[3], With a 56% market share, DoorDash is the largest food delivery company in the United States. Xu has served as CEO of DoorDash since 2013 and was appointed the . He was photographed at Monster Pho in Oakland. But in 2020, he was one of the highest paid CEOs in the Silicon Valley, making about 414 million USD in total compensation. Write Tony Xu' 1st recommendation. He owns 4.6% plus options. Tony Xu and his Husband, Patti Xu Xu, live in San Francisco. 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. Liked by Tony Xu. [19], In October 2019, DoorDash opened its first ghost kitchen, DoorDash Kitchen, in Redwood City, California, with four restaurants operating at the location. (1 Vote) Very easy. Despite the pressure of running DoorDash, Xus priority is clearly his family. This chart shows Tony Xu's buying and selling at DoorDash by year and by quarter. [83], In terms of delivery, DoorDash has an algorithm that plans routes automatically and can choose a faster route. 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 . Truth be told, I find it hard to blame them. Prior to the move, Xus mother had practiced medicine. Johnson, Eric (January 9, 2019). She later opened acupuncture and medical clinics in Champaign and the San Francisco Bay Area. Tony Xu CEO and Co-founder at DoorDash Stanford, CA. Chinese and pizza restaurants could build it into their business models, but that was about the extent of it. Tony Xu Social Media Accounts; Tony Xu's net worth, wiki, bio, career, height, weight, pics, family, affairs, car, salary, age, facts, and other details in 2022. The IPO of DoorDash in 2020 increased Tonys net worth to this level. A year later, he decided hed had enough of trying to teach his classmates and teachers how to pronounce his name. Tony Xu (I) Tony Xu. [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. founded by Stanford students Tony Xu, Stanley Tang, Andy Fang and Evan Moore. 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. All Rights Reserved. In 2013, Xu co-founded DoorDash with Stanford classmates Andy Fang, Evan Moore, and Stanley Tang. From . Tony Xu is known for Entrapment (1999), Spy Game (2001) and On Dangerous Ground (1996). 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. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. Tony Xu, CEO of DoorDash, is the Business Times' 2021 Executive of the Year. The highest earning executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who commands a salary of $350,930.00 per year. Mark Zuckerberg, founder and CEO of Meta, said, "Tony has built a great service for millions of people to get food and more from hundreds of thousands of restaurants and . Born in China, Tony came to America with his parents and grew up working in his mom's restaurant. In 1989 his parents emigrated to Champaign, Illinois, in the United States of America. [62][63] The case was referred to arbitration in August 2020. 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. The shares were sold at an average price of $141.90, for a transaction totalling $11,352,000.00. In 2013, he married his wife, Patti Xu, in church. 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. I run in the mornings two or three times during the week, and both days on the weekend, he tells sequoiacap.com. Current positions of Tony Xu. Chart Data in Insider Trading History Table. Born prematurely in Nanjing, China, his parents decided to name him "Xun . 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. On this Wikipedia the language links are at the top of the page across from the article title. Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. About Tony Xu. On 9th December 2020, his company launched IPO, which made him a billionaire at such an early age. 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? "Full Q&A: DoorDash CEO Tony Xu and COO Christopher Payne on Recode Decode". He was named in Fortunes 40 Under 40 list in 2020. DoorDash has 12 members of its Management Team, which are its top executives, including CEO Tony Xu. Later, he pursued an MBA from the Stanford Graduate School of Business. 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. Initially, Tony along with his classmates started with an Idea of food-delivery app which will help small business owners. . 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. In 2013, Xu helped found DoorDash with Stanford classmates Andy Fang, Evan Moore and Stanley Tang. On December 9, 2020, the company became a public company via an initial public offering, raising $3.37 billion. [77], In 2017, a class action lawsuit was filed against DoorDash for allegedly misclassifying delivery drivers in California and Massachusetts as independent contractors. Xu Wenwu was the legendary leader of the Ten Rings, named after his ancient weapons. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. But we are trying hard to collect all the information about him and will update you soon. 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. DoorDash grew out of their conversations with merchants, asking what hurdles they faced in growing their own businesses. Tony Xu. Tony Xu hasn't provided a bio yet. She later opened needle therapy and wellness centers in Champaign and the San Francisco Bay Area. Facebook gives people the power to share and. They purchased a total of 573,500 shares worth more than $49,963,096.52. Tony Xu is CEO/Co-Founder at DoorDash Inc. See Tony Xu's compensation, career history, education, & memberships. Back in 2013, Tony Xu was looking into ideas for a business school project when he hit on a problem affecting most restaurants: delivery. The Mandarin is just one of the . 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. So, naturally enough, he decided to . Many retailers claim to be a lifestyle brand, but Tractor Supply has earned the title as it serves customers searching for the 'Life Out Here' lifestyle. The company is based in San Francisco, California. Tony Xu Xu's own story, like that of many founders, begins an ocean away. Written by hao. Tony Xus Net Worth in 2022 Tony Xus total net worth is estimated to be approximately $2 billion as of June 2022. Xu has said his immigrant parents, and especially his mother's restaurant work, helped inspire DoorDash. DoorDash. Starting with restaurants, DoorDash is building the infrastructure and logistics platform to allow any local merchant to deliver. If customers tip over a set amount for the order total, Doordash hides a portion of the tip until the delivery is complete. But we are sure that it is not available and his spouses name is not available. 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 . Stern, Joanna (December 13, 2019). Save my name, email, and website in this browser for the next time I comment. He came with his parents from Nanjing, China, in 1989, when he was five, with only $300 in their pockets, but unlimited . BIOGRAPHY/Wiki. 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. 11/20/2022 11:00 AM. 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. It was a different license, and we only had $250 in the bank, so we couldnt put her through school. 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. Notify me of follow-up comments by email. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. Terrible insurance policies often prevent innovative new ideas from penetrating the food and beverage industry. Xu owns 4.6% of the delivery giant while cofounders Andy Fang, 28 . [21][22][23][24], By June 2020, DoorDash had raised more than $2.5 billion over several financing rounds from investors including Y Combinator, Charles River Ventures, SV Angel, Khosla Ventures, Sequoia Capital, SoftBank Group,[25] GIC,[26] and Kleiner Perkins. [40], DoorDash began expanding into international markets in 2015, launching in Toronto, Canada. [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. 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. [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. Among the questions asked was an inquiry into what advice hed offer young entrepreneurs looking to begin their own startups. He is Chinese by Nationality. Former England defender Rio Ferdinand says not enough is being done to combat online abuse and hate speech. Learn More on DoorDash's active insiders. The corporate mailing address for Mr. Xu and other DoorDash executives is , , . 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. 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. PALO ALTO, U.S. -- Tony Xu, co-founder and CEO of U.S. food delivery giant DoorDash, has always had a need for speed. He is around 35 years old [Not Confirmed] as of 2020. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. In recent times, interested individuals might have seen Maezawas name in, Read More 10 Things You Didnt Know about Maezawa YusakuContinue. It delivers meals and more from 390,000 restaurants and other merchants like CVS. Eventually, he decided to return to education by taking a business course at Stanford. It would be the same household chore thats a bugbear for the rest of us. As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. [17] By early 2019, DoorDash was the largest food delivery provider in the U.S., as measured by consumer spending. Price Range (last 24 months) None Reported. So, whats his favorite way to clear his mind? Since. [67][68][69], In April 2020, in the case of Davitashvili v. GrubHub Inc. DoorDash, Grubhub, Postmates, and Uber Eats were accused of monopolistic power by only listing restaurants on their apps if the restaurant owners signed contracts which include clauses that require prices be the same for dine-in customers as for customers receiving delivery. 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]. Later, he pursued an MBA from the Stanford Graduate School of Business. Pulling on a pair of sneakers and hitting the pavements. Cofounders Andy Fang and Stanley Tang, who Xu met while they were all studying at Stanford, own about 4% each. In 2012, this meeting was the predecessor of the transport organization PaloAltoDelivery.com. [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. He is also referred to as a business investor and the director of food transportation administration DoorDash. Stern, Joanna ( December 13, 2019 ) ] by early 2019, was! Xu 's buying and selling at DoorDash by year and by quarter build it into business! Xus priority is clearly his family decided hed had enough of trying to teach his classmates with. Hurdles they faced in growing their own startups he pursued an MBA from the of. 2015, launching in Toronto, Canada what advice hed offer young entrepreneurs looking to begin their own businesses is! 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