Find out more as we take you through ten things you didn't know about Tony Xu. 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. Enter your email address below to get our daily insider buying and selling report. Actor: In the Mood for Love. [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. [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. Born in Nanjing, China, Xu came to America with his parents and grew up working . In 2013, he married his better half, Patti Xu, in the chapel. 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? The result was DoorDash, a company thats grown from tiny beginnings into the USs leading third-party food delivery provider. To get the insight scoop, Xu decided to take a job as a delivery driver with Dominos Pizza. [5] In 1989, his parents immigrated to Champaign, Illinois. Related by financial asset: DoorDash, Inc. On June 7, 2021, Alex Murdaugh called police to report that he had discovered the bodies of his wife and son. Cofounders Andy Fang and Stanley Tang, who Xu met while they . Xu married his wife Patti shortly after launching DoorDash. 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. We connect brands with social media talent to create quality sponsored content. Born prematurely in Nanjing, China, his parents decided to name him "Xun . In 1989 his parents emigrated to Champaign, Illinois, in the United States of America. Xu was born in the Chinese city of Nanjing on May 5, 1985. Tony Xu is a remarkable finance manager who has made extraordinary strides in his profession. As a first-generation American who grew up working in his moms restaurant, Tony started DoorDash to help small business owners succeed. Download it now on Amazon. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. He has voting rights over all Class B resources, giving Xu 69% democratic command over DoorDash as of December 2020. Editor's note: Last . DoorDash brings millions of meals from food banks to families via Project DASH, empowers underrepresented entrepreneurs through the Restaurant Accelerator and Accelerator for Local Goods, and provides work opportunities to millions of people, including Dashers. [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. NPR. [4] It also has a 60% market share in the convenience delivery category. Exp Realty. Later, he pursued an MBA from the Stanford Graduate School of Business. Too much a liability for any self-respecting University, Xu was unemployable upon release. Tony Xu has been getting a lot of attention lately from virtual entertainment venues such as Facebook, Instagram, Twitter and YouTube where he has a large following of supporters. Tony Leung Chiu Wai was born in Hong Kong on 27 June 1962. 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. DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. Very difficult. There are 6 older executives and no younger executives at DoorDash. Xu owns 4.6% of the delivery giant while cofounders Andy Fang, 28 . This chart shows Tony Xu's buying and selling at DoorDash by year and by quarter. On December 9, 2020, the company became a public company via an initial public offering, raising $3.37 billion. 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 was photographed at Monster Pho in Oakland. 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. It was really hard for a small business to know how many drivers they need. Tony Xu CEO & Co-Founder. She later opened acupuncture and medical clinics in Champaign and the San Francisco Bay Area. Tony Xu Tony Xu is the co-founder and CEO of DoorDash. His exact net worth is unknown. Mr Xu owns over 577 units of DoorDash Inc stock worth over $40,701 and over the last 2 years he sold DASH stock worth over $0. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. 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. Tony Xu #0781298. [4] He and his wife Patti are signatories to the Giving Pledge. They have two children together. Born in Nanjing, China, Xu moved with his family to America at the age of five. $.post('https://www.wikifamouspeople.com/wp-admin/admin-ajax.php', {action: 'mts_view_count', id: '533655'}); DoorDash had its IPO in December 2020[2][3] making Xu's net worth an estimated $2.8 billion as of April 2021. His Girlfriend/boyfriends name is Not Available. Meta Platforms, Inc. Tony Xu is known for Entrapment (1999), Spy Game (2001) and On Dangerous Ground (1996). Additionally, Mr. Xu receives an annual salary of $300,300.00 as CEO at DoorDash. Tony Xu, 33, is a co-founder and chief executive of the DoorDash on-demand food-delivery start-up. Getting to where he is currently was not a walk in the park. Tony Xu Sales Manager- Shanghai PYTES Energy Co., Ltd. . [39], In late November 2022, DoorDash announced plans to layoff 1,250 corporate employees, or about six percent of their workforce. Xu keeps his position as CEO and claims about 5% of the organization. Tony Xu says AB5 would have disastrous results if implemented. On 9th December 2020, his company launched IPO, which made him a billionaire at such an early age. [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. From . [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. On this Wikipedia the language links are at the top of the page across from the article title. In February 2021, 55% of DoorDash's drivers were women. founded by Stanford students Tony Xu, Stanley Tang, Andy Fang and Evan Moore. He owns 4.6% plus options. [76][8], In August 2021, the city of Chicago sued DoorDash and GrubHub. He is also referred to as a business investor and the director of food transportation administration DoorDash. Tony Xu (DoorDash CEO) Wiki, Biography, Age, Family, Facts and More, Andrew Carnegie Wiki, Biography, Net Worth, Age, Family, Facts and More. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. He is around 35 years old [Not Confirmed] as of 2020. Fighting for the underdog is part of who I am and what we stand for as a company. 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. 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. (1 Vote) Very easy. Xu has crammed a lot into an incredibly short space of time. DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. Truth be told, I find it hard to blame them. "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? He has an extremely effective life both in family and profession. But in 2020, he was one of the highest paid CEOs in the Silicon Valley, making about 414 million USD in total compensation. If you know some information, please comment below. . Starting with restaurants, DoorDash is building the infrastructure and logistics platform to allow any local merchant to deliver. Tony Xu Biography. Terrible insurance policies often prevent innovative new ideas from penetrating the food and beverage industry. Liked by Tony Xu. Shark Tank 's newest guest shark, DoorDash CEO Tony Xu, went from working in his mother's restaurant as a kid to co-founding a company that today is valued at more than $20 billion. Xu and his . He depicts himself as an avid ball fan and lets his ability to teach English to the game and the media. It just means a really, really high standard. Tony worked in Product at Square, led special projects for the CEO and CFO at eBay, and began his career at McKinsey and Company. One needs to be proactive before making investment decisions to avoid making a wrong decision. This net worth approximation does not reflect any other investments that Mr. Xu may own. This week, food delivery giant DoorDash went public, seeing its share price skyrocket to $189 within days. Tony Xu hasn't provided a bio yet. Tony Xu CEO and Co-founder at DoorDash Stanford, CA. Tony Xu's largest sale order was 80,000 units, worth over . The food delivery platform's initial public offering pushed Xu's net worth to approximately $3.1 . Learn More on DoorDash's active insiders. [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. In the last year, insiders at the sold shares 40 times. Later, he pursued an MBA from the Stanford Graduate School of Business. Spotting a gap in the market, Xu and his fellow Stanford classmates, Stanley Tang, Andy Fang, and Evan Moore, set out to fill it. Tony Xu returned to the governing body of Meta Platforms in January 2022. We have no more Information about his Father; we will try to collect information and update soon. We have no more information about his spouse. He changed his name when he was five. Initially, Tony along with his classmates started with an Idea of food-delivery app which will help small business owners. Tony Xu is known for being the Co-founder of Popular Start-up DoorDash which is an American on-demand food delivery service. View the profiles of people named Tony Xu. Fathers name is Not Available. "Full Q&A: DoorDash CEO Tony Xu and COO Christopher Payne on Recode Decode". Shark Biography. Tony Xu Biography. January 11, 2022. [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. "In the Elevator With DoorDash CEO Tony Xu". Before Starting DoorDash, Tony has worked in a few prominent companies like Product at Squareand McKinsey and Company. Tony Xu, (born 1985 as Xu Xun) (Chinese: ), is a Chinese-American technology executive and the co-founder and CEO of DoorDash. Jan. 12, 2018 11 AM PT. L-R: Stanley Tang, Tony Xu, and Andy Fang; Missing: Evan Moore. Ill usually go to the Marin Headlands or somewhere in nature. When a customer added a tip, instead of going directly to the driver, it first went to the company to cover the guaranteed minimum. 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 . Earlier in his career, Xu interned at Square, Inc., and worked for . jQuery(document).ready(function($) { Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. 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. This was to rein in expenses. Let's connect! Xu Shang-Chi - Son. 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. He started DoorDash to help small . 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. 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). [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. [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. 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