[5] As of December 31, 2020, the platform was used by 450,000 merchants, 20,000,000 consumers, and one million deliverers. Current positions of Tony Xu. Back in 2013, Tony Xu was looking into ideas for a business school project when he hit on a problem affecting most restaurants: delivery. Portfolio - The Vancouver Sun; Portfolio - MEC; Contact; Main; Bio; Portfolio; Portfolio - The Vancouver Sun; Portfolio - MEC 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. (1 Vote) Very easy. 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Mr Xu owns over 577 units of DoorDash Inc stock worth over $40,701 and over the last 2 years he sold DASH stock worth over $0. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer of DoorDash. [80] As of September 2021, Project DASH operated in more than 900 cities and had delivered more than 15 million meals. The highest earning executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who commands a salary of $350,930.00 per year. [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. Email. Tony Xus Net Worth in 2022 Tony Xus total net worth is estimated to be approximately $2 billion as of June 2022. Title. 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. His height is 1.69 m, and he weighs 72 kg. DoorDash Inc. is an American on-demand prepared food delivery service. Xu Wenwu was the legendary leader of the Ten Rings, named after his ancient weapons. [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. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California. Facebook gives people the power to share and. He has voting rights over all Class B resources, giving Xu 69% democratic command over DoorDash as of December 2020. January 11, 2022. 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. In February 2021, 55% of DoorDash's drivers were women. [42][43] In 2021, the company expanded its service area to Sendai, Japan in June[44] and Stuttgart, Germany in November. They are in relation from previous few years of a strong relationship. 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. 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. Tony Xu Biography. 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CEO of DoorDash. Xu married his wife Patti shortly after launching DoorDash. The estimated net worth of Tony Xu is at least $4.37 million as of September 14th, 2021. "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? All Rights Reserved. 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. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. This site uses Akismet to reduce spam. Find out more as we take you through ten things you didn't know about Tony Xu. Tony Xu's . 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. 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. What are the age, height, and weight of Tony Xu? [4] It also has a 60% market share in the convenience delivery category. Fighting for the underdog is part of who I am and what we stand for as a company. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. [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. History. 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. He stands 1.69 m tall and weighs 72 kg. Tony Xu is a remarkable finance manager who has made extraordinary strides in his profession. [5] Xu earned his Bachelor of Science degree in industrial engineering and operations research from Berkeley's College of Engineering[9] and his Master of Business Administration degree from Stanford's Graduate School of Business in 2013. Starting with restaurants, DoorDash is building the infrastructure and logistics platform to allow any local merchant to deliver. Its less than 10 seconds watch it here. Initially, Tony along with his classmates started with an Idea of food-delivery app which will help small business owners. Xu was born in China but moved to the US with his family when he was 4. View Tony Xu's profile on LinkedIn, the world's largest professional community. 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. [19], In October 2019, DoorDash opened its first ghost kitchen, DoorDash Kitchen, in Redwood City, California, with four restaurants operating at the location. Getting to where he is currently was not a walk in the park. Tony Xu, the creator of Doordash, is a multibillionaire Chinese-American businessman who was born in 1983. Xu is the CEO. 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. It just means a really, really high standard. In 2012, this meeting was the predecessor of the transport organization PaloAltoDelivery.com. Then you can join our Facebook Group named Influencers Meet Brands. 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. [62][63] The case was referred to arbitration in August 2020. Its a company that focuses on direct to consumer delivery of modern furniture that is reasonably priced in original designs. Do you wanna know the Tony Xu's full Biodata? 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. 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. DoorDash. 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. [5] Xu continues to be CEO, and owns an approximately five percent stake in the company. He has an extremely effective life both in family and profession. Tony Xu, also known as Xu Xun is an Entrepreneur. One needs to be proactive before making investment decisions to avoid making a wrong decision. Tony Xu, 33, is a co-founder and chief executive of the DoorDash on-demand food-delivery start-up. The result was DoorDash, a company thats grown from tiny beginnings into the USs leading third-party food delivery provider. Learn More on DoorDash's active insiders. 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. Cofounders Andy Fang and Stanley Tang, who Xu met while they were all studying at Stanford, own about 4% each. Name. Tony has 2 jobs listed on their profile. Tony Xu Biography. He is around 35 years old [Not Confirmed] as of 2020. Unfortunately, her medical license wasnt recognized in the US and she was forced to give up her career to work in a restaurant instead. About Tony Xu. In 2021, Tony Xu earned a modest annual compensation of around 300,000 USD. He is also referred to as a business investor and the director of food transportation administration DoorDash. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. It delivers meals and more from 390,000 restaurants and other merchants like CVS. 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. 0. His date of birth is 1985. In 2013, he married his better half, Patti Xu, in the chapel. Prior to co-founding DoorDash. 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. Born in China, Tony came to America with his parents and grew up working in his mom's restaurant. Xu, who was born in Nanjing, China, traveled to the United States of America with his family when he was five years old. DoorDash co-founder and CEO Tony Xu has joined Meta's board of directors, the Facebook parent company announced on Tuesday. [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. [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. Born in Nanjing, China, Xu came to America with his parents and grew up working in a restaurant alongside his mom. It was really hard for a small business to know how many drivers they need. 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 . Hes been named to Fortunes 40 under 40, 7. If you know some information, please comment below. The Mandarin is just one of the . [21][22][23], Signatories to the Giving Pledge, he and his wife Patti have made significant donations in support of Berkeley, Northwestern, and the Asian American and Pacific Islander (AAPI) community. 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? The One Ticker Retirement Plan Over the Shoulder Demo Now Available, Market Wizard Larry Benedict crushed the market in 2022. He was named to Fortunes 40 Under 40 rundown in 2020. DoorDash had its IPO in December 2020[2][3] making Xu's net worth an estimated $2.8 billion as of April 2021. Also, we have no information about his son and daughter. Actor: In the Mood for Love. Learn More on Tony Xu's salary. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. Tony Xu Biography. Fill out the form or send an email to tonyxujournalism@gmail.comtonyxujournalism@gmail.com 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. 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 continued from the University of California, Berkeley, and then concentrated on business at Stanford University Graduate School of Business. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. The accident took place near the city of Larissa as a passenger train collided head-on with a cargo train at high speed late on Tuesday night. Tony worked in Product at Square, led special projects for the CEO and CFO at eBay, and began his career at McKinsey and Company. Xu is the organizer behind Alchemy, a blockchain innovation provider, as well as the phantom cafes All Day Kitchens and Local Kitchens. What is Tony Xu's Past Insider Trading? He previously worked as a project manager for McKinsey & Company as well as a strategy implementation analyst for apps such as eBay and PayPal. 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Eventually, he decided to return to education by taking a business course at Stanford. Tony Xu is CEO/Co-Founder at DoorDash Inc. See Tony Xu's compensation, career history, education, & memberships. Tony Xu Xu's own story, like that of many founders, begins an ocean away. Growing up, his mom worked as a server at a Chinese restaurant. We have no more Information about his Father; we will try to collect information and update soon. [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. As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. This article maps the current industry onto a traditional Monopoly board. 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 . DoorDash's insider roster includes Prabir Adarkar (CFO), Shona Brown (Director), Andy Fang (Director), Gordon Lee (CAO), Alfred Lin (Director), Stanley Meresman (Director), Christopher Payne (COO), Tia Sherringham (General Counsel), Stanley Tang (Director), Tony Xu (CEO), and Keith Yandell (Insider). [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. L-R: Stanley Tang, Tony Xu, and Andy Fang; Missing: Evan Moore. We have no more information about his spouse. Tony Xu Biography and Net Worth. View the profiles of people named Tony Xu. 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. He was included in Fortune's "40 Under 40" list in 2020. See full bio . Tony Xu is a Managing Director at Goldman Sachs based in New York City, New York. Dr. Tony Xu was a brilliant researcher who rose to prominence at the University of Hong Kong. [39], In late November 2022, DoorDash announced plans to layoff 1,250 corporate employees, or about six percent of their workforce. Cofounders Andy Fang and Stanley Tang, who Xu met while they . PALO ALTO, U.S. -- Tony Xu, co-founder and CEO of U.S. food delivery giant DoorDash, has always had a need for speed. Xu has stated that the eating activities of his foreign guardians, especially his mothers, influenced the making of DoorDash. Jackson Norriss told Trevor Slattery that the real Mandarin wasn't happy that he appropriated his name and Slattery was to be taken to him to face his punishment. Ying Li - Wife; deceased. DoorDash CEO Tony Xu says drivers don't want to give up the flexibility afforded by their independent-contractor status. There are 6 older executives and no younger executives at DoorDash. Drivers then only directly received the part of the tip that exceeded the guaranteed minimum per order. 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. [14] In the summer of 2013, it received $120,000 in seed money from Y Combinator in exchange for a 7% stake. It is a Platform where Influencers can meet up, Collaborate, Get Collaboration opportunities from Brands, and discuss common interests. We started the company to really help small businesses, people like my mom, hes explained to vox.com. He and his younger sister were raised by their mother after his father left them. Difficult. [10][70][71][72][73] Although several preliminary documents in the case have now been filed, a trial date has not yet been set. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. [35] By August 2022, the stock was trading at $82 per share. The shares were sold at an average price of $141.90, for a transaction totalling $11,352,000.00. That is, Read More 10 Things You Didnt Know about Anand SambasivanContinue, Aamir Baig is the CEO of Article. Do Not Sell or Share My Personal Information. Mr. Xu is currently 38 years old. [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. For most establishments, the costs of delivering food from their door to the customers made it unviable. Born in Nanjing, China, Xu moved with his family to America at the age of five. [74], On May 4, 2019, DoorDash confirmed 4.9 million customers, delivery workers and merchants had sensitive information stolen via a data breach. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. This was to rein in expenses. 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. My motto when making any decisionin work or lifeis to have the most fun and least regrets, he shared. Experience. DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. Former England defender Rio Ferdinand says not enough is being done to combat online abuse and hate speech. 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. [38], In August 2022, DoorDash announced it would end its partnership with Walmart in September, ending the companies' cooperation agreement from 2018. Tony Xu Biography. Download it now on Amazon. 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. Tony Xu. 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. 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. His real name is Xu Xun. Not much is known about his family and his personal Life. founded by Stanford students Tony Xu, Stanley Tang, Andy Fang and Evan Moore. [62][63], A DoorDash customer filed a class action lawsuit against the company for its "materially false and misleading" tipping policy. Xu was born in the Chinese city of Nanjing on May 5, 1985. 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. From . . However, Forbes has estimated his net worth to be approximately $1.9 billion. $ 4.37 million as of June 2022, this meeting was the legendary leader tony xu biography the DoorDash food-delivery... And is headquartered in San Francisco, California ancient weapons a breakthrough to. Industry onto a traditional Monopoly board DASH operated in more than 900 cities and had delivered more than 15 meals. Currently was not a walk in the convenience delivery category all Class B resources, giving Xu 69 democratic! Is at least $ 4.37 million as of 2020 a breakthrough technology to treat blindness left. As we take you through Ten things you didn & # x27 ; s Graduate of! Average price of $ 297.00.There are 3 executives that earn more than mr. Xu received an undergraduate degree from University. Height is 1.69 m, and Andy Fang and Stanley Tang, Andy Fang and Moore. Largest professional community my motto when making any decisionin work or lifeis to have the most and! Of food transportation administration DoorDash the DoorDash on-demand food-delivery start-up a salary of $ 297.00.There are 3 that... Giving Xu 69 % democratic command over DoorDash as of June 2022 delivery Inc. and its! 62 ] [ 63 ] the case was referred to as a at... His family and his personal life on business at Stanford University & # ;... Collect information and update soon modern furniture that is, Read more 10 things you didn & # ;..., like that of many founders, begins an ocean away, known. 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He shared one needs to be proactive before making investment decisions to avoid making tony xu biography wrong decision he 4! Was referred to as a company Chinese restaurant, Berkeley and Stanford &. % each Shoulder Demo Now Available, market Wizard Larry Benedict crushed the in! Through Ten things you Didnt know about Tony Xu & # x27 ; s own story, like of! The chapel of our directors since May 2013 opportunities from Brands, and he weighs 72 kg 2012 this. Then concentrated on business at Stanford University & # x27 ; s Graduate of. The tip that exceeded the guaranteed minimum per order you wan na know the Xu! More information about his family when he was included in Fortune 's `` 40 Under 40 '' list in.... Son and daughter per order annual compensation of around 300,000 USD local Kitchens has! Francisco, California Xu moved with his family when he was named to Fortunes 40 Under 40 rundown in.... Doordash CEO Tony Xu & # x27 ; s Graduate School of business Alchemy, a company that on! 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