Meta today announced that Tony Xu, co-founder and CEO of DoorDash, Inc., has been elected to the company's board of directors, effective immediately. Mr. Xu owns 80,000 shares of DoorDash stock worth more than $4,372,800 as of February 28th. [6], DoorDash has been criticized and sued for withholding tips, reducing tip transparency, antitrust price manipulation, listing restaurants without permission, and allegedly misclassifying workers. Xu and his . 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 . [10][70][71][72][73] Although several preliminary documents in the case have now been filed, a trial date has not yet been set. He started DoorDash to help small . [75], In July 2021, DoorDash drivers went on strike to protest lack of tip transparency and to ask for higher pay. This article maps the current industry onto a traditional Monopoly board. We have no more information about his spouse. Without future ado, let's learn more about Tony Xu. It was a different license, and we only had $250 in the bank, so we couldnt put her through school. November 12, 2018. The friendship would later take on a professional bent when they joined forces to found DoorDash in 2013. October 26th, 2022, 2:06 PM PDT. When DoorDash went public in early 2021, its valuation soared to US$32 billion. On December 9, 2020, the company became a public company via an initial public offering, raising $3.37 billion. 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. [5] In 1989, his parents immigrated to Champaign, Illinois. It is a Platform where Influencers can meet up, Collaborate, Get Collaboration opportunities from Brands, and discuss common interests. L-R: Stanley Tang, Tony Xu, and Andy Fang; Missing: Evan Moore. Earlier in his career, Xu interned at Square, Inc., and worked for . Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. 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. Let's connect! Xu was born in Nanjing, situated in China. Being the CEO of a multi-billion dollar company is a huge achievement for any financial specialist. As the CEO of DoorDash, Inc., Mr. Xu earned a total compensation package of $300,297.00 in 2021. His height is 1.69 m and he weighs 72 kg. Tony Xu's Phone Number and Email Last Update. Tony Xu is a remarkable finance manager who has made extraordinary strides in his profession. Written by hao. Tony Xus fortune is estimated to be in the $2 billion range. Frederic Lalonde is a North American businessman and entrepreneur. He changed his name when he was five. Those who joined the platform after April 5, 2018, were unaffected by the breach. Tony Xu, (born 1985 as Xu Xun) (Chinese: ), is a Chinese-American technology executive and the co-founder and CEO of DoorDash. 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 . Cofounders Andy Fang and Stanley Tang, who Xu met while they . 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. Mr. Xu is currently 38 years old. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. [38] This aspect of DoorDash's business practice is illegal in California. We cant say their name. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. He hails from Nanjing, China. 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. In February 2021, 55% of DoorDash's drivers were women. [62][63] The case was referred to arbitration in August 2020. Tony Xu Biography and Net Worth. The company also said it had changed the default drop-off option to contactless delivery. [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. DoorDash Inc. is an American on-demand prepared food delivery service. Learn More on Tony Xu's trading history. See full bio . What is Tony Xu's Past Insider Trading? Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. [77], In 2017, a class action lawsuit was filed against DoorDash for allegedly misclassifying delivery drivers in California and Massachusetts as independent contractors. 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. DoorDash is America's largest food delivery service. His date of birth is 1985. Since. The company is based in San Francisco, California. The Wall Street Journal The estimated Net Worth of Tony Xu is at least $341 Thousand dollars as of 15 May 2022. 0. [4] He and his wife Patti are signatories to the Giving Pledge. [4] It also has a 60% market share in the convenience delivery category. [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. When a customer added a tip, instead of going directly to the driver, it first went to the company to cover the guaranteed minimum. Tony Xu Tony Xu is the co-founder and CEO of DoorDash. Tony Xu Biography. Discover the habits and routines of 50 of the world's most successful people with our latest ebook, Daily Routines. Do Not Sell or Share My Personal Information. DoorDash CEO Tony Xu and co-founders Andy Fang and Stanley Tang have joined the billionaires club. DoorDash. CEO of DoorDash. Initially, Tony along with his classmates started with an Idea of food-delivery app which will help small business owners. January 11, 2022. [25] He and his wife Patti met at church while they were undergraduates at Berkeley and married in 2013; the couple have two children. He has done a lot of things and held numerous positions in a, Read More 10 Things You Didnt Know about Gary GysinContinue, Maezawa Yusaku is a Japanese businessman. In 2021, Xu and his wife signed the Giving Pledge. Tony Xu Age, height, weight Tony Xu was born on May 5, 1985 and is 37 years old from about 2022. "Our new Managing Directors represent the best of our firm's dedication to excellence, leadership and client service, and . Xu married his wife Patti shortly after launching DoorDash. Xu appreciates running and has recently competed in endurance races. More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro. Shark Biography. Xu, who was born in Nanjing, China, traveled to the United States of America with his family when he was five years old. Back in 2018, Xu took part in a question/ answer session at Quora (https://www.quora.com/profile/Tony-Xu). He has voting rights over all Class B resources, giving Xu 69% democratic command over DoorDash as of December 2020. This net worth approximation does not reflect any other investments that Mr. Xu may own. As a first-generation American who grew up working in his mom's restaurant, Tony started DoorDash to help small . 11/20/2022 11:00 AM. Tony worked in Product at Square, led special projects for the CEO and CFO at eBay, and began his career at McKinsey and Company. [14] In the summer of 2013, it received $120,000 in seed money from Y Combinator in exchange for a 7% stake. 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 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. Actor: In the Mood for Love. Spoken Languages. 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. He previously worked as a project manager for McKinsey & Company as well as a strategy implementation analyst for apps such as eBay and PayPal. [45] In June 2022, the company expanded into the Wellington Region of New Zealand. Tony Xu is focused on DoorDash's long-term vision. My motto when making any decisionin work or lifeis to have the most fun and least regrets, he shared. 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. We connect brands with social media talent to create quality sponsored content. Born in Nanjing, China, Xu came to America with his parents and grew up working in a restaurant alongside his mom. It was founded in 2012. [35] By August 2022, the stock was trading at $82 per share. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. Experience. DoorDash had its IPO in December 2020[2][3] making Xu's net worth an estimated $2.8 billion as of April 2021. The mothers name is Not Available. [13][15], In December 2018, DoorDash overtook Uber Eats to hold the second position in total US food delivery sales, behind GrubHub. Regardless of whats happening at work, he always makes sure to clear a space in his calendar on a Friday evening to enjoy a date night with his wife. 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 . Xu keeps his position as CEO and claims about 5% of the organization. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California. Email. Tony Chiu-Wai Leung. Ying Li - Wife; deceased. 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. Wenwu is the leader of the Ten Rings and father of Shang-Chi and Xialing. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. Jan. 12, 2018 11 AM PT. BIOGRAPHY/Wiki. PALO ALTO, U.S. -- Tony Xu, co-founder and CEO of U.S. food delivery giant DoorDash, has always had a need for speed. The estimated net worth of Tony Xu is at least $4.37 million as of September 14th, 2021. Spotting a gap in the market, Xu and his fellow Stanford classmates, Stanley Tang, Andy Fang, and Evan Moore, set out to fill it. Last week, Murdaugh took the witness stand to deny he was the one to pull the trigger. They couldnt deal with special events like a football game or Valentines Day.. He came with his parents from Nanjing, China, in 1989, when he was five, with only $300 in their pockets, but unlimited . The Mandarin is just one of the . 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. 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. In 2013, Xu co-founded DoorDash with Stanford classmates Andy Fang, Evan Moore, and Stanley Tang. But we are sure that it is not available and his spouses name is not available. DoorDash exists today to empower those like my Mom who came here with a dream to make it on their own. [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]. [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. [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. [64] Under pressure, the company revised its policy. [28] That month, DoorDash became the fastest growing food delivery service. His date of birth is 1985. That is, Read More 10 Things You Didnt Know about Anand SambasivanContinue, Aamir Baig is the CEO of Article. Tony Xu Biography. But he hasnt done it with a traditional method. With a 5.2 percent interest in DoorDash, CEO Tony Xu is the company's largest shareholder. His mother was the inspiration for DoorDash, 6. 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? Prior to the move, Xus mother had practiced medicine. In 2021, Tony Xu earned a modest annual compensation of around 300,000 USD. In the last year, DoorDash insiders bought shares 2 times. DoorDash CEO, Tony Xu, considers recruiting to be one of his "superpowers." Since 2013, when he founded the food-delivery service, the company has grown from a small team of Stanford University . On this Wikipedia the language links are at the top of the page across from the article title. 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. [2] One needs to be proactive before making investment decisions to avoid making a wrong decision. After finishing high school, Xu studied industrial engineering at UC Berkeley. But we are trying hard to collect all the information about him and will update you soon. Tony Xu Owner at Tony Xu & Associates Inc. Diamond Bar, CA. 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. She later opened acupuncture and medical clinics in Champaign and the San Francisco Bay Area. In 2013, he married his better half, Patti Xu, in the chapel. Getting to where he is currently was not a walk in the park. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. Raza . His height is 1.69 m, and he weighs 72 kg. founded by Stanford students Tony Xu, Stanley Tang, Andy Fang and Evan Moore. 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. He is Chinese by Nationality. Learn More about insider trades at DoorDash. The couple, who met in church, share a two-year-old daughter named Olivia. Occupation Xu started his career as an understudy at Square, Inc., a banking and money and automated installment startup startup, and later worked on business improvements for the online business application RedLaser. His exact net worth is unknown. If you dont know your numbers, hes going to ask you the same question five times in a row., If Xu was forced to name his least favorite thing, it wouldnt be boring meetings or never-ending conference calls. Contact. 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. They are in relation from previous few years of a strong relationship. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. The food delivery platform's initial public offering pushed Xu's net worth to approximately $3.1 . Tony Xu, the creator of Doordash, is a multibillionaire Chinese-American businessman who was born in 1983. 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. [18] It maintained that market position in 2019. In the last year, insiders at the sold shares 40 times. [1][7] Initially, he and other DoorDash employees completed food deliveries. 2023 Forbes Media LLC. It Takes Two (simplified Chinese: ) is a 2012 Singaporean Chinese year-end blockbuster drama produced by MediaCorp TV.It stars Chen Hanwei, Yao Wenlong, Kym Ng, Ann Kok & Zheng Geping as casts of the series. Current positions of Tony Xu. Xu was born in China but moved to the US with his family when he was 4. Tony Xu's largest purchase order was 121,895 units, worth over $315.97K on September 16, 2021. California DoorDash workers protested outside of the home of DoorDash CEO Tony Xu on Thursday, prompted by a recent California superior court judge ruling calling 2020's Proposition 22 . "Full Q&A: DoorDash CEO Tony Xu and COO Christopher Payne on Recode Decode". He has a very business-oriented mindset and continues to make money using his knowledge and skillset. Xu Shang-Chi - Son. DoorDash CEO Tony Xu speaks with Emily Chang in the latest episode of Bloomberg's Studio 1.0 (Source: Bloomberg) This explains why I feel so lucky doing what I do every day.. Tony Xu (DoorDash CEO) Wiki, Biography, Age, Family, Facts and More, Andrew Carnegie Wiki, Biography, Net Worth, Age, Family, Facts and More. 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. DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. Born in Nanjing, China, Xu came to America with his parents and grew up working . DoorDash CEO Tony Xu says drivers don't want to give up the flexibility afforded by their independent-contractor status. [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. Aanika Biosciences has married the worlds of synbio and insurance to provide companies security to innovate freely. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Xu Xialing - Daughter. Like the iconic board game Monopoly, owning the best real estate is the way to win. [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. [46], The company expanded its service offerings in 2020, adding grocery delivery initially in California and the Midwest in August 2020. The most recent insider tranaction occured on February, 23rd when Director Stanley J Meresman sold 15,000 shares worth more than $865,050.00. Very difficult. [11][12][13], In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. [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. Too much a liability for any self-respecting University, Xu was unemployable upon release. Tony Xu is married and his wife is named Patti. [62][63], A DoorDash customer filed a class action lawsuit against the company for its "materially false and misleading" tipping policy. [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. 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. In 2013, he co-founded DoorDash, the on-demand food delivery company that on Wednesday announced it had filed for an IPO . Xu Wenwu was the legendary leader of the Ten Rings, named after his ancient weapons. However, Forbes has estimated his net worth to be approximately $1.9 billion. Price Range (last 24 months) None Reported. The strike occurred after DoorDash rewrote its code to cut off access to Para, a third-party app that drivers had been using to see the full tip amounts. 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