Not much is known about his family and his personal Life. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. Tony Xu is focused on DoorDash's long-term vision. His Girlfriend/boyfriends name is Not Available. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Find out more as we take you through ten things you didnt know about Tony Xu. Let's connect! BREAKING: Tiny biotech successfully treats blindness. DoorDash grew out of their conversations with merchants, asking what hurdles they faced in growing their own businesses. 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 Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. [35] By August 2022, the stock was trading at $82 per share. 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. It was really hard for a small business to know how many drivers they need. He was named to Fortunes 40 Under 40 rundown in 2020. So, naturally enough, he decided to change it. He was appointed board chair in November 2020. Very difficult. Prior to the move, Xus mother had practiced medicine. In 2013, he married his wife, Patti Xu, in church. It delivers meals and more from 390,000 restaurants and other merchants like CVS. Tony Leung Chiu Wai was born in Hong Kong on 27 June 1962. As of 2020, it holds the largest market share in the USA. We connect brands with social media talent to create quality sponsored content. Tony Xu: Daily Routine. Cofounders Andy Fang and Stanley Tang, who Xu met while they . We have no more information about his spouse. One needs to be proactive before making investment decisions to avoid making a wrong decision. 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. [75], In July 2021, DoorDash drivers went on strike to protest lack of tip transparency and to ask for higher pay. [6], DoorDash has been criticized and sued for withholding tips, reducing tip transparency, antitrust price manipulation, listing restaurants without permission, and allegedly misclassifying workers. [80] As of September 2021, Project DASH operated in more than 900 cities and had delivered more than 15 million meals. Frederic Lalonde is a North American businessman and entrepreneur. She later opened acupuncture and medical clinics in Champaign and the San Francisco Bay Area. It was founded in 2012. Tony Xu's largest sale order was 80,000 units, worth over . He changed his name when he was five. Regardless of whats happening at work, he always makes sure to clear a space in his calendar on a Friday evening to enjoy a date night with his wife. 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. Today, the company is also focusing efforts on an issue particularly important to Xu, using that same logistical expertise to reduce food waste with the recent launch of Project DASH. He came with his parents from Nanjing, China, in 1989, when he was five, with only $300 in their pockets, but unlimited . [83], In terms of delivery, DoorDash has an algorithm that plans routes automatically and can choose a faster route. "As a recently IPOed company, DoorDash has failed to provide a governance . Portfolio - The Vancouver Sun; Portfolio - MEC; Contact; Main; Bio; Portfolio; Portfolio - The Vancouver Sun; Portfolio - MEC [5] As of December 31, 2020, the platform was used by 450,000 merchants, 20,000,000 consumers, and one million deliverers. All Rights Reserved. [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. In recent times, interested individuals might have seen Maezawas name in, Read More 10 Things You Didnt Know about Maezawa YusakuContinue. Xu appreciates running and has recently competed in endurance races. Later, he pursued an MBA from the Stanford Graduate School of Business. Spotting a gap in the market, Xu and his fellow Stanford classmates, Stanley Tang, Andy Fang, and Evan Moore, set out to fill it. His height is 1.69 m, and he weighs 72 kg. [25] He and his wife Patti met at church while they were undergraduates at Berkeley and married in 2013; the couple have two children. It is a Platform where Influencers can meet up, Collaborate, Get Collaboration opportunities from Brands, and discuss common interests. [16] By March 2019, it had exceeded GrubHub in total sales, at 27.6% of the on-demand delivery market. DoorDashs IPO in 2020 has expanded Tonys total net worth to this level. [62][63] The case was referred to arbitration in August 2020. }); If you are a Model, Tiktoker, Instagram Influencer, Fashion Blogger, or any other Social Media Influencer, who is looking to get Amazing Collaborations. Now, his relationship is perfect. Jan. 12, 2018 11 AM PT. Easy. Xu Shang-Chi - Son. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. [10][70][71][72][73] Although several preliminary documents in the case have now been filed, a trial date has not yet been set. Xu owns 4.6% of the delivery giant while cofounders Andy Fang, 28 . January 11, 2022. Tony Xu is a remarkable finance manager who has made extraordinary strides in his profession. Tony Xu's Phone Number and Email Last Update. What are the age, height, and weight of Tony Xu? He started DoorDash to help small . When DoorDash went public in early 2021, its valuation soared to US$32 billion. [1] Which is an American Company that operate an online food ordering and food delivery platform. Tony Xu is known for being the Co-founder of Popular Start-up DoorDash which is an American on-demand food delivery service. [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. Tony Xu Biography. DoorDashs first stock sale, which Xu was credited with driving, made him a tycoon at age 36. [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. The mothers name is Not Available. Starting with restaurants, DoorDash is building the infrastructure and logistics platform to allow any local merchant to deliver. From . In 2013, he married his better half, Patti Xu, in the chapel. Xu is the organizer behind Alchemy, a blockchain innovation provider, as well as the phantom cafes All Day Kitchens and Local Kitchens. As a first-generation American who grew up working in his moms restaurant, Tony started DoorDash to help small business owners succeed. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. Shark Biography. In the summer of 2013, it received $120,000 in seed money from Y . In February 2021, 55% of DoorDash's drivers were women. Terrible insurance policies often prevent innovative new ideas from penetrating the food and beverage industry. DoorDash's fourth co-founder, however, is largely overlooked. This week, food delivery giant DoorDash went public, seeing its share price skyrocket to $189 within days. 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 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. We started the company to really help small businesses, people like my mom, hes explained to vox.com. Humbled and honored to have won the CTO of the year at the 2022 Digital Masters Awards. Learn More about insider trades at DoorDash. Pulling on a pair of sneakers and hitting the pavements. [39], In late November 2022, DoorDash announced plans to layoff 1,250 corporate employees, or about six percent of their workforce. Mr. Xu owns 80,000 shares of DoorDash stock worth more than $4,372,800 as of February 28th. 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. Tony Xu is married and his wife is named Patti. He eventually settled on Tony after actor Tony Danza, who at the time was starring in Xus favorite TV show, Whos the Boss?. Among the questions asked was an inquiry into what advice hed offer young entrepreneurs looking to begin their own startups. The company also said it had changed the default drop-off option to contactless delivery. [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. Earlier in his career, Xu interned at Square, Inc., and worked for McKinsey & Company, eBay, and PayPal. Matthew Lorber (Entrepreneur) Wiki, Biography, Age, Girlfriend, Family, Facts, and Many More. Julie Cao, his mother's 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 . They are in relation from previous few years of a strong relationship. 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 . 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. 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. He was interviewed by Joy Huang, MBA '21, on February 9, 2021 as part of the View From The Top speake. 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. Tony Xu Tony Xu is the co-founder and CEO of DoorDash. Tony Xu has not been actively trading shares of DoorDash over the course of the past ninety days. DoorDash's initial public offering in 2020, which Xu has been credited for leading,[12] made him a billionaire at the age of 36. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. Chinese and pizza restaurants could build it into their business models, but that was about the extent of it. [42][43] In 2021, the company expanded its service area to Sendai, Japan in June[44] and Stuttgart, Germany in November. Hear the latest economic, business and market news, as well as global, national, and local news. Recurring Shark. The friendship would later take on a professional bent when they joined forces to found DoorDash in 2013. "Our new Managing Directors represent the best of our firm's dedication to excellence, leadership and client service, and . Learn More on DoorDash's active insiders. Chart Data in Insider Trading History Table. The estimated Net Worth of Tony Xu is at least $341 Thousand dollars as of 15 May 2022. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. Tony Xu says AB5 would have disastrous results if implemented. "Full Q&A: DoorDash CEO Tony Xu and COO Christopher Payne on Recode Decode". 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 . Facebook gives people the power to share and. Current positions of Tony Xu. Xu, who was born in Nanjing, China, traveled to the United States of America with his family when he was five years old. 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. "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, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. Over the past decade, hes gone from being a student to becoming the head of one of the fastest-growing companies in the US. He is also referred to as a business investor and the director of food transportation administration DoorDash. More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro. His real name is Xu Xun. 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. Xu was born in the Chinese city of Nanjing on May 5, 1985. [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. [77], In 2017, a class action lawsuit was filed against DoorDash for allegedly misclassifying delivery drivers in California and Massachusetts as independent contractors. Ill usually go to the Marin Headlands or somewhere in nature. [14] In the summer of 2013, it received $120,000 in seed money from Y Combinator in exchange for a 7% stake. DoorDash Inc. is an American on-demand prepared 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. Rate the pronunciation difficulty of Tony Xu. 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. [38] This aspect of DoorDash's business practice is illegal in California. He is around35 years old [Not Confirmed] as of 2020. Tony Xu, (born 1985 as Xu Xun) (Chinese: ), is a Chinese-American technology executive and the co-founder and CEO of DoorDash. Tony Xu (DoorDash CEO) Wiki, Biography, Age, Family, Facts and More, Andrew Carnegie Wiki, Biography, Net Worth, Age, Family, Facts and More. Learn More on Tony Xu's salary. Fill out the form or send an email to tonyxujournalism@gmail.comtonyxujournalism@gmail.com Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. He has a very business-oriented mindset and continues to make money using his knowledge and skillset. Its a company that focuses on direct to consumer delivery of modern furniture that is reasonably priced in original designs. He and his younger sister were raised by their mother after his father left them. My least favorite thing to do is the laundry, he tells lifehacker.com. Its her story that provided the inspiration for Xus decision to launch DoorDash. [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. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. His motto is to have fun and no regrets, 8. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. Join Facebook to connect with Tony Xu and others you may know. Xu was born in China but moved to the US with his family when he was 4. To get the insight scoop, Xu decided to take a job as a delivery driver with Dominos Pizza. He continued from the University of California, Berkeley, and then concentrated on business at Stanford University Graduate School of Business. 1. The One Ticker Retirement Plan Over the Shoulder Demo Now Available, Market Wizard Larry Benedict crushed the market in 2022. This article maps the current industry onto a traditional Monopoly board. 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 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. 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. We have no information about his girlfriend/boyfriend. 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. His mother was the inspiration for DoorDash, 6. Then you can join our Facebook Group named Influencers Meet Brands. Tony Xu CEO & Co-Founder. 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. Twitter View on Twitter. Wiki, Biography, Age, Spouse, Net Worth, Fast Facts. [16][17][18], In January 2022, Tony Xu joined the board directors of Meta Platforms. DoorDash is focused on being the restaurant industrys last-mile solution and has grown into a $700 million leader in the on-demand space. 2023 Forbes Media LLC. Xu Xialing - Daughter. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer of DoorDash. Its less than 10 seconds watch it here. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. The oldest executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who is 54 years old. [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. Editor's note: Last . [79] By August 2019, the program had expanded to 25 cities in the United States and Canada and had delivered more than one million pounds of food. Actor: In the Mood for Love. 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 . 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? [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. Tony Xu, DoorDash. The corporate mailing address for Mr. Xu and other DoorDash executives is , , . Tony Xu, MBA '13, is the cofounder and CEO of DoorDash. Write Tony Xu' 1st recommendation. Tony worked in Product at Square, led special projects for the CEO and CFO at eBay, and began his career at McKinsey and Company. [74], On May 4, 2019, DoorDash confirmed 4.9 million customers, delivery workers and merchants had sensitive information stolen via a data breach. The Wall Street Journal Tony Xu's . He depicts himself as an avid ball fan and lets his ability to teach English to the game and the media. 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. That is, Read More 10 Things You Didnt Know about Anand SambasivanContinue, Aamir Baig is the CEO of Article. 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. He was photographed at Monster Pho in Oakland. Written by hao. Tony Xu Biography. [76][8], In August 2021, the city of Chicago sued DoorDash and GrubHub. Xu has crammed a lot into an incredibly short space of time. BIOGRAPHY/Wiki. But we are trying hard to collect all the information about him and will update you soon. This was to rein in expenses. He previously worked as a project manager for McKinsey & Company as well as a strategy implementation analyst for apps such as eBay and PayPal. However, Forbes has estimated his net worth to be approximately $1.9 billion. 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. A year later, he decided he'd had enough of trying to teach his classmates and teachers how to pronounce his name. I run in the mornings two or three times during the week, and both days on the weekend, he tells sequoiacap.com. The IPO of DoorDash in 2020 increased Tonys net worth to this level. [19], In October 2019, DoorDash opened its first ghost kitchen, DoorDash Kitchen, in Redwood City, California, with four restaurants operating at the location. It also generated $1 billion in losses last year. 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. Xu was born in China and moved to the U.S. at age five. Xu married his wife Patti shortly after launching DoorDash. 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. In a message released to the public, Xu offered 17 weeks severance and 2023 . He is Chinese by Nationality. DoorDash CEO Tony Xu and co-founders Andy Fang and Stanley Tang have joined the billionaires club. Xu has said his immigrant parents, and especially his mother's restaurant work, helped inspire DoorDash. DoorDash can also be reached via phone at 650-487-3970 and via email at [emailprotected] Learn More on Tony Xu's contact information. [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. In addition, he makes $300,297 as Co-Founder and CEO & Chair at DoorDash Inc. Fittingly, Tony Xu, now 35, would end up being "the boss" himself. Tony Xu. Hisreal name is Xu Xun. 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. 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. October 26th, 2022, 2:06 PM PDT. Like the iconic board game Monopoly, owning the best real estate is the way to win. Difficult. Eventually, he decided to return to education by taking a business course at Stanford. 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. Tony Xu's largest purchase order was 121,895 units, worth over $315.97K on September 16, 2021. 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. 9 months. Tony Xu was born on May 5, 1985, and as of 2022, he will be 37 years old. Download it now on Amazon. Tony Xu Sales Manager- Shanghai PYTES Energy Co., Ltd. . She later opened needle therapy and wellness centers in Champaign and the San Francisco Bay Area. 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. Insiders at DoorDash own 12.1% of the company. He owns 4.6% plus options. Spoken Languages. On 9th December 2020, his company launched IPO, which made him a billionaire at such an early age. Email. 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. Xu and his . If customers tip over a set amount for the order total, Doordash hides a portion of the tip until the delivery is complete. 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Into an incredibly short space of time cofounders Andy Fang and Stanley Tang joined! 650-487-3970 and via Email at [ emailprotected ] Learn more on tony Xu is building the and.