Tony received a Bachelor of Arts degree from Amherst College and a Master of Business Administration from MIT Sloan. Tony Xu. The Mandarin is just one of the . Experience. But later he immigrated to the United States with his parents when he was five years old. 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. Their hope is to make investments that will give dreamers and doers particularly those that are underfunded or are playing from behind the encouragement and luck necessary to maximize their potential and positively impact the world. [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. 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. Hes been named to Fortunes 40 under 40, 7. 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. Xu owns 4.6% of the delivery giant while cofounders Andy Fang, 28 . In the wake of watching the American TV series Whos the Boss?, in which Tony Danza takes on the role of Tony Micelli, he authoritatively changed his family name from Xu Xun to Tony Xu. Despite the pressure of running DoorDash, Xus priority is clearly his family. Facebook gives people the power to share and. November 12, 2018. 9 months. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California. Xu enjoys running and has previously competed in marathons. This chart shows Tony Xu's buying and selling at DoorDash by year and by quarter. Learn More about insider trades at DoorDash. His Girlfriend/boyfriends name is Not Available. Written by hao. Editor's note: Last . Born in Nanjing, China, Xu came to America with his parents and grew up working in a restaurant alongside his mom. Jan. 12, 2018 11 AM PT. Not much is known about his family and his personal Life. This was to rein in expenses. NPR. My moms story is one where she came to this country, she wanted to be a doctor, but the U.S. didnt recognize her license because we immigrated from China. Tony Xu Biography. 11/20/2022 11:00 AM. 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 . Back in 2013, Tony Xu was looking into ideas for a business school project when he hit on a problem affecting most restaurants: delivery. 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. Tony Xu, CEO of DoorDash, is the Business Times' 2021 Executive of the Year. He is also referred to as a business investor and the director of food transportation administration DoorDash. On Daily Routines, we profile successful leaders, entrepreneurs, artists, executives and athletes to explore their routines, schedules, habits . Tony Xu Net Worth - DoorDash CEO Salary. [19], Xu has invested in the blockchain technology provider Alchemy,[20] as well as the ghost kitchens All Day Kitchens and Local Kitchens. [11][12][13], In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. Tony Xus fortune is estimated to be in the $2 billion range. Xu Shang-Chi - Son. [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. . She later opened acupuncture and health centers in Champaign and the San Francisco Bay Area. Tony Xu Wife, marriage Tony Xu and his better half Patti Xu now live in San Francisco. [5][26], Xu enjoys running and used to participate in marathons. Actor: In the Mood for Love. Recurring Shark. More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro. 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 is the CEO. His date of birth is 1985. Its her story that provided the inspiration for Xus decision to launch DoorDash. This explains why I feel so lucky doing what I do every day.. "Our new Managing Directors represent the best of our firm's dedication to excellence, leadership and client service, and . Born in Nanjing, China, Xu came to America with his parents and grew up working . [9], In 2018, DoorDash launched Project DASH, a partnership with local food security organizations to deliver donations to those in need. 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. As of 2020, it holds the largest market share in the USA. He joined Invisible to gain personal protection while continuing his research. Its a company that focuses on direct to consumer delivery of modern furniture that is reasonably priced in original designs. If you know some information, please comment below. Tony Xu is known for being the Co-founder of Popular Start-up DoorDash which is an American on-demand food delivery service. Master of Business Administration, Stanford Graduate School of Business; Bachelor of Arts/Science, University of California, Berkeley. He is Chinese by Nationality. DoorDash CEO Tony Xu says drivers don't want to give up the flexibility afforded by their independent-contractor status. Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. Pulling on a pair of sneakers and hitting the pavements. The guest shark Tony Xu is a Chinese-American billionaire and a businessman, who was born in 1983. Tony Xu, the creator of Doordash, is a multibillionaire Chinese-American businessman who was born in 1983. He was named in Fortunes 40 Under 40 list in 2020. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Xu keeps his position as CEO and claims about 5% of the organization. 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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. DoorDash Inc. is an American on-demand prepared food delivery service. Do Not Sell or Share My Personal Information. 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. Since. Write Tony Xu' 1st recommendation. Tony Xu, MBA '13, is the cofounder and CEO of DoorDash. [62][63], A DoorDash customer filed a class action lawsuit against the company for its "materially false and misleading" tipping policy. We have no information about his girlfriend/boyfriend. [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. It was really hard for a small business to know how many drivers they need. Learn More on Tony Xu's contact information. 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. If customers tip over a set amount for the order total, Doordash hides a portion of the tip until the delivery is complete. Notify me of follow-up comments by email. It is one of several technology companies.It uses logistics services to offer food deliveries from restaurants on-demand. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. Name. [75], In July 2021, DoorDash drivers went on strike to protest lack of tip transparency and to ask for higher pay. [45] In June 2022, the company expanded into the Wellington Region of New Zealand. Former England defender Rio Ferdinand says not enough is being done to combat online abuse and hate speech. Chinese and pizza restaurants could build it into their business models, but that was about the extent of it. Aanika Biosciences has married the worlds of synbio and insurance to provide companies security to innovate freely. Others named Tony Xu. Xu has crammed a lot into an incredibly short space of time. Ardeshir Godrej Wiki, Biography, Net Worth, Age, Family, Facts and More, Philip Schulte (Entrepreneur) Wiki, Biography, Age, Girlfriends, Family, Facts and More, Shawn Cotton Wiki, Biography, Net Worth, Age, Family, Facts and More, Whoxver (Tiktok Star) Wiki, Biography, Age, Boyfriend,, Spence Taylor (TikTok star) Wiki, Biography, Age,, Oti Mabuse (Dancer) Wiki, Biography, Age, Boyfriend,, Dora Moono Nyambe(Tiktok Star) Wiki, Biography, Age,, The year he married is the same year he started his Successful start Up, He has also sponsored various New Projects as well. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. In 2013, he married his better half, Patti Xu, in the chapel. 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 was interviewed by Joy Huang, MBA '21, on February 9, 2021 as part of the View From The Top speake. They sold a total of 800,309 shares worth more than $63,347,607.21. About Tony Xu. [5] In 1989, his parents immigrated to Champaign, Illinois. Tony Xu says AB5 would have disastrous results if implemented. Ying Li - Wife; deceased. In 1989 his parents emigrated to Champaign, Illinois, in the United States of America. Raza . Tony Xu, also known as Xu Xun is an Entrepreneur. [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]. Changs China Bistro and Dunkin Donuts, while also championing corner restaurants like the one Xu grew up in. Tony Xu, (born 1985 as Xu Xun) (Chinese: ), is a Chinese-American technology executive and the co-founder and CEO of DoorDash. A year later, he decided he'd had enough of trying to teach his classmates and teachers how to pronounce his name. [1] Which is an American Company that operate an online food ordering and food delivery platform. Tony Xu. What is Tony Xu's Past Insider Trading? [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. Tony Xu CEO & Co-Founder. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. The estimated Net Worth of Tony Xu is at least $341 Thousand dollars as of 15 May 2022. He has a very business-oriented mindset and continues to make money using his knowledge and skillset. Tony Xu's largest sale order was 80,000 units, worth over . 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. Very difficult. Terrible insurance policies often prevent innovative new ideas from penetrating the food and beverage industry. 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. Then you can join our Facebook Group named Influencers Meet Brands. Most recently, Tony Xu sold 80,000 shares of the business's stock in a transaction on Tuesday, January 11th. Additionally, Mr. Xu receives an annual salary of $300,300.00 as CEO at DoorDash. The experience proved invaluable, as he later discussed with davidsnotes.substack.com. Tony Xu: Daily Routine. Learn More on Tony Xu's salary. It is a Platform where Influencers can meet up, Collaborate, Get Collaboration opportunities from Brands, and discuss common interests. [36], In May 2021, DoorDash was criticized for unauthorized listings of restaurants who had not given permission to appear on the app. Regardless of whats happening at work, he always makes sure to clear a space in his calendar on a Friday evening to enjoy a date night with his wife. Drivers then only directly received the part of the tip that exceeded the guaranteed minimum per order. [81][82], DoorDash partnered with the National Urban League in 2020 as part of its Main Street Strong program, which included a pledge of $200 million over five years to support restaurants during the coronavirus pandemic. The U.S. airline industry today consists of four huge carriers plus a host of lower-cost airlines. [24], Xu lives in San Francisco. [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. 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. 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. Hear the latest economic, business and market news, as well as global, national, and local news. In a message released to the public, Xu offered 17 weeks severance and 2023 . While the company has . His exact net worth is unknown. Price Range (last 24 months) None Reported. 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 . They couldnt deal with special events like a football game or Valentines Day.. He holds a B.S. 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. "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? What are the age, height, and weight of Tony Xu? Tony Xu is CEO/Co-Founder at DoorDash Inc. See Tony Xu's compensation, career history, education, & memberships. [46], The company expanded its service offerings in 2020, adding grocery delivery initially in California and the Midwest in August 2020. Xu met his co-founders at Stanford. 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. He came with his parents from Nanjing, China, in 1989, when he was five, with only $300 in their pockets, but unlimited . [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. Career. "As a recently IPOed company, DoorDash has failed to provide a governance . He is around35 years old [Not Confirmed] as of 2020. DoorDash CEO Tony Xu speaks with Emily Chang in the latest episode of Bloomberg's Studio 1.0 (Source: Bloomberg) 0. Read More . Cofounders Andy Fang and Stanley Tang, who Xu met while they were all studying at Stanford, own about 4% each. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. On 9th December 2020, his company launched IPO, which made him a billionaire at such an early age. His height is 1.69 m, and he weighs 72 kg. Xu, who was born in Nanjing, China, traveled to the United States of America with his family when he was five years old. Tony is followed by two additional co-founders. It would be the same household chore thats a bugbear for the rest of us. We started the company to really help small businesses, people like my mom, hes explained to vox.com. 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 . [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. [16] By March 2019, it had exceeded GrubHub in total sales, at 27.6% of the on-demand delivery market. 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. 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]. But are these incentives worth packing a moving van? History. In 2013, Xu helped found DoorDash with Stanford classmates Andy Fang, Evan Moore and Stanley Tang. Join Facebook to connect with Tony Xu and others you may know. 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. Also, we have no information about his son and daughter. Across America, smaller cities and less-populated states are offering cash and perks to lure remote workers away from big metropolitan areas. Learn More on DoorDash's active insiders. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. Tony Xu (I) Tony Xu. For most establishments, the costs of delivering food from their door to the customers made it unviable. He was appointed board chair in November 2020. But we are sure that it is not available and his spouses name is not available. 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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.