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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. So, naturally enough, he decided to change it. DoorDash's fourth co-founder, however, is largely overlooked. Since. Tony Xu Biography and Net Worth. 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. 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. [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. He continued from the University of California, Berkeley, and then concentrated on business at Stanford University Graduate School of Business. [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. January 31, 2021. [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. Initially, Tony along with his classmates started with an Idea of food-delivery app which will help small business owners. [4] It also has a 60% market share in the convenience delivery category. Later, he pursued an MBA from the Stanford Graduate School of Business. 0. DoorDash can also be reached via phone at 650-487-3970 and via email at [emailprotected] Learn More on Tony Xu's contact information. Very difficult. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. As the CEO of DoorDash, Inc., Mr. Xu earned a total compensation package of $300,297.00 in 2021. He was caught after one too many 'exploratory' trips into K&O servers, and spent time in a detention center as a result. Mr. Xu is currently 38 years old. DoorDash is America's largest food delivery service. . What are the age, height, and weight of Tony Xu? 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. 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. 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. After graduating, he spent several years working in tech with the likes of McKinsey and eBay. In addition, he makes $300,297 as Co-Founder and CEO & Chair at DoorDash Inc. Exp Realty. Born prematurely in Nanjing, China, his parents decided to name him "Xun . 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 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. [64] Under pressure, the company revised its policy. Cofounders Andy Fang and Stanley Tang, who Xu met while they . We have no more Information about his Father; we will try to collect information and update soon. DoorDash CEO Tony Xu says drivers don't want to give up the flexibility afforded by their independent-contractor status. Get notified the next time Tony Xu buys or sells DoorDash stock. The Wall Street Journal I run in the mornings two or three times during the week, and both days on the weekend, he tells sequoiacap.com. One needs to be proactive before making investment decisions to avoid making a wrong decision. Over the past decade, hes gone from being a student to becoming the head of one of the fastest-growing companies in the US. They purchased a total of 573,500 shares worth more than $49,963,096.52. 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. Xu, who was born in Nanjing, China, traveled to the United States of America with his family when he was five years old. CEO of DoorDash. [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. 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 CEO and Co-founder at DoorDash Stanford, CA. Difficult. Tony Xu Net Worth - DoorDash CEO Salary. Find out more as we take you through ten things you didnt know about Tony Xu. 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. [70][71][72][73] The plaintiffs stated that this arrangement increases the cost for dine-in customers, as they are required to subsidize the cost of delivery; and that the apps charge exorbitant fees, which range from 13% to 40% of revenue, while the average restaurant's profit ranges from 3% to 9% of revenue. It was really hard for a small business to know how many drivers they need. Tony Xus fortune is estimated to be in the $2 billion range. [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. DoorDashs IPO in 2020 has expanded Tonys total net worth to this level. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. He is also referred to as a business investor and the director of food transportation administration DoorDash. He started DoorDash to help small . He hails from Nanjing, China. He has a very business-oriented mindset and continues to make money using his knowledge and skillset. We learned a couple of interesting observations, he said. Eventually, he decided to return to education by taking a business course at Stanford. 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 . Born in China, Tony came to America with his parents and grew up working in his mom's restaurant. But we are sure that it is not available and his spouses name is not available. The estimated net worth of Tony Xu is at least $4.37 million as of September 14th, 2021. Pulling on a pair of sneakers and hitting the pavements. Its less than 10 seconds watch it here. 2 /5. Tony Xu Biography. Tyson Chandler Wiki, Age, Bio, Height, Wife, Career, and Net Worth, Reed Robertson Wiki, Age, Bio, Height, Wife, Career, and Net Worth, Tony Xu Wiki, Age, Bio, Height, Wife, Career, and Net Worth, Wiki, Bio, Age,Family, Siblings, Childhood & Education, Tony Xus Height, Weight & Body Measurement, Lela Ceterova Wiki, Age, Bio, Height, Boyfriend, Career, and Net Worth, Journee Nelson Wiki, Age, Bio, Height, Boyfriend, Career, and Net Worth, Famous Dex Wiki, Age, Bio, Height, Girlfriend, Career, and Net Worth, Lynda Baron Wiki, Age, Bio, Height, Husband, Career, and Net Worth, Jack Johnson Wiki, Age, Bio, Height, Wife, Career, and Net Worth. Tony Xu's largest sale order was 80,000 units, worth over . Recode. Notify me of follow-up comments by email. They are in relation from previous few years of a strong relationship. According to a filing made public Monday, DoorDash plans to list 33 million shares, at a price range between $75 to $85 per share. The partnership with the NUL includes $12 million in funding to assist drivers of color in building job skills and financial literacy. Tony Xu is known for Entrapment (1999), Spy Game (2001) and On Dangerous Ground (1996). Xu Shang-Chi - Son. As of 2020, it holds the largest market share in the USA. Growing up, his mom worked as a server at a Chinese restaurant. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. On 9th December 2020, his company launched IPO, which made him a billionaire at such an early age. View the profiles of people named Tony Xu. Changs China Bistro and Dunkin Donuts, while also championing corner restaurants like the one Xu grew up in. But in 2020, he was one of the highest paid CEOs in the Silicon Valley, making about 414 million USD in total compensation. Xu has crammed a lot into an incredibly short space of time. [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. [4] He and his wife Patti are signatories to the Giving Pledge. Tony Xu hasn't provided a bio yet. Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. Xu has served as CEO of DoorDash since 2013 and was appointed the . 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. In the last year, DoorDash insiders bought shares 2 times. Enter your email address below to get our daily insider buying and selling report. My motto when making any decisionin work or lifeis to have the most fun and least regrets, he shared. Tony Xu, CEO of DoorDash, is the Business Times' 2021 Executive of the Year. The IPO of DoorDash in 2020 increased Tonys net worth to this level. His mothers 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 doctorate degree. On this Wikipedia the language links are at the top of the page across from the article title. He is around 35 years old [Not Confirmed] as of 2020. This week, food delivery giant DoorDash went public, seeing its share price skyrocket to $189 within days. [38], In August 2022, DoorDash announced it would end its partnership with Walmart in September, ending the companies' cooperation agreement from 2018. DoorDashs first stock sale, which Xu was credited with driving, made him a tycoon at age 36. She later opened acupuncture and health centers in Champaign and the San Francisco Bay Area. Xu owns 4.6% of the delivery giant while cofounders Andy Fang, 28 . Facebook gives people the power to share and. 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 . Chinese and pizza restaurants could build it into their business models, but that was about the extent of it. 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. 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. 4. But he hasnt done it with a traditional method. [13][15], In December 2018, DoorDash overtook Uber Eats to hold the second position in total US food delivery sales, behind GrubHub. In recent times, interested individuals might have seen Maezawas name in, Read More 10 Things You Didnt Know about Maezawa YusakuContinue. 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. On December 9, 2020, the company became a public company via an initial public offering, raising $3.37 billion. founded by Stanford students Tony Xu, Stanley Tang, Andy Fang and Evan Moore. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. Tony Xu, MBA '13, is the cofounder and CEO of DoorDash. [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. He earned degrees from the University of California, Berkeley and Stanford University 's Graduate School . Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. Too much a liability for any self-respecting University, Xu was unemployable upon release. Hear the latest economic, business and market news, as well as global, national, and local news. 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]. Find out more as we take you through ten things you didn't know about Tony Xu. [24], Xu lives in San Francisco. BIOGRAPHY/Wiki. His testimony, including admissions that he stole money, is likely to hurt him in future trials. Tony Xu returned to the governing body of Meta Platforms in January 2022. Recurring Shark. 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? 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. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. Learn More about Tony Xu's net worth. [2] [19], In October 2019, DoorDash opened its first ghost kitchen, DoorDash Kitchen, in Redwood City, California, with four restaurants operating at the location. Student to becoming the head of one of the page across from the article.! 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