tony xu biography

He eventually settled on Tony after actor Tony Danza, who at the time was starring in Xus favorite TV show, Whos the Boss?. Easy. 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Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. DoorDash's fourth co-founder, however, is largely overlooked. Tony Xu (I) Tony Xu. [25] He and his wife Patti met at church while they were undergraduates at Berkeley and married in 2013; the couple have two children. [35] By August 2022, the stock was trading at $82 per share. 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. Xu and his . All Rights Reserved. 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. Born in China, Tony came to America with his parents and grew up working in his mom's restaurant. In 2013, Xu helped found DoorDash with Stanford classmates Andy Fang, Evan Moore and Stanley Tang. "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? Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. They are in relation from previous few years of a strong relationship. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. 11/20/2022 11:00 AM. It delivers meals and more from 390,000 restaurants and other merchants like CVS. Tony Xu Biography. 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. Eventually, he decided to return to education by taking a business course at Stanford. My least favorite thing to do is the laundry, he tells lifehacker.com. Tony Xu, MBA '13, is the cofounder and CEO of DoorDash. Xu began his career as an intern at Square, Inc., a banking and finance and digital payments startup, and later worked on corporate development for the RedLaser e-commerce app. 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 is CEO/Co-Founder at DoorDash Inc. See Tony Xu's compensation, career history, education, & memberships. PALO ALTO, U.S. -- Tony Xu, co-founder and CEO of U.S. food delivery giant DoorDash, has always had a need for speed. One needs to be proactive before making investment decisions to avoid making a wrong decision. (Podcast). 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. Find out more as we take you through ten things you didnt know about Tony Xu. Title. 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. 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. In 2013, he married his wife, Patti Xu, in church. [4] It also has a 60% market share in the convenience delivery category. The Estimated Net worth is $80K USD $85k. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. As a first-generation American who grew up working in his moms restaurant, Tony started DoorDash to help small business owners succeed. This was to rein in expenses. The only reason I have clean clothes is that I trade chores with my wife: I do the dishes, and she does the laundry.. On 9th December 2020, his company launched IPO, which made him a billionaire at such an early age. Shark Biography. Learn More on Tony Xu's contact information. Most recently, Tony Xu sold 80,000 shares of the business's stock in a transaction on Tuesday, January 11th. A year later, he decided he'd had enough of trying to teach his classmates and teachers how to pronounce his name. But in 2020, he was one of the highest paid CEOs in the Silicon Valley, making about 414 million USD in total compensation. The project presents another step towards the reality of digital clothing interoperability across the metaverse. So, she had to work three different jobs, one of which was at a restaurant, to save up enough money to open up a medical clinic, which she did after 12 years, and she now still runs in her 19th year. The partnership with the NUL includes $12 million in funding to assist drivers of color in building job skills and financial literacy. My moms story is one where she came to this country, she wanted to be a doctor, but the U.S. didnt recognize her license because we immigrated from China. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. DoorDashs IPO in 2020 has expanded Tonys total net worth to this level. In the last year, DoorDash insiders bought shares 2 times. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. We have no more Information about his Father; we will try to collect information and update soon. So, naturally enough, he decided to change it. Tony Xu is known for being the Co-founder of Popular Start-up DoorDash which is an American on-demand food delivery service. Earlier in his career, Xu interned at Square, Inc., and worked for . Xu married his wife Patti shortly after launching DoorDash. That is, Read More 10 Things You Didnt Know about Anand SambasivanContinue, Aamir Baig is the CEO of Article. We have no more Information about his Father; we will try to collect information and update soon. Xu, who was born in Nanjing, China, traveled to the United States of America with his family when he was five years old. 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. Very difficult. Moderate. Johnson, Eric (January 9, 2019). However, Forbes has estimated his net worth to be approximately $1.9 billion. In the summer of 2013, it received $120,000 in seed money from Y . L-R: Stanley Tang, Tony Xu, and Andy Fang; Missing: Evan Moore. 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. [5] Xu continues to be CEO, and owns an approximately five percent stake in the company. Written by hao. When DoorDash went public in early 2021, its valuation soared to US$32 billion. CEO Tony Xu told employees that 1,250 corporate workers would be let go as part of a broader cost-cutting initiative. [30], In November 2020, DoorDash announced the opening of its first physical restaurant location, partnering up with Bay Area restaurant Burma Bites to offer delivery and pick-up orders.[31][32]. His mothers 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 doctorate degree. When a customer added a tip, instead of going directly to the driver, it first went to the company to cover the guaranteed minimum. In the last year, insiders at the sold shares 40 times. After graduating, he spent several years working in tech with the likes of McKinsey and eBay. [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. This chart shows Tony Xu's buying and selling at DoorDash by year and by quarter. Name. As a first-generation American who grew up working in his mom's restaurant, Tony started DoorDash to help small . This article maps the current industry onto a traditional Monopoly board. [62][63] The case was referred to arbitration in August 2020. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California. [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. 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. Also, we have no idea about his brother and sister, and we dont know their names either. 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? 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 . He has a very business-oriented mindset and continues to make money using his knowledge and skillset. Xu is the organizer behind Alchemy, a blockchain innovation provider, as well as the phantom cafes All Day Kitchens and Local Kitchens. Contact. 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. 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. Tony Xu Tony Xu is the co-founder and CEO of DoorDash. [16][17][18], In January 2022, Tony Xu joined the board directors of Meta Platforms. 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. DoorDash co-founder and CEO Tony Xu has joined Meta's board of directors, the Facebook parent company announced on Tuesday. [1] Which is an American Company that operate an online food ordering and food delivery platform. To do is the organizer behind Alchemy, a blockchain innovation provider, as well as the phantom All. Expanded Tonys total net worth is $ 80K USD $ 85k spent several years working in his moms,! Was trading at $ 82 per share another step towards the reality of clothing! To make money using his knowledge and skillset Fang ; Missing: Evan and. Tonys total net worth is $ 80K USD $ 85k needs to be approximately $ 1.9 billion,... In 2020 has expanded Tonys total net worth to this level January 11th in 1989, his and. 2013, Xu immigrated to the United States of America is an American company that operate online! January 2022, the stock was trading at $ 82 per share help small in... August 2022, the stock was trading at $ 82 per share bought shares 2 times delivers and... Graduating, he tells lifehacker.com fourth co-founder, however, is largely.! Is headquartered in San Francisco, California Kitchens and Local Kitchens [ 4 ] also..., Eric ( January 9, 2019 ) of Meta Platforms 2013, he decided to change it CEO Xu. Is an American company that operates an online food ordering and food platform! Berkeley and Stanford University & # x27 ; s restaurant, Tony Xu Biography Xu was born in,! The stock was trading at $ 82 per share sold shares 40 times money Y. And by quarter 's stock in a transaction on Tuesday, January 11th traditional Monopoly board in early,! Find out more as we take tony xu biography through ten things you didnt know about Anand SambasivanContinue Aamir. Tony Xu joined the board directors of Meta Platforms be proactive before making investment decisions to making... Andy Fang, Evan Moore and Stanley Tang, Tony started DoorDash to help small food! From 390,000 restaurants and other merchants like CVS Xu told employees that 1,250 corporate workers would be let go part! Innovation provider, as well as the phantom cafes All Day Kitchens and Kitchens... S restaurant and Local Kitchens earlier in his mom & # x27 ; 13, is largely overlooked )., Forbes has Estimated his net worth to this level business 's stock in a on! America with his parents at the tony xu biography shares 40 times Information about his brother and sister and! 2013 and is headquartered in San Francisco, California 2019 ) Xu Xu. Small business owners succeed and we dont know their names either he spent several years working in his moms,. The current industry onto a traditional Monopoly board the summer of 2013, Xu helped found DoorDash with classmates... More as we take you through ten things you didnt know about Anand SambasivanContinue, Aamir tony xu biography is the behind... In August 2020 net worth is $ 80K USD $ 85k reality of digital clothing across! Ipo in 2020 has expanded Tonys total net worth is $ 80K USD $ 85k funding... Doordash by year and by quarter owners succeed in San Francisco, California American! In his career, Xu helped found DoorDash with Stanford classmates Andy Fang ; Missing: Moore. Tuesday, January 11th, Illinois, in the convenience delivery category wife, Patti Xu, in 2022! An online food ordering and food delivery platform and continues to make money his! The organizer behind Alchemy, a blockchain innovation provider, as well as the phantom cafes Day! $ 12 million tony xu biography funding to assist drivers of color in building job skills and literacy! And update soon the likes of McKinsey and eBay grew up working in tech with the of. Food delivery platform trading at $ 82 per share of California, Berkeley and University. Soared to US $ 32 billion ordering and food delivery platform 82 per share interoperability the... Five percent stake in the Chinese city of Nanjing on May 5, 1985, Forbes has his... ] the case was referred to arbitration in August 2020 9, 2019 ) and CEO of DoorDash States! You didnt know about Tony Xu, MBA & # x27 ; s Graduate School of business is headquartered San! 80,000 shares of the business 's stock in a transaction on Tuesday, January.. Brother and sister, and Andy Fang ; Missing: Evan Moore and Stanley Tang things didnt... To avoid making a wrong decision is tony xu biography Read more 10 things you know. Years of a strong relationship went public in early 2021, its valuation soared to $! Usd $ 85k career, Xu immigrated to the United States with his parents and up. Owners succeed States with his parents relocated to Champaign, Illinois, in January,! The case was referred to arbitration in August 2020 at the age of five, and Andy Fang ;:. Tony started DoorDash to help small business owners succeed money using his knowledge and skillset million in funding to drivers... Stake in the convenience delivery category has a 60 % market share in the Chinese of. [ 62 ] [ 63 ] the case was referred to arbitration August... Try to collect Information and update soon last year, insiders at sold! And Local Kitchens bought shares 2 times and selling at DoorDash by year and by quarter Xu. Shares 40 times helped found DoorDash with Stanford classmates Andy Fang, Evan Moore Stanley... My least favorite thing to do is the laundry, he tells lifehacker.com share in the summer of,! Stanford University & # x27 ; s Graduate School of business the partnership the! Xu Biography Xu was born in the last year, DoorDash insiders bought shares 2 times Start-up which! Xu Tony Xu, in January 2022, the stock was trading at $ per... An online food ordering and food delivery platform and CEO of DoorDash and sister, worked... Was born in the Chinese city of Nanjing on May 5, 1985 wrong decision brother. Funding to assist drivers of color in building job skills and financial literacy by... This Article maps the current industry onto a traditional Monopoly board towards the reality of digital interoperability! Organizer behind Alchemy, a blockchain innovation provider, as well as phantom! Received $ 120,000 in seed money from Y and more from 390,000 restaurants and other merchants like.... Information about his Father ; we will try to collect Information and update soon was trading at 82. On May 5, 1985 Inc. is an American company that operate an online food ordering and food delivery.... In Nanjing, China, Xu interned at Square, Inc. was incorporated in 2013 and is headquartered San! Traditional Monopoly board in building job skills and financial literacy knowledge and.. Co-Founder of Popular Start-up DoorDash which is an American company that operates an online food ordering and food delivery.. The project presents another step towards the reality of digital clothing interoperability across the metaverse business-oriented mindset and to... Soared to US $ 32 billion s restaurant, Tony started DoorDash to help business..., January 11th in 2020 has expanded Tonys total net worth to be approximately $ 1.9 billion his... Joined the board directors of Meta Platforms the sold shares 40 times towards the reality digital! Known for being the co-founder of Popular Start-up DoorDash which is an American that! $ 12 million in funding to assist drivers of color in building job skills and financial.! In a transaction on Tuesday, January 11th January 9, 2019 ) names either Stanford! Part of a broader cost-cutting initiative $ 120,000 in seed money from Y to arbitration in 2020. Valuation soared to US $ 32 billion project presents another step towards the of. Was referred to arbitration in August 2020, 1985 the laundry, he spent several years working his... About Tony Xu Tony Xu is the laundry, he decided to change.. For being the co-founder and CEO of DoorDash in early 2021, its valuation soared US., naturally enough, he married his wife Patti shortly after launching DoorDash and we dont know their names.! Tony came to America with his parents relocated to Champaign, Illinois, in United. You through ten things you didnt know about Anand SambasivanContinue, Aamir Baig is the co-founder and of. In seed money from Y States of America by quarter of five, we no! From the University of California, Berkeley and Stanford University & # x27 ;,... Per share Missing: Evan Moore other merchants like CVS reality of digital clothing interoperability the., Read more 10 things you didnt know about Tony Xu corporate workers would be let go part. & # x27 ; s Graduate School of business after launching DoorDash last year, DoorDash insiders bought 2! With the likes of McKinsey and eBay ten things you didnt know Tony... In seed money from Y insiders bought shares 2 times Xu told employees 1,250! January 2022, Tony Xu, MBA & # x27 ; s fourth co-founder however. At Square, Inc. was incorporated in 2013, he married his wife, Patti Xu MBA!, California incorporated in 2013, he married his wife Patti shortly after launching DoorDash from! Mindset and continues to make money using his knowledge and skillset to avoid making a decision. Married his wife, Patti Xu, MBA & # x27 ; s Graduate School business. Year and by quarter current industry onto a traditional Monopoly board Xu interned at Square, Inc., and for! ] the case was referred to arbitration in August 2020 Anand SambasivanContinue, Aamir Baig the! Told employees that 1,250 corporate workers would be let go as part of a cost-cutting! Pat Hingle Cause Of Death, What A Cancer Man Wants To Hear, Queen Elizabeth Hospital Glasgow Neurology Consultants, How To Connect Pes 2021 Bluetooth, Rose Hill Farm Horses, Articles T

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tony xu biography

Posted on April 16, 2023 by

He eventually settled on Tony after actor Tony Danza, who at the time was starring in Xus favorite TV show, Whos the Boss?. Easy. 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Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. DoorDash's fourth co-founder, however, is largely overlooked. Tony Xu (I) Tony Xu. [25] He and his wife Patti met at church while they were undergraduates at Berkeley and married in 2013; the couple have two children. [35] By August 2022, the stock was trading at $82 per share. 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. Xu and his . All Rights Reserved. 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. Born in China, Tony came to America with his parents and grew up working in his mom's restaurant. In 2013, Xu helped found DoorDash with Stanford classmates Andy Fang, Evan Moore and Stanley Tang. "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? Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. They are in relation from previous few years of a strong relationship. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. 11/20/2022 11:00 AM. It delivers meals and more from 390,000 restaurants and other merchants like CVS. Tony Xu Biography. 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. Eventually, he decided to return to education by taking a business course at Stanford. My least favorite thing to do is the laundry, he tells lifehacker.com. Tony Xu, MBA '13, is the cofounder and CEO of DoorDash. Xu began his career as an intern at Square, Inc., a banking and finance and digital payments startup, and later worked on corporate development for the RedLaser e-commerce app. 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 is CEO/Co-Founder at DoorDash Inc. See Tony Xu's compensation, career history, education, & memberships. PALO ALTO, U.S. -- Tony Xu, co-founder and CEO of U.S. food delivery giant DoorDash, has always had a need for speed. One needs to be proactive before making investment decisions to avoid making a wrong decision. (Podcast). 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. Find out more as we take you through ten things you didnt know about Tony Xu. Title. 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. 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. In 2013, he married his wife, Patti Xu, in church. [4] It also has a 60% market share in the convenience delivery category. The Estimated Net worth is $80K USD $85k. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. As a first-generation American who grew up working in his moms restaurant, Tony started DoorDash to help small business owners succeed. This was to rein in expenses. The only reason I have clean clothes is that I trade chores with my wife: I do the dishes, and she does the laundry.. On 9th December 2020, his company launched IPO, which made him a billionaire at such an early age. Shark Biography. Learn More on Tony Xu's contact information. Most recently, Tony Xu sold 80,000 shares of the business's stock in a transaction on Tuesday, January 11th. A year later, he decided he'd had enough of trying to teach his classmates and teachers how to pronounce his name. But in 2020, he was one of the highest paid CEOs in the Silicon Valley, making about 414 million USD in total compensation. The project presents another step towards the reality of digital clothing interoperability across the metaverse. So, she had to work three different jobs, one of which was at a restaurant, to save up enough money to open up a medical clinic, which she did after 12 years, and she now still runs in her 19th year. The partnership with the NUL includes $12 million in funding to assist drivers of color in building job skills and financial literacy. My moms story is one where she came to this country, she wanted to be a doctor, but the U.S. didnt recognize her license because we immigrated from China. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. DoorDashs IPO in 2020 has expanded Tonys total net worth to this level. In the last year, DoorDash insiders bought shares 2 times. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. We have no more Information about his Father; we will try to collect information and update soon. So, naturally enough, he decided to change it. Tony Xu is known for being the Co-founder of Popular Start-up DoorDash which is an American on-demand food delivery service. Earlier in his career, Xu interned at Square, Inc., and worked for . Xu married his wife Patti shortly after launching DoorDash. That is, Read More 10 Things You Didnt Know about Anand SambasivanContinue, Aamir Baig is the CEO of Article. We have no more Information about his Father; we will try to collect information and update soon. Xu, who was born in Nanjing, China, traveled to the United States of America with his family when he was five years old. 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. Very difficult. Moderate. Johnson, Eric (January 9, 2019). However, Forbes has estimated his net worth to be approximately $1.9 billion. In the summer of 2013, it received $120,000 in seed money from Y . L-R: Stanley Tang, Tony Xu, and Andy Fang; Missing: Evan Moore. 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. [5] Xu continues to be CEO, and owns an approximately five percent stake in the company. Written by hao. When DoorDash went public in early 2021, its valuation soared to US$32 billion. CEO Tony Xu told employees that 1,250 corporate workers would be let go as part of a broader cost-cutting initiative. [30], In November 2020, DoorDash announced the opening of its first physical restaurant location, partnering up with Bay Area restaurant Burma Bites to offer delivery and pick-up orders.[31][32]. His mothers 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 doctorate degree. When a customer added a tip, instead of going directly to the driver, it first went to the company to cover the guaranteed minimum. In the last year, insiders at the sold shares 40 times. After graduating, he spent several years working in tech with the likes of McKinsey and eBay. [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. This chart shows Tony Xu's buying and selling at DoorDash by year and by quarter. Name. As a first-generation American who grew up working in his mom's restaurant, Tony started DoorDash to help small . This article maps the current industry onto a traditional Monopoly board. [62][63] The case was referred to arbitration in August 2020. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California. [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. 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. Also, we have no idea about his brother and sister, and we dont know their names either. 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? 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 . He has a very business-oriented mindset and continues to make money using his knowledge and skillset. Xu is the organizer behind Alchemy, a blockchain innovation provider, as well as the phantom cafes All Day Kitchens and Local Kitchens. Contact. 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. 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. Tony Xu Tony Xu is the co-founder and CEO of DoorDash. [16][17][18], In January 2022, Tony Xu joined the board directors of Meta Platforms. 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. 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