Xu owns 4.6% of the delivery giant while cofounders Andy Fang, 28 . He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. 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. This explains why I feel so lucky doing what I do every day.. Tony Xu, CEO of DoorDash, is the Business Times' 2021 Executive of the Year. They have two children together. Learn More on Tony Xu's trading history. Xu was born in the Chinese city of Nanjing on May 5, 1985. [74], On May 4, 2019, DoorDash confirmed 4.9 million customers, delivery workers and merchants had sensitive information stolen via a data breach. Read More . If customers tip over a set amount for the order total, Doordash hides a portion of the tip until the delivery is complete. Tony Xu is a Managing Director at Goldman Sachs based in New York City, New York. The mothers name is Not Available. Tony Xu #0781298. His height is 1.69 m, and he weighs 72 kg. jQuery(document).ready(function($) { DoorDash had its IPO in December 2020[2][3] making Xu's net worth an estimated $2.8 billion as of April 2021. 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. Ying Li - Wife; deceased. In 2013, he married his wife, Patti Xu, in church. Difficult. His Girlfriend/boyfriends name is Not Available. 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He and his younger sister were raised by their mother after his father left them. DoorDash launched in Palo Alto and, as of May 2019, had expanded to more than 4,000 cities and offered a 340,000 selection of stores across the US and Canada. His answer revealed the personal philosophy that drives his success. Xu was born in China but moved to the US with his family when he was 4. Let's connect! All Rights Reserved. We have no more Information about his Father; we will try to collect information and update soon. Current positions of Tony Xu. Tony Xu Wife, marriage Tony Xu and his better half Patti Xu now live in San Francisco. About Tony Xu. 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. "Our new Managing Directors represent the best of our firm's dedication to excellence, leadership and client service, and . Tony Xu creative thinker, and he always lk fr opportunities t convert ideas n action, along with his brand of creativity nt vr aspect of important Life, nd develop strategies fr innovation. He is around 35 years old [Not Confirmed] as of 2020. (1 Vote) Very easy. It went public in December 2020 on NYSE and trades under the symbol DASH. Tony Xu was born on May 5, 1985, and as of 2022, he will be 37 years old. Johnson, Eric (January 9, 2019). 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. [7][60][61][62] Drivers receive a guaranteed minimum per order that is paid by DoorDash by default. [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. Facebook gives people the power to share and. There are 6 older executives and no younger executives at DoorDash. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. BREAKING: Tiny biotech successfully treats blindness. Tony Xu Biography and Net Worth. Recode. 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. On this Wikipedia the language links are at the top of the page across from the article title. "In the Elevator With DoorDash CEO Tony Xu". Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. Written by hao. If you know some information, please comment below. Tony Xu, (born 1985 as Xu Xun) (Chinese: ), is a Chinese-American technology executive and the co-founder and CEO of DoorDash. Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. Xu has said his immigrant parents, and especially his mother's restaurant work, helped inspire DoorDash. Learn More on Tony Xu's age. Changs China Bistro and Dunkin Donuts, while also championing corner restaurants like the one Xu grew up in. DoorDash exists today to empower those like my Mom who came here with a dream to make it on their own. Pronunciation of Tony Xu with 1 audio pronunciations. Xu is the organizer behind Alchemy, a blockchain innovation provider, as well as the phantom cafes All Day Kitchens and Local Kitchens. Cofounders Andy Fang and Stanley Tang, who Xu met while they were all studying at Stanford, own about 4% each. ", "2021 Edison Trends U.S. 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. 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. Learn More about insider trades at DoorDash. [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. He began his calling as an understudy at an organization called Square Inc. Xu recently worked as an employee for organizations such as McKinsey and Company, eBay and PayPal. Tony Xu Achievements and Awards Tony Xu is certainly not a remarkable or notable TV character, so he has no honor or achievements in his day to day existence or profession. But it's too early to write off Klarna. That kind of thing doesnt go unnoticed, as Xu himself learned when he earned a place on Fortunes prestigious 40 under 40, an annual round-up of the most influential people under the age of 40. Terrible insurance policies often prevent innovative new ideas from penetrating the food and beverage industry. Raza . Why? He owns 4.6% plus options. Very difficult. Tony Xu Tony Xu is the co-founder and CEO of DoorDash. 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. [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. His mother's name Julie Cao was a specialist in China before moving to the United States of America where she worked in a cafe and rearranged many responsibilities to pay for her . Tony, 36, became a billionaire as a result of the profitable public sale, and he now owns over 5% of the firm, according to CNBC. They couldnt deal with special events like a football game or Valentines Day.. Wiki, Biography, Age, Spouse, Net Worth, Fast Facts. Tony Xus fortune is estimated to be in the $2 billion range. It was really hard for a small business to know how many drivers they need. DoorDash co-founder and CEO Tony Xu has joined Meta's board of directors, the Facebook parent company announced on Tuesday. [75], In July 2021, DoorDash drivers went on strike to protest lack of tip transparency and to ask for higher pay. + Add or change photo on IMDbPro . In 2013, he married his better half, Patti Xu, in the chapel. When a customer added a tip, instead of going directly to the driver, it first went to the company to cover the guaranteed minimum. 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. [3], With a 56% market share, DoorDash is the largest food delivery company in the United States. Editor's note: Last . Xu was born in China and moved to the U.S. at age five. Tony Xu CEO & Co-Founder. Later, he pursued an MBA from the Stanford Graduate School of Business. [25] He and his wife Patti met at church while they were undergraduates at Berkeley and married in 2013; the couple have two children. [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. Xu married his wife Patti shortly after launching DoorDash. It incorporated as DoorDash in June 2013. 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. See full bio . More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro. Master of Business Administration, Stanford Graduate School of Business; Bachelor of Arts/Science, University of California, Berkeley. On 9th December 2020, his company launched IPO, which made him a billionaire at such an early age. }); If you are a Model, Tiktoker, Instagram Influencer, Fashion Blogger, or any other Social Media Influencer, who is looking to get Amazing Collaborations. In Shang-Chi and the Legend of the Ten Rings, Tony Leung's Xu Wenwu is revealed to be the head of a shadowy international network dating back to the Middle Ages. January 31, 2021. [77], In 2017, a class action lawsuit was filed against DoorDash for allegedly misclassifying delivery drivers in California and Massachusetts as independent contractors. See the complete profile on LinkedIn and discover Tony's connections and jobs at similar companies. 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]. [4] It also has a 60% market share in the convenience delivery category. [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. This page has information about Tony Xu, who It is a Platform where Influencers can meet up, Collaborate, Get Collaboration opportunities from Brands, and discuss common interests. He is known for being the co-founder and chief executive officer (CEO) of his company DoorDash. They purchased a total of 573,500 shares worth more than $49,963,096.52. So, naturally enough, he decided to change it. They sold a total of 800,309 shares worth more than $63,347,607.21. Born in Nanjing, China, Xu came to America with his parents and grew up working . 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. To get the insight scoop, Xu decided to take a job as a delivery driver with Dominos Pizza. [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]. 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. Later, he pursued an MBA from the Stanford Graduate School of Business. Last week, Murdaugh took the witness stand to deny he was the one to pull the trigger. 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