Find out more as we take you through ten things you didn't know about Tony Xu. DoorDash is focused on being the restaurant industrys last-mile solution and has grown into a $700 million leader in the on-demand space. [16][17][18], In January 2022, Tony Xu joined the board directors of Meta Platforms. Johnson, Eric (January 9, 2019). We have no more Information about his Father; we will try to collect information and update soon. He eventually settled on Tony after actor Tony Danza, who at the time was starring in Xus favorite TV show, Whos the Boss?. More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro. [17] By early 2019, DoorDash was the largest food delivery provider in the U.S., as measured by consumer spending. DoorDash exists today to empower those like my Mom who came here with a dream to make it on their own. Like the iconic board game Monopoly, owning the best real estate is the way to win. DoorDash CEO Tony Xu says drivers don't want to give up the flexibility afforded by their independent-contractor status. The couple, who met in church, share a two-year-old daughter named Olivia. [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. On this Wikipedia the language links are at the top of the page across from the article title. 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. He was photographed at Monster Pho in Oakland. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. Get notified the next time Tony Xu buys or sells DoorDash stock. It was really hard for a small business to know how many drivers they need. But later he immigrated to the United States with his parents when he was five years old. [45] In June 2022, the company expanded into the Wellington Region of New Zealand. [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. Ying Li - Wife; deceased. [38], In August 2022, DoorDash announced it would end its partnership with Walmart in September, ending the companies' cooperation agreement from 2018. Not much is known about his family and his personal Life. [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. He describes himself as an avid basketball fan and attributes his ability to learn English to the game and the media. [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. His mother was the inspiration for DoorDash, 6. In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. [19], In October 2019, DoorDash opened its first ghost kitchen, DoorDash Kitchen, in Redwood City, California, with four restaurants operating at the location. He hails from Nanjing, China. Easy. 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. Xu, who was born in Nanjing, China, traveled to the United States of America with his family when he was five years old. DoorDash can also be reached via phone at 650-487-3970 and via email at [emailprotected] Learn More on Tony Xu's contact information. Raza . Tony Xu Biography. Facebook gives people the power to share and. (Podcast). [5] In 1989, his parents immigrated to Champaign, Illinois. Tony Xu Biography. 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. 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. [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]. Xu Xialing - Daughter. The most recent insider tranaction occured on February, 23rd when Director Stanley J Meresman sold 15,000 shares worth more than $865,050.00. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. 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. The shares were sold at an average price of $141.90, for a transaction totalling $11,352,000.00. Learn More on DoorDash's active insiders. Tony Xu hasn't provided a bio yet. 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. In February 2021, 55% of DoorDash's drivers were women. They have two children together. Being the CEO of a multi-billion dollar company is a huge achievement for any financial specialist. His date of birth is 1985. Tony Xu. About Tony Xu. Why? DoorDash is America's largest food delivery service. [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. She later opened acupuncture and medical clinics in Champaign and the San Francisco Bay Area. 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. 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. Rate the pronunciation difficulty of Tony Xu. + Add or change photo on IMDbPro . See full bio . [21][22][23][24], By June 2020, DoorDash had raised more than $2.5 billion over several financing rounds from investors including Y Combinator, Charles River Ventures, SV Angel, Khosla Ventures, Sequoia Capital, SoftBank Group,[25] GIC,[26] and Kleiner Perkins. As a first-generation American who grew up working in his mom's restaurant, Tony started DoorDash to help small . Others named Tony Xu. As of 2020, it holds the largest market share in the USA. 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. [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'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]. Changs China Bistro and Dunkin Donuts, while also championing corner restaurants like the one Xu grew up in. Xu has said his immigrant parents, and especially his mother's restaurant work, helped inspire DoorDash. As the CEO of DoorDash, Inc., Mr. Xu earned a total compensation package of $300,297.00 in 2021. 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. 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. [14] In the summer of 2013, it received $120,000 in seed money from Y Combinator in exchange for a 7% stake. Last week, Murdaugh took the witness stand to deny he was the one to pull the trigger. [4] He and his wife Patti are signatories to the Giving Pledge. 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. DoorDash CEO Tony Xu and co-founders Andy Fang and Stanley Tang have joined the billionaires club. Fighting for the underdog is part of who I am and what we stand for as a company. So, whats his favorite way to clear his mind? The food delivery platform's initial public offering pushed Xu's net worth to approximately $3.1 . Too much a liability for any self-respecting University, Xu was unemployable upon release. Tony Xu (DoorDash CEO) Wiki, Biography, Age, Family, Facts and More, Andrew Carnegie Wiki, Biography, Net Worth, Age, Family, Facts and More. Name. [77], In 2017, a class action lawsuit was filed against DoorDash for allegedly misclassifying delivery drivers in California and Massachusetts as independent contractors. Tony Xu, the creator of Doordash, is a multibillionaire Chinese-American businessman who was born in 1983. But it's too early to write off Klarna. Tony Xu CEO and Co-founder at DoorDash Stanford, CA. His Girlfriend/boyfriends name is Not Available. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. Xu is the CEO. 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. His exact net worth is unknown. We have no more Information about his Father; we will try to collect information and update soon. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. He holds a B.S. Born in Nanjing, China, Xu came to America with his parents and grew up working in a restaurant alongside his mom. 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. His testimony, including admissions that he stole money, is likely to hurt him in future trials. [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. This chart shows Tony Xu's buying and selling at DoorDash by year and by quarter. 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. "Our new Managing Directors represent the best of our firm's dedication to excellence, leadership and client service, and . Tony Xu Owner at Tony Xu & Associates Inc. Diamond Bar, CA. Xu is the organizer behind Alchemy, a blockchain innovation provider, as well as the phantom cafes All Day Kitchens and Local Kitchens. This was to rein in expenses. [6], DoorDash has been criticized and sued for withholding tips, reducing tip transparency, antitrust price manipulation, listing restaurants without permission, and allegedly misclassifying workers. 9 months. He was caught after one too many 'exploratory' trips into K&O servers, and spent time in a detention center as a result. If customers tip over a set amount for the order total, Doordash hides a portion of the tip until the delivery is complete. Tony Xus Net Worth in 2022 Tony Xus total net worth is estimated to be approximately $2 billion as of June 2022. 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 . Tony Xu Net Worth - DoorDash CEO Salary. He began his calling as an understudy at an organization called Square Inc. Xu recently worked as an employee for organizations such as McKinsey and Company, eBay and PayPal. Read More . in Industrial Engineering and Operations Research from the University of California, Berkeley and an M.B.A. from the Stanford Graduate School of Business. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. [36], In May 2021, DoorDash was criticized for unauthorized listings of restaurants who had not given permission to appear on the app. He has voting rights over all Class B resources, giving Xu 69% democratic command over DoorDash as of December 2020. Since. What is Tony Xu's Past Insider Trading? 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. January 31, 2021. When DoorDash went public in early 2021, its valuation soared to US$32 billion. [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. Provided a bio yet 32 billion Xu was unemployable upon release too early to write off Klarna and at! 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