Fighting for the underdog is part of who I am and what we stand for as a company. He has an extremely effective life both in family and profession. 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. Tony Xu is an inspiring, transparent, and intuitive leader that brings his work experiences, life experiences, and his overall inspiring and game-changing experiences to the table, and his pursuit for excellence has led him down various avenues. Among the questions asked was an inquiry into what advice hed offer young entrepreneurs looking to begin their own startups. Wiki, Biography, Age, Spouse, Net Worth, Fast Facts. DoorDashs IPO in 2020 has expanded Tonys total net worth to this level. 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. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. DoorDash can also be reached via phone at 650-487-3970 and via email at [emailprotected] Learn More on Tony Xu's contact information. Xu was born in the Chinese city of Nanjing on May 5, 1985. Ying Li - Wife; deceased. Also, we have no idea about his brother and sister, and we dont know their names either. The strike occurred after DoorDash rewrote its code to cut off access to Para, a third-party app that drivers had been using to see the full tip amounts. So, naturally enough, he decided to change it. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. Tony Xu Net Worth - DoorDash CEO Salary. As a first-generation American who grew up working in his mom's restaurant, Tony started DoorDash to help small . [14] In the summer of 2013, it received $120,000 in seed money from Y Combinator in exchange for a 7% stake. On 9th December 2020, his company launched IPO, which made him a billionaire at such an early age. Insiders at DoorDash own 12.1% of the company. 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 Sales Manager- Shanghai PYTES Energy Co., Ltd. . View the profiles of people named Tony Xu. He came with his parents from Nanjing, China, in 1989, when he was five, with only $300 in their pockets, but unlimited . Now, his relationship is perfect. 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. Not much is known about his family and his personal Life. Xu was born in China and moved to the U.S. at age five. What is Tony Xu's Past Insider Trading? Tony Chiu-Wai Leung. The couple, who met in church, share a two-year-old daughter named Olivia. Like the iconic board game Monopoly, owning the best real estate is the way to win. DoorDash Inc. is an American on-demand prepared food delivery service. Name. Title. Back in 2018, Xu took part in a question/ answer session at Quora (https://www.quora.com/profile/Tony-Xu). 2023 Forbes Media LLC. Xu was born in the Chinese city of Nanjing on May 5, 1985. The project presents another step towards the reality of digital clothing interoperability across the metaverse. His height is 1.69 m, and he weighs 72 kg. DoorDash CEO Tony Xu says drivers don't want to give up the flexibility afforded by their independent-contractor status. PALO ALTO, U.S. -- Tony Xu, co-founder and CEO of U.S. food delivery giant DoorDash, has always had a need for speed. DoorDash is America's largest food delivery service. Current positions of Tony Xu. Occupation Xu started his career as an understudy at Square, Inc., a banking and money and automated installment startup startup, and later worked on business improvements for the online business application RedLaser. "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? Tony Xu CEO and Co-founder at DoorDash Stanford, CA. In 2012, this meeting was the predecessor of the transport organization PaloAltoDelivery.com. The food delivery platform's initial public offering pushed Xu's net worth to approximately $3.1 . Tony Xu, 33, is a co-founder and chief executive of the DoorDash on-demand food-delivery start-up. 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. We have no more Information about his Father; we will try to collect information and update soon. Tony Xus fortune is estimated to be in the $2 billion range. Born in Nanjing, China, Xu came to America with his parents and grew up working in a restaurant alongside his mom. This site uses Akismet to reduce spam. Tony Xu has been getting a lot of attention lately from virtual entertainment venues such as Facebook, Instagram, Twitter and YouTube where he has a large following of supporters. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. [1][7] He has voting authority over all Class B shares, giving him control of DoorDash with 69 percent of the voting interest, as of December 2020. CEO of DoorDash. 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. 9 months. [4] It also has a 60% market share in the convenience delivery category. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. For most establishments, the costs of delivering food from their door to the customers made it unviable. About Tony Xu. [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. Learn how your comment data is processed. Price Range (last 24 months) None Reported. 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. [40], DoorDash began expanding into international markets in 2015, launching in Toronto, Canada. Tony Xu's largest purchase order was 121,895 units, worth over $315.97K on September 16, 2021. History. Tony Xu. Xu was born in China but moved to the US with his family when he was 4. 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 cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. January 11, 2022. He and his younger sister were raised by their mother after his father left them. 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 partnership with the NUL includes $12 million in funding to assist drivers of color in building job skills and financial literacy. He is Chinese by Nationality. Actor: In the Mood for Love. Its a company that focuses on direct to consumer delivery of modern furniture that is reasonably priced in original designs. Tony Xu is married and his wife is named Patti. The experience proved invaluable, as he later discussed with davidsnotes.substack.com. They have two children together. Prior to the move, Xus mother had practiced medicine. Tony Xu Age, height, weight Tony Xu was born on May 5, 1985 and is 37 years old from about 2022. After graduating, he spent several years working in tech with the likes of McKinsey and eBay. Even more astonishingly, hes still only 35 years old. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. We have no information about his girlfriend/boyfriend. The result was DoorDash, a company thats grown from tiny beginnings into the USs leading third-party food delivery provider. Initially, he and other DoorDash employees were transporting food. There are 6 older executives and no younger executives at DoorDash. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. (Podcast). Raza . In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. Spoken Languages. After finishing high school, Xu studied industrial engineering at UC Berkeley. 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. It incorporated as DoorDash in June 2013. He hails from Nanjing, China. He holds a B.S. His testimony, including admissions that he stole money, is likely to hurt him in future trials. I run in the mornings two or three times during the week, and both days on the weekend, he tells sequoiacap.com. [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. He was named in Fortunes 40 Under 40 list in 2020. Dr. Tony Xu was a brilliant researcher who rose to prominence at the University of Hong Kong. [25] He and his wife Patti met at church while they were undergraduates at Berkeley and married in 2013; the couple have two children. [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]. Tony Xu Biography. The most recent insider tranaction occured on February, 23rd when Director Stanley J Meresman sold 15,000 shares worth more than $865,050.00. Matthew Lorber (Entrepreneur) Wiki, Biography, Age, Girlfriend, Family, Facts, and Many More. November 12, 2018. Experience. Unfortunately, her medical license wasnt recognized in the US and she was forced to give up her career to work in a restaurant instead. In 2021, Tony Xu earned a modest annual compensation of around 300,000 USD. DoorDash co-founder and CEO Tony Xu has joined Meta's board of directors, the Facebook parent company announced on Tuesday. Xu keeps his position as CEO and claims about 5% of the organization. His mother, Julie Cao, was[6] previously a doctor in China. Tony Xu. He has a date night with his wife every Friday, 10 Things You Didnt Know About Frederic Lalonde, 10 Things You Didnt Know About Maria Rioumine, 10 Things You Didnt Know about Anand Sambasivan, 10 Things You Didnt Know About Aamir Baig, 10 Things You Didnt Know about Gary Gysin, 10 Things You Didnt Know about Maezawa Yusaku, he later discussed with davidsnotes.substack.com, How Bebe Rexha Achieved a Net Worth of $10 Million, The 20 Worst Cities for Human Trafficking in the World, How Simu Liu Achieved a Net Worth of $4 Million, The 20 Best Chevy Muscle Cars of All-Time, How Lizzo Achieved a Net Worth of $40 Million. [13][14], In 2020, Xu was included in Fortune's "40 Under 40" list. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. 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. [74], On May 4, 2019, DoorDash confirmed 4.9 million customers, delivery workers and merchants had sensitive information stolen via a data breach. [17] By early 2019, DoorDash was the largest food delivery provider in the U.S., as measured by consumer spending. Too much a liability for any self-respecting University, Xu was unemployable upon release. 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. My least favorite thing to do is the laundry, he tells lifehacker.com. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. [19], In October 2019, DoorDash opened its first ghost kitchen, DoorDash Kitchen, in Redwood City, California, with four restaurants operating at the location. But it's too early to write off Klarna. In the summer of 2013, it received $120,000 in seed money from Y . Drivers then only directly received the part of the tip that exceeded the guaranteed minimum per order. This page has information about Tony Xu, who Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. Enter your email address below to get our daily insider buying and selling report. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. We cant say their name. 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. [5][26], Xu enjoys running and used to participate in marathons. The One Ticker Retirement Plan Over the Shoulder Demo Now Available, Market Wizard Larry Benedict crushed the market in 2022. The IPO of DoorDash in 2020 increased Tonys net worth to this level. [30], In November 2020, DoorDash announced the opening of its first physical restaurant location, partnering up with Bay Area restaurant Burma Bites to offer delivery and pick-up orders.[31][32]. The estimated net worth of Tony Xu is at least $4.37 million as of September 14th, 2021. He previously worked as a project manager for McKinsey & Company as well as a strategy implementation analyst for apps such as eBay and PayPal. [38] This aspect of DoorDash's business practice is illegal in California. [4] He and his wife Patti are signatories to the Giving Pledge. Later, he pursued an MBA from the Stanford Graduate School of Business. He has voting rights over all Class B resources, giving Xu 69% democratic command over DoorDash as of December 2020. 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