BREAKING: Tiny biotech successfully treats blindness. Moderate. His mother was the inspiration for DoorDash, 6. Learn More on Tony Xu's age. Tony Xu was born on May 5, 1985, and as of 2022, he will be 37 years old. 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. Mr. Xu is currently 38 years old. 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. As of 2023, the estimated net worth of Tony Xu ranges between 1.5-2.5 billion USD. The project presents another step towards the reality of digital clothing interoperability across the metaverse. Also, we have no information about his son and daughter. See full bio . He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. Tony Xu CEO & Co-Founder. His answer revealed the personal philosophy that drives his success. Chart Data in Insider Trading History Table. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. Learn More on Tony Xu's salary. $.post('https://www.wikifamouspeople.com/wp-admin/admin-ajax.php', {action: 'mts_view_count', id: '533655'}); He has voting rights over all Class B resources, giving Xu 69% democratic command over DoorDash as of December 2020. The estimated net worth of Tony Xu is at least $4.37 million as of September 14th, 2021. Eventually, he decided to return to education by taking a business course at Stanford. 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 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. This explains why I feel so lucky doing what I do every day.. We started the company to really help small businesses, people like my mom, hes explained to vox.com. The highest earning executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who commands a salary of $350,930.00 per year. Born in Nanjing, China, Xu came to America with his parents and grew up working in a restaurant alongside his mom. Fill out the form or send an email to tonyxujournalism@gmail.comtonyxujournalism@gmail.com January 31, 2021. The Mandarin is just one of the . Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. [9], In 2018, DoorDash launched Project DASH, a partnership with local food security organizations to deliver donations to those in need. Xu keeps his position as CEO and claims about 5% of the organization. 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. [17] By early 2019, DoorDash was the largest food delivery provider in the U.S., as measured by consumer spending. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. Chinese and pizza restaurants could build it into their business models, but that was about the extent of it. Its her story that provided the inspiration for Xus decision to launch DoorDash. [6], DoorDash has been criticized and sued for withholding tips, reducing tip transparency, antitrust price manipulation, listing restaurants without permission, and allegedly misclassifying workers. . Download it now on Amazon. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. 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 Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. 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. Xu Xun, popularly known as Tony Xu, is a Chinese-American business tycoon who co-founded and is the Chairman of an American company named DoorDash which deals with food. Xu was born in China but moved to the US with his family when he was 4. Editor's note: Last . Tony Xu Xu's own story, like that of many founders, begins an ocean away. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. [77], In 2017, a class action lawsuit was filed against DoorDash for allegedly misclassifying delivery drivers in California and Massachusetts as independent contractors. Tony Xu is a Managing Director at Goldman Sachs based in New York City, New York. Its a company that focuses on direct to consumer delivery of modern furniture that is reasonably priced in original designs. 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? Tony Xu Net Worth - DoorDash CEO Salary. 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 . [11][12][13], In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. Tony Xu #0781298. [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. Hisreal name is Xu Xun. The Estimated Net worth is $80K USD $85k. DoorDash has 12 members of its Management Team, which are its top executives, including CEO Tony Xu. jQuery(document).ready(function($) { Xu enjoys running and has previously competed in marathons. His date of birth is 1985. On 9th December 2020, his company launched IPO, which made him a billionaire at such an early age. 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. Xu has crammed a lot into an incredibly short space of time. So, whats his favorite way to clear his mind? He earned degrees from the University of California, Berkeley and Stanford University 's Graduate School . [13][15], In December 2018, DoorDash overtook Uber Eats to hold the second position in total US food delivery sales, behind GrubHub. Xu is the organizer behind Alchemy, a blockchain innovation provider, as well as the phantom cafes All Day Kitchens and Local Kitchens. [16][17][18], In January 2022, Tony Xu joined the board directors of Meta Platforms. [13][14], In 2020, Xu was included in Fortune's "40 Under 40" list. In 2013, Xu co-founded DoorDash with Stanford classmates Andy Fang, Evan Moore, and Stanley Tang. Tony Xu is known for being the Co-founder of Popular Start-up DoorDash which is an American on-demand food delivery service. This net worth approximation does not reflect any other investments that Mr. Xu may own. [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. His height is 1.69 m, and he weighs 72 kg. Tony Xus fortune is estimated to be in the $2 billion range. Xu owns 4.6% of the delivery giant while cofounders Andy Fang, 28 . "In the Elevator With DoorDash CEO Tony Xu". Xu Wenwu was the legendary leader of the Ten Rings, named after his ancient weapons. Price Range (last 24 months) None Reported. Tony Xu is known for Entrapment (1999), Spy Game (2001) and On Dangerous Ground (1996). [80] As of September 2021, Project DASH operated in more than 900 cities and had delivered more than 15 million meals. Tony Xu: Daily Routine. This was to rein in expenses. Tony Xu is married and his wife is named Patti. 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. [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. Tony Xu (I) Tony Xu. [62][63], A DoorDash customer filed a class action lawsuit against the company for its "materially false and misleading" tipping policy. He started DoorDash to help small . Dr. Tony Xu was a brilliant researcher who rose to prominence at the University of Hong Kong. [3], With a 56% market share, DoorDash is the largest food delivery company in the United States. Xu married his wife Patti shortly after launching DoorDash. Tony Xu Sales Manager- Shanghai PYTES Energy Co., Ltd. . He depicts himself as an avid ball fan and lets his ability to teach English to the game and the media. Born prematurely in Nanjing, China, his parents decided to name him "Xun . There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. However, Forbes has estimated his net worth to be approximately $1.9 billion. founded by Stanford students Tony Xu, Stanley Tang, Andy Fang and Evan Moore. 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. Learn More on Tony Xu's trading history. 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). 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. [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. The food delivery platform's initial public offering pushed Xu's net worth to approximately $3.1 . Join Facebook to connect with Tony Xu and others you may know. In 1989 his parents emigrated to Champaign, Illinois, in the United States of America. Very difficult. Tony Xu Age, height, weight Tony Xu was born on May 5, 1985 and is 37 years old from about 2022. 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. [7] His father was a professor in China who studied aerospace engineering and applied mathematics at the University of Illinois Urbana-Champaign,[1] where he earned his Ph.D.[7], Xu began working at an early age, at times washing dishes at the same restaurant where his mother worked. Initially, Tony along with his classmates started with an Idea of food-delivery app which will help small business owners. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. 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. [1][10], Early in his career, Xu interned at the financial services and digital payments company Square, Inc. and completed business development work for the e-commerce app RedLaser. But we are trying hard to collect all the information about him and will update you soon. In the summer of 2013, it received $120,000 in seed money from Y . 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 was interviewed by Joy Huang, MBA '21, on February 9, 2021 as part of the View From The Top speake. Tony Xu, CEO of DoorDash, is the Business Times' 2021 Executive of the Year. Cofounders Andy Fang and Stanley Tang, who Xu met while they . Career. The corporate mailing address for Mr. Xu and other DoorDash executives is , , . 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. [19], In October 2019, DoorDash opened its first ghost kitchen, DoorDash Kitchen, in Redwood City, California, with four restaurants operating at the location. CEO of DoorDash. 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. Easy. Information on this page was last updated on 2/23/2023. 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. In 2013, he married his better half, Patti Xu, in the chapel. Fittingly, Tony Xu, now 35, would end up being "the boss" himself. In 2013, he co-founded DoorDash, the on-demand food delivery company that on Wednesday announced it had filed for an IPO . Tony Xu's largest sale order was 80,000 units, worth over . When a customer added a tip, instead of going directly to the driver, it first went to the company to cover the guaranteed minimum. 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 . Across America, smaller cities and less-populated states are offering cash and perks to lure remote workers away from big metropolitan areas. Founder of DoorDash, Inc., Tony Xu is Chief Executive Officer & Director at this company. In 2013, he married his wife, Patti Xu, in church. While the company has . Experience. + Add or change photo on IMDbPro . But he hasnt done it with a traditional method. Its less than 10 seconds watch it here. Enter your email address below to get our daily insider buying and selling report. He is also the CEO of a travel company called Hopper. [74], On May 4, 2019, DoorDash confirmed 4.9 million customers, delivery workers and merchants had sensitive information stolen via a data breach. Xu and his . Being the CEO of a multi-billion dollar company is a huge achievement for any financial specialist. Portfolio - The Vancouver Sun; Portfolio - MEC; Contact; Main; Bio; Portfolio; Portfolio - The Vancouver Sun; Portfolio - MEC We connect brands with social media talent to create quality sponsored content. What are the age, height, and weight of Tony Xu? Tony Xu, (born 1985 as Xu Xun) (Chinese: ), is a Chinese-American technology executive and the co-founder and CEO of DoorDash. 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. The high share price, coupled with the recent valuation of $32 billion, has made three of DoorDash's founders Tony Xu, Andy Fang, and Stanley Tang overnight billionaires. This article maps the current industry onto a traditional Monopoly board. I run in the mornings two or three times during the week, and both days on the weekend, he tells sequoiacap.com. Learn how your comment data is processed. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. PALO ALTO, U.S. -- Tony Xu, co-founder and CEO of U.S. food delivery giant DoorDash, has always had a need for speed. 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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 worked in Product at Square, led special projects for the CEO and CFO at eBay, and began his career at McKinsey and Company. Drivers then only directly received the part of the tip that exceeded the guaranteed minimum per order. His ethnicity is Asian. Hear the latest economic, business and market news, as well as global, national, and local news. The company also said it had changed the default drop-off option to contactless delivery. He was named to Fortunes 40 Under 40 rundown in 2020. 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. Learn More on Tony Xu's contact information. 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Tony Xu Biography and Net Worth. There are 6 older executives and no younger executives at DoorDash. 1. [1][8][9] He legally changed his name from Xu Xun to Tony Xu, inspired by his favorite television series Who's the Boss?, in which Tony Danza plays Tony Micelli. [42][43] In 2021, the company expanded its service area to Sendai, Japan in June[44] and Stuttgart, Germany in November. [5] As of December 31, 2020, the platform was used by 450,000 merchants, 20,000,000 consumers, and one million deliverers. 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. Xu, who was born in Nanjing, China, traveled to the United States of America with his family when he was five years old. 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. See the complete profile on LinkedIn and discover Tony's connections and jobs at similar companies. Tony Xu's largest purchase order was 121,895 units, worth over $315.97K on September 16, 2021. 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. As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. Xu has stated that the eating activities of his foreign guardians, especially his mothers, influenced the making of DoorDash. Terrible insurance policies often prevent innovative new ideas from penetrating the food and beverage industry. 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. 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The Wall Street Journal Starting with restaurants, DoorDash is building the infrastructure and logistics platform to allow any local merchant to deliver. 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. 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