Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. Tony Xu Biography. 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. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. [24], Xu lives in San Francisco. Getting to where he is currently was not a walk in the park. 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. [83], In terms of delivery, DoorDash has an algorithm that plans routes automatically and can choose a faster route. Its less than 10 seconds watch it here. Drivers then only directly received the part of the tip that exceeded the guaranteed minimum per order. To get the insight scoop, Xu decided to take a job as a delivery driver with Dominos Pizza. 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 . On Daily Routines, we profile successful leaders, entrepreneurs, artists, executives and athletes to explore their routines, schedules, habits . The One Ticker Retirement Plan Over the Shoulder Demo Now Available, Market Wizard Larry Benedict crushed the market in 2022. 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. On this Wikipedia the language links are at the top of the page across from the article title. Back in 2018, Xu took part in a question/ answer session at Quora (https://www.quora.com/profile/Tony-Xu). Xu was born in China and moved to the U.S. at age five. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Later, he pursued an MBA from the Stanford Graduate School of Business. The result was DoorDash, a company thats grown from tiny beginnings into the USs leading third-party food delivery provider. Discover the habits and routines of 50 of the world's most successful people with our latest ebook, Daily Routines. The mothers name is Not Available. They have two children together. Rate the pronunciation difficulty of Tony Xu. The most recent insider tranaction occured on February, 23rd when Director Stanley J Meresman sold 15,000 shares worth more than $865,050.00. Tony Xu's Height, Weight & Body Measurement. As a first-generation American who grew up working in his moms restaurant, Tony started DoorDash to help small business owners succeed. The Wall Street Journal His height is 1.69 m, and he weighs 72 kg. 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 . [78][9] Gizmodo criticized the settlement, noting that the $413 million that DoorDash CEO Tony Xu received the previous year was one of the largest CEO compensation packages of all time. DoorDash, which employs about 350 people, is based in San Francisco. [10][70][71][72][73] Although several preliminary documents in the case have now been filed, a trial date has not yet been set. In 2013, Xu co-founded DoorDash with Stanford classmates Andy Fang, Evan Moore, and Stanley Tang. 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). Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. Not much is known about his family and his personal Life. Cofounders Andy Fang and Stanley Tang, who Xu met while they were all studying at Stanford, own about 4% each. Tony Xu, MBA '13, is the cofounder and CEO of DoorDash. Hes been named to Fortunes 40 under 40, 7. [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. The guest shark Tony Xu is a Chinese-American billionaire and a businessman, who was born in 1983. 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 . [11][12][13], In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. Spoken Languages. View Tony Xu's profile on LinkedIn, the world's largest professional community. It was a different license, and we only had $250 in the bank, so we couldnt put her through school. 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 Xu is a Managing Director at Goldman Sachs based in New York City, New York. [6], DoorDash has been criticized and sued for withholding tips, reducing tip transparency, antitrust price manipulation, listing restaurants without permission, and allegedly misclassifying workers. In 2013, Xu accepted his four-year college degree in modern design and activity research from the University of California, Berkeley, and his graduate degree in business organization from Stanford Universitys Graduate School of Business. As a first-generation American who grew up working in his mom's restaurant, Tony started DoorDash to help small business owners succeed. Tony Xu, DoorDash. Do you wanna know the Tony Xu's full Biodata? DoorDash's fourth co-founder, however, is largely overlooked. He depicts himself as an avid ball fan and lets his ability to teach English to the game and the media. See full bio . 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 (DoorDash CEO) Wiki, Biography, Age, Family, Facts and More, Andrew Carnegie Wiki, Biography, Net Worth, Age, Family, Facts and More. Why? According to a filing made public Monday, DoorDash plans to list 33 million shares, at a price range between $75 to $85 per share. In a news release, Mark Zuckerberg described Xu as "a great tech leader" who "has direct experience in both running a tech company and solving complex challenges in commerce." "Tony has built a great service for millions of . The only reason I have clean clothes is that I trade chores with my wife: I do the dishes, and she does the laundry.. 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]. Among the questions asked was an inquiry into what advice hed offer young entrepreneurs looking to begin their own startups. Pulling on a pair of sneakers and hitting the pavements. Facebook gives people the power to share and. DoorDash's delivery system can learn on its own and change based on things like the number of delivery people, the time of day, and how much food is expected to be ordered.[84]. Learn More on Tony Xu's age. He is around 35 years old [Not Confirmed] as of 2020. [16][17][18], In January 2022, Tony Xu joined the board directors of Meta Platforms. He came with his parents from Nanjing, China, in 1989, when he was five, with only $300 in their pockets, but unlimited . He is known for being the co-founder and chief executive officer (CEO) of his company DoorDash. Tony Xu Sales Manager- Shanghai PYTES Energy Co., Ltd. . [14] In the summer of 2013, it received $120,000 in seed money from Y Combinator in exchange for a 7% stake. Mr. Xu owns 80,000 shares of DoorDash stock worth more than $4,372,800 as of February 28th. [9], In 2018, DoorDash launched Project DASH, a partnership with local food security organizations to deliver donations to those in need. Learn More on Tony Xu's salary. His ethnicity is Asian. 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. My motto when making any decisionin work or lifeis to have the most fun and least regrets, he shared. DoorDash has 12 members of its Management Team, which are its top executives, including CEO Tony Xu. Most recently, Tony Xu sold 80,000 shares of the business's stock in a transaction on Tuesday, January 11th. In February 2021, 55% of DoorDash's drivers were women. [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. [80] As of September 2021, Project DASH operated in more than 900 cities and had delivered more than 15 million meals. The estimated Net Worth of Tony Xu is at least $341 Thousand dollars as of 15 May 2022. He is Chinese by Nationality. If you know some information, please comment below. Write Tony Xu' 1st recommendation. Tony Xu has not been actively trading shares of DoorDash over the course of the past ninety days. It incorporated as DoorDash in June 2013. 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. [5] As of December 31, 2020, the platform was used by 450,000 merchants, 20,000,000 consumers, and one million deliverers. [17] By early 2019, DoorDash was the largest food delivery provider in the U.S., as measured by consumer spending. But later he immigrated to the United States with his parents when he was five years old. Now estimated to be worth close to $16 billion, DoorDash has made names of its founders, not least Xu, who currently presides over the company as its CEO. 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 completed his BS at UC Berkeley in Industrial Engineering and Operations Research. Current positions of Tony Xu. [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. Tony Xu is focused on DoorDash's long-term vision. Then you can join our Facebook Group named Influencers Meet Brands. In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. DoorDash Inc. is an American on-demand prepared food delivery service. His answer revealed the personal philosophy that drives his success. The estimated net worth of Tony Xu is at least $4.37 million as of September 14th, 2021. [2] Learn More about insider trades at DoorDash. He describes himself as an avid basketball fan and attributes his ability to learn English to the game and the media. $.post('https://www.wikifamouspeople.com/wp-admin/admin-ajax.php', {action: 'mts_view_count', id: '533655'}); [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. In 2013, Xu helped found DoorDash with Stanford classmates Andy Fang, Evan Moore and Stanley Tang. Born in Nanjing, China, Xu came to America with his parents and grew up working in a restaurant alongside his mom. Tony Xu's . He was appointed board chair in November 2020. He continued from the University of California, Berkeley, and then concentrated on business at Stanford University Graduate School of Business. Let's connect! Tony received a Bachelor of Arts degree from Amherst College and a Master of Business Administration from MIT Sloan. In 2021, Tony Xu earned a modest annual compensation of around 300,000 USD. [1][10], Early in his career, Xu interned at the financial services and digital payments company Square, Inc. and completed business development work for the e-commerce app RedLaser. DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. 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. Xu was born in the Chinese city of Nanjing on May 5, 1985. 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. Julie Cao, his mothers name, was a doctor in China before moving to the United States of America, where she worked at a restaurant and shuffled many jobs to pay for her medical degree. Recurring Shark. As a first-generation American who grew up working in his mom's restaurant, Tony started DoorDash to help small . Tony Xu Biography. Fathers name is Not Available. DoorDash brings millions of meals from food banks to families via Project DASH, empowers underrepresented entrepreneurs through the Restaurant Accelerator and Accelerator for Local Goods, and provides work opportunities to millions of people, including Dashers. He hails from Nanjing, China. 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. The project presents another step towards the reality of digital clothing interoperability across the metaverse. Learn More on DoorDash's active insiders. 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. The strike occurred after DoorDash rewrote its code to cut off access to Para, a third-party app that drivers had been using to see the full tip amounts. Tony Xu is married and his wife is named Patti. We have no more information about his spouse. The oldest executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who is 54 years old. Dr. Tony Xu was a brilliant researcher who rose to prominence at the University of Hong Kong. In addition, he makes $300,297 as Co-Founder and CEO & Chair at DoorDash Inc. [77], In 2017, a class action lawsuit was filed against DoorDash for allegedly misclassifying delivery drivers in California and Massachusetts as independent contractors. 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. [35] By August 2022, the stock was trading at $82 per share. So, naturally enough, he decided to . [64] Under pressure, the company revised its policy. [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 holds a B.S. Mr. Xu is currently 38 years old. Tony Xu, also known as Xu Xun is an Entrepreneur. Chart Data in Insider Trading History Table. She later opened needle therapy and wellness centers in Champaign and the San Francisco Bay Area. 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