Xu was born in Nanjing, China. Tony Xu's largest sale order was 80,000 units, worth over . [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 Xu, MBA '13, is the cofounder and CEO of DoorDash. Changs China Bistro and Dunkin Donuts, while also championing corner restaurants like the one Xu grew up in. As a first-generation American who grew up working in his mom's restaurant, Tony started DoorDash to help small business owners succeed. Others named Tony Xu. His Girlfriend/boyfriends name is Not Available. Notify me of follow-up comments by email. What is Tony Xu's Past Insider Trading? The IPO of DoorDash in 2020 increased Tonys net worth to this level. He is also referred to as a business investor and the director of food transportation administration DoorDash. A year later, he decided hed had enough of trying to teach his classmates and teachers how to pronounce his name. [17] By early 2019, DoorDash was the largest food delivery provider in the U.S., as measured by consumer spending. The corporate mailing address for Mr. Xu and other DoorDash executives is , , . Over the past decade, hes gone from being a student to becoming the head of one of the fastest-growing companies in the US. DoorDashs IPO in 2020 has expanded Tonys total net worth to this level. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. But we are trying hard to collect all the information about him and will update you soon. 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. Cofounders Andy Fang and Stanley Tang, who Xu met while they . 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. [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. 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. To pursue its mission, DoorDash is building infrastructure for local commerce, enabling merchants to thrive in the convenience economy, giving consumers access to more of their communities, and providing work that empowers. [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. Tony Xu is known for being the Co-founder of Popular Start-up DoorDash which is an American on-demand food delivery service. DoorDash's insider roster includes Prabir Adarkar (CFO), Shona Brown (Director), Andy Fang (Director), Gordon Lee (CAO), Alfred Lin (Director), Stanley Meresman (Director), Christopher Payne (COO), Tia Sherringham (General Counsel), Stanley Tang (Director), Tony Xu (CEO), and Keith Yandell (Insider). 2023 Forbes Media LLC. [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. His mother was the inspiration for DoorDash, 6. It was a different license, and we only had $250 in the bank, so we couldnt put her through school. 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. Additionally, Mr. Xu receives an annual salary of $300,300.00 as CEO at DoorDash. View Tony Xu's profile on LinkedIn, the world's largest professional community. [25] He and his wife Patti met at church while they were undergraduates at Berkeley and married in 2013; the couple have two children. DoorDash grew out of their conversations with merchants, asking what hurdles they faced in growing their own businesses. 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 was born on May 5, 1985, and as of 2022, he will be 37 years old. There are 6 older executives and no younger executives at DoorDash. [40], DoorDash began expanding into international markets in 2015, launching in Toronto, Canada. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. As the CEO of DoorDash, Inc., Mr. Xu earned a total compensation package of $300,297.00 in 2021. 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. Xu has served as CEO of DoorDash since 2013 and was appointed the . DoorDashs first stock sale, which Xu was credited with driving, made him a tycoon at age 36. Xu and his . They purchased a total of 573,500 shares worth more than $49,963,096.52. In 2012, this meeting was the predecessor of the transport organization PaloAltoDelivery.com. 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. The guest shark Tony Xu is a Chinese-American billionaire and a businessman, who was born in 1983. This chart shows Tony Xu's buying and selling at DoorDash by year and by quarter. If customers tip over a set amount for the order total, Doordash hides a portion of the tip until the delivery is complete. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. Xu enjoys running and has previously competed in marathons. The Mandarin is just one of the . January 11, 2022. Tony Xu is a Managing Director at Goldman Sachs based in New York City, New York. In 2021, Xu and his wife signed the Giving Pledge. Tony Xu Biography. [18] It maintained that market position in 2019. Meta Platforms, Inc. Insiders at DoorDash own 12.1% of the company. Tony Xu's . DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. Then you can join our Facebook Group named Influencers Meet Brands. Before Starting DoorDash, Tony has worked in a few prominent companies like Product at Squareand McKinsey and Company. This page has information about Tony Xu, who Tony Xu (I) Tony Xu. Read More . In 2013, he co-founded DoorDash, the on-demand food delivery company that on Wednesday announced it had filed for an IPO . DoorDash's fourth co-founder, however, is largely overlooked. DoorDash CEO Tony Xu says drivers don't want to give up the flexibility afforded by their independent-contractor status. The oldest executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who is 54 years old. We have no more information about his spouse. DoorDash, which employs about 350 people, is based in San Francisco. Hes been named to Fortunes 40 under 40, 7. Easy. [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. His motto is to have fun and no regrets, 8. Portfolio - The Vancouver Sun; Portfolio - MEC; Contact; Main; Bio; Portfolio; Portfolio - The Vancouver Sun; Portfolio - MEC [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]. Spotting a gap in the market, Xu and his fellow Stanford classmates, Stanley Tang, Andy Fang, and Evan Moore, set out to fill it. More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro. He was named in Fortunes 40 Under 40 list in 2020. The result was DoorDash, a company thats grown from tiny beginnings into the USs leading third-party food delivery provider. [16][17][18], In January 2022, Tony Xu joined the board directors of Meta Platforms. DoorDash exists today to empower those like my Mom who came here with a dream to make it on their own. Even more astonishingly, hes still only 35 years old. [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. But are these incentives worth packing a moving van? "Our new Managing Directors represent the best of our firm's dedication to excellence, leadership and client service, and . Tony has 2 jobs listed on their profile. $.post('https://www.wikifamouspeople.com/wp-admin/admin-ajax.php', {action: 'mts_view_count', id: '533655'}); In 1989 his parents emigrated to Champaign, Illinois, in the United States of America. 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 . [11][12][13], In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. Getting to where he is currently was not a walk in the park. Write Tony Xu' 1st recommendation. 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. The food delivery platform's initial public offering pushed Xu's net worth to approximately $3.1 . Tony worked in Product at Square, led special projects for the CEO and CFO at eBay, and began his career at McKinsey and Company. [16] By March 2019, it had exceeded GrubHub in total sales, at 27.6% of the on-demand delivery market. 4. Learn More about insider trades at DoorDash. 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. The estimated net worth of Tony Xu is at least $4.37 million as of September 14th, 2021. He was appointed board chair in November 2020. 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. Growing up, his mom worked as a server at a Chinese restaurant. Tony Xu Xu's own story, like that of many founders, begins an ocean away. [14] In the summer of 2013, it received $120,000 in seed money from Y Combinator in exchange for a 7% stake. ", "2021 Edison Trends U.S. Fill out the form or send an email to tonyxujournalism@gmail.comtonyxujournalism@gmail.com Find out more as we take you through ten things you didn't know about Tony Xu. 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. [76][8], In August 2021, the city of Chicago sued DoorDash and GrubHub. 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 the summer of 2013, it received $120,000 in seed money from Y . [62][63], A DoorDash customer filed a class action lawsuit against the company for its "materially false and misleading" tipping policy. Tony Xu hasn't provided a bio yet. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. The only reason I have clean clothes is that I trade chores with my wife: I do the dishes, and she does the laundry.. 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. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. His date of birth is 1985. 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