Xu appreciates running and has recently competed in endurance races. Tony Xu was born on May 5, 1985, and as of 2022, he will be 37 years old. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. That is, Read More 10 Things You Didnt Know about Anand SambasivanContinue, Aamir Baig is the CEO of Article. [80] As of September 2021, Project DASH operated in more than 900 cities and had delivered more than 15 million meals. The high share price, coupled with the recent valuation of $32 billion, has made three of DoorDash's founders Tony Xu, Andy Fang, and Stanley Tang overnight billionaires. Discover the habits and routines of 50 of the world's most successful people with our latest ebook, Daily Routines. CEO Tony Xu told employees that 1,250 corporate workers would be let go as part of a broader cost-cutting initiative. On this Wikipedia the language links are at the top of the page across from the article title. Exp Realty. The Wall Street Journal Humbled and honored to have won the CTO of the year at the 2022 Digital Masters Awards. Cofounders Andy Fang and Stanley Tang, who Xu met while they . Learn More on Tony Xu's trading history. However, Forbes has estimated his net worth to be approximately $1.9 billion. [62][63] The case was referred to arbitration in August 2020. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California. My motto when making any decisionin work or lifeis to have the most fun and least regrets, he shared. 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 . Cofounders Andy Fang and Stanley Tang, who Xu met while they were all studying at Stanford, own about 4% each. His Girlfriend/boyfriends name is Not Available. It is currently telecast on Singapore's free-to-air channel, MediaCorp Channel 8.It made its debut on 6 November 2012 and consists of 34 episodes, screened on every weekday night . Born in Nanjing, China, Xu came to America with his parents and grew up working . Learn More on DoorDash's active insiders. See the complete profile on LinkedIn and discover Tony's connections and jobs at similar companies. 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. This article maps the current industry onto a traditional Monopoly board. October 26th, 2022, 2:06 PM PDT. Tony Xu hasn't provided a bio yet. Find out more as we take you through ten things you didn't know about Tony Xu. Mr. Xu owns 80,000 shares of DoorDash stock worth more than $4,372,800 as of February 28th. [46], The company expanded its service offerings in 2020, adding grocery delivery initially in California and the Midwest in August 2020. We connect brands with social media talent to create quality sponsored content. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. [7][60][61][62] Drivers receive a guaranteed minimum per order that is paid by DoorDash by default. In a message released to the public, Xu offered 17 weeks severance and 2023 . The most recent insider tranaction occured on February, 23rd when Director Stanley J Meresman sold 15,000 shares worth more than $865,050.00. Tony Xu Biography. Pronunciation of Tony Xu with 1 audio pronunciations. The company began addressing the challenges of delivery from restaurants and has since expanded focus to include grocery, retail, beauty, alcohol, pet food, flowers and convenience. Xu enjoys running and has previously competed in marathons. As of 2023, the estimated net worth of Tony Xu ranges between 1.5-2.5 billion USD. Since. "[77] DoorDash and GrubHub denied the suit's merits. [28] That month, DoorDash became the fastest growing food delivery service. Tony Xu Sales Manager- Shanghai PYTES Energy Co., Ltd. . View the profiles of people named Tony Xu. [25] He and his wife Patti met at church while they were undergraduates at Berkeley and married in 2013; the couple have two children. 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It is one of several technology companies.It uses logistics services to offer food deliveries from restaurants on-demand. He is Chinese by Nationality. DoorDashs first stock sale, which Xu was credited with driving, made him a tycoon at age 36. 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. He came with his parents from Nanjing, China, in 1989, when he was five, with only $300 in their pockets, but unlimited . Xu owns 4.6% of the delivery giant while cofounders Andy Fang, 28 . We started the company to really help small businesses, people like my mom, hes explained to vox.com. 9 months. [13][14], In 2020, Xu was included in Fortune's "40 Under 40" list. All Rights Reserved. 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. This chart shows Tony Xu's buying and selling at DoorDash by year and by quarter. Tony Xu and his Husband, Patti Xu Xu, live in San Francisco. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. [64] Under pressure, the company revised its policy. Xu began his career as an intern at Square, Inc., a banking and finance and digital payments startup, and later worked on corporate development for the RedLaser e-commerce app. Xu and his . Ill usually go to the Marin Headlands or somewhere in nature. Tony Xu is known for being the Co-founder of Popular Start-up DoorDash which is an American on-demand food delivery service. View Tony Xu's profile on LinkedIn, the world's largest professional community. Tony Xu Biography. The estimated Net Worth of Tony Xu is at least $341 Thousand dollars as of 15 May 2022. [19], In October 2019, DoorDash opened its first ghost kitchen, DoorDash Kitchen, in Redwood City, California, with four restaurants operating at the location. So, whats his favorite way to clear his mind? Tony Xu's Phone Number and Email Last Update. [39], In late November 2022, DoorDash announced plans to layoff 1,250 corporate employees, or about six percent of their workforce. [36], In May 2021, DoorDash was criticized for unauthorized listings of restaurants who had not given permission to appear on the app. [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. DoorDash's initial public offering in 2020, which Xu has been credited for leading,[12] made him a billionaire at the age of 36. DoorDash's delivery system can learn on its own and change based on things like the number of delivery people, the time of day, and how much food is expected to be ordered.[84]. Johnson, Eric (January 9, 2019). It just means a really, really high standard. His height is 1.69 m, and he weighs 72 kg. Tony Xu, MBA '13, is the cofounder and CEO of DoorDash. Learn More about insider trades at DoorDash. And it was fortunate he did while studying at the university, he met and made friends with Andy Fang, Stanley Tang and Evan Moore. He hails from Nanjing, China. Born prematurely in Nanjing, China, his parents decided to name him "Xun . Tony Xu's Height, Weight & Body Measurement. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. If you know some information, please comment below. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer of DoorDash. It incorporated as DoorDash in June 2013. It would be the same household chore thats a bugbear for the rest of us. DoorDash Inc. is an American on-demand prepared food delivery service. Tony Xu. $.post('https://www.wikifamouspeople.com/wp-admin/admin-ajax.php', {action: 'mts_view_count', id: '533655'}); 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. [74], On May 4, 2019, DoorDash confirmed 4.9 million customers, delivery workers and merchants had sensitive information stolen via a data breach. [35] By August 2022, the stock was trading at $82 per share. He was caught after one too many 'exploratory' trips into K&O servers, and spent time in a detention center as a result. [18] It maintained that market position in 2019. Tony Xu says AB5 would have disastrous results if implemented. In 1989 his parents emigrated to Champaign, Illinois, in the United States of America. Tony Xu at Bloomberg News "DoorDash: Tony Xu". The highest earning executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who commands a salary of $350,930.00 per year. The shares were sold at an average price of $141.90, for a transaction totalling $11,352,000.00. [37] The company was sued by Lona's Lil Eats in St. Louis, with the lawsuit claiming that DoorDash had listed them without permission, then prevented any orders to the restaurant from going through and redirecting customers to other restaurants instead, because Lona's was "too far away," when in reality it had not paid DoorDash a fee for listing. When DoorDash went public in early 2021, its valuation soared to US$32 billion. BREAKING: Tiny biotech successfully treats blindness. 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 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. This week, food delivery giant DoorDash went public, seeing its share price skyrocket to $189 within days. The friendship would later take on a professional bent when they joined forces to found DoorDash in 2013. For most establishments, the costs of delivering food from their door to the customers made it unviable. As the CEO of DoorDash, Inc., Mr. Xu earned a total compensation package of $300,297.00 in 2021. In 2013, Xu co-founded DoorDash with Stanford classmates Andy Fang, Evan Moore, and Stanley Tang. Notify me of follow-up comments by email. Born in Nanjing, China, Xu moved with his family to America at the age of five. Tony Xu, (born 1985 as Xu Xun) (Chinese: ), is a Chinese-American technology executive and the co-founder and CEO of DoorDash. Experience. 2023 Forbes Media LLC. 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. Chinese and pizza restaurants could build it into their business models, but that was about the extent of it. He joined Invisible to gain personal protection while continuing his research. He has an extremely effective life both in family and profession. 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. [10][70][71][72][73] Although several preliminary documents in the case have now been filed, a trial date has not yet been set. [5] Xu continues to be CEO, and owns an approximately five percent stake in the company. 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]. Without future ado, let's learn more about Tony Xu. [11], In addition to DoorDash's board of directors,[15] Xu is a board member of the Silicon Valley Chinese Association Foundation and an executive council member of TechNet. With a 5.2 percent interest in DoorDash, CEO Tony Xu is the company's largest shareholder. [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. [11][12][13], In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. [45] In June 2022, the company expanded into the Wellington Region of New Zealand. He holds a B.S. His testimony, including admissions that he stole money, is likely to hurt him in future trials. 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. [76][8], In August 2021, the city of Chicago sued DoorDash and GrubHub. 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 also said it had changed the default drop-off option to contactless delivery. The IPO of DoorDash in 2020 increased Tonys net worth to this level. His date of birth is 1985. The project presents another step towards the reality of digital clothing interoperability across the metaverse. Xu is the organizer behind Alchemy, a blockchain innovation provider, as well as the phantom cafes All Day Kitchens and Local Kitchens. In 2021, Xu and his wife signed the Giving Pledge. On December 9, 2020, the company became a public company via an initial public offering, raising $3.37 billion. But in 2020, he was one of the highest paid CEOs in the Silicon Valley, making about 414 million USD in total compensation. Unfortunately, her medical license wasnt recognized in the US and she was forced to give up her career to work in a restaurant instead. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()), Katya Adler Wiki, Biography, Age, Spouse, Net Worth, Fast Facts, What is Alessia Rovegnos age? His date of birth is 1985. More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro. Twitter View on Twitter. [75], In July 2021, DoorDash drivers went on strike to protest lack of tip transparency and to ask for higher pay. 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. 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 . November 12, 2018. When a customer added a tip, instead of going directly to the driver, it first went to the company to cover the guaranteed minimum. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. January 11, 2022. Too much a liability for any self-respecting University, Xu was unemployable upon release. 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. Xu, who was born in Nanjing, China, traveled to the United States of America with his family when he was five years old. He started DoorDash to help small . 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. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. What is Tony Xu's Past Insider Trading? DoorDash has 12 members of its Management Team, which are its top executives, including CEO Tony Xu. Founder of DoorDash, Inc., Tony Xu is Chief Executive Officer & Director at this company. In February 2021, 55% of DoorDash's drivers were women. Tony Xu, also known as Xu Xun is an Entrepreneur. But it's too early to write off Klarna. Xu has crammed a lot into an incredibly short space of time. Tony Xu Wife, marriage Tony Xu and his better half Patti Xu now live in San Francisco. As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. It delivers meals and more from 390,000 restaurants and other merchants like CVS. . Tony Xu (I) Tony Xu. Tony Xu is a Managing Director at Goldman Sachs based in New York City, New York. [24], Xu lives in San Francisco. It helps me regulate my mind and body, which I think is why the habit stuck. Starting with restaurants, DoorDash is building the infrastructure and logistics platform to allow any local merchant to deliver. See full bio . 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 January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. Tony Xu is a remarkable finance manager who has made extraordinary strides in his profession. Why? His motto is to have fun and no regrets, 8. As a first-generation American who grew up working in his moms restaurant, Tony started DoorDash to help small business owners succeed. In 2013, Xu helped found DoorDash with Stanford classmates Andy Fang, Evan Moore and Stanley Tang. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. My least favorite thing to do is the laundry, he tells lifehacker.com. On Daily Routines, we profile successful leaders, entrepreneurs, artists, executives and athletes to explore their routines, schedules, habits . Xu is the CEO. DoorDash co-founder and CEO Tony Xu has joined Meta's board of directors, the Facebook parent company announced on Tuesday. }); If you are a Model, Tiktoker, Instagram Influencer, Fashion Blogger, or any other Social Media Influencer, who is looking to get Amazing Collaborations. Written by hao. 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 the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. The guest shark Tony Xu is a Chinese-American billionaire and a businessman, who was born in 1983. Download it now on Amazon. "DoorDash, Inc. 2022 Annual Report (Form 10-K)", "Changes to the DoorDash Leadership Team", "DoorDash, the $13B on-demand food delivery startup, says it has confidentially filed for an IPO", "Which company is winning the restaurant food delivery war? He owns 4.6% plus options. Insiders at DoorDash own 12.1% of the company. We cant say their name. 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