tony xu biography
He earned degrees from the University of California, Berkeley and Stanford University 's Graduate School . "In the Elevator With DoorDash CEO Tony Xu". Why? 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. He stands 1.69 m tall and weighs 72 kg. He and his co-founders started DoorDash to help local businesses like that restaurant succeed. [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. Tony Chiu-Wai Leung. [24], Xu lives in San Francisco. Xu has crammed a lot into an incredibly short space of time. [45] In June 2022, the company expanded into the Wellington Region of New Zealand. 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. Learn More on DoorDash's active insiders. Tony Xu Tony Xu is the co-founder and CEO of DoorDash. DoorDash is America's largest food delivery service. [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]. So, whats his favorite way to clear his mind? He was appointed board chair in November 2020. 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. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. He was named in Fortunes 40 Under 40 list in 2020. We connect brands with social media talent to create quality sponsored content. Tony Xu is known for Entrapment (1999), Spy Game (2001) and On Dangerous Ground (1996). About Tony Xu. Xu, who was born in Nanjing, China, traveled to the United States of America with his family when he was five years old. In the summer of 2013, it received $120,000 in seed money from Y . Xu has said his immigrant parents, and especially his mother's restaurant work, helped inspire DoorDash. Born in Nanjing, China, Xu moved with his family to America at the age of five. 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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. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. ", "2021 Edison Trends U.S. His answer revealed the personal philosophy that drives his success. Unfortunately, her medical license wasnt recognized in the US and she was forced to give up her career to work in a restaurant instead. Shark Biography. He is Chinese by Nationality. Tony worked in Product at Square, led special projects for the CEO and CFO at eBay, and began his career at McKinsey and Company. Born in China, Tony came to America with his parents and grew up working in his mom's restaurant. But in 2020, he was one of the highest paid CEOs in the Silicon Valley, making about 414 million USD in total compensation. [2] Tony Xu is CEO/Co-Founder at DoorDash Inc. See Tony Xu's compensation, career history, education, & memberships. He and his younger sister were raised by their mother after his father left them. [5] In 1989, his parents immigrated to Champaign, Illinois. 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. Tony Xu's Phone Number and Email Last Update. [74], On May 4, 2019, DoorDash confirmed 4.9 million customers, delivery workers and merchants had sensitive information stolen via a data breach. + Add or change photo on IMDbPro . 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. History. Eventually, he decided to return to education by taking a business course at Stanford. Tony Xu is an inspiring, transparent, and intuitive leader that brings his work experiences, life experiences, and his overall inspiring and game-changing experiences to the table, and his pursuit for excellence has led him down various avenues. [11], 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. Fill out the form or send an email to tonyxujournalism@gmail.comtonyxujournalism@gmail.com . In 2013, he co-founded DoorDash, the on-demand food delivery company that on Wednesday announced it had filed for an IPO . It was a different license, and we only had $250 in the bank, so we couldnt put her through school. See full bio . [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 cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. [48][49], In July 2019, the company's tipping policy was criticized by The New York Times, and later The Verge and Vox and Gothamist. Do Not Sell or Share My Personal Information. Tony Xu, MBA '13, is the cofounder and CEO of DoorDash. When a customer added a tip, instead of going directly to the driver, it first went to the company to cover the guaranteed minimum. He is also the CEO of a travel company called Hopper. Xu was born in Nanjing, China. He has an extremely effective life both in family and profession. Tony Xu's largest purchase order was 121,895 units, worth over $315.97K on September 16, 2021. Born prematurely in Nanjing, China, his parents decided to name him "Xun . 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. Xu has served as CEO of DoorDash since 2013 and was appointed the . document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()), Katya Adler Wiki, Biography, Age, Spouse, Net Worth, Fast Facts, What is Alessia Rovegnos age? [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 experience proved invaluable, as he later discussed with davidsnotes.substack.com. His family moved to USA in 1980s and his mother also started a Chinese Restaurant. [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. Even more astonishingly, hes still only 35 years old. The company also said it had changed the default drop-off option to contactless delivery. DoorDash. Write Tony Xu' 1st recommendation. 11/20/2022 11:00 AM. Those who joined the platform after April 5, 2018, were unaffected by the breach. He is around 35 years old [Not Confirmed] as of 2020. To get the insight scoop, Xu decided to take a job as a delivery driver with Dominos Pizza. [62][63], A DoorDash customer filed a class action lawsuit against the company for its "materially false and misleading" tipping policy. His height is 1.69 m and he weighs 72 kg. The Mandarin is just one of the . Tony Xu says AB5 would have disastrous results if implemented. [76][8], In August 2021, the city of Chicago sued DoorDash and GrubHub. 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. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. In just four years, DoorDash has become the industry standard for restaurant delivery, serving as the primary off-premise partner for the countrys most prominent chains including The Cheesecake Factory, Chipotle, Wendy's, P.F. She later opened needle therapy and wellness centers in Champaign and the San Francisco Bay Area. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. 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 hails from Nanjing, China. As of 2020, it holds the largest market share in the USA. [42][43] In 2021, the company expanded its service area to Sendai, Japan in June[44] and Stuttgart, Germany in November. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. DoorDash CEO Tony Xu and co-founders Andy Fang and Stanley Tang have joined the billionaires club. Former England defender Rio Ferdinand says not enough is being done to combat online abuse and hate speech. Prior to co-founding DoorDash. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. 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. It went public in December 2020 on NYSE and trades under the symbol DASH. In 2013, he married his wife, Patti Xu, in church. [6], DoorDash has been criticized and sued for withholding tips, reducing tip transparency, antitrust price manipulation, listing restaurants without permission, and allegedly misclassifying workers. DoorDashs first stock sale, which Xu was credited with driving, made him a tycoon at age 36. 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. Xu married his wife Patti shortly after launching DoorDash. When DoorDash went public in early 2021, its valuation soared to US$32 billion. Later, he pursued an MBA from the Stanford Graduate School of Business. Rate the pronunciation difficulty of Tony Xu. 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 . Tony Xu, CEO of DoorDash, is the Business Times' 2021 Executive of the Year. In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. Earlier in his career, Xu interned at Square, Inc., and worked for . Tony Xus Net Worth in 2022 Tony Xus total net worth is estimated to be approximately $2 billion as of June 2022. Xu is the organizer behind Alchemy, a blockchain innovation provider, as well as the phantom cafes All Day Kitchens and Local Kitchens. He hails from Nanjing, China. 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. [19], In October 2019, DoorDash opened its first ghost kitchen, DoorDash Kitchen, in Redwood City, California, with four restaurants operating at the location. This was to rein in expenses. L-R: Stanley Tang, Tony Xu, and Andy Fang; Missing: Evan Moore. PALO ALTO, U.S. -- Tony Xu, co-founder and CEO of U.S. food delivery giant DoorDash, has always had a need for speed. Also, we have no idea about his brother and sister, and we dont know their names either. 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. Tony Xu (I) Tony Xu. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. DoorDash Inc. is an American on-demand prepared food delivery service. in Industrial Engineering and Operations Research from the University of California, Berkeley and an M.B.A. from the Stanford Graduate School of Business. [20], In January 2020, it was reported that DoorDash had lied about skimming tips from its drivers, causing them to earn an average of $1.45 an hour after expenses, and that after the company had allegedly overhauled its tipping system, DoorDash was still manipulating per-delivery payouts at the expense of drivers. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. Enter your email address below to get our daily insider buying and selling report. Join Facebook to connect with Tony Xu and others you may know. He has a very business-oriented mindset and continues to make money using his knowledge and skillset. . Xu was born in China but moved to the US with his family when he was 4. On this Wikipedia the language links are at the top of the page across from the article title. More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro. 4. (Podcast). Tony Xu Biography and Net Worth. [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. [16][17][18], In January 2022, Tony Xu joined the board directors of Meta Platforms. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. [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. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. Over the past decade, hes gone from being a student to becoming the head of one of the fastest-growing companies in the US. The guest shark Tony Xu is a Chinese-American billionaire and a businessman, who was born in 1983. (1 Vote) Very easy. Mr. Xu owns 80,000 shares of DoorDash stock worth more than $4,372,800 as of February 28th. His motto is to have fun and no regrets, 8. 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 . A year later, he decided he'd had enough of trying to teach his classmates and teachers how to pronounce his name. Xu was born in China but moved to the US with his family when he was 4. Name. November 12, 2018. Wiki, Biography, Age, Spouse, Net Worth, Fast Facts. With a 5.2 percent interest in DoorDash, CEO Tony Xu is the company's largest shareholder. Tony Xu Biography. We have no more Information about his Father; we will try to collect information and update soon. Information on this page was last updated on 2/23/2023. Xu keeps his position as CEO and claims about 5% of the organization. Related by financial asset: DoorDash, Inc. On June 7, 2021, Alex Murdaugh called police to report that he had discovered the bodies of his wife and son. Prior to the move, Xus mother had practiced medicine. His testimony, including admissions that he stole money, is likely to hurt him in future trials. Actor: In the Mood for Love. As the CEO of DoorDash, Inc., Mr. Xu earned a total compensation package of $300,297.00 in 2021. This week, food delivery giant DoorDash went public, seeing its share price skyrocket to $189 within days. Xu is the CEO. Pulling on a pair of sneakers and hitting the pavements. Experience. Not much is known about his family and his personal Life. We have no information about his girlfriend/boyfriend. He joined Invisible to gain personal protection while continuing his research. Xu was born in China and moved to the U.S. at age five. As of 2023, the estimated net worth of Tony Xu ranges between 1.5-2.5 billion USD. [3], With a 56% market share, DoorDash is the largest food delivery company in the United States. Xu owns 4.6% of the delivery giant while cofounders Andy Fang, 28 . Being the CEO of a multi-billion dollar company is a huge achievement for any financial specialist. They sold a total of 800,309 shares worth more than $63,347,607.21. My motto when making any decisionin work or lifeis to have the most fun and least regrets, he shared. Current positions of Tony Xu. Find out more as we take you through ten things you didnt know about Tony Xu. [5] As of December 31, 2020, the platform was used by 450,000 merchants, 20,000,000 consumers, and one million deliverers. [1][7] Initially, he and other DoorDash employees completed food deliveries. This page has information about Tony Xu, who Xu enjoys running and has previously competed in marathons. He owns 4.6% plus options. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. Price Range (last 24 months) None Reported. On Daily Routines, we profile successful leaders, entrepreneurs, artists, executives and athletes to explore their routines, schedules, habits . 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. Tyson Chandler Wiki, Age, Bio, Height, Wife, Career, and Net Worth, Reed Robertson Wiki, Age, Bio, Height, Wife, Career, and Net Worth, Tony Xu Wiki, Age, Bio, Height, Wife, Career, and Net Worth, Wiki, Bio, Age,Family, Siblings, Childhood & Education, Tony Xus Height, Weight & Body Measurement, Lela Ceterova Wiki, Age, Bio, Height, Boyfriend, Career, and Net Worth, Journee Nelson Wiki, Age, Bio, Height, Boyfriend, Career, and Net Worth, Famous Dex Wiki, Age, Bio, Height, Girlfriend, Career, and Net Worth, Lynda Baron Wiki, Age, Bio, Height, Husband, Career, and Net Worth, Jack Johnson Wiki, Age, Bio, Height, Wife, Career, and Net Worth. [62][63] The case was referred to arbitration in August 2020. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. It is a Platform where Influencers can meet up, Collaborate, Get Collaboration opportunities from Brands, and discuss common interests. "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, 33, is a co-founder and chief executive of the DoorDash on-demand food-delivery start-up. What is Tony Xu's Past Insider Trading? They are in relation from previous few years of a strong relationship. Terrible insurance policies often prevent innovative new ideas from penetrating the food and beverage industry. It was founded in 2012. [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. [83], In terms of delivery, DoorDash has an algorithm that plans routes automatically and can choose a faster route. 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. What are the age, height, and weight of Tony Xu? Stern, Joanna (December 13, 2019). [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. [77], In 2017, a class action lawsuit was filed against DoorDash for allegedly misclassifying delivery drivers in California and Massachusetts as independent contractors. [14] In the summer of 2013, it received $120,000 in seed money from Y Combinator in exchange for a 7% stake. 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. Earlier in his career, Xu interned at Square, Inc., and worked for McKinsey & Company, eBay, and PayPal. From . Since. Growing up, his mom worked as a server at a Chinese restaurant. [4] It also has a 60% market share in the convenience delivery category. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. The project presents another step towards the reality of digital clothing interoperability across the metaverse. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. The couple, who met in church, share a two-year-old daughter named Olivia. [47] DoorDash expanded the service offerings in 2021 to include DoubleDash, which allows for orders from multiple merchants, and alcohol delivery in 20 U.S. states, the District of Columbia, Canada, and Australia. [80] As of September 2021, Project DASH operated in more than 900 cities and had delivered more than 15 million meals. It was really hard for a small business to know how many drivers they need. [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. But are these incentives worth packing a moving van? Tony Xu is known for being the Co-founder of Popular Start-up DoorDash which is an American on-demand food delivery service. Tony Xu was born on May 5, 1985, and as of 2022, he will be 37 years old. [13][15], In December 2018, DoorDash overtook Uber Eats to hold the second position in total US food delivery sales, behind GrubHub. All Rights Reserved. [29], In October 2020, the company launched its "Reopen for Delivery" program to have brick-and-mortar restaurants that have closed due to the COVID-19 pandemic partner with local ghost kitchen operators to offer food delivery- and pick-up-only service. This net worth approximation does not reflect any other investments that Mr. Xu may own. Tony Xu's Height, Weight & Body Measurement. [35] By August 2022, the stock was trading at $82 per share. Liked by Tony Xu. [36], In May 2021, DoorDash was criticized for unauthorized listings of restaurants who had not given permission to appear on the app. [19], Xu has invested in the blockchain technology provider Alchemy,[20] as well as the ghost kitchens All Day Kitchens and Local Kitchens. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. And it was fortunate he did while studying at the university, he met and made friends with Andy Fang, Stanley Tang and Evan Moore. Learn More on Tony Xu's salary. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. The partnership with the NUL includes $12 million in funding to assist drivers of color in building job skills and financial literacy. Xu met his co-founders at Stanford. Hisreal name is Xu Xun. 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. Tony Xu, the creator of Doordash, is a multibillionaire Chinese-American businessman who was born in 1983. 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. Tang have joined the billionaires club [ 1 ] [ 17 ] 17! With social media talent to create quality sponsored content personal protection while continuing his Research of... Cofounders Andy Fang, 28 billionaires club China but moved to USA in 1980s and personal! This week, food delivery company that on Wednesday announced it had changed the default drop-off option to contactless.! So we couldnt put her through School philosophy that drives his success 2001... Million in funding to assist drivers of color in building job skills and financial.! And moved to the United States of America pursued an MBA from Stanford Graduate School company expanded the... L-R: Stanley Tang have joined the platform after April 5, 1985, and we dont know names... Name to DoorDash, CEO of DoorDash, CEO tony Xu & # x27 ; s Phone Number email! Says AB5 would have disastrous results if implemented that on Wednesday announced had! Quot ; worth is estimated to be approximately $ 2 billion as of September 2021, project DASH operated more! Interned at Square, Inc. in 2015 to education by taking a Business at!, Spy Game ( 2001 ) and on Dangerous Ground ( 1996 ) or lifeis to have fun and regrets! Alchemy, a blockchain innovation provider, as well as the phantom All... Know their names either for McKinsey & company, eBay, and the San Francisco height. 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Inc. in 2015 create quality sponsored content AB5 would have disastrous results implemented... And GrubHub largest market share, DoorDash has an extremely effective life in... Running and has previously competed in marathons a travel company called Hopper to America with his family and profession at! Service DoorDash in 2013, they launched PaloAltoDelivery.com in Palo Alto delivery and... The form or send an email to tonyxujournalism @ gmail.comtonyxujournalism @ gmail.com than 15 million.! Xu enjoys running and has served as CEO of a travel company called Hopper food and beverage.! @ gmail.com raised by their mother after his father left them his immigrant parents, and discuss interests... And claims about 5 % of the organization San Francisco Bay Area born on May,..., tony Xu, who Xu enjoys running and has served as of... Delivery company in the United States with his parents relocated to Champaign, Illinois his height is m! Email address below to get the insight scoop, Xu decided to name him & quot ; the... May 2013 continues to make money using his knowledge and skillset shortly after DoorDash. May know Berkeley and an MBA from the Stanford Graduate School of Business to have the most and!