Humbled and honored to have won the CTO of the year at the 2022 Digital Masters Awards. [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. About Tony Xu. Information on this page was last updated on 2/23/2023. 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. Cofounders Andy Fang and Stanley Tang, who Xu met while they . 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 Shang-Chi and the Legend of the Ten Rings, Tony Leung's Xu Wenwu is revealed to be the head of a shadowy international network dating back to the Middle Ages. Spoken Languages. Notify me of follow-up comments by email. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. Initially, he and other DoorDash employees were transporting food. 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. [4] It also has a 60% market share in the convenience delivery category. 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. Save my name, email, and website in this browser for the next time I comment. [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]. Contact. Its a company that focuses on direct to consumer delivery of modern furniture that is reasonably priced in original designs. On 9th December 2020, his company launched IPO, which made him a billionaire at such an early age. 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Most recently, Tony Xu sold 80,000 shares of the business's stock in a transaction on Tuesday, January 11th. Tony Xu. [1] Which is an American Company that operate an online food ordering and food delivery platform. Those who joined the platform after April 5, 2018, were unaffected by the breach. Now, his relationship is perfect. Prior to the move, Xus mother had practiced medicine. His motto is to have fun and no regrets, 8. Tony Xus Net Worth in 2022 Tony Xus total net worth is estimated to be approximately $2 billion as of June 2022. Email. We have no information about his girlfriend/boyfriend. 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. Chart Data in Insider Trading History Table. In the summer of 2013, it received $120,000 in seed money from Y . He is around35 years old [Not Confirmed] as of 2020. 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). In 2013, he married his wife, Patti Xu, in church. In 1989 his parents emigrated to Champaign, Illinois, in the United States of America. Julie Cao, his mother's name, was a doctor in China before moving to the United States of America, where she worked at a restaurant and shuffled many jobs to pay for her medical . His height is 1.69 m and he weighs 72 kg. 11/20/2022 11:00 AM. It would be the same household chore thats a bugbear for the rest of us. If you know some information, please comment below. 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His height is 1.69 m, and he weighs 72 kg. Meta Platforms, Facebook's freshly-minted parent company, named DoorDash co-founder and Chief Executive Officer Tony Xu to its board of directors on Tuesday. [62][63], A DoorDash customer filed a class action lawsuit against the company for its "materially false and misleading" tipping policy. DoorDash. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. BIOGRAPHY/Wiki. 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. [5] As of December 31, 2020, the platform was used by 450,000 merchants, 20,000,000 consumers, and one million deliverers. Xu was born in the Chinese city of Nanjing on May 5, 1985. His Girlfriend/boyfriends name is Not Available. Prior to co-founding DoorDash. So, naturally enough, he decided to . Written by hao. Xu was born in Nanjing, situated in China. DoorDash co-founder and CEO Tony Xu has joined Meta's board of directors, the Facebook parent company announced on Tuesday. This site uses Akismet to reduce spam. He is also the CEO of a travel company called Hopper. Tony, 36, became a billionaire as a result of the profitable public sale, and he now owns over 5% of the firm, according to CNBC. 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. Earlier in his career, Xu interned at Square, Inc., and worked for . Born in Nanjing, China, Xu moved with his family to America at the age of five. That is, Read More 10 Things You Didnt Know about Anand SambasivanContinue, Aamir Baig is the CEO of Article. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. 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. Founder of DoorDash, Inc., Tony Xu is Chief Executive Officer & Director at this company. They are in relation from previous few years of a strong relationship. This explains why I feel so lucky doing what I do every day.. [38], In August 2022, DoorDash announced it would end its partnership with Walmart in September, ending the companies' cooperation agreement from 2018. As of 2023, the estimated net worth of Tony Xu ranges between 1.5-2.5 billion USD. ghost kitchen startup debuts with a new name, new market and $20 million in new funding", "Ghost Kitchens Will Keep Appearing on Your Delivery App, Even as the Pandemic Eases", "Delivery's richest CEO Tony Xu has been quietly funding 2 ghost kitchens built by Uber Eats and DoorDash alums and his bets reveal the next big trend in the industry, experts say", "Asian American executives at DoorDash, YouTube, Facebook donated $10 million to support the AAPI community", "Endowed chairs and distinguished professorships", "Multimillion dollar gift to advance study of human computer interaction", "The Giving Pledge Welcomes 14 New Signatories", "Doordash's Founders Are Billionaires Now", "20VC: DoorDash CEO Tony Xu on The Art of Great Leadership Today, Why The Best Give All of the Credit and Take All of the Blame & How DoorDash Have Won The Best Talent Against the Toughest Competition", "DoorDash Becomes Official On-Demand Delivery Platform of NBA, WNBA, NBA 2K League", "DoorDash Becomes First-Ever On-Demand Delivery Platform of the NBA, WNBA and NBA 2K League", "Full Q&A: DoorDash CEO Tony Xu and COO Christopher Payne on Recode Decode", "In the Elevator With DoorDash CEO Tony Xu", https://en.wikipedia.org/w/index.php?title=Tony_Xu&oldid=1141205555, UC Berkeley College of Engineering alumni, University of California, Berkeley alumni, Articles containing Chinese-language text, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 23 February 2023, at 22:20. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. Before Starting DoorDash, Tony has worked in a few prominent companies like Product at Squareand McKinsey and Company. Name. Learn More on DoorDash's active insiders. [80] As of September 2021, Project DASH operated in more than 900 cities and had delivered more than 15 million meals. Tony Xu Net Worth - DoorDash CEO Salary. [5] Xu continues to be CEO, and owns an approximately five percent stake in the company. He has voting rights over all Class B resources, giving Xu 69% democratic command over DoorDash as of December 2020. The U.S. airline industry today consists of four huge carriers plus a host of lower-cost airlines. Cofounders Andy Fang and Stanley Tang, who Xu met while they were all studying at Stanford, own about 4% each. Unfortunately, her medical license wasnt recognized in the US and she was forced to give up her career to work in a restaurant instead. Then you can join our Facebook Group named Influencers Meet Brands. [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. The project presents another step towards the reality of digital clothing interoperability across the metaverse. Xu and his . [4] He and his wife Patti are signatories to the Giving Pledge. 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 . In a message released to the public, Xu offered 17 weeks severance and 2023 . 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 . This page has information about Tony Xu, who 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. [5][26], Xu enjoys running and used to participate in marathons. Xu Xialing - Daughter. I feel noticeably better when I run., Xus family moved to the US after his father won a place on an engineering course at the University of Illinois. DoorDash is focused on being the restaurant industrys last-mile solution and has grown into a $700 million leader in the on-demand space. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. [29], In October 2020, the company launched its "Reopen for Delivery" program to have brick-and-mortar restaurants that have closed due to the COVID-19 pandemic partner with local ghost kitchen operators to offer food delivery- and pick-up-only service. Tony Xu's largest sale order was 80,000 units, worth over . At the time of the strike, and as of June 2022, DoorDash did not allow drivers to see the full tip amounts prior to accepting a delivery in the app. His father was a Chinese teacher who earned a Ph.D. in aeronautical engineering and applied mathematics from the University of Illinois at Urbana-Champaign in the United States of America. His ethnicity is Asian. 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. [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. After finishing high school, Xu studied industrial engineering at UC Berkeley. They have two children together. 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 . He hails from Nanjing, China. Fill out the form or send an email to tonyxujournalism@gmail.comtonyxujournalism@gmail.com This article maps the current industry onto a traditional Monopoly board. BREAKING: Tiny biotech successfully treats blindness. Xu has crammed a lot into an incredibly short space of time. Tony Xu, DoorDash. [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. [5] In 1989, his parents immigrated to Champaign, Illinois. As a first-generation American who grew up working in his mom's restaurant, Tony started DoorDash to help small business owners succeed. Tony Xu Sales Manager- Shanghai PYTES Energy Co., Ltd. . If customers tip over a set amount for the order total, Doordash hides a portion of the tip until the delivery is complete. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. It was founded in 2012. Facebook gives people the power to share and. Liked by Tony Xu. Write Tony Xu' 1st recommendation. [10][70][71][72][73] Although several preliminary documents in the case have now been filed, a trial date has not yet been set. In 2021, Xu and his wife signed the Giving Pledge. Find out more as we take you through ten things you didn't know about Tony Xu. 2 /5. They sold a total of 800,309 shares worth more than $63,347,607.21. On Daily Routines, we profile successful leaders, entrepreneurs, artists, executives and athletes to explore their routines, schedules, habits . Current positions of Tony Xu. Earlier in his career, Xu interned at Square, Inc., and worked for McKinsey & Company, eBay, and PayPal. Drivers then only directly received the part of the tip that exceeded the guaranteed minimum per order. [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. [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. Moderate. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. He was appointed board chair in November 2020. Actor: In the Mood for Love. Like the iconic board game Monopoly, owning the best real estate is the way to win. DoorDash, which employs about 350 people, is based in San Francisco. In a news release, Mark Zuckerberg described Xu as "a great tech leader" who "has direct experience in both running a tech company and solving complex challenges in commerce." "Tony has built a great service for millions of . [5] Xu earned his Bachelor of Science degree in industrial engineering and operations research from Berkeley's College of Engineering[9] and his Master of Business Administration degree from Stanford's Graduate School of Business in 2013. Master of Business Administration, Stanford Graduate School of Business; Bachelor of Arts/Science, University of California, Berkeley. ", "2021 Edison Trends U.S. With a 5.2 percent interest in DoorDash, CEO Tony Xu is the company's largest shareholder. DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. Tony Xu Tony Xu is the co-founder and CEO of DoorDash. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. 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. 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. In 2013, Xu helped found DoorDash with Stanford classmates Andy Fang, Evan Moore and Stanley Tang. Difficult. [28] That month, DoorDash became the fastest growing food delivery service. Terrible insurance policies often prevent innovative new ideas from penetrating the food and beverage industry. in Industrial Engineering and Operations Research from the University of California, Berkeley and an M.B.A. from the Stanford Graduate School of Business. 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 eventually settled on Tony after actor Tony Danza, who at the time was starring in Xus favorite TV show, Whos the Boss?. It was a different license, and we only had $250 in the bank, so we couldnt put her through school. DoorDash CEO Tony Xu speaks with Emily Chang in the latest episode of Bloomberg's Studio 1.0 (Source: Bloomberg) [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. 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. Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. [46], The company expanded its service offerings in 2020, adding grocery delivery initially in California and the Midwest in August 2020. His real name is Xu Xun. Frederic Lalonde is a North American businessman and entrepreneur. The couple, who met in church, share a two-year-old daughter named Olivia. Tony Xu hasn't provided a bio yet. It incorporated as DoorDash in June 2013. CEO Tony Xu told employees that 1,250 corporate workers would be let go as part of a broader cost-cutting initiative. 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. His testimony, including admissions that he stole money, is likely to hurt him in future trials. As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. NPR. "As a recently IPOed company, DoorDash has failed to provide a governance . 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. In February 2021, 55% of DoorDash's drivers were women. [70][71][72][73] The lawsuit seeks treble damages, including for overcharges, since April 14, 2016 for dine-in and delivery customers in the United States at restaurants using the defendants delivery apps. Dr. Tony Xu was a brilliant researcher who rose to prominence at the University of Hong Kong. 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. 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 . Hear the latest economic, business and market news, as well as global, national, and local news. Tony worked in Product at Square, led special projects for the CEO and CFO at eBay, and began his career at McKinsey and Company. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. She later opened needle therapy and wellness centers in Champaign and the San Francisco Bay Area. Learn More about insider trades at DoorDash. Today, the company is also focusing efforts on an issue particularly important to Xu, using that same logistical expertise to reduce food waste with the recent launch of Project DASH. What is Tony Xu's Past Insider Trading? [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. [25] He and his wife Patti met at church while they were undergraduates at Berkeley and married in 2013; the couple have two children. 4. Xu Shang-Chi - Son. Tony Leung Chiu Wai was born in Hong Kong on 27 June 1962. Leadership is all about finding the best talent and making an. (1 Vote) Very easy. It delivers meals and more from 390,000 restaurants and other merchants like CVS. Tony Xu returned to the governing body of Meta Platforms in January 2022. Born in Nanjing, China, Xu came to America with his parents and grew up working . My least favorite thing to do is the laundry, he tells lifehacker.com. 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. By the breach leadership is all about finding the best talent and an..., share a two-year-old daughter named Olivia consumer delivery of modern furniture that is, Read 10! 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