[5][26], Xu enjoys running and used to participate in marathons. What is Tony Xu's Past Insider Trading? 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. It also generated $1 billion in losses last year. The accident took place near the city of Larissa as a passenger train collided head-on with a cargo train at high speed late on Tuesday night. Xu has stated that the eating activities of his foreign guardians, especially his mothers, influenced the making of DoorDash. Xu met his co-founders at Stanford. Xu has served as CEO of DoorDash since 2013 and was appointed the . Its less than 10 seconds watch it here. They purchased a total of 573,500 shares worth more than $49,963,096.52. "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? In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. [74], On May 4, 2019, DoorDash confirmed 4.9 million customers, delivery workers and merchants had sensitive information stolen via a data breach. DoorDash is America's largest food delivery service. Mr. Xu holds a B.S. Contact. 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. [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. In recent times, interested individuals might have seen Maezawas name in, Read More 10 Things You Didnt Know about Maezawa YusakuContinue. [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. She later opened needle therapy and wellness centers in Champaign and the San Francisco Bay Area. We started the company to really help small businesses, people like my mom, hes explained to vox.com. Spoken Languages. BIOGRAPHY/Wiki. 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? [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. Since. They are in relation from previous few years of a strong relationship. In 2013, Xu accepted his four-year college degree in modern design and activity research from the University of California, Berkeley, and his graduate degree in business organization from Stanford Universitys Graduate School of Business. DoorDash had its IPO in December 2020[2][3] making Xu's net worth an estimated $2.8 billion as of April 2021. 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. Tony Xu Sales Manager- Shanghai PYTES Energy Co., Ltd. . This site uses Akismet to reduce spam. Tony Xu, CEO of DoorDash, is the Business Times' 2021 Executive of the Year. 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. NPR. [14] In the summer of 2013, it received $120,000 in seed money from Y Combinator in exchange for a 7% stake. DoorDash can also be reached via phone at 650-487-3970 and via email at [emailprotected] Learn More on Tony Xu's contact information. The mothers name is Not Available. Recurring Shark. The high share price, coupled with the recent valuation of $32 billion, has made three of DoorDash's founders Tony Xu, Andy Fang, and Stanley Tang overnight billionaires. Born in Nanjing, China, Xu came to America with his parents and grew up working . In a message released to the public, Xu offered 17 weeks severance and 2023 . Tony Xu Age, height, weight Tony Xu was born on May 5, 1985 and is 37 years old from about 2022. Twitter View on Twitter. [13][15], In December 2018, DoorDash overtook Uber Eats to hold the second position in total US food delivery sales, behind GrubHub. The Wall Street Journal [2] 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. They sold a total of 800,309 shares worth more than $63,347,607.21. 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 . Shark Biography. We have no information about his girlfriend/boyfriend. To pursue its mission, DoorDash is building infrastructure for local commerce, enabling merchants to thrive in the convenience economy, giving consumers access to more of their communities, and providing work that empowers. It was really hard for a small business to know how many drivers they need. It was a different license, and we only had $250 in the bank, so we couldnt put her through school. There are 6 older executives and no younger executives at DoorDash. [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 says AB5 would have disastrous results if implemented. Cofounders Andy Fang and Stanley Tang, who Xu met while they were all studying at Stanford, own about 4% each. 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). 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. [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. DoorDash Inc. is an American on-demand prepared food delivery service. Wiki, Biography, Age, Spouse, Net Worth, Fast Facts. [77], In 2017, a class action lawsuit was filed against DoorDash for allegedly misclassifying delivery drivers in California and Massachusetts as independent contractors. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Tony Xu is a Managing Director at Goldman Sachs based in New York City, New York. Xu was born in Nanjing, situated in China. Xu was born in the Chinese city of Nanjing on May 5, 1985. Experience. Tony Xu (I) Tony Xu. Even more astonishingly, hes still only 35 years old. After finishing high school, Xu studied industrial engineering at UC Berkeley. He is also the CEO of a travel company called Hopper. Chart Data in Insider Trading History Table. The result was DoorDash, a company thats grown from tiny beginnings into the USs leading third-party food delivery provider. About Tony Xu. As of 2023, the estimated net worth of Tony Xu ranges between 1.5-2.5 billion USD. Back in 2013, Tony Xu was looking into ideas for a business school project when he hit on a problem affecting most restaurants: delivery. Before Starting DoorDash, Tony has worked in a few prominent companies like Product at Squareand McKinsey and Company. Title. [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. 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Learn More about Tony Xu's net worth. Also, we have no idea about his brother and sister, and we dont know their names either. He owns 4.6% plus options. Tony Xu is one of our co-founders and has served as our Chief Executive Officer and as one of our directors since May 2013. He was appointed board chair in November 2020. [4] He and his wife Patti are signatories to the Giving Pledge. 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. Starting with restaurants, DoorDash is building the infrastructure and logistics platform to allow any local merchant to deliver. History. 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. But later he immigrated to the United States with his parents when he was five years old. [62][63] The case was referred to arbitration in August 2020. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. It is a Platform where Influencers can meet up, Collaborate, Get Collaboration opportunities from Brands, and discuss common interests. [75], In July 2021, DoorDash drivers went on strike to protest lack of tip transparency and to ask for higher pay. [80] As of September 2021, Project DASH operated in more than 900 cities and had delivered more than 15 million meals. Xu appreciates running and has recently competed in endurance races. . 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. Prior to co-founding DoorDash. Exp Realty. [11][12][13], In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. 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]. The corporate mailing address for Mr. Xu and other DoorDash executives is , , . His height is 1.69 m, and he weighs 72 kg. Born in Nanjing, China, Xu moved with his family to America at the age of five. We connect brands with social media talent to create quality sponsored content. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. Find out more as we take you through ten things you didn't know about Tony Xu. "[77] DoorDash and GrubHub denied the suit's merits. 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, which employs about 350 people, is based in San Francisco. Difficult. Portfolio - The Vancouver Sun; Portfolio - MEC; Contact; Main; Bio; Portfolio; Portfolio - The Vancouver Sun; Portfolio - MEC [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. [40], DoorDash began expanding into international markets in 2015, launching in Toronto, Canada. 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. Getting to where he is currently was not a walk in the park. 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. November 12, 2018. 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