Stern, Joanna (December 13, 2019). [5] In 1989, his parents immigrated to Champaign, Illinois. Pronunciation of Tony Xu with 1 audio pronunciations. 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. In 2022, a tentative settlement was reached in which DoorDash would pay $100 million total, with $61 million going to over 900,000 drivers, paying out just over $130 per driver, and $28 million for the lawyers. He owns 4.6% plus options. 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. DoorDash is focused on being the restaurant industrys last-mile solution and has grown into a $700 million leader in the on-demand space. [3], With a 56% market share, DoorDash is the largest food delivery company in the United States. In 2013, he married his wife, Patti Xu, in church. 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. January 31, 2021. 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. Born in Nanjing, China, Xu moved with his family to America at the age of five. According to Chicago mayor Lori Lightfoot, the companies broke the law by using "unfair and deceptive tactics to take advantage of restaurants and consumers who were struggling to stay afloat [during the COVID-19 pandemic]. His family moved to USA in 1980s and his mother also started a Chinese Restaurant. As a first-generation American who grew up working in his moms restaurant, Tony started DoorDash to help small business owners succeed. On this Wikipedia the language links are at the top of the page across from the article title. Xu Wenwu was the legendary leader of the Ten Rings, named after his ancient weapons. $.post('https://www.wikifamouspeople.com/wp-admin/admin-ajax.php', {action: 'mts_view_count', id: '533655'}); [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. But he hasnt done it with a traditional method. It also generated $1 billion in losses last year. Title. This net worth approximation does not reflect any other investments that Mr. Xu may own. Enter your email address below to get our daily insider buying and selling report. He was appointed board chair in November 2020. On this Wikipedia the language links are at the top of the page across from the article title. Dr. Tony Xu was a brilliant researcher who rose to prominence at the University of Hong Kong. Tony Xu (I) Tony Xu. The food delivery platform's initial public offering pushed Xu's net worth to approximately $3.1 . [14] In the summer of 2013, it received $120,000 in seed money from Y Combinator in exchange for a 7% stake. 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 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. Johnson, Eric (January 9, 2019). So, naturally enough, he decided to . [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. DoorDash exists today to empower those like my Mom who came here with a dream to make it on their own. Among the questions asked was an inquiry into what advice hed offer young entrepreneurs looking to begin their own startups. [9], In 2018, DoorDash launched Project DASH, a partnership with local food security organizations to deliver donations to those in need. He joined Invisible to gain personal protection while continuing his research. 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. Pulling on a pair of sneakers and hitting the pavements. Also, we have no information about his son and daughter. He was named in Fortunes 40 Under 40 list in 2020. Learn More on Tony Xu's trading history. 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 . Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Changs China Bistro and Dunkin Donuts, while also championing corner restaurants like the one Xu grew up in. Xu and his . Tony Xu Biography and Net Worth. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. In 2013, he co-founded DoorDash, the on-demand food delivery company that on Wednesday announced it had filed for an IPO . Moderate. Growing up, his mom worked as a server at a Chinese restaurant. Terrible insurance policies often prevent innovative new ideas from penetrating the food and beverage industry. . Tony Xu hasn't provided a bio yet. 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. He hails from Nanjing, China. Shark Biography. While many people who venture into the Disney Parks think of the service as a way to simply get their photo taken in front of the major park icons, theres a lot more to Disney PhotoPass than a click of the shutter button. [18] It maintained that market position in 2019. The company began addressing the challenges of delivery from restaurants and has since expanded focus to include grocery, retail, beauty, alcohol, pet food, flowers and convenience. With a 5.2 percent interest in DoorDash, CEO Tony Xu is the company's largest shareholder. [5] As of December 31, 2020, the platform was used by 450,000 merchants, 20,000,000 consumers, and one million deliverers. In 2013, he married his better half, Patti Xu, in the chapel. This explains why I feel so lucky doing what I do every day.. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. 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. [28] That month, DoorDash became the fastest growing food delivery service. "Our new Managing Directors represent the best of our firm's dedication to excellence, leadership and client service, and . Xu was born in the Chinese city of Nanjing on May 5, 1985. The only reason I have clean clothes is that I trade chores with my wife: I do the dishes, and she does the laundry.. In 2013, Xu helped found DoorDash with Stanford classmates Andy Fang, Evan Moore and Stanley Tang. He previously worked as a project manager for McKinsey & Company as well as a strategy implementation analyst for apps such as eBay and PayPal. 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. Later, he pursued an MBA from the Stanford Graduate School of Business. 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 married his wife Patti shortly after launching DoorDash. His height is 1.69 m and he weighs 72 kg. 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. He was interviewed by Joy Huang, MBA '21, on February 9, 2021 as part of the View From The Top speake. His motto is to have fun and no regrets, 8. BREAKING: Tiny biotech successfully treats blindness. PALO ALTO, U.S. -- Tony Xu, co-founder and CEO of U.S. food delivery giant DoorDash, has always had a need for speed. If you know some information, please comment below. Let's connect! BIOGRAPHY/Wiki. 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. Learn More on Tony Xu's salary. 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? 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. L-R: Stanley Tang, Tony Xu, and Andy Fang; Missing: Evan Moore. [6], DoorDash has been criticized and sued for withholding tips, reducing tip transparency, antitrust price manipulation, listing restaurants without permission, and allegedly misclassifying workers. [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. 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. Related by financial asset: DoorDash, Inc. On June 7, 2021, Alex Murdaugh called police to report that he had discovered the bodies of his wife and son. 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 estimated Net Worth of Tony Xu is at least $341 Thousand dollars as of 15 May 2022. 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. A year later, he decided he'd had enough of trying to teach his classmates and teachers how to pronounce his name. 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. Tony Xu Tony Xu is the co-founder and CEO of DoorDash. Tony Xu returned to the governing body of Meta Platforms in January 2022. In 1989 his parents emigrated to Champaign, Illinois, in the United States of America. [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. Tony Xu. In addition, he makes $300,297 as Co-Founder and CEO & Chair at DoorDash Inc. Frederic Lalonde is a North American businessman and entrepreneur. Cofounders Andy Fang and Stanley Tang, who Xu met while they were all studying at Stanford, own about 4% each. Easy. Even more astonishingly, hes still only 35 years old. But we are sure that it is not available and his spouses name is not available. This site uses Akismet to reduce spam. + Add or change photo on IMDbPro . His mother was the inspiration for DoorDash, 6. in Industrial Engineering and Operations Research from the University of California, Berkeley and an M.B.A. from the Stanford Graduate School of Business. [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. It is currently telecast on Singapore's free-to-air channel, MediaCorp Channel 8.It made its debut on 6 November 2012 and consists of 34 episodes, screened on every weekday night . That is, Read More 10 Things You Didnt Know about Anand SambasivanContinue, Aamir Baig is the CEO of Article. The partnership with the NUL includes $12 million in funding to assist drivers of color in building job skills and financial literacy. The couple, who met in church, share a two-year-old daughter named Olivia. Born in Nanjing, China, Xu came to America with his parents and grew up working . Mr. Xu is currently 38 years old. Tony Xu is a remarkable finance manager who has made extraordinary strides in his profession. More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro. Tony Xu #0781298. Tony Xu, MBA '13, is the cofounder and CEO of DoorDash. Ying Li - Wife; deceased. Unfortunately, her medical license wasnt recognized in the US and she was forced to give up her career to work in a restaurant instead. 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]. Later, he pursued an MBA from the Stanford Graduate School of Business. Prior to the move, Xus mother had practiced medicine. Convenience Store Delivery Sales Report", "DoorDash Inc. 2020 Form 10-K Annual Report", "My Frantic Life as a Cab-Dodging, Tip-Chasing Food App Deliveryman", "DoorDash Settlement Would Pay a Paltry $130 to Workers Instead of Making Them Employees", "DoorDash Trio worth up to $2.7 billion each as IPO soars", "Meeting the moment: Tony Xu is focused on DoorDash's long-term vision", "DoorDash Faces Its Latest Challenge: Wooing Wall Street", "To fund Y Combinator's top startups, VCs scoop them before Demo Day", "DoorDash has overtaken Uber Eats in US online food delivery", "DoorDash Has Pulled Ahead of GrubHub, Uber Eats in the On-Demand Food Delivery Race", "DoorDash overtakes Grubhub in delivery market share", "DoorDash takes the lead in the food delivery wars as the landscape dramatically shifts in 2019", "DoorDash is ready to deliver with new Redwood City commissary kitchen debut", "DoorDash Has Been Confusing Its Workers About Payments for Nearly Two Years", "DoorDash Has a New Plan to Make Workers Gamble on How Much They'll Get Paid", "DoorDash Contractors Earn Less Than Dogshit, Study Finds", "SoftBank Turns $11 Billion Profit, Helped by DoorDash", "Data SheetWhat DoorDash Plans to Do With Another Half a Billion Dollars of Capital", "DoorDash confirms $400M raise, IPO timing unclear", "Here's how delivery services like Grubhub, Postmates, and Uber Eats are adapting to the coronavirus restrictions and safety precautions", "DoorDash is the fastest growing meal delivery business during coronavirus lock down", "DoorDash launches program to revive closed restaurants using local ghost kitchens", "DoorDash partners with California restaurant to build new brick-and-mortar location", "DoorDash just opened its first physical location as the pandemic fuels a ghost kitchen boom", "DoorDash valued at $71 billion in blockbuster market debut", "Airbnb, DoorDash Aim for Higher-Than-Expected Valuations Ahead of Debuts", "Women who lost jobs due to COVID turn to food delivery platforms", "Restaurants Are Fed Up With GrubHub And DoorDash, And Now Legislators Are On Their Side", "Just when you thought DoorDash couldn't get more dastardly", "DoorDash won't deliver Walmart's groceries starting next month", "Montreal Has a New Food Delivery Service as DoorDash Starts Its Engines", "DoorDash spreads beyond North America with Australia launch", "Food delivery giant DoorDash has launched in Sydney, and it gave away free burgers to get people onboard", "DoorDash launches in Japan as food delivery war heats up", "US-Lieferdienst Doordash startet in Stuttgart", "NYSE-listed food delivery firm DoorDash expands into New Zealand", "DoorDash launches grocery delivery to compete with Amazon and Instacart", "DoorDash launches on-demand alcohol delivery service", "Square Completes Sale of Caviar to DoorDash", "The Great Flattening: What a Giant Delivery Merger Means for Your Dinner", "DoorDash Buys Rival, Caviar, for $410 Million", "DoorDash acquires autonomous driving startup Scotty Labs", "DoorDash takes another step toward automated food delivery", "DoorDash Adds Startup Chowbotics for Meal Preparation", "DoorDash acquires salad-making robotics startup, Chowbotics", "DoorDash has acquired salad-making robot company Chowbotics", "DoorDash to Buy Finland Food-Delivery Startup in Deal Valued Above $8 Billion", "Delivery apps like DoorDash are using your tips to pay workers' wages", "DoorDash is still pocketing workers' tips, almost a month after it promised to stop", "Brooklyn Man Sues DoorDash Over Grifty, Misleading Tip Policy", "Brooklyn man sues DoorDash for 'misleading' tipping policy", "DoorDash's New Tipping Policy Has Increased Driver Pay", "DoorDash Changes Tipping Model After Uproar From Customers", "DoorDash settles lawsuit for $2.5M over 'deceptive' tipping practices", "DoorDash is paying $2.5 million to settle a lawsuit that accused the food delivery company of stealing drivers' tips", "AG Racine Reaches $2.5 Million Agreement with DoorDash for Misrepresenting that Consumer Tips Would Go to Food Delivery Drivers", "Restaurants Are Desperate But You May Not Be Helping When You Use Delivery Apps", "DoorDash, Uber Eats, Grubhub and Postmates make restaurant meals cost more: lawsuit - Four firms' rise has 'come at great cost to American society,' suit claims", "Grubhub, DoorDash, Postmates, Uber Eats are sued over restaurant prices amid pandemic", "GrubHub, Doordash Accused in Suit of Pushing Prices Higher", "DoorDash confirms data breach affected 4.9 million customers, workers and merchants", "Chicago sues DoorDash and Grubhub for 'unfair and deceptive' practices", "DoorDash $100 Million Driver Settlement Tentatively Approved", "DoorDash's new 'Project DASH' will deliver restaurant leftovers to food banks", "How hunger-fighting orgs have used DoorDash to help save 1 million pounds of food from landfills", "A milestone delivery: DoorDash, Food Bank of Delaware team up to deliver food to those most in need", "Nourishing Minds and Bodies: San Diego Students Now Eligible for Free DoorDash Delivery", "DoorDash Extends Cold Weather Grants as Part of $200M Pledge", "An analysis of a third-party food delivery app during the COVID-19 pandemic", https://en.wikipedia.org/w/index.php?title=DoorDash&oldid=1142045878, Companies listed on the New York Stock Exchange, Online food retailers of the United States, Pages with non-numeric formatnum arguments, All Wikipedia articles written in American English, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 28 February 2023, at 06:09. January 11, 2022. Ruthless doesnt mean demeaning people or disrespecting them, says Andrew Munday, one of DoorDashs first full-time employees. Tony Xu Sales Manager- Shanghai PYTES Energy Co., Ltd. . The IPO of DoorDash in 2020 increased Tonys net worth to this level. Earlier in his career, Xu interned at Square, Inc., and worked for McKinsey & Company, eBay, and PayPal. 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. The highest earning executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who commands a salary of $350,930.00 per year. Tony Chiu-Wai Leung. The company also said it had changed the default drop-off option to contactless delivery. Tony Xu is CEO/Co-Founder at DoorDash Inc. See Tony Xu's compensation, career history, education, & memberships. Despite the pressure of running DoorDash, Xus priority is clearly his family. Tony Xu's . He is also the CEO of a travel company called Hopper. Tony Xu (DoorDash CEO) Wiki, Biography, Age, Family, Facts and More, Andrew Carnegie Wiki, Biography, Net Worth, Age, Family, Facts and More. He is around 35 years old [Not Confirmed] as of 2020. [46], The company expanded its service offerings in 2020, adding grocery delivery initially in California and the Midwest in August 2020. It was really hard for a small business to know how many drivers they need. DoorDash is America's largest food delivery service. So, whats his favorite way to clear his mind? He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. Experience. . He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. He started DoorDash to help small . 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. He eventually settled on Tony after actor Tony Danza, who at the time was starring in Xus favorite TV show, Whos the Boss?. Save my name, email, and website in this browser for the next time I comment. Xu was born in China but moved to the US with his family when he was 4. Tony Xu. Discover the habits and routines of 50 of the world's most successful people with our latest ebook, Daily Routines. She later opened acupuncture and medical clinics in Champaign and the San Francisco Bay Area. Tony Xu, the creator of Doordash, is a multibillionaire Chinese-American businessman who was born in 1983. 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. 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 earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. [13][15], In December 2018, DoorDash overtook Uber Eats to hold the second position in total US food delivery sales, behind GrubHub. Tony Xu is married and his wife is named Patti. Its less than 10 seconds watch it here. View the profiles of people named Tony Xu. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. founded by Stanford students Tony Xu, Stanley Tang, Andy Fang and Evan Moore. Xu was born in China and moved to the U.S. at age five. Cofounders Andy Fang and Stanley Tang, who Xu met while they . DoorDash. Now, his relationship is perfect. [70][71][72][73] The lawsuit seeks treble damages, including for overcharges, since April 14, 2016 for dine-in and delivery customers in the United States at restaurants using the defendants delivery apps. Rate the pronunciation difficulty of Tony Xu. [74], On May 4, 2019, DoorDash confirmed 4.9 million customers, delivery workers and merchants had sensitive information stolen via a data breach. It was founded in 2012. Wife, Patti Xu, MBA tony xu biography # x27 ; s largest shareholder and! Of 2020 Energy Co., Ltd. rose to prominence at the top of the Rings. Were all studying at Stanford, own about 4 % each extraordinary strides in his career, Xu to. Biotech in Cambridge that 's using a breakthrough technology to treat blindness January 9 2019! Xu Sales Manager- Shanghai PYTES Energy Co., Ltd. focused on being the restaurant industrys last-mile solution and grown... Co., Ltd. California, Berkeley and Stanford University & # x27 ; s Graduate School Business... 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