But are these incentives worth packing a moving van? Raza . Notify me of follow-up comments by email. 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? Earlier in his career, Xu interned at Square, Inc., and worked for McKinsey & Company, eBay, and PayPal. Xu was born in Nanjing, China. Xu has said his immigrant parents, and especially his mother's restaurant work, helped inspire DoorDash. Jan. 12, 2018 11 AM PT. Prior to co-founding DoorDash. 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. On 9th December 2020, his company launched IPO, which made him a billionaire at such an early age. Tony Xu Biography. Xu appreciates running and has recently competed in endurance races. Tony Chiu-Wai Leung. DoorDash CEO Tony Xu speaks with Emily Chang in the latest episode of Bloomberg's Studio 1.0 (Source: Bloomberg) Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. [7][60][61][62] Drivers receive a guaranteed minimum per order that is paid by DoorDash by default. Former England defender Rio Ferdinand says not enough is being done to combat online abuse and hate speech. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California. Tony Leung Chiu Wai was born in Hong Kong on 27 June 1962. Contact. Getting to where he is currently was not a walk in the park. My motto when making any decisionin work or lifeis to have the most fun and least regrets, he shared. He depicts himself as an avid ball fan and lets his ability to teach English to the game and the media. Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. Also, we have no idea about his brother and sister, and we dont know their names either. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. Easy. He continued from the University of California, Berkeley, and then concentrated on business at Stanford University Graduate School of Business. 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. Those who joined the platform after April 5, 2018, were unaffected by the breach. His testimony, including admissions that he stole money, is likely to hurt him in future trials. Join Facebook to connect with Tony Xu and others you may know. Tony Xu. Its less than 10 seconds watch it here. 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. Johnson, Eric (January 9, 2019). [5][26], Xu enjoys running and used to participate in marathons. He joined Invisible to gain personal protection while continuing his research. In 2013, he co-founded DoorDash, the on-demand food delivery company that on Wednesday announced it had filed for an IPO . Tony Xu's Phone Number and Email Last Update. Stern, Joanna (December 13, 2019). From . Then you can join our Facebook Group named Influencers Meet Brands. In 2021, Tony Xu earned a modest annual compensation of around 300,000 USD. Frederic Lalonde is a North American businessman and entrepreneur. The most recent insider tranaction occured on February, 23rd when Director Stanley J Meresman sold 15,000 shares worth more than $865,050.00. [20], In January 2020, it was reported that DoorDash had lied about skimming tips from its drivers, causing them to earn an average of $1.45 an hour after expenses, and that after the company had allegedly overhauled its tipping system, DoorDash was still manipulating per-delivery payouts at the expense of drivers. Exp Realty. It also generated $1 billion in losses last year. DoorDash Inc. is an American on-demand prepared food delivery service. 9 months. He has a very business-oriented mindset and continues to make money using his knowledge and skillset. Tony Xu was born on May 5, 1985, and as of 2022, he will be 37 years old. 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. [13][15], In December 2018, DoorDash overtook Uber Eats to hold the second position in total US food delivery sales, behind GrubHub. In addition, he makes $300,297 as Co-Founder and CEO & Chair at DoorDash Inc. His ethnicity is Asian. Over the past decade, hes gone from being a student to becoming the head of one of the fastest-growing companies in the US. Facebook gives people the power to share and. Tony Xu is a remarkable finance manager who has made extraordinary strides in his profession. Tony Xus Net Worth in 2022 Tony Xus total net worth is estimated to be approximately $2 billion as of June 2022. 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. [40], DoorDash began expanding into international markets in 2015, launching in Toronto, Canada. History. This explains why I feel so lucky doing what I do every day.. 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 . The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. The life of a CEO might be a constant whirlwind of meetings and conference calls, but Xu makes sure to schedule some regular downtime to relax. Actor: In the Mood for Love. Tony Xu CEO & Co-Founder. This article maps the current industry onto a traditional Monopoly board. He is Chinese by Nationality. [17] By early 2019, DoorDash was the largest food delivery provider in the U.S., as measured by consumer spending. [39], In late November 2022, DoorDash announced plans to layoff 1,250 corporate employees, or about six percent of their workforce. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. [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. His mother, Julie Cao, was[6] previously a doctor in China. 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. Now, his relationship is perfect. 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. Before Starting DoorDash, Tony has worked in a few prominent companies like Product at Squareand McKinsey and Company. Xu is the CEO. [80] As of September 2021, Project DASH operated in more than 900 cities and had delivered more than 15 million meals. Find out more as we take you through ten things you didn't know about Tony Xu. Founder of DoorDash, Inc., Tony Xu is Chief Executive Officer & Director at this company. 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. 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. [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. It would be the same household chore thats a bugbear for the rest of us. This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. [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. 0. [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. He owns 4.6% plus options. Its a company that focuses on direct to consumer delivery of modern furniture that is reasonably priced in original designs. This chart shows Tony Xu's buying and selling at DoorDash by year and by quarter. [4] He and his wife Patti are signatories to the Giving Pledge. 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. Read More . 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. He was named to Fortunes 40 Under 40 rundown in 2020. 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. It is one of several technology companies.It uses logistics services to offer food deliveries from restaurants on-demand. The IPO of DoorDash in 2020 increased Tonys net worth to this level. Additionally, Mr. Xu receives an annual salary of $300,300.00 as CEO at DoorDash. Tony Xu (DoorDash CEO) Wiki, Biography, Age, Family, Facts and More, Andrew Carnegie Wiki, Biography, Net Worth, Age, Family, Facts and 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. Cofounders Andy Fang and Stanley Tang, who Xu met while they were all studying at Stanford, own about 4% each. Save my name, email, and website in this browser for the next time I comment. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. 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. This was to rein in expenses. 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 Xu Xu's own story, like that of many founders, begins an ocean away. 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. "Our new Managing Directors represent the best of our firm's dedication to excellence, leadership and client service, and . His real name is Xu Xun. Xu and his . [28] That month, DoorDash became the fastest growing food delivery service. As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. [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. [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. Xu enjoys running and has previously competed in marathons. It helps me regulate my mind and body, which I think is why the habit stuck. Tony Xu hasn't provided a bio yet. Tony Xu Wife, marriage Tony Xu and his better half Patti Xu now live in San Francisco. Tony Xu had a strong work ethic from an early age, but it wasn't until he met DoorDash's co-founders - and became a Domino's Pizza delivery driver to test out their theories - that it . In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. His motto is to have fun and no regrets, 8. Insiders at DoorDash own 12.1% of the company. The U.S. airline industry today consists of four huge carriers plus a host of lower-cost airlines. His height is 1.69 m, and he weighs 72 kg. Xu met his co-founders at Stanford. [25] He and his wife Patti met at church while they were undergraduates at Berkeley and married in 2013; the couple have two children. [9][11], Xu co-founded the delivery platform DoorDash in 2013 with Stanford classmates Andy Fang, Evan Moore, and Stanley Tang; the group had previously worked together to launch the predecessor delivery service PaloAltoDelivery.com in 2012. [1][7] Initially, he and other DoorDash employees completed food deliveries. Hisreal name is Xu Xun. 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. Name. 1. View the profiles of people named Tony Xu. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. Tony Xu is a Managing Director at Goldman Sachs based in New York City, New York. They sold a total of 800,309 shares worth more than $63,347,607.21. [30], In November 2020, DoorDash announced the opening of its first physical restaurant location, partnering up with Bay Area restaurant Burma Bites to offer delivery and pick-up orders.[31][32]. Enter your email address below to get our daily insider buying and selling report. 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 . [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. Ill usually go to the Marin Headlands or somewhere in nature. Xu Wenwu was the legendary leader of the Ten Rings, named after his ancient weapons. 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. $.post('https://www.wikifamouspeople.com/wp-admin/admin-ajax.php', {action: 'mts_view_count', id: '533655'}); [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. [5] Xu continues to be CEO, and owns an approximately five percent stake in the company. It was founded in 2012. 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. Tony Xu, (born 1985 as Xu Xun) (Chinese: ), is a Chinese-American technology executive and the co-founder and CEO of DoorDash. He has an extremely effective life both in family and profession. 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. We have no more Information about his Father; we will try to collect information and update soon. The company is based in San Francisco, California. Pulling on a pair of sneakers and hitting the pavements. The oldest executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who is 54 years old. Recode. 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]. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer of DoorDash. 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. We have no more information about his spouse. DoorDash is focused on being the restaurant industrys last-mile solution and has grown into a $700 million leader in the on-demand space. Xu keeps his position as CEO and claims about 5% of the organization. She later opened acupuncture and medical clinics in Champaign and the San Francisco Bay Area. The result was DoorDash, a company thats grown from tiny beginnings into the USs leading third-party food delivery provider. 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