Johnson, Eric (January 9, 2019). [1][7] Initially, he and other DoorDash employees completed food deliveries. [36], In May 2021, DoorDash was criticized for unauthorized listings of restaurants who had not given permission to appear on the app. 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 . Xu has stated that the eating activities of his foreign guardians, especially his mothers, influenced the making of DoorDash. 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. Today, the company is also focusing efforts on an issue particularly important to Xu, using that same logistical expertise to reduce food waste with the recent launch of Project DASH. [74], On May 4, 2019, DoorDash confirmed 4.9 million customers, delivery workers and merchants had sensitive information stolen via a data breach. DoorDash is focused on being the restaurant industrys last-mile solution and has grown into a $700 million leader in the on-demand space. Tony Xu is focused on DoorDash's long-term vision. CEO of DoorDash. He was caught after one too many 'exploratory' trips into K&O servers, and spent time in a detention center as a result. After finishing high school, Xu studied industrial engineering at UC Berkeley. Tony Xus fortune is estimated to be in the $2 billion range. Tony Xu Owner at Tony Xu & Associates Inc. Diamond Bar, CA. 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. [45] In June 2022, the company expanded into the Wellington Region of New Zealand. Xu was born in the Chinese city of Nanjing on May 5, 1985. Fill out the form or send an email to tonyxujournalism@gmail.comtonyxujournalism@gmail.com The U.S. airline industry today consists of four huge carriers plus a host of lower-cost airlines. We started the company to really help small businesses, people like my mom, hes explained to vox.com. Tony Xu Biography. Current positions of Tony Xu. 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 . The Estimated Net worth is $80K USD $85k. [83], In terms of delivery, DoorDash has an algorithm that plans routes automatically and can choose a faster route. The Mandarin is just one of the . Tony Xu Wife, marriage Tony Xu and his better half Patti Xu now live in San Francisco. The estimated net worth of Tony Xu is at least $4.37 million as of September 14th, 2021. Tony Xu's Phone Number and Email Last Update. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. 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. [39], In late November 2022, DoorDash announced plans to layoff 1,250 corporate employees, or about six percent of their workforce. [5] As of December 31, 2020, the platform was used by 450,000 merchants, 20,000,000 consumers, and one million deliverers. 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. Xu met his co-founders at Stanford. Learn More on DoorDash's active insiders. 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. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. After graduating, he spent several years working in tech with the likes of McKinsey and eBay. His mother, Julie Cao, was[6] previously a doctor in China. DoorDash, which employs about 350 people, is based in San Francisco. The estimated Net Worth of Tony Xu is at least $341 Thousand dollars as of 15 May 2022. Xu has said his immigrant parents, and especially his mother's restaurant work, helped inspire DoorDash. Learn More on Tony Xu's contact information. Tony is followed by two additional co-founders. In 2012, this meeting was the predecessor of the transport organization PaloAltoDelivery.com. The company began addressing the challenges of delivery from restaurants and has since expanded focus to include grocery, retail, beauty, alcohol, pet food, flowers and convenience. [4] He and his wife Patti are signatories to the Giving Pledge. Back in 2018, Xu took part in a question/ answer session at Quora (https://www.quora.com/profile/Tony-Xu). Tony Xu. It would be the same household chore thats a bugbear for the rest of us. This article maps the current industry onto a traditional Monopoly board. Meta Platforms, Inc. in Industrial Engineering and Operations Research from the University of California, Berkeley and an M.B.A. from the Stanford Graduate School of Business. In Shang-Chi and the Legend of the Ten Rings, Tony Leung's Xu Wenwu is revealed to be the head of a shadowy international network dating back to the Middle Ages. As of 2020, it holds the largest market share in the USA. 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. In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. 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. Then you can join our Facebook Group named Influencers Meet Brands. Cofounders Andy Fang and Stanley Tang, who Xu met while they . DoorDash had its IPO in December 2020[2][3] making Xu's net worth an estimated $2.8 billion as of April 2021. DoorDash launched in Palo Alto and, as of May 2019, had expanded to more than 4,000 cities and offered a 340,000 selection of stores across the US and Canada. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. 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 returned to the governing body of Meta Platforms in January 2022. Actor: In the Mood for Love. [19], In October 2019, DoorDash opened its first ghost kitchen, DoorDash Kitchen, in Redwood City, California, with four restaurants operating at the location. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. 2023 Forbes Media LLC. [9], In 2018, DoorDash launched Project DASH, a partnership with local food security organizations to deliver donations to those in need. [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. Insiders at DoorDash own 12.1% of the company. He was appointed board chair in November 2020. Dr. Tony Xu was a brilliant researcher who rose to prominence at the University of Hong Kong. View Tony Xu's profile on LinkedIn, the world's largest professional community. They sold a total of 800,309 shares worth more than $63,347,607.21. [9] He has described himself as an "avid" basketball fan,[27][28] and has credited the sport and television for helping him learn English.[10][29]. 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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 was born on May 5, 1985, and as of 2022, he will be 37 years old. In 2013, he married his better half, Patti Xu, in the chapel. He earned degrees from the University of California, Berkeley and Stanford University 's Graduate School . For most establishments, the costs of delivering food from their door to the customers made it unviable. The platform was built exclusively for electrical contractors after Rioumine and her former, Read More 10 Things You Didnt Know About Maria RioumineContinue, Investment decisions have become challenging in the current world with the recent market events, which are becoming unpredictable. Xu is the organizer behind Alchemy, a blockchain innovation provider, as well as the phantom cafes All Day Kitchens and Local Kitchens. Tony Xu is a remarkable finance manager who has made extraordinary strides in his profession. Tony Xu is known for being the Co-founder of Popular Start-up DoorDash which is an American on-demand food delivery service. Truth be told, I find it hard to blame them. As of 2023, the estimated net worth of Tony Xu ranges between 1.5-2.5 billion USD. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California. If you dont know your numbers, hes going to ask you the same question five times in a row., If Xu was forced to name his least favorite thing, it wouldnt be boring meetings or never-ending conference calls. 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. [38], In August 2022, DoorDash announced it would end its partnership with Walmart in September, ending the companies' cooperation agreement from 2018. Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. 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. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. But we are sure that it is not available and his spouses name is not available. Tony Xu, MBA '13, is the cofounder and CEO of DoorDash. He has voting rights over all Class B resources, giving Xu 69% democratic command over DoorDash as of December 2020. Fittingly, Tony Xu, now 35, would end up being "the boss" himself. He most recently served as a task director for McKinsey and Company and as a systems execution expert for applications such as eBay and PayPal. [80] As of September 2021, Project DASH operated in more than 900 cities and had delivered more than 15 million meals. We learned a couple of interesting observations, he said. This week, food delivery giant DoorDash went public, seeing its share price skyrocket to $189 within days. DoorDash's initial public offering in 2020, which Xu has been credited for leading,[12] made him a billionaire at the age of 36. Xu has served as CEO of DoorDash since 2013 and was appointed the . His height is 1.69 m, and he weighs 72 kg. Xu Xun, also known as Tony Xu, is a Chinese-American business magnate who helped found and serve as chairman of the food transportation organization DoorDash. [10][70][71][72][73] Although several preliminary documents in the case have now been filed, a trial date has not yet been set. jQuery(document).ready(function($) { Pulling on a pair of sneakers and hitting the pavements. About Tony Xu. Fighting for the underdog is part of who I am and what we stand for as a company. 11/20/2022 11:00 AM. Why? He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. His answer revealed the personal philosophy that drives his success. DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. Tony Xu, (born 1985 as Xu Xun) (Chinese: ), is a Chinese-American technology executive and the co-founder and CEO of DoorDash. He depicts himself as an avid ball fan and lets his ability to teach English to the game and the media. DoorDash co-founder and CEO Tony Xu has joined Meta's board of directors, the Facebook parent company announced on Tuesday. 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. Ruthless doesnt mean demeaning people or disrespecting them, says Andrew Munday, one of DoorDashs first full-time employees. Xu was born in Nanjing, situated in China. Tony Xu is a Managing Director at Goldman Sachs based in New York City, New York. So, whats his favorite way to clear his mind? [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. Born in Nanjing, China, Xu moved with his family to America at the age of five. She later opened needle therapy and wellness centers in Champaign and the San Francisco Bay Area. Download it now on Amazon. A year later, he decided hed had enough of trying to teach his classmates and teachers how to pronounce his name. 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 is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. [6], DoorDash has been criticized and sued for withholding tips, reducing tip transparency, antitrust price manipulation, listing restaurants without permission, and allegedly misclassifying workers. This page has information about Tony Xu, who As the CEO of DoorDash, Inc., Mr. Xu earned a total compensation package of $300,297.00 in 2021. Information on this page was last updated on 2/23/2023. Tony, 36, became a billionaire as a result of the profitable public sale, and he now owns over 5% of the firm, according to CNBC. Starting with restaurants, DoorDash is building the infrastructure and logistics platform to allow any local merchant to deliver. The oldest executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who is 54 years old. 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. October 26th, 2022, 2:06 PM PDT. 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]. Now, his relationship is perfect. We connect brands with social media talent to create quality sponsored content. 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. DoorDash CEO Tony Xu and co-founders Andy Fang and Stanley Tang have joined the billionaires club. His ethnicity is Asian. 4. He hails from Nanjing, China. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. Spoken Languages. "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? [13][15], In December 2018, DoorDash overtook Uber Eats to hold the second position in total US food delivery sales, behind GrubHub. [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. Tony Xu. 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. But he hasnt done it with a traditional method. 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. "Full Q&A: DoorDash CEO Tony Xu and COO Christopher Payne on Recode Decode". "In the Elevator With DoorDash CEO Tony Xu". [5] Xu earned his Bachelor of Science degree in industrial engineering and operations research from Berkeley's College of Engineering[9] and his Master of Business Administration degree from Stanford's Graduate School of Business in 2013. Born in China, Tony came to America with his parents and grew up working in his mom's restaurant. Xu has crammed a lot into an incredibly short space of time. She later opened acupuncture and medical clinics in Champaign and the San Francisco Bay Area. The shares were sold at an average price of $141.90, for a transaction totalling $11,352,000.00. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. [2] I run in the mornings two or three times during the week, and both days on the weekend, he tells sequoiacap.com. 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. Spotting a gap in the market, Xu and his fellow Stanford classmates, Stanley Tang, Andy Fang, and Evan Moore, set out to fill it. CEO Tony Xu told employees that 1,250 corporate workers would be let go as part of a broader cost-cutting initiative. 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. Tony Xu's . Career. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. [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 previously worked as a project manager for McKinsey & Company as well as a strategy implementation analyst for apps such as eBay and PayPal. [28] That month, DoorDash became the fastest growing food delivery service. 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. The One Ticker Retirement Plan Over the Shoulder Demo Now Available, Market Wizard Larry Benedict crushed the market in 2022. 2 /5. 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 partnership with the NUL includes $12 million in funding to assist drivers of color in building job skills and financial literacy. He eventually settled on Tony after actor Tony Danza, who at the time was starring in Xus favorite TV show, Whos the Boss?. The ex-Manchester United, Leeds and West Ham star also says fans have more power than they think, and if clubs are brave, they can harness this power for good. He came with his parents from Nanjing, China, in 1989, when he was five, with only $300 in their pockets, but unlimited . [5] Xu continues to be CEO, and owns an approximately five percent stake in the company. DoorDash CEO Tony Xu says drivers don't want to give up the flexibility afforded by their independent-contractor status. He is Chinese by Nationality. Learn how your comment data is processed. On December 9, 2020, the company became a public company via an initial public offering, raising $3.37 billion. Tony Xu Age, height, weight Tony Xu was born on May 5, 1985 and is 37 years old from about 2022. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer of DoorDash. However, Forbes has estimated his net worth to be approximately $1.9 billion. Tony received a Bachelor of Arts degree from Amherst College and a Master of Business Administration from MIT Sloan. Cofounders Andy Fang and Stanley Tang, who Xu met while they were all studying at Stanford, own about 4% each. DoorDashs IPO in 2020 has expanded Tonys total net worth to this level. Xu keeps his position as CEO and claims about 5% of the organization. Also, we have no information about his son and daughter. So, naturally enough, he decided to change it. 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. Xu Xialing - Daughter. 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. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. 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. 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. Notify me of follow-up comments by email. DoorDash CEO Tony Xu speaks with Emily Chang in the latest episode of Bloomberg's Studio 1.0 (Source: Bloomberg) In 2013, he co-founded DoorDash, the on-demand food delivery company that on Wednesday announced it had filed for an IPO . Jackson Norriss told Trevor Slattery that the real Mandarin wasn't happy that he appropriated his name and Slattery was to be taken to him to face his punishment. What are the age, height, and weight of Tony Xu? The company also said it had changed the default drop-off option to contactless delivery. 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. Prior to the move, Xus mother had practiced medicine. 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