[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. [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. Ying Li - Wife; deceased. Xu was born in Nanjing, situated in China. They have two children together. In 2013, Xu co-founded DoorDash with Stanford classmates Andy Fang, Evan Moore, and Stanley Tang. Find out more as we take you through ten things you didn't know about Tony Xu. [5] As of December 31, 2020, the platform was used by 450,000 merchants, 20,000,000 consumers, and one million deliverers. [42][43] In 2021, the company expanded its service area to Sendai, Japan in June[44] and Stuttgart, Germany in November. He hails from Nanjing, China. His family moved to USA in 1980s and his mother also started a Chinese Restaurant. The corporate mailing address for Mr. Xu and other DoorDash executives is , , . Learn More about Tony Xu's net worth. Xu has stated that the eating activities of his foreign guardians, especially his mothers, influenced the making of DoorDash. On Daily Routines, we profile successful leaders, entrepreneurs, artists, executives and athletes to explore their routines, schedules, habits . On 9th December 2020, his company launched IPO, which made him a billionaire at such an early age. [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. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. Xu was born in China but moved to the US with his family when he was 4. 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. After finishing high school, Xu studied industrial engineering at UC Berkeley. The result was DoorDash, a company thats grown from tiny beginnings into the USs leading third-party food delivery provider. Mr. Xu is currently 38 years old. His mother was the inspiration for DoorDash, 6. 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 . We have no more Information about his Father; we will try to collect information and update soon. About Tony Xu. Tony Xu Sales Manager- Shanghai PYTES Energy Co., Ltd. . My least favorite thing to do is the laundry, he tells lifehacker.com. Matthew Lorber (Entrepreneur) Wiki, Biography, Age, Girlfriend, Family, Facts, and Many More. Born in Nanjing, China, Xu moved with his family to America at the age of five. [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. 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 $10 million to support the AAPI community", "Endowed chairs and distinguished professorships", "Multimillion dollar gift to advance study of human computer interaction", "The Giving Pledge Welcomes 14 New Signatories", "Doordash's Founders Are Billionaires Now", "20VC: DoorDash CEO Tony Xu on The Art of Great Leadership Today, Why The Best Give All of the Credit and Take All of the Blame & How DoorDash Have Won The Best Talent Against the Toughest Competition", "DoorDash Becomes Official On-Demand Delivery Platform of NBA, WNBA, NBA 2K League", "DoorDash Becomes First-Ever On-Demand Delivery Platform of the NBA, WNBA and NBA 2K League", "Full Q&A: DoorDash CEO Tony Xu and COO Christopher Payne on Recode Decode", "In the Elevator With DoorDash CEO Tony Xu", https://en.wikipedia.org/w/index.php?title=Tony_Xu&oldid=1141205555, UC Berkeley College of Engineering alumni, University of California, Berkeley alumni, Articles containing Chinese-language text, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 23 February 2023, at 22:20. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. jQuery(document).ready(function($) { Ill usually go to the Marin Headlands or somewhere in nature. Hear the latest economic, business and market news, as well as global, national, and local news. Tony Xu is CEO/Co-Founder at DoorDash Inc. See Tony Xu's compensation, career history, education, & memberships. Johnson, Eric (January 9, 2019). The guest shark Tony Xu is a Chinese-American billionaire and a businessman, who was born in 1983. Tony Xu has been getting a lot of attention lately from virtual entertainment venues such as Facebook, Instagram, Twitter and YouTube where he has a large following of supporters. His motto is to have fun and no regrets, 8. 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. 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? CEO Tony Xu told employees that 1,250 corporate workers would be let go as part of a broader cost-cutting initiative. 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 worked in Product at Square, led special projects for the CEO and CFO at eBay, and began his career at McKinsey and Company. His height is 1.69 m and he weighs 72 kg. 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. Xu met his co-founders at Stanford. 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. Getting to where he is currently was not a walk in the park. The mothers name is Not Available. 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. 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. (Podcast). in Industrial Engineering and Operations Research from the University of California, Berkeley and an M.B.A. from the Stanford Graduate School of Business. He is known for being the co-founder and chief executive officer (CEO) of his company DoorDash. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. He is Chinese by Nationality. Chart Data in Insider Trading History Table. Tony Xu and his Husband, Patti Xu Xu, live in San Francisco. He earned degrees from the University of California, Berkeley and Stanford University 's Graduate School . "As a recently IPOed company, DoorDash has failed to provide a governance . He holds a B.S. Meta Platforms, Inc. The shares were sold at an average price of $141.90, for a transaction totalling $11,352,000.00. 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. As of 2020, it holds the largest market share in the USA. He eventually settled on Tony after actor Tony Danza, who at the time was starring in Xus favorite TV show, Whos the Boss?. He has an extremely effective life both in family and profession. Recode. [18] It maintained that market position in 2019. He hails from Nanjing, China. Contact. Xu was born in China but moved to the US with his family when he was 4. [2] 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. On this Wikipedia the language links are at the top of the page across from the article title. Xu Shang-Chi - Son. In 2013, he married his better half, Patti Xu, in the chapel. DoorDash Inc. is an American on-demand prepared food delivery service. His height is 1.69 m, and he weighs 72 kg. It is one of several technology companies.It uses logistics services to offer food deliveries from restaurants on-demand. They purchased a total of 573,500 shares worth more than $49,963,096.52. It also generated $1 billion in losses last year. [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. He describes himself as an avid basketball fan and attributes his ability to learn English to the game and the media. [67][68][69], In April 2020, in the case of Davitashvili v. GrubHub Inc. DoorDash, Grubhub, Postmates, and Uber Eats were accused of monopolistic power by only listing restaurants on their apps if the restaurant owners signed contracts which include clauses that require prices be the same for dine-in customers as for customers receiving delivery. Its a company that focuses on direct to consumer delivery of modern furniture that is reasonably priced in original designs. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. He was included in Fortune's "40 Under 40" list in 2020. In the last year, DoorDash insiders bought shares 2 times. [11][12][13], In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. L-R: Stanley Tang, Tony Xu, and Andy Fang; Missing: Evan Moore. This page has information about Tony Xu, who [25] He and his wife Patti met at church while they were undergraduates at Berkeley and married in 2013; the couple have two children. 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 . Spotting a gap in the market, Xu and his fellow Stanford classmates, Stanley Tang, Andy Fang, and Evan Moore, set out to fill it. [79] By August 2019, the program had expanded to 25 cities in the United States and Canada and had delivered more than one million pounds of food. 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. His answer revealed the personal philosophy that drives his success. ", "2021 Edison Trends U.S. 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. While the company has . This article maps the current industry onto a traditional Monopoly board. Tony Xu Biography. Dr. Tony Xu was a brilliant researcher who rose to prominence at the University of Hong Kong. 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. January 31, 2021. 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. Twitter View on Twitter. 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. [81][82], DoorDash partnered with the National Urban League in 2020 as part of its Main Street Strong program, which included a pledge of $200 million over five years to support restaurants during the coronavirus pandemic. 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. Find out more as we take you through ten things you didnt know about Tony Xu. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer of DoorDash. She later opened acupuncture and health centers in Champaign and the San Francisco Bay Area. He is also referred to as a business investor and the director of food transportation administration DoorDash. From . It delivers meals and more from 390,000 restaurants and other merchants like CVS. 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. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. DoorDash is focused on being the restaurant industrys last-mile solution and has grown into a $700 million leader in the on-demand space. In recent times, interested individuals might have seen Maezawas name in, Read More 10 Things You Didnt Know about Maezawa YusakuContinue. In 2021, Tony Xu earned a modest annual compensation of around 300,000 USD. 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. 11/20/2022 11:00 AM. 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. 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. 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. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. Without future ado, let's learn more about Tony Xu. We started the company to really help small businesses, people like my mom, hes explained to vox.com. DoorDash, which employs about 350 people, is based in San Francisco.