[11][12][13], In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. [25] He and his wife Patti met at church while they were undergraduates at Berkeley and married in 2013; the couple have two children. 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. Title. Born prematurely in Nanjing, China, his parents decided to name him "Xun . . So, whats his favorite way to clear his mind? He is Chinese by Nationality. founded by Stanford students Tony Xu, Stanley Tang, Andy Fang and Evan Moore. When DoorDash went public in early 2021, its valuation soared to US$32 billion. [17] By early 2019, DoorDash was the largest food delivery provider in the U.S., as measured by consumer spending. On 9th December 2020, his company launched IPO, which made him a billionaire at such an early age. If customers tip over a set amount for the order total, Doordash hides a portion of the tip until the delivery is complete. This week, food delivery giant DoorDash went public, seeing its share price skyrocket to $189 within days. His family moved to USA in 1980s and his mother also started a Chinese Restaurant. Ying Li - Wife; deceased. Tony Xu and his Husband, Patti Xu Xu, live in San Francisco. He and his younger sister were raised by their mother after his father left them. L-R: Stanley Tang, Tony Xu, and Andy Fang; Missing: Evan Moore. }); If you are a Model, Tiktoker, Instagram Influencer, Fashion Blogger, or any other Social Media Influencer, who is looking to get Amazing Collaborations. Also, we have no information about his son and daughter. Despite the pressure of running DoorDash, Xus priority is clearly his family. 9 months. Last week, Murdaugh took the witness stand to deny he was the one to pull the trigger. PALO ALTO, U.S. -- Tony Xu, co-founder and CEO of U.S. food delivery giant DoorDash, has always had a need for speed. Meta Platforms, Inc. DoorDash is focused on being the restaurant industrys last-mile solution and has grown into a $700 million leader in the on-demand space. [18] It maintained that market position in 2019. 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 . Tony Xu, MBA '13, is the cofounder and CEO of DoorDash. Then you can join our Facebook Group named Influencers Meet Brands. 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 has a date night with his wife every Friday, 10 Things You Didnt Know About Frederic Lalonde, 10 Things You Didnt Know About Maria Rioumine, 10 Things You Didnt Know about Anand Sambasivan, 10 Things You Didnt Know About Aamir Baig, 10 Things You Didnt Know about Gary Gysin, 10 Things You Didnt Know about Maezawa Yusaku, he later discussed with davidsnotes.substack.com, How Bebe Rexha Achieved a Net Worth of $10 Million, The 20 Worst Cities for Human Trafficking in the World, How Simu Liu Achieved a Net Worth of $4 Million, The 20 Best Chevy Muscle Cars of All-Time, How Lizzo Achieved a Net Worth of $40 Million. 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. "As a recently IPOed company, DoorDash has failed to provide a governance . To get the insight scoop, Xu decided to take a job as a delivery driver with Dominos Pizza. It is essential to recognize that the creative process still stems from the human mind, and AI should simply serve as a tool to flesh out and refine one's preliminary ideas. Xu was born in the Chinese city of Nanjing on May 5, 1985. As of 2020, it holds the largest market share in the USA. They have two children together. 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. 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. 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. Experience. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. [16] By March 2019, it had exceeded GrubHub in total sales, at 27.6% of the on-demand delivery market. His motto is to have fun and no regrets, 8. Xu was born in China but moved to the US with his family when he was 4. [19], Xu has invested in the blockchain technology provider Alchemy,[20] as well as the ghost kitchens All Day Kitchens and Local Kitchens. 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. He has done a lot of things and held numerous positions in a, Read More 10 Things You Didnt Know about Gary GysinContinue, Maezawa Yusaku is a Japanese businessman. 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. This page has information about Tony Xu, who 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. For most establishments, the costs of delivering food from their door to the customers made it unviable. DoorDash can also be reached via phone at 650-487-3970 and via email at [emailprotected] Learn More on Tony Xu's contact information. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. The experience proved invaluable, as he later discussed with davidsnotes.substack.com. Tony Xu Tony Xu is the co-founder and CEO of DoorDash. Jan. 12, 2018 11 AM PT. Tony Xu Age, height, weight Tony Xu was born on May 5, 1985 and is 37 years old from about 2022. Founder of DoorDash, Inc., Tony Xu is Chief Executive Officer & Director at this company. He holds a B.S. Learn More on DoorDash's active insiders. My motto when making any decisionin work or lifeis to have the most fun and least regrets, he shared. Terrible insurance policies often prevent innovative new ideas from penetrating the food and beverage industry. Tony worked in Product at Square, led special projects for the CEO and CFO at eBay, and began his career at McKinsey and Company. 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Julie Cao, his mother's 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 . The business has become a huge success in the travel industry, despite the recent issues, Read More 10 Things You Didnt Know About Frederic LalondeContinue, Maria Rioumine is the CEO and co-founder of Agora Systems, a platform that allows electrical contractors to eliminate procurement inefficacies using technology. January 11, 2022. Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. DoorDash CEO Tony Xu and co-founders Andy Fang and Stanley Tang have joined the billionaires club. [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. Fathers name is Not Available. DoorDash grew out of their conversations with merchants, asking what hurdles they faced in growing their own businesses. 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. January 31, 2021. Why? It went public in December 2020 on NYSE and trades under the symbol DASH. [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. In 2013, he co-founded DoorDash, the on-demand food delivery company that on Wednesday announced it had filed for an IPO . CtW Investment Group has written a letter to DoorDash shareholders asking them to reject the reelection of Tony Xu to the DoorDash board of directors.. Xu is the co-founder, chairman and CEO of DoorDash and the only board member up for reelection during the company's upcoming shareholder meeting, set for June 22. [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. This site uses Akismet to reduce spam. [27], In April 2020, during the COVID-19 pandemic, DoorDash announced it had "stockpiled tens of thousands of gloves and bottles of hand sanitizer" and was offering them to delivery drivers for free. [13][14], In 2020, Xu was included in Fortune's "40 Under 40" list. He is around 35 years old [Not Confirmed] as of 2020. His height is 1.69 m and he weighs 72 kg. His real name is Xu Xun. Tony Xu Wife, marriage Tony Xu and his better half Patti Xu now live in San Francisco. Contact. He hails from Nanjing, China. In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. Xu enjoys running and has previously competed in marathons. In the summer of 2013, it received $120,000 in seed money from Y . Find out more as we take you through ten things you didn't know about Tony Xu. Moderate. His ethnicity is Asian. My least favorite thing to do is the laundry, he tells lifehacker.com. This article maps the current industry onto a traditional Monopoly board. And it was fortunate he did while studying at the university, he met and made friends with Andy Fang, Stanley Tang and Evan Moore. Recurring Shark. [70][71][72][73] The lawsuit seeks treble damages, including for overcharges, since April 14, 2016 for dine-in and delivery customers in the United States at restaurants using the defendants delivery apps. Chinese and pizza restaurants could build it into their business models, but that was about the extent of it. 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. The shares were sold at an average price of $141.90, for a transaction totalling $11,352,000.00. [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. Spotting a gap in the market, Xu and his fellow Stanford classmates, Stanley Tang, Andy Fang, and Evan Moore, set out to fill it. [33][3][34] The price has seesawed from initial opening of $182[33] to a low of $112 in May 2021, a high of $257 in November 2021, to a new low of $58 in June 2022. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. He stands 1.69 m tall and weighs 72 kg. Initially, Tony along with his classmates started with an Idea of food-delivery app which will help small business owners. [64] Under pressure, the company revised its policy. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. Actor: In the Mood for Love. [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. He joined Invisible to gain personal protection while continuing his research. The U.S. airline industry today consists of four huge carriers plus a host of lower-cost airlines. But it's too early to write off Klarna. DoorDash's fourth co-founder, however, is largely overlooked. Back in 2018, Xu took part in a question/ answer session at Quora (https://www.quora.com/profile/Tony-Xu). He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. Its her story that provided the inspiration for Xus decision to launch DoorDash. "Full Q&A: DoorDash CEO Tony Xu and COO Christopher Payne on Recode Decode". Tony Xu's Height, Weight & Body Measurement. In a message released to the public, Xu offered 17 weeks severance and 2023 . But are these incentives worth packing a moving van? Email. The guest shark Tony Xu is a Chinese-American billionaire and a businessman, who was born in 1983. Tony Xu at Bloomberg News "DoorDash: Tony Xu". According to a filing made public Monday, DoorDash plans to list 33 million shares, at a price range between $75 to $85 per share. Easy. Save my name, email, and website in this browser for the next time I comment. Tony Xu is CEO/Co-Founder at DoorDash Inc. See Tony Xu's compensation, career history, education, & memberships. In the last year, DoorDash insiders bought shares 2 times. Xu was born in the Chinese city of Nanjing on May 5, 1985. On this Wikipedia the language links are at the top of the page across from the article title. 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? [2] 0. Wenwu is the leader of the Ten Rings and father of Shang-Chi and Xialing. More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro. This was to rein in expenses. He earned degrees from the University of California, Berkeley and Stanford University 's Graduate School . (1 Vote) Very easy. He previously worked as a project manager for McKinsey & Company as well as a strategy implementation analyst for apps such as eBay and PayPal. Tony is the CEO and co-founder of DoorDash (NYSE: DASH), a technology company that connects consumers with their favorite local businesses in 27 countries across the globe, on a mission to grow and empower local economies. Earlier in his career, Xu interned at Square, Inc., and worked for . 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. DoorDash CEO, Tony Xu, considers recruiting to be one of his "superpowers." Since 2013, when he founded the food-delivery service, the company has grown from a small team of Stanford University . 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They are in relation from previous few years of a strong relationship. Do Not Sell or Share My Personal Information. [76][8], In August 2021, the city of Chicago sued DoorDash and GrubHub. [28] That month, DoorDash became the fastest growing food delivery service. 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 . Meta Platforms, Facebook's freshly-minted parent company, named DoorDash co-founder and Chief Executive Officer Tony Xu to its board of directors on Tuesday. 4. 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. Also, we have no idea about his brother and sister, and we dont know their names either. DoorDashs IPO in 2020 has expanded Tonys total net worth to this level. 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