Johnson, Eric (January 9, 2019). [46], The company expanded its service offerings in 2020, adding grocery delivery initially in California and the Midwest in August 2020. Truth be told, I find it hard to blame them. As of 2023, the estimated net worth of Tony Xu ranges between 1.5-2.5 billion USD. View Tony Xu's profile on LinkedIn, the world's largest professional community. [4] It also has a 60% market share in the convenience delivery category. It just means a really, really high standard. Enter your email address below to get our daily insider buying and selling report. With a 5.2 percent interest in DoorDash, CEO Tony Xu is the company's largest shareholder. Last week, Murdaugh took the witness stand to deny he was the one to pull the trigger. [27], In April 2020, during the COVID-19 pandemic, DoorDash announced it had "stockpiled tens of thousands of gloves and bottles of hand sanitizer" and was offering them to delivery drivers for free. Xu appreciates running and has recently competed in endurance races. 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. Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. But in 2020, he was one of the highest paid CEOs in the Silicon Valley, making about 414 million USD in total compensation. 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 . Join Facebook to connect with Tony Xu and others you may know. Then you can join our Facebook Group named Influencers Meet Brands. Its less than 10 seconds watch it here. 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. Tony Xu Biography and Net Worth. Do Not Sell or Share My Personal Information. They purchased a total of 573,500 shares worth more than $49,963,096.52. It was really hard for a small business to know how many drivers they need. 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. They are in relation from previous few years of a strong relationship. In 2012, this meeting was the predecessor of the transport organization PaloAltoDelivery.com. [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. And it was fortunate he did while studying at the university, he met and made friends with Andy Fang, Stanley Tang and Evan Moore. In 2021, Xu and his wife signed the Giving Pledge. 11/20/2022 11:00 AM. [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] Which is an American Company that operate an online food ordering and food delivery platform. I run in the mornings two or three times during the week, and both days on the weekend, he tells sequoiacap.com. We have no more Information about his Father; we will try to collect information and update soon. [2] Tony Xu, (born 1985 as Xu Xun) (Chinese: ), is a Chinese-American technology executive and the co-founder and CEO of DoorDash. In the last year, DoorDash insiders bought shares 2 times. In 2021, Tony Xu earned a modest annual compensation of around 300,000 USD. 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. Moderate. DoorDash's insider roster includes Prabir Adarkar (CFO), Shona Brown (Director), Andy Fang (Director), Gordon Lee (CAO), Alfred Lin (Director), Stanley Meresman (Director), Christopher Payne (COO), Tia Sherringham (General Counsel), Stanley Tang (Director), Tony Xu (CEO), and Keith Yandell (Insider). Learn More on DoorDash's active insiders. Learn More on Tony Xu's contact information. The corporate mailing address for Mr. Xu and other DoorDash executives is , , . He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. Email. Also, we have no idea about his brother and sister, and we dont know their names either. Its a company that focuses on direct to consumer delivery of modern furniture that is reasonably priced in original designs. [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. 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 . The project presents another step towards the reality of digital clothing interoperability across the metaverse. The guest shark Tony Xu is a Chinese-American billionaire and a businessman, who was born in 1983. It is one of several technology companies.It uses logistics services to offer food deliveries from restaurants on-demand. Among the questions asked was an inquiry into what advice hed offer young entrepreneurs looking to begin their own startups. 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. His testimony, including admissions that he stole money, is likely to hurt him in future trials. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. Ill usually go to the Marin Headlands or somewhere in nature. Xu keeps his position as CEO and claims about 5% of the organization. Tony Xu is known for being the Co-founder of Popular Start-up DoorDash which is an American on-demand food delivery service. [3], With a 56% market share, DoorDash is the largest food delivery company in the United States. in Industrial Engineering and Operations Research from the University of California, Berkeley and an M.B.A. from the Stanford Graduate School of Business. 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. 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. [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. We have no information about his girlfriend/boyfriend. 2023 Forbes Media LLC. A year later, he decided hed had enough of trying to teach his classmates and teachers how to pronounce his name. Those who joined the platform after April 5, 2018, were unaffected by the breach. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. "[77] DoorDash and GrubHub denied the suit's merits. Tony Xu. [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]. We have no more Information about his Father; we will try to collect information and update soon. View the profiles of people named Tony Xu. In February 2021, 55% of DoorDash's drivers were women. 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. 0. Frederic Lalonde is a North American businessman and entrepreneur. 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. Tony Xu, DoorDash. Tony Xu #0781298. 4. The oldest executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who is 54 years old. [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. [67][68][69], In April 2020, in the case of Davitashvili v. GrubHub Inc. DoorDash, Grubhub, Postmates, and Uber Eats were accused of monopolistic power by only listing restaurants on their apps if the restaurant owners signed contracts which include clauses that require prices be the same for dine-in customers as for customers receiving delivery. Liked by Tony Xu. What are the age, height, and weight of Tony Xu? + Add or change photo on IMDbPro . [25] He and his wife Patti met at church while they were undergraduates at Berkeley and married in 2013; the couple have two children. There are 6 older executives and no younger executives at DoorDash. He continued from the University of California, Berkeley, and then concentrated on business at Stanford University Graduate School of Business. Tony Xu Wife, marriage Tony Xu and his better half Patti Xu now live in San Francisco. Hes been named to Fortunes 40 under 40, 7. [83], In terms of delivery, DoorDash has an algorithm that plans routes automatically and can choose a faster route. He stands 1.69 m tall and weighs 72 kg. The friendship would later take on a professional bent when they joined forces to found DoorDash in 2013. Tony Xu is focused on DoorDash's long-term vision. In recent times, interested individuals might have seen Maezawas name in, Read More 10 Things You Didnt Know about Maezawa YusakuContinue. He owns 4.6% plus options. More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro. [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. This page has information about Tony Xu, who The estimated net worth of Tony Xu is at least $4.37 million as of September 14th, 2021. [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. Information on this page was last updated on 2/23/2023. When DoorDash went public in early 2021, its valuation soared to US$32 billion. They have two children together. For most establishments, the costs of delivering food from their door to the customers made it unviable. 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. As a first-generation American who grew up working in his mom's restaurant, Tony started DoorDash to help small business owners succeed. 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. $.post('https://www.wikifamouspeople.com/wp-admin/admin-ajax.php', {action: 'mts_view_count', id: '533655'}); It is a Platform where Influencers can meet up, Collaborate, Get Collaboration opportunities from Brands, and discuss common interests. Tony Xu's largest purchase order was 121,895 units, worth over $315.97K on September 16, 2021. Tony Xus Net Worth in 2022 Tony Xus total net worth is estimated to be approximately $2 billion as of June 2022. DoorDash CEO Tony Xu says drivers don't want to give up the flexibility afforded by their independent-contractor status. PALO ALTO, U.S. -- Tony Xu, co-founder and CEO of U.S. food delivery giant DoorDash, has always had a need for speed. Xu met his co-founders at Stanford. His motto is to have fun and no regrets, 8. 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. Get notified the next time Tony Xu buys or sells DoorDash stock. 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 Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. . [18] It maintained that market position in 2019. Across America, smaller cities and less-populated states are offering cash and perks to lure remote workers away from big metropolitan areas. DoorDash Inc. is an American on-demand prepared food delivery service. [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. Hear the latest economic, business and market news, as well as global, national, and local news. So, naturally enough, he decided to change it. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. Aanika Biosciences has married the worlds of synbio and insurance to provide companies security to innovate freely. He was photographed at Monster Pho in Oakland. 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? She later opened acupuncture and medical clinics in Champaign and the San Francisco Bay Area. Tony Xu's Height, Weight & Body Measurement. In 2013, he married his wife, Patti Xu, in church. Xu enjoys running and has previously competed in marathons. The highest earning executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who commands a salary of $350,930.00 per year. What is Tony Xu's Past Insider Trading? 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]. Others named Tony Xu. Born prematurely in Nanjing, China, his parents decided to name him "Xun . Actor: In the Mood for Love. [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. Xu and his . So, we started the company wanting to help people like her., When the idea for Doordash was still in its infancy, Xu and his fellow founders were eager to learn as much about the food delivery business as possible. [62][63] The case was referred to arbitration in August 2020. 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 . He is Chinese by Nationality. Tony Xu Biography. 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. 1. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. Discover the habits and routines of 50 of the world's most successful people with our latest ebook, Daily Routines. A year later, he decided he'd had enough of trying to teach his classmates and teachers how to pronounce his name. Without future ado, let's learn more about Tony Xu. DoorDash's initial public offering in 2020, which Xu has been credited for leading,[12] made him a billionaire at the age of 36. In 2013, he married his better half, Patti Xu, in the chapel. To get the insight scoop, Xu decided to take a job as a delivery driver with Dominos Pizza. Xu was born in Nanjing, situated in China. It helps me regulate my mind and body, which I think is why the habit stuck. However, Forbes has estimated his net worth to be approximately $1.9 billion. 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[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. The partnership with the NUL includes $12 million in funding to assist drivers of color in building job skills and financial literacy. 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 . Do you wanna know the Tony Xu's full Biodata? Written by hao. He was interviewed by Joy Huang, MBA '21, on February 9, 2021 as part of the View From The Top speake. Tony Xu: Daily Routine. After graduating, he spent several years working in tech with the likes of McKinsey and eBay. Mr. Xu holds a B.S. DoorDash CEO Tony Xu and co-founders Andy Fang and Stanley Tang have joined the billionaires club. DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. Tony Xu (I) Tony Xu. Exp Realty. Born in Nanjing, China, Xu moved with his family to America at the age of five. His family moved to USA in 1980s and his mother also started a Chinese Restaurant. Xu married his wife Patti shortly after launching DoorDash. 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. Xu was born in China and moved to the U.S. at age five. He has a very business-oriented mindset and continues to make money using his knowledge and skillset. 2 /5. 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]. The couple, who met in church, share a two-year-old daughter named Olivia. 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. 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[39], In late November 2022, DoorDash announced plans to layoff 1,250 corporate employees, or about six percent of their workforce. 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. 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