In the last year, DoorDash insiders bought shares 2 times. [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. Without future ado, let's learn more about Tony Xu. Editor's note: Last . Portfolio - The Vancouver Sun; Portfolio - MEC; Contact; Main; Bio; Portfolio; Portfolio - The Vancouver Sun; Portfolio - MEC Tony Xu: Daily Routine. Hear the latest economic, business and market news, as well as global, national, and local news. Write Tony Xu' 1st recommendation. In 2013, he married his better half, Patti Xu, in the chapel. 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. BREAKING: Tiny biotech successfully treats blindness. [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. 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. 0. Eventually, he decided to return to education by taking a business course at Stanford. Born prematurely in Nanjing, China, his parents decided to name him "Xun . [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. Tony Xu is focused on DoorDash's long-term vision. Read More . 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. Information on this page was last updated on 2/23/2023. [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 Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. DoorDashs IPO in 2020 has expanded Tonys total net worth to this level. DoorDash had its IPO in December 2020[2][3] making Xu's net worth an estimated $2.8 billion as of April 2021. Moderate. 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 Xun, popularly known as Tony Xu, is a Chinese-American business tycoon who co-founded and is the Chairman of an American company named DoorDash which deals with food. Tony Xu, CEO of DoorDash, is the Business Times' 2021 Executive of the Year. [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. With a 5.2 percent interest in DoorDash, CEO Tony Xu is the company's largest shareholder. Before Starting DoorDash, Tony has worked in a few prominent companies like Product at Squareand McKinsey and Company. 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. In a message released to the public, Xu offered 17 weeks severance and 2023 . Tony Xu Tony Xu is the co-founder and CEO of DoorDash. 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. Xu has said his immigrant parents, and especially his mother's restaurant work, helped inspire DoorDash. He was named to Fortunes 40 Under 40 rundown in 2020. Tony Xu and his Husband, Patti Xu Xu, live in San Francisco. 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. Xu appreciates running and has recently competed in endurance races. Pronunciation of Tony Xu with 1 audio pronunciations. Later, he pursued an MBA from the Stanford Graduate School of Business. Contact. 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]. The food delivery platform's initial public offering pushed Xu's net worth to approximately $3.1 . 2023 Forbes Media LLC. On this Wikipedia the language links are at the top of the page across from the article title. Ruthless doesnt mean demeaning people or disrespecting them, says Andrew Munday, one of DoorDashs first full-time employees. 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. All Rights Reserved. Tony has 2 jobs listed on their profile. [77], In 2017, a class action lawsuit was filed against DoorDash for allegedly misclassifying delivery drivers in California and Massachusetts as independent contractors. Chart Data in Insider Trading History Table. He is around35 years old [Not Confirmed] as of 2020. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. 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. Growing up, his mom worked as a server at a Chinese restaurant. While the company has . But in 2020, he was one of the highest paid CEOs in the Silicon Valley, making about 414 million USD in total compensation. The guest shark Tony Xu is a Chinese-American billionaire and a businessman, who was born in 1983. From . Fittingly, Tony Xu, now 35, would end up being "the boss" himself. This site uses Akismet to reduce spam. 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. Very difficult. Truth be told, I find it hard to blame them. Learn More on Tony Xu's trading history. [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]. DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. Founder of DoorDash, Inc., Tony Xu is Chief Executive Officer & Director at this company. 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. Xu is the CEO. His ethnicity is Asian. DoorDash's fourth co-founder, however, is largely overlooked. What are the age, height, and weight of Tony Xu? 11/20/2022 11:00 AM. So, whats his favorite way to clear his mind? 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). "In the Elevator With DoorDash CEO Tony Xu". Learn More on DoorDash's active insiders. Later, he pursued an MBA from the Stanford Graduate School of Business. In 2021, Xu and his wife signed the Giving Pledge. 2 /5. They couldnt deal with special events like a football game or Valentines Day.. This chart shows Tony Xu's buying and selling at DoorDash by year and by quarter. 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. with high honors in Industrial Engineering and Operations Research from UC Berkeley and an MBA from Stanford Graduate School of Business, where he was an Arjay Miller Scholar. 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. We have no more information about his spouse. [24], Xu lives in San Francisco. [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. When a customer added a tip, instead of going directly to the driver, it first went to the company to cover the guaranteed minimum. Learn how your comment data is processed. The only reason I have clean clothes is that I trade chores with my wife: I do the dishes, and she does the laundry.. 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. Former England defender Rio Ferdinand says not enough is being done to combat online abuse and hate speech. He continued from the University of California, Berkeley, and then concentrated on business at Stanford University Graduate School of Business. Xu keeps his position as CEO and claims about 5% of the organization. This page has information about Tony Xu, who Leadership is all about finding the best talent and making an. We cant say their name. Tony Xu's largest purchase order was 121,895 units, worth over $315.97K on September 16, 2021. [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. The couple, who met in church, share a two-year-old daughter named Olivia. Recode. I run in the mornings two or three times during the week, and both days on the weekend, he tells sequoiacap.com. The company also said it had changed the default drop-off option to contactless delivery. Xu met his co-founders at Stanford. NPR. His height is 1.69 m, and he weighs 72 kg. Those who joined the platform after April 5, 2018, were unaffected by the breach. Tony Xu is known for Entrapment (1999), Spy Game (2001) and On Dangerous Ground (1996). The highest earning executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who commands a salary of $350,930.00 per year. Xu was born in China but moved to the US with his family when he was 4. Xu has stated that the eating activities of his foreign guardians, especially his mothers, influenced the making of DoorDash. 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. As a first-generation American who grew up working in his mom's restaurant, Tony started DoorDash to help small business owners succeed. Tony Xu Biography. Tony Chiu-Wai Leung. [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. 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. He has an extremely effective life both in family and profession. Cofounders Andy Fang and Stanley Tang, who Xu met while they were all studying at Stanford, own about 4% each. Tony Xu, DoorDash. 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. Despite the pressure of running DoorDash, Xus priority is clearly his family. Fathers name is Not Available. Also, we have no idea about his brother and sister, and we dont know their names either. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. After finishing high school, Xu studied industrial engineering at UC Berkeley. Insiders at DoorDash own 12.1% of the company. On December 9, 2020, the company became a public company via an initial public offering, raising $3.37 billion. Ardeshir Godrej Wiki, Biography, Net Worth, Age, Family, Facts and More, Philip Schulte (Entrepreneur) Wiki, Biography, Age, Girlfriends, Family, Facts and More, Shawn Cotton Wiki, Biography, Net Worth, Age, Family, Facts and More, Whoxver (Tiktok Star) Wiki, Biography, Age, Boyfriend,, Spence Taylor (TikTok star) Wiki, Biography, Age,, Oti Mabuse (Dancer) Wiki, Biography, Age, Boyfriend,, Dora Moono Nyambe(Tiktok Star) Wiki, Biography, Age,, The year he married is the same year he started his Successful start Up, He has also sponsored various New Projects as well. PALO ALTO, U.S. -- Tony Xu, co-founder and CEO of U.S. food delivery giant DoorDash, has always had a need for speed. Back in 2013, Tony Xu was looking into ideas for a business school project when he hit on a problem affecting most restaurants: delivery. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. We have no more Information about his Father; we will try to collect information and update soon. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. [4] It also has a 60% market share in the convenience delivery category. Get notified the next time Tony Xu buys or sells DoorDash stock. The IPO of DoorDash in 2020 increased Tonys net worth to this level. 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. Many retailers claim to be a lifestyle brand, but Tractor Supply has earned the title as it serves customers searching for the 'Life Out Here' lifestyle. 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. 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 .

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