tony Xu, now 35, would end up being "the boss" himself. PALO ALTO, U.S. -- Tony Xu, co-founder and CEO of U.S. food delivery giant DoorDash, has always had a need for speed. [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. Founder of DoorDash, Inc., Tony Xu is Chief Executive Officer & Director at this company. View the profiles of people named Tony Xu. He is also the CEO of a travel company called Hopper. [64] Under pressure, the company revised its policy. He owns 4.6% plus options. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Meta Platforms, Facebook's freshly-minted parent company, named DoorDash co-founder and Chief Executive Officer Tony Xu to its board of directors on Tuesday. Tony Xu's Height, Weight & Body Measurement. Name. See the complete profile on LinkedIn and discover Tony's connections and jobs at similar companies. [46], The company expanded its service offerings in 2020, adding grocery delivery initially in California and the Midwest in August 2020. 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. [9], In 2018, DoorDash launched Project DASH, a partnership with local food security organizations to deliver donations to those in need. 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. 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. He and his co-founders started DoorDash to help local businesses like that restaurant succeed. His testimony, including admissions that he stole money, is likely to hurt him in future trials. He started DoorDash to help small . He is around35 years old [Not Confirmed] as of 2020. Mr. Xu is currently 38 years old. At the time of the strike, and as of June 2022, DoorDash did not allow drivers to see the full tip amounts prior to accepting a delivery in the app. Tony received a Bachelor of Arts degree from Amherst College and a Master of Business Administration from MIT Sloan. [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. Read More . 4. 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. Xu met his co-founders at Stanford. He was included in Fortune's "40 Under 40" list in 2020. A year later, he decided he'd had enough of trying to teach his classmates and teachers how to pronounce his name. Tony Xu was born on May 5, 1985, and as of 2022, he will be 37 years old. The company also said it had changed the default drop-off option to contactless delivery. The IPO of DoorDash in 2020 increased Tonys net worth to this level. I run in the mornings two or three times during the week, and both days on the weekend, he tells sequoiacap.com. 2023 Forbes Media LLC. 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. Xu Wenwu was the legendary leader of the Ten Rings, named after his ancient weapons. He hails from Nanjing, China. The Wall Street Journal If you know some information, please comment below. We have no more Information about his Father; we will try to collect information and update soon. [77], In 2017, a class action lawsuit was filed against DoorDash for allegedly misclassifying delivery drivers in California and Massachusetts as independent contractors. BREAKING: Tiny biotech successfully treats blindness. Tony Xu is married and his wife is named Patti. DoorDash is focused on being the restaurant industrys last-mile solution and has grown into a $700 million leader in the on-demand space. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Now, his relationship is perfect. Terrible insurance policies often prevent innovative new ideas from penetrating the food and beverage industry. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. When DoorDash went public in early 2021, its valuation soared to US$32 billion. CEO Tony Xu told employees that 1,250 corporate workers would be let go as part of a broader cost-cutting initiative. Cofounders Andy Fang and Stanley Tang, who Xu met while they . His exact net worth is unknown. Information on this page was last updated on 2/23/2023. Changs China Bistro and Dunkin Donuts, while also championing corner restaurants like the one Xu grew up in. In 2021, Xu and his wife signed the Giving Pledge. ", "2021 Edison Trends U.S. Not much is known about his family and his personal Life. Frederic Lalonde is a North American businessman and entrepreneur. It would be the same household chore thats a bugbear for the rest of us. [20], In January 2020, it was reported that DoorDash had lied about skimming tips from its drivers, causing them to earn an average of $1.45 an hour after expenses, and that after the company had allegedly overhauled its tipping system, DoorDash was still manipulating per-delivery payouts at the expense of drivers. Facebook gives people the power to share and. 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. Mr. Xu earned a salary of $300,000.00, and other compensation of $297.00.There are 3 executives that earn more than Mr. 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. 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. 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 . 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? Too much a liability for any self-respecting University, Xu was unemployable upon release. He was photographed at Monster Pho in Oakland. Starting with restaurants, DoorDash is building the infrastructure and logistics platform to allow any local merchant to deliver. 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 . His height is 1.69 m and he weighs 72 kg. We have no more information about his spouse. Also, we have no idea about his brother and sister, and we dont know their names either. And it was fortunate he did while studying at the university, he met and made friends with Andy Fang, Stanley Tang and Evan Moore. This was to rein in expenses. 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. Written by hao. 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. 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. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. November 12, 2018. NPR. His mother, Julie Cao, was[6] previously a doctor in China. Despite the pressure of running DoorDash, Xus priority is clearly his family. Tony Xu has not been actively trading shares of DoorDash over the course of the past ninety days. Xu married his wife Patti shortly after launching DoorDash. DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. It helps me regulate my mind and body, which I think is why the habit stuck. Even more astonishingly, hes still only 35 years old. 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 . DoorDash is America's largest food delivery service. The estimated net worth of Tony Xu is at least $4.37 million as of September 14th, 2021. History. [67][68][69], In April 2020, in the case of Davitashvili v. GrubHub Inc. DoorDash, Grubhub, Postmates, and Uber Eats were accused of monopolistic power by only listing restaurants on their apps if the restaurant owners signed contracts which include clauses that require prices be the same for dine-in customers as for customers receiving delivery. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. 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. After finishing high school, Xu studied industrial engineering at UC Berkeley. This page has information about Tony Xu, who [45] In June 2022, the company expanded into the Wellington Region of New Zealand. She later opened acupuncture and health centers in Champaign and the San Francisco Bay Area. Xu Shang-Chi - Son. This chart shows Tony Xu's buying and selling at DoorDash by year and by quarter. Tony Xus Net Worth in 2022 Tony Xus total net worth is estimated to be approximately $2 billion as of June 2022. Do Not Sell or Share My Personal Information. Xu has stated that the eating activities of his foreign guardians, especially his mothers, influenced the making of DoorDash. founded by Stanford students Tony Xu, Stanley Tang, Andy Fang and Evan Moore. According to a filing made public Monday, DoorDash plans to list 33 million shares, at a price range between $75 to $85 per share. 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. The result was DoorDash, a company thats grown from tiny beginnings into the USs leading third-party food delivery provider. }); If you are a Model, Tiktoker, Instagram Influencer, Fashion Blogger, or any other Social Media Influencer, who is looking to get Amazing Collaborations. In just four years, DoorDash has become the industry standard for restaurant delivery, serving as the primary off-premise partner for the countrys most prominent chains including The Cheesecake Factory, Chipotle, Wendy's, P.F. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. For most establishments, the costs of delivering food from their door to the customers made it unviable. [10][70][71][72][73] Although several preliminary documents in the case have now been filed, a trial date has not yet been set. [70][71][72][73] The lawsuit seeks treble damages, including for overcharges, since April 14, 2016 for dine-in and delivery customers in the United States at restaurants using the defendants delivery apps. Tony worked in Product at Square, led special projects for the CEO and CFO at eBay, and began his career at McKinsey and Company. 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. Tony Chiu-Wai Leung. As a first-generation American who grew up working in his moms restaurant, Tony started DoorDash to help small business owners succeed. Get notified the next time Tony Xu buys or sells DoorDash stock. They are in relation from previous few years of a strong relationship. As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. "DoorDash, Inc. 2022 Annual Report (Form 10-K)", "Changes to the DoorDash Leadership Team", "DoorDash, the $13B on-demand food delivery startup, says it has confidentially filed for an IPO", "Which company is winning the restaurant food delivery war? Xu Xun, also known as Tony Xu, is a Chinese-American business magnate who helped found and serve as chairman of the food transportation organization DoorDash. [13][14], In 2020, Xu was included in Fortune's "40 Under 40" list. He was named in Fortunes 40 Under 40 list in 2020. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. He was named to Fortunes 40 Under 40 rundown in 2020. jQuery(document).ready(function($) { All Rights Reserved. Tony Xu is CEO/Co-Founder at DoorDash Inc. See Tony Xu's compensation, career history, education, & memberships. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. 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. Tony Xu is a Managing Director at Goldman Sachs based in New York City, New York. To pursue its mission, DoorDash is building infrastructure for local commerce, enabling merchants to thrive in the convenience economy, giving consumers access to more of their communities, and providing work that empowers. Xu was born in Nanjing, situated in China. DoorDash Inc. is an American on-demand prepared food delivery service. [5] As of December 31, 2020, the platform was used by 450,000 merchants, 20,000,000 consumers, and one million deliverers. His family moved to USA in 1980s and his mother also started a Chinese Restaurant. 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. About Tony Xu. Tony Xu returned to the governing body of Meta Platforms in January 2022. On this Wikipedia the language links are at the top of the page across from the article title. It also generated $1 billion in losses last year. Aanika Biosciences has married the worlds of synbio and insurance to provide companies security to innovate freely. Cofounders Andy Fang and Stanley Tang, who Xu met while they were all studying at Stanford, own about 4% each. Xu appreciates running and has recently competed in endurance races. In a message released to the public, Xu offered 17 weeks severance and 2023 . In 2013, he married his better half, Patti Xu, in the chapel. Actor. [19], In October 2019, DoorDash opened its first ghost kitchen, DoorDash Kitchen, in Redwood City, California, with four restaurants operating at the location. In February 2021, 55% of DoorDash's drivers were women. He was interviewed by Joy Huang, MBA '21, on February 9, 2021 as part of the View From The Top speake. "In the Elevator With DoorDash CEO Tony Xu". It was really hard for a small business to know how many drivers they need. Xu owns 4.6% of the delivery giant while cofounders Andy Fang, 28 . Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California. Spoken Languages. Wenwu is the leader of the Ten Rings and father of Shang-Chi and Xialing. Johnson, Eric (January 9, 2019). In Nanjing, China, Xu co-founded DoorDash with Stanford classmates Andy Fang, 28 & amp co-founder... To know how many drivers they need to know to USA in 1980s and his co-founders started DoorDash help... Has recently competed in endurance races choose a faster route Graduate School of business discover Tony #. 55 % of the page across from the University of California, Berkeley and an MBA from Stanford Graduate of! Doordash began expanding into international markets in 2015, launching tony xu biography Toronto, Canada, including admissions he., own about 4 % each 63 ] the case was referred arbitration. 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See the complete profile on LinkedIn and discover Tony & # x27 ; s long-term vision the. Of $ 297.00.There are 3 executives that earn more than Mr. Xu earned a salary of $ 297.00.There 3... And food delivery provider in the United States of America to help business! $ 1 billion in losses last year, DoorDash insiders bought shares 2 times page was last updated 2/23/2023! $ 300,000.00, and both days on the weekend, he tells sequoiacap.com DoorDash executives,... How many drivers they need or Valentines Day.. Tony Xu returned the. Market share, DoorDash is Mr. Christopher D. Payne, Pres & COO, who met! Early 2019, DoorDash is Mr. Christopher D. Payne, Pres & COO, who 54! 6 ] previously a doctor in China common interests DoorDash to help local businesses like that restaurant succeed my... The case was referred to arbitration in August 2020 later opened acupuncture and health centers in Champaign and the..
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