Moderate. Tony Xu, the creator of Doordash, is a multibillionaire Chinese-American businessman who was born in 1983. On December 9, 2020, the company became a public company via an initial public offering, raising $3.37 billion. The estimated Net Worth of Tony Xu is at least $341 Thousand dollars as of 15 May 2022. 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. Matthew Lorber (Entrepreneur) Wiki, Biography, Age, Girlfriend, Family, Facts, and Many More. Too much a liability for any self-respecting University, Xu was unemployable upon release. As a first-generation American who grew up working in his mom's restaurant, Tony started DoorDash to help small . January 11, 2022. They couldnt deal with special events like a football game or Valentines Day.. Meta Platforms, Inc. 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. Learn More on Tony Xu's age. The One Ticker Retirement Plan Over the Shoulder Demo Now Available, Market Wizard Larry Benedict crushed the market in 2022. 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. 2 /5. 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. Tony Xu is focused on DoorDash's long-term vision. [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. PALO ALTO, U.S. -- Tony Xu, co-founder and CEO of U.S. food delivery giant DoorDash, has always had a need for speed. 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 . Actor. . It is currently telecast on Singapore's free-to-air channel, MediaCorp Channel 8.It made its debut on 6 November 2012 and consists of 34 episodes, screened on every weekday night . Tony Xu Biography. This page has information about Tony Xu, who He describes himself as an avid basketball fan and attributes his ability to learn English to the game and the media. Exp Realty. [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. [5] In 1989, his parents immigrated to Champaign, Illinois. He and his co-founders started DoorDash to help local businesses like that restaurant succeed. Recode. Hes been named to Fortunes 40 under 40, 7. Xu has crammed a lot into an incredibly short space of time. Most recently, Tony Xu sold 80,000 shares of the business's stock in a transaction on Tuesday, January 11th. The highest earning executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who commands a salary of $350,930.00 per year. He came with his parents from Nanjing, China, in 1989, when he was five, with only $300 in their pockets, but unlimited . Information on this page was last updated on 2/23/2023. 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. Born in Nanjing, China, Xu came to America with his parents and grew up working . So, we started the company wanting to help people like her., When the idea for Doordash was still in its infancy, Xu and his fellow founders were eager to learn as much about the food delivery business as possible. Tony Xu (I) Tony Xu. 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]. But he hasnt done it with a traditional method. He and his younger sister were raised by their mother after his father left them. DoorDash can also be reached via phone at 650-487-3970 and via email at [emailprotected] Learn More on Tony Xu's contact information. Xu married his wife Patti shortly after launching DoorDash. 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]. Drivers then only directly received the part of the tip that exceeded the guaranteed minimum per order. She later opened acupuncture and health centers in Champaign and the San Francisco Bay Area. The Wall Street Journal Tony Xu Owner at Tony Xu & Associates Inc. Diamond Bar, CA. Tony Chiu-Wai Leung. Facebook gives people the power to share and. Tony Xu's largest purchase order was 121,895 units, worth over $315.97K on September 16, 2021. [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. The guest shark Tony Xu is a Chinese-American billionaire and a businessman, who was born in 1983. Tony Xu and his Husband, Patti Xu Xu, live in San Francisco. There are 6 older executives and no younger executives at DoorDash. [46], The company expanded its service offerings in 2020, adding grocery delivery initially in California and the Midwest in August 2020. 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. Also, we have no idea about his brother and sister, and we dont know their names either. Price Range (last 24 months) None Reported. Tony Xu Net Worth - DoorDash CEO Salary. 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, which employs about 350 people, is based in San Francisco. Notify me of follow-up comments by email. The project presents another step towards the reality of digital clothing interoperability across the metaverse. Tony Xu. 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. Humbled and honored to have won the CTO of the year at the 2022 Digital Masters Awards. Xu was born in China but moved to the US with his family when he was 4. 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. Save my name, email, and website in this browser for the next time I comment. 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 . 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. Tony is followed by two additional co-founders. The result was DoorDash, a company thats grown from tiny beginnings into the USs leading third-party food delivery provider. His date of birth is 1985. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. It was founded in 2012. 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. The food delivery platform's initial public offering pushed Xu's net worth to approximately $3.1 . DoorDash co-founder and CEO Tony Xu has joined Meta's board of directors, the Facebook parent company announced on Tuesday. Hisreal name is Xu Xun. Download it now on Amazon. In 2021, Xu and his wife signed the Giving Pledge. DoorDash grew out of their conversations with merchants, asking what hurdles they faced in growing their own businesses. He started DoorDash to help small . According to a filing made public Monday, DoorDash plans to list 33 million shares, at a price range between $75 to $85 per share. [2] 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 Sales Manager- Shanghai PYTES Energy Co., Ltd. . [4] It also has a 60% market share in the convenience delivery category. [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. Tony Xu CEO and Co-founder at DoorDash Stanford, CA. In a message released to the public, Xu offered 17 weeks severance and 2023 . January 31, 2021. He joined Invisible to gain personal protection while continuing his research. His Girlfriend/boyfriends name is Not Available. We have no more Information about his Father; we will try to collect information and update soon. Contact. When a customer added a tip, instead of going directly to the driver, it first went to the company to cover the guaranteed minimum. Initially, he and other DoorDash employees were transporting food. Let's connect! Mr. Xu holds a B.S. Eventually, he decided to return to education by taking a business course at Stanford. His real name is Xu Xun. Xu is the organizer behind Alchemy, a blockchain innovation provider, as well as the phantom cafes All Day Kitchens and Local Kitchens. Later, he pursued an MBA from the Stanford Graduate School of Business. [5] As of December 31, 2020, the platform was used by 450,000 merchants, 20,000,000 consumers, and one million deliverers. Mr. Xu owns 80,000 shares of DoorDash stock worth more than $4,372,800 as of February 28th. Not much is known about his family and his personal Life. Growing up, his mom worked as a server at a Chinese restaurant. Without future ado, let's learn more about Tony Xu. CEO Tony Xu told employees that 1,250 corporate workers would be let go as part of a broader cost-cutting initiative. Why? [38] This aspect of DoorDash's business practice is illegal in California. 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. Mr. Xu is currently 38 years old. In 2012, this meeting was the predecessor of the transport organization PaloAltoDelivery.com. 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 . Its a company that focuses on direct to consumer delivery of modern furniture that is reasonably priced in original designs. The corporate mailing address for Mr. Xu and other DoorDash executives is , , . It helps me regulate my mind and body, which I think is why the habit stuck. [40], DoorDash began expanding into international markets in 2015, launching in Toronto, Canada. Over the past decade, hes gone from being a student to becoming the head of one of the fastest-growing companies in the US. "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? He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. Do Not Sell or Share My Personal Information. After working on corporate development for the RedLaser e-commerce software, Xu began his career as an intern at Square, Inc., a startup in banking, finance, and digital payments. "Our new Managing Directors represent the best of our firm's dedication to excellence, leadership and client service, and . They are in relation from previous few years of a strong relationship. 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. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. His date of birth is 1985. [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. We have no information about his girlfriend/boyfriend. Ruthless doesnt mean demeaning people or disrespecting them, says Andrew Munday, one of DoorDashs first full-time employees. DoorDash is America's largest food delivery service. Difficult. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. 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? (Podcast). He is around 35 years old [Not Confirmed] as of 2020. Stern, Joanna (December 13, 2019). He is also the CEO of a travel company called Hopper. founded by Stanford students Tony Xu, Stanley Tang, Andy Fang and Evan Moore. jQuery(document).ready(function($) { Now, his relationship is perfect. Tony Xu Biography and Net Worth. Learn More about insider trades at DoorDash. His exact net worth is unknown. He was appointed board chair in November 2020. Career. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. The oldest executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who is 54 years old. [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. [64] Under pressure, the company revised its policy. DoorDashs first stock sale, which Xu was credited with driving, made him a tycoon at age 36. Its less than 10 seconds watch it here. DoorDashs IPO in 2020 has expanded Tonys total net worth to this level. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. DoorDash had its IPO in December 2020[2][3] making Xu's net worth an estimated $2.8 billion as of April 2021. But later he immigrated to the United States with his parents when he was five years old. 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. This site uses Akismet to reduce spam. [19], In October 2019, DoorDash opened its first ghost kitchen, DoorDash Kitchen, in Redwood City, California, with four restaurants operating at the location. While many people who venture into the Disney Parks think of the service as a way to simply get their photo taken in front of the major park icons, theres a lot more to Disney PhotoPass than a click of the shutter button. The Mandarin is just one of the . Learn More on DoorDash's active insiders. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. Unfortunately, her medical license wasnt recognized in the US and she was forced to give up her career to work in a restaurant instead. Tony Xu is a Managing Director at Goldman Sachs based in New York City, New York. We have no more Information about his Father; we will try to collect information and update soon. As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. Born prematurely in Nanjing, China, his parents decided to name him "Xun . DoorDash CEO Tony Xu and co-founders Andy Fang and Stanley Tang have joined the billionaires club. It was really hard for a small business to know how many drivers they need. 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. Getting to where he is currently was not a walk in the park. CEO of DoorDash. Tony Xu: Daily Routine. Wenwu is the leader of the Ten Rings and father of Shang-Chi and Xialing. Current positions of Tony Xu. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. [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. Frederic Lalonde is a North American businessman and entrepreneur. Tony Xu is a remarkable finance manager who has made extraordinary strides in his profession. BREAKING: Tiny biotech successfully treats blindness. 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A traditional method taking a business course at Stanford s largest purchase order was 121,895 units, over! Doordash & # x27 ; s long-term vision Chinese City of Nanjing May...
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