Information on this page was last updated on 2/23/2023. In 2013, he co-founded DoorDash, the on-demand food delivery company that on Wednesday announced it had filed for an IPO . 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. It is essential to recognize that the creative process still stems from the human mind, and AI should simply serve as a tool to flesh out and refine one's preliminary ideas. They purchased a total of 573,500 shares worth more than $49,963,096.52. Tony Xu, DoorDash. Dr. Tony Xu was a brilliant researcher who rose to prominence at the University of Hong Kong. He describes himself as an avid basketball fan and attributes his ability to learn English to the game and the media. [47] DoorDash expanded the service offerings in 2021 to include DoubleDash, which allows for orders from multiple merchants, and alcohol delivery in 20 U.S. states, the District of Columbia, Canada, and Australia. It was really hard for a small business to know how many drivers they need. Prior to co-founding DoorDash. Meta Platforms, Inc. His family moved to USA in 1980s and his mother also started a Chinese Restaurant. The company is based in San Francisco, California. Learn More about Tony Xu's net worth. 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 . Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. In 2013, Xu co-founded DoorDash with Stanford classmates Andy Fang, Evan Moore, and Stanley Tang. About Tony Xu. Jan. 12, 2018 11 AM PT. 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. In the last year, insiders at the sold shares 40 times. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. The highest earning executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who commands a salary of $350,930.00 per year. [80] As of September 2021, Project DASH operated in more than 900 cities and had delivered more than 15 million meals. Tony Xu, 33, is a co-founder and chief executive of the DoorDash on-demand food-delivery start-up. [5] In 1989, his parents immigrated to Champaign, Illinois. 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. Recode. 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. He is also the CEO of a travel company called Hopper. So, naturally enough, he decided to . Tony Xu #0781298. Career. Also, we have no idea about his brother and sister, and we dont know their names either. . Name. Xu Shang-Chi - Son. "As a recently IPOed company, DoorDash has failed to provide a governance . In 1982, after passing the training courses of TVB, Tony became a TV actor and became famous for his comedy style in such TV shows as Tales of a Eunuch (1983) or The. Tony Xu and his Husband, Patti Xu Xu, live in San Francisco. DoorDash's fourth co-founder, however, is largely overlooked. 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. Ardeshir Godrej Wiki, Biography, Net Worth, Age, Family, Facts and More, Philip Schulte (Entrepreneur) Wiki, Biography, Age, Girlfriends, Family, Facts and More, Shawn Cotton Wiki, Biography, Net Worth, Age, Family, Facts and More, Whoxver (Tiktok Star) Wiki, Biography, Age, Boyfriend,, Spence Taylor (TikTok star) Wiki, Biography, Age,, Oti Mabuse (Dancer) Wiki, Biography, Age, Boyfriend,, Dora Moono Nyambe(Tiktok Star) Wiki, Biography, Age,, The year he married is the same year he started his Successful start Up, He has also sponsored various New Projects as well. He has done a lot of things and held numerous positions in a, Read More 10 Things You Didnt Know about Gary GysinContinue, Maezawa Yusaku is a Japanese businessman. It would be the same household chore thats a bugbear for the rest of us. He owns 4.6% plus options. 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? Raza . All Rights Reserved. In 2012, this meeting was the predecessor of the transport organization PaloAltoDelivery.com. His date of birth is 1985. 1. Tony Xu is married and his wife is named Patti. They have two children together. DoorDash co-founder and CEO Tony Xu has joined Meta's board of directors, the Facebook parent company announced on Tuesday. [24], Xu lives in San Francisco. Do you wanna know the Tony Xu's full Biodata? Tony Xu, MBA '13, is the cofounder 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. CEO Tony Xu told employees that 1,250 corporate workers would be let go as part of a broader cost-cutting initiative. Pulling on a pair of sneakers and hitting the pavements. Xu was born in the Chinese city of Nanjing on May 5, 1985. His height is 1.69 m and he weighs 72 kg. But we are trying hard to collect all the information about him and will update you soon. The estimated net worth of Tony Xu is at least $4.37 million as of September 14th, 2021. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. Back in 2013, Tony Xu was looking into ideas for a business school project when he hit on a problem affecting most restaurants: delivery. Learn More on Tony Xu's age. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. [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. [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. As a first-generation American who grew up working in his mom's restaurant, Tony started DoorDash to help small . Fighting for the underdog is part of who I am and what we stand for as a company. [74], On May 4, 2019, DoorDash confirmed 4.9 million customers, delivery workers and merchants had sensitive information stolen via a data breach. He hails from Nanjing, China. Despite the pressure of running DoorDash, Xus priority is clearly his family. Not much is known about his family and his personal Life. 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. [18] It maintained that market position in 2019. Hear the latest economic, business and market news, as well as global, national, and local news. Mr. Xu owns 80,000 shares of DoorDash stock worth more than $4,372,800 as of February 28th. According to his colleagues, Xus leadership style can be ruthless although as ft.com notes, unlike certain other notorious disrupters in Silicon Valley, he never fails to be fair. Tyson Chandler Wiki, Age, Bio, Height, Wife, Career, and Net Worth, Reed Robertson Wiki, Age, Bio, Height, Wife, Career, and Net Worth, Tony Xu Wiki, Age, Bio, Height, Wife, Career, and Net Worth, Wiki, Bio, Age,Family, Siblings, Childhood & Education, Tony Xus Height, Weight & Body Measurement, Lela Ceterova Wiki, Age, Bio, Height, Boyfriend, Career, and Net Worth, Journee Nelson Wiki, Age, Bio, Height, Boyfriend, Career, and Net Worth, Famous Dex Wiki, Age, Bio, Height, Girlfriend, Career, and Net Worth, Lynda Baron Wiki, Age, Bio, Height, Husband, Career, and Net Worth, Jack Johnson Wiki, Age, Bio, Height, Wife, Career, and Net Worth. Price Range (last 24 months) None Reported. On 9th December 2020, his company launched IPO, which made him a billionaire at such an early age. Xu has served as CEO of DoorDash since 2013 and was appointed the . 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 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. (1 Vote) Very easy. [1] He also worked as a business analyst for the management consulting firm McKinsey & Company, and as a corporate strategy consultant for eBay and PayPal. Rate the pronunciation difficulty of Tony Xu. BREAKING: Tiny biotech successfully treats blindness. His answer revealed the personal philosophy that drives his success. Later, he pursued an MBA from the Stanford Graduate School of Business. That is, Read More 10 Things You Didnt Know about Anand SambasivanContinue, Aamir Baig is the CEO of Article. Xu was born in the Chinese city of Nanjing on May 5, 1985. He has voting rights over all Class B resources, giving Xu 69% democratic command over DoorDash as of December 2020. 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 $2.7 billion each as IPO soars", "Asian-Americans aiming to make impact on Election Day", "Silicon Valley Chinese Association Foundation Board Directors", "Alchemy Adds Vikram Pandit, Jeffrey Katzenberg as New Investors", "S.F. In 2013, he married his wife, Patti Xu, in church. He is around35 years old [Not Confirmed] as of 2020. [2] Even more astonishingly, hes still only 35 years old. History. This chart shows Tony Xu's buying and selling at DoorDash by year and by quarter. Tony Xu CEO and Co-founder at DoorDash Stanford, CA. Changs China Bistro and Dunkin Donuts, while also championing corner restaurants like the one Xu grew up in. We learned a couple of interesting observations, he said. Tony Xu Tony Xu is the co-founder and CEO of DoorDash. Tony received a Bachelor of Arts degree from Amherst College and a Master of Business Administration from MIT Sloan. He is Chinese by Nationality. Cofounders Andy Fang and Stanley Tang, who Xu met while they . DoorDash Inc. is an American on-demand prepared food delivery service. jQuery(document).ready(function($) { Xu Xialing - Daughter. Xu was born in Nanjing, situated in China. What are the age, height, and weight of Tony Xu? It also generated $1 billion in losses last year. + Add or change photo on IMDbPro . [13][15], In December 2018, DoorDash overtook Uber Eats to hold the second position in total US food delivery sales, behind GrubHub. Also, we have no information about his son and daughter. Among the questions asked was an inquiry into what advice hed offer young entrepreneurs looking to begin their own startups. His testimony, including admissions that he stole money, is likely to hurt him in future trials. Join Facebook to connect with Tony Xu and others you may know. It delivers meals and more from 390,000 restaurants and other merchants like CVS. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. The company also said it had changed the default drop-off option to contactless delivery. When DoorDash went public in early 2021, its valuation soared to US$32 billion. Being the CEO of a multi-billion dollar company is a huge achievement for any financial specialist. Tony Xu Age, height, weight Tony Xu was born on May 5, 1985 and is 37 years old from about 2022. [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. Xu Wenwu was the legendary leader of the Ten Rings, named after his ancient weapons. We have no information about his girlfriend/boyfriend. Mr. Xu holds a B.S. Email. My motto when making any decisionin work or lifeis to have the most fun and least regrets, he shared. As a first-generation American who grew up working in his moms restaurant, Tony started DoorDash to help small business owners succeed. Pronunciation of Tony Xu with 1 audio pronunciations. [1][7] Initially, he and other DoorDash employees completed food deliveries. Moderate. Its her story that provided the inspiration for Xus decision to launch DoorDash. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer of DoorDash. founded by Stanford students Tony Xu, Stanley Tang, Andy Fang and Evan Moore. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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. As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. As the CEO of DoorDash, Inc., Mr. Xu earned a total compensation package of $300,297.00 in 2021. [64] Under pressure, the company revised its policy. 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? January 11, 2022. He started DoorDash to help small . He owns 4.6% plus options. Tony Xu Biography. Xu appreciates running and has recently competed in endurance races. 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. The result was DoorDash, a company thats grown from tiny beginnings into the USs leading third-party food delivery provider. DoorDash has 12 members of its Management Team, which are its top executives, including CEO Tony Xu. Download it now on Amazon. [83], In terms of delivery, DoorDash has an algorithm that plans routes automatically and can choose a faster route. 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. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. Learn More on Tony Xu's trading history. She later opened needle therapy and wellness centers in Champaign and the San Francisco Bay Area. Tony Xu. 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. He changed his name when he was five. As of 2020, it holds the largest market share in the USA. 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. If you know some information, please comment below. He was included in Fortune's "40 Under 40" list in 2020. [16][17][18], In January 2022, Tony Xu joined the board directors of Meta Platforms. Hisreal name is Xu Xun. But are these incentives worth packing a moving van? Tony Xu is known for being the Co-founder of Popular Start-up DoorDash which is an American on-demand food delivery service. Leadership is all about finding the best talent and making an. After graduating, he spent several years working in tech with the likes of McKinsey and eBay. He hails from Nanjing, China. [62][63] The case was referred to arbitration in August 2020. Born in Nanjing, China, Xu moved with his family to America at the age of five. The inspiration for Xus decision to launch DoorDash of September 14th, 2021 a first-generation American who tony xu biography working. Information on this page was last updated on 2/23/2023 it also generated $ 1 billion in losses last.. Help small DoorDash on-demand food-delivery start-up his Husband, Patti Xu, who was on... 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