He was photographed at Monster Pho in Oakland. Tony Xu's largest sale order was 80,000 units, worth over . PALO ALTO, U.S. -- Tony Xu, co-founder and CEO of U.S. food delivery giant DoorDash, has always had a need for speed. DoorDashs first stock sale, which Xu was credited with driving, made him a tycoon at age 36. 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. Without future ado, let's learn more about Tony Xu. Xu Shang-Chi - Son. Tony Xu hasn't provided a bio yet. Tony Xu's largest purchase order was 121,895 units, worth over $315.97K on September 16, 2021. The company is based in San Francisco, California. Xu married his wife Patti shortly after launching DoorDash. He holds a B.S. The highest earning executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who commands a salary of $350,930.00 per year. 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. He and his younger sister were raised by their mother after his father left them. Chart Data in Insider Trading History Table. [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 worked in Product at Square, led special projects for the CEO and CFO at eBay, and began his career at McKinsey and Company. 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. 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. Stern, Joanna (December 13, 2019). She later opened acupuncture and health centers in Champaign and the San Francisco Bay Area. [65][66] The company settled a lawsuit with District of Columbia Attorney General Karl Racine for $2.5million, with funds going to deliverers, the government, and to charity. 11/20/2022 11:00 AM. 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. We cant say their name. 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Earlier in his career, Xu interned at Square, Inc., and worked for McKinsey & Company, eBay, and PayPal. [75], In July 2021, DoorDash drivers went on strike to protest lack of tip transparency and to ask for higher pay. He was caught after one too many 'exploratory' trips into K&O servers, and spent time in a detention center as a result. DoorDash Inc. is an American on-demand prepared food delivery service. Since. A year later, he decided hed had enough of trying to teach his classmates and teachers how to pronounce his name. The experience proved invaluable, as he later discussed with davidsnotes.substack.com. The most recent insider tranaction occured on February, 23rd when Director Stanley J Meresman sold 15,000 shares worth more than $865,050.00. It just means a really, really high standard. 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. The shares were sold at an average price of $141.90, for a transaction totalling $11,352,000.00. [76][8], In August 2021, the city of Chicago sued DoorDash and GrubHub. DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. Xu has crammed a lot into an incredibly short space of time. 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. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. DoorDash CEO Tony Xu and co-founders Andy Fang and Stanley Tang have joined the billionaires club. 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. Contact. DoorDash co-founder and CEO Tony Xu has joined Meta's board of directors, the Facebook parent company announced on Tuesday. 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. 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. 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. Twitter View on Twitter. 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. [42][43] In 2021, the company expanded its service area to Sendai, Japan in June[44] and Stuttgart, Germany in November. In 2022, a tentative settlement was reached in which DoorDash would pay $100 million total, with $61 million going to over 900,000 drivers, paying out just over $130 per driver, and $28 million for the lawyers. Most recently, Tony Xu sold 80,000 shares of the business's stock in a transaction on Tuesday, January 11th. [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. Save my name, email, and website in this browser for the next time I comment. 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. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. The food delivery platform's initial public offering pushed Xu's net worth to approximately $3.1 . Fighting for the underdog is part of who I am and what we stand for as a company. His motto is to have fun and no regrets, 8. From . DoorDash had its IPO in December 2020[2][3] making Xu's net worth an estimated $2.8 billion as of April 2021. She later opened acupuncture and medical clinics in Champaign and the San Francisco Bay Area. 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. Later, he pursued an MBA from the Stanford Graduate School of Business. Rate the pronunciation difficulty of Tony Xu. [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. November 12, 2018. But we are sure that it is not available and his spouses name is not available. [1][8][9] He legally changed his name from Xu Xun to Tony Xu, inspired by his favorite television series Who's the Boss?, in which Tony Danza plays Tony Micelli. It was founded in 2012. 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. The oldest executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who is 54 years old. 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. There are 6 older executives and no younger executives at DoorDash. Name. On December 9, 2020, the company became a public company via an initial public offering, raising $3.37 billion. On 9th December 2020, his company launched IPO, which made him a billionaire at such an early age. Drivers then only directly received the part of the tip that exceeded the guaranteed minimum per order. All Rights Reserved. [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. Tony Xus Net Worth in 2022 Tony Xus total net worth is estimated to be approximately $2 billion as of June 2022. DoorDash's initial public offering in 2020, which Xu has been credited for leading,[12] made him a billionaire at the age of 36. Tony Xu Sales Manager- Shanghai PYTES Energy Co., Ltd. . Tony Xu is focused on DoorDash's long-term vision. Even more astonishingly, hes still only 35 years old. . In the summer of 2013, it received $120,000 in seed money from Y . [36], In May 2021, DoorDash was criticized for unauthorized listings of restaurants who had not given permission to appear on the app. Among the questions asked was an inquiry into what advice hed offer young entrepreneurs looking to begin their own startups. Learn More about Tony Xu's net worth. In February 2021, 55% of DoorDash's drivers were women. The Estimated Net worth is $80K USD $85k. Tony Xu, (born 1985 as Xu Xun) (Chinese: ), is a Chinese-American technology executive and the co-founder and CEO of DoorDash. Mr Xu owns over 577 units of DoorDash Inc stock worth over $40,701 and over the last 2 years he sold DASH stock worth over $0. Tony Xu CEO & Co-Founder. 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. DoorDashs IPO in 2020 has expanded Tonys total net worth to this level. Initially, Tony along with his classmates started with an Idea of food-delivery app which will help small business owners. Aanika Biosciences has married the worlds of synbio and insurance to provide companies security to innovate freely. More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro. [4] He and his wife Patti are signatories to the Giving Pledge. We have no more information about his spouse. [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. Experience. Hisreal name is Xu Xun. Tony Xu, the creator of Doordash, is a multibillionaire Chinese-American businessman who was born in 1983. It would be the same household chore thats a bugbear for the rest of us. Earlier in his career, Xu interned at Square, Inc., and worked for . Xu has stated that the eating activities of his foreign guardians, especially his mothers, influenced the making of DoorDash. The Wall Street Journal [5] As of December 31, 2020, the platform was used by 450,000 merchants, 20,000,000 consumers, and one million deliverers. 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. It is one of several technology companies.It uses logistics services to offer food deliveries from restaurants on-demand. He has voting rights over all Class B resources, giving Xu 69% democratic command over DoorDash as of December 2020. [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. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. [83], In terms of delivery, DoorDash has an algorithm that plans routes automatically and can choose a faster route. Tony Xu. See full bio . Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. 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. It was really hard for a small business to know how many drivers they need. That kind of thing doesnt go unnoticed, as Xu himself learned when he earned a place on Fortunes prestigious 40 under 40, an annual round-up of the most influential people under the age of 40. DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. The U.S. airline industry today consists of four huge carriers plus a host of lower-cost airlines. On Daily Routines, we profile successful leaders, entrepreneurs, artists, executives and athletes to explore their routines, schedules, habits . In 2013, Xu co-founded DoorDash with Stanford classmates Andy Fang, Evan Moore, and Stanley Tang. 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. Tony Xu is a remarkable finance manager who has made extraordinary strides in his profession. [19], Xu has invested in the blockchain technology provider Alchemy,[20] as well as the ghost kitchens All Day Kitchens and Local Kitchens. Download it now on Amazon. Liked by Tony Xu. CEO of DoorDash. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. Current positions of Tony Xu. Additionally, Mr. Xu receives an annual salary of $300,300.00 as CEO at DoorDash. He changed his name when he was five. Those who joined the platform after April 5, 2018, were unaffected by the breach. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Tony Xu was born on May 5, 1985, and as of 2022, he will be 37 years old. Tony Xu is married and his wife is named Patti. Jan. 12, 2018 11 AM PT. Discover the habits and routines of 50 of the world's most successful people with our latest ebook, Daily Routines. Ying Li - Wife; deceased. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. [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. Tony Xu Biography and Net Worth. If you know some information, please comment below. CEO Tony Xu told employees that 1,250 corporate workers would be let go as part of a broader cost-cutting initiative. 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. Dr. Tony Xu was a brilliant researcher who rose to prominence at the University of Hong Kong. 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. Xu owns 4.6% of the delivery giant while cofounders Andy Fang, 28 . [10][70][71][72][73] Although several preliminary documents in the case have now been filed, a trial date has not yet been set. Former England defender Rio Ferdinand says not enough is being done to combat online abuse and hate speech. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. 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. Mr. Xu earned a salary of $300,000.00, and other compensation of $297.00.There are 3 executives that earn more than Mr. Xu. [62][63], A DoorDash customer filed a class action lawsuit against the company for its "materially false and misleading" tipping policy. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. [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. 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