Tony Xu Xu's own story, like that of many founders, begins an ocean away. Tony Xu is known for Entrapment (1999), Spy Game (2001) and On Dangerous Ground (1996). Xu Shang-Chi - Son. The oldest executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who is 54 years old. [25] He and his wife Patti met at church while they were undergraduates at Berkeley and married in 2013; the couple have two children. Not much is known about his family and his personal Life. 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. He came with his parents from Nanjing, China, in 1989, when he was five, with only $300 in their pockets, but unlimited . In 1989 his parents emigrated to Champaign, Illinois, in the United States of America. 2023 Forbes Media LLC. A year later, he decided he'd had enough of trying to teach his classmates and teachers how to pronounce his name. [38] This aspect of DoorDash's business practice is illegal in California. The estimated net worth of Tony Xu is at least $4.37 million as of September 14th, 2021. [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. Tony Xu #0781298. Xu Wenwu was the legendary leader of the Ten Rings, named after his ancient weapons. Moderate. We have no more Information about his Father; we will try to collect information and update soon. [5] Xu continues to be CEO, and owns an approximately five percent stake in the company. Tony Xu, (born 1985 as Xu Xun) (Chinese: ), is a Chinese-American technology executive and the co-founder and CEO of DoorDash. Now, his relationship is perfect. }); If you are a Model, Tiktoker, Instagram Influencer, Fashion Blogger, or any other Social Media Influencer, who is looking to get Amazing Collaborations. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. [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. 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 . DoorDash CEO, Tony Xu, considers recruiting to be one of his "superpowers." Since 2013, when he founded the food-delivery service, the company has grown from a small team of Stanford University . 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. DoorDash co-founder and CEO Tony Xu has joined Meta's board of directors, the Facebook parent company announced on Tuesday. It Takes Two (simplified Chinese: ) is a 2012 Singaporean Chinese year-end blockbuster drama produced by MediaCorp TV.It stars Chen Hanwei, Yao Wenlong, Kym Ng, Ann Kok & Zheng Geping as casts of the series. Then you can join our Facebook Group named Influencers Meet Brands. History. Meta today announced that Tony Xu, co-founder and CEO of DoorDash, Inc., has been elected to the company's board of directors, effective immediately. [41] The company started operating in markets outside North America in 2019, officially launching in Melbourne, Australia, in September and later expanding further into the country. Matthew Lorber (Entrepreneur) Wiki, Biography, Age, Girlfriend, Family, Facts, and Many More. According to a filing made public Monday, DoorDash plans to list 33 million shares, at a price range between $75 to $85 per share. The result was DoorDash, a company thats grown from tiny beginnings into the USs leading third-party food delivery provider. Tony Xu is CEO/Co-Founder at DoorDash Inc. See Tony Xu's compensation, career history, education, & memberships. His real name is Xu Xun. All Rights Reserved. This week, food delivery giant DoorDash went public, seeing its share price skyrocket to $189 within days. He is around35 years old [Not Confirmed] as of 2020. Spotting a gap in the market, Xu and his fellow Stanford classmates, Stanley Tang, Andy Fang, and Evan Moore, set out to fill it. The Wall Street Journal This article maps the current industry onto a traditional Monopoly board. Earlier in his career, Xu interned at Square, Inc., and worked for McKinsey & Company, eBay, and PayPal. [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. [46], The company expanded its service offerings in 2020, adding grocery delivery initially in California and the Midwest in August 2020. Despite the pressure of running DoorDash, Xus priority is clearly his family. His ethnicity is Asian. Written by hao. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. 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. He was appointed board chair in November 2020. [38], In August 2022, DoorDash announced it would end its partnership with Walmart in September, ending the companies' cooperation agreement from 2018. Xu owns 4.6% of the delivery giant while cofounders Andy Fang, 28 . Tony Xu's Height, Weight & Body Measurement. 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. Former England defender Rio Ferdinand says not enough is being done to combat online abuse and hate speech. Fighting for the underdog is part of who I am and what we stand for as a company. Also, we have no idea about his brother and sister, and we dont know their names either. Tony Xu is focused on DoorDash's long-term vision. [9], In 2018, DoorDash launched Project DASH, a partnership with local food security organizations to deliver donations to those in need. This explains why I feel so lucky doing what I do every day.. My least favorite thing to do is the laundry, he tells lifehacker.com. Tony Xu returned to the governing body of Meta Platforms in January 2022. Ying Li - Wife; deceased. The friendship would later take on a professional bent when they joined forces to found DoorDash in 2013. Hear the latest economic, business and market news, as well as global, national, and local news. 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. Information on this page was last updated on 2/23/2023. Back in 2013, Tony Xu was looking into ideas for a business school project when he hit on a problem affecting most restaurants: delivery. Tony Xu CEO and Co-founder at DoorDash Stanford, CA. Price Range (last 24 months) None Reported. 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 couple, who met in church, share a two-year-old daughter named Olivia. Humbled and honored to have won the CTO of the year at the 2022 Digital Masters Awards. Pronunciation of Tony Xu with 1 audio pronunciations. View the profiles of people named Tony Xu. [19], Xu has invested in the blockchain technology provider Alchemy,[20] as well as the ghost kitchens All Day Kitchens and Local Kitchens. [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]. As a first-generation American who grew up working in his mom's restaurant, Tony started DoorDash to help small . Truth be told, I find it hard to blame them. 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. Notify me of follow-up comments by email. DoorDash launched in Palo Alto and, as of May 2019, had expanded to more than 4,000 cities and offers a selection of 340,000 . (Podcast). Ruthless doesnt mean demeaning people or disrespecting them, says Andrew Munday, one of DoorDashs first full-time employees. Drivers then only directly received the part of the tip that exceeded the guaranteed minimum per order. The mothers name is Not Available. It went public in December 2020 on NYSE and trades under the symbol DASH. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. Founder of DoorDash, Inc., Tony Xu is Chief Executive Officer & Director at this company. [83], In terms of delivery, DoorDash has an algorithm that plans routes automatically and can choose a faster route. Initially, he and other DoorDash employees were transporting food. Tony Xu is a remarkable finance manager who has made extraordinary strides in his profession. Xu was born in China and moved to the U.S. at age five. 11/20/2022 11:00 AM. Tony Xu CEO & Co-Founder. DoorDash Inc. is an American on-demand prepared food delivery service. 2 /5. 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. Facebook gives people the power to share and. The company also said it had changed the default drop-off option to contactless delivery. 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]. Tony Xu's . He hails from Nanjing, China. Born in Nanjing, China, Xu came to America with his parents and grew up working . Prior to the move, Xus mother had practiced medicine. [64] Under pressure, the company revised its policy. In 2013, Xu helped found DoorDash with Stanford classmates Andy Fang, Evan Moore and Stanley Tang. When DoorDash went public in early 2021, its valuation soared to US$32 billion. He joined Invisible to gain personal protection while continuing his research. 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. [40], DoorDash began expanding into international markets in 2015, launching in Toronto, Canada. He was named to Fortunes 40 Under 40 rundown in 2020. Tony Xu Biography. Learn More about insider trades at DoorDash. Tony Xus fortune is estimated to be in the $2 billion range. She later opened acupuncture and medical clinics in Champaign and the San Francisco Bay Area. Career. Difficult. Tony Xu. 1. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. DoorDash is focused on being the restaurant industrys last-mile solution and has grown into a $700 million leader in the on-demand space. His height is 1.69 m and he weighs 72 kg. The guest shark Tony Xu is a Chinese-American billionaire and a businessman, who was born in 1983. CEO of DoorDash. They have two children together. As the CEO of DoorDash, Inc., Mr. Xu earned a total compensation package of $300,297.00 in 2021. It incorporated as DoorDash in June 2013. It also generated $1 billion in losses last year. 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 Chiu-Wai Leung. It helps me regulate my mind and body, which I think is why the habit stuck. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. Tony Xu Sales Manager- Shanghai PYTES Energy Co., Ltd. . 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. It is a Platform where Influencers can meet up, Collaborate, Get Collaboration opportunities from Brands, and discuss common interests. 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, the creator of Doordash, is a multibillionaire Chinese-American businessman who was born in 1983. Name. 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. Tony Xu Biography. Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. Wenwu is the leader of the Ten Rings and father of Shang-Chi and Xialing. DoorDash's fourth co-founder, however, is largely overlooked. Tony Xu: Daily Routine. [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. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. [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. Tony Xu. The most recent insider tranaction occured on February, 23rd when Director Stanley J Meresman sold 15,000 shares worth more than $865,050.00. Now estimated to be worth close to $16 billion, DoorDash has made names of its founders, not least Xu, who currently presides over the company as its CEO. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. He was interviewed by Joy Huang, MBA '21, on February 9, 2021 as part of the View From The Top speake. 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? founded by Stanford students Tony Xu, Stanley Tang, Andy Fang and Evan Moore. [45] In June 2022, the company expanded into the Wellington Region of New Zealand. . He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. Liked by Tony Xu. [4] He and his wife Patti are signatories to the Giving Pledge. Xu was born in China but moved to the US with his family when he was 4. Fathers name is Not Available. [5] As of December 31, 2020, the platform was used by 450,000 merchants, 20,000,000 consumers, and one million deliverers. Tony Xu Net Worth - DoorDash CEO Salary. This net worth approximation does not reflect any other investments that Mr. Xu may own. His family moved to USA in 1980s and his mother also started a Chinese Restaurant. [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. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. 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. 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. Others named Tony Xu. Born in Nanjing, China, Xu came to America with his parents and grew up working in a restaurant alongside his mom. He continued from the University of California, Berkeley, and then concentrated on business at Stanford University Graduate School of Business. The U.S. airline industry today consists of four huge carriers plus a host of lower-cost airlines. In the summer of 2013, it received $120,000 in seed money from Y . The food delivery platform's initial public offering pushed Xu's net worth to approximately $3.1 . In recent times, interested individuals might have seen Maezawas name in, Read More 10 Things You Didnt Know about Maezawa YusakuContinue. [62][63] The case was referred to arbitration in August 2020. Xu has crammed a lot into an incredibly short space of time. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California. Being the CEO of a multi-billion dollar company is a huge achievement for any financial specialist. The Estimated Net worth is $80K USD $85k. This site uses Akismet to reduce spam. NPR. ", "2021 Edison Trends U.S. Xu Xialing - Daughter. They are in relation from previous few years of a strong relationship. The ex-Manchester United, Leeds and West Ham star also says fans have more power than they think, and if clubs are brave, they can harness this power for good. 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. Fittingly, Tony Xu, now 35, would end up being "the boss" himself. Tony Xu's Phone Number and Email Last Update. Tony Leung Chiu Wai was born in Hong Kong on 27 June 1962. Save my name, email, and website in this browser for the next time I comment. [62][63], A DoorDash customer filed a class action lawsuit against the company for its "materially false and misleading" tipping policy. [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. This chart shows Tony Xu's buying and selling at DoorDash by year and by quarter. Hisreal name is Xu Xun. Meta Platforms, Inc. The experience proved invaluable, as he later discussed with davidsnotes.substack.com. [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. [42][43] In 2021, the company expanded its service area to Sendai, Japan in June[44] and Stuttgart, Germany in November. 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 (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. They have two children together. She later opened needle therapy and wellness centers in Champaign and the San Francisco Bay Area. Tony Xu (I) Tony Xu. He hails from Nanjing, China. Shark Biography. So, whats his favorite way to clear his mind? Without future ado, let's learn more about Tony Xu. [18] It maintained that market position in 2019. [35] By August 2022, the stock was trading at $82 per share. Actor. Tony Xu hasn't provided a bio yet. $.post('https://www.wikifamouspeople.com/wp-admin/admin-ajax.php', {action: 'mts_view_count', id: '533655'}); 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. Mr. Xu holds a B.S. [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. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. "As a recently IPOed company, DoorDash has failed to provide a governance . In 2021, Tony Xu earned a modest annual compensation of around 300,000 USD. Tony Xu Tony Xu is the co-founder and CEO of DoorDash. Also, we have no information about his son and daughter. Tony Xu, MBA '13, is the cofounder and CEO of DoorDash. The IPO of DoorDash in 2020 increased Tonys net worth to this level. Its her story that provided the inspiration for Xus decision to launch DoorDash. 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