Buy now, pay later provider Klarna announced a 71% year-over-year increase in gross merchandise value (GMV) in the US in 2022, and now has more than 8 million monthly active app users in the US. Born in Nanjing, China, Xu came to America with his parents and grew up working in a restaurant alongside his mom. He was included in Fortune's "40 Under 40" list in 2020. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California. 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. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. Xu was born in Nanjing, situated in China. The Mandarin is just one of the . Back in 2018, Xu took part in a question/ answer session at Quora (https://www.quora.com/profile/Tony-Xu). [5] In 1989, his parents immigrated to Champaign, Illinois. Tony Xu, MBA '13, is the cofounder and CEO of DoorDash. As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. 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. What is Tony Xu's Past Insider Trading? Its a company that focuses on direct to consumer delivery of modern furniture that is reasonably priced in original designs. 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]. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce. Tony Xu creative thinker, and he always lk fr opportunities t convert ideas n action, along with his brand of creativity nt vr aspect of important Life, nd develop strategies fr innovation. Pronunciation of Tony Xu with 1 audio pronunciations. DoorDash is America's largest food delivery service. His mother, Julie Cao, was[6] previously a doctor in China. Twitter View on Twitter. Tony is followed by two additional co-founders. . Humbled and honored to have won the CTO of the year at the 2022 Digital Masters Awards. Getting to where he is currently was not a walk in the park. 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. 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]. 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. Tony Xu, also known as Xu Xun is an Entrepreneur. [7][60][61][62] Drivers receive a guaranteed minimum per order that is paid by DoorDash by default. It just means a really, really high standard. His real name is Xu Xun. Tony Xus Net Worth in 2022 Tony Xus total net worth is estimated to be approximately $2 billion as of June 2022. We have no more information about his spouse. He has voting rights over all Class B resources, giving Xu 69% democratic command over DoorDash as of December 2020. Email. Tyson Chandler Wiki, Age, Bio, Height, Wife, Career, and Net Worth, Reed Robertson Wiki, Age, Bio, Height, Wife, Career, and Net Worth, Tony Xu Wiki, Age, Bio, Height, Wife, Career, and Net Worth, Wiki, Bio, Age,Family, Siblings, Childhood & Education, Tony Xus Height, Weight & Body Measurement, Lela Ceterova Wiki, Age, Bio, Height, Boyfriend, Career, and Net Worth, Journee Nelson Wiki, Age, Bio, Height, Boyfriend, Career, and Net Worth, Famous Dex Wiki, Age, Bio, Height, Girlfriend, Career, and Net Worth, Lynda Baron Wiki, Age, Bio, Height, Husband, Career, and Net Worth, Jack Johnson Wiki, Age, Bio, Height, Wife, Career, and Net Worth. Tony has 2 jobs listed on their profile. November 12, 2018. [28] That month, DoorDash became the fastest growing food delivery service. 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. The couple, who met in church, share a two-year-old daughter named Olivia. The highest earning executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who commands a salary of $350,930.00 per year. DoorDash grew out of their conversations with merchants, asking what hurdles they faced in growing their own businesses. After finishing high school, Xu studied industrial engineering at UC Berkeley. But we are trying hard to collect all the information about him and will update you soon. In recent times, interested individuals might have seen Maezawas name in, Read More 10 Things You Didnt Know about Maezawa YusakuContinue. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. [14] In the summer of 2013, it received $120,000 in seed money from Y Combinator in exchange for a 7% stake. Xu married his wife Patti shortly after launching DoorDash. [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. 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. It was a different license, and we only had $250 in the bank, so we couldnt put her through school. The IPO of DoorDash in 2020 increased Tonys net worth to this level. Tony received a Bachelor of Arts degree from Amherst College and a Master of Business Administration from MIT Sloan. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. 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. One needs to be proactive before making investment decisions to avoid making a wrong decision. Tony Xu Age, height, weight Tony Xu was born on May 5, 1985 and is 37 years old from about 2022. Editor's note: Last . DoorDash exists today to empower those like my Mom who came here with a dream to make it on their own. [3], With a 56% market share, DoorDash is the largest food delivery company in the United States. We connect brands with social media talent to create quality sponsored content. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer of DoorDash. His exact net worth is unknown. [9], In 2018, DoorDash launched Project DASH, a partnership with local food security organizations to deliver donations to those in need. He has a very business-oriented mindset and continues to make money using his knowledge and skillset. But later he immigrated to the United States with his parents when he was five years old. [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. California DoorDash workers protested outside of the home of DoorDash CEO Tony Xu on Thursday, prompted by a recent California superior court judge ruling calling 2020's Proposition 22 . [76][8], In August 2021, the city of Chicago sued DoorDash and GrubHub. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Ill usually go to the Marin Headlands or somewhere in nature. Jan. 12, 2018 11 AM PT. Leadership is all about finding the best talent and making an. Without future ado, let's learn more about Tony Xu. His mother's 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 . He was appointed board chair in November 2020. 9 months. Tony Xu CEO & Co-Founder. Tony Xu at Bloomberg News "DoorDash: Tony Xu". Xu has said his immigrant parents, and especially his mother's restaurant work, helped inspire DoorDash. He owns 4.6% plus options. Tony Xu is known for Entrapment (1999), Spy Game (2001) and On Dangerous Ground (1996). Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. [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. Tony Xu Biography and Net Worth. Tony Xu CEO and Co-founder at DoorDash Stanford, CA. So, naturally enough, he decided to change it. He was named to Fortunes 40 Under 40 rundown in 2020. He hails from Nanjing, China. 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. Tony Xu (DoorDash CEO) Wiki, Biography, Age, Family, Facts and More, Andrew Carnegie Wiki, Biography, Net Worth, Age, Family, Facts and More. Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. 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. They purchased a total of 573,500 shares worth more than $49,963,096.52. Growing up, his mom worked as a server at a Chinese restaurant. Among the questions asked was an inquiry into what advice hed offer young entrepreneurs looking to begin their own startups. Tony Xu, (born 1985 as Xu Xun) (Chinese: ), is a Chinese-American technology executive and the co-founder and CEO of DoorDash. [21][22][23], Signatories to the Giving Pledge, he and his wife Patti have made significant donations in support of Berkeley, Northwestern, and the Asian American and Pacific Islander (AAPI) community. Tony Xu returned to the governing body of Meta Platforms in January 2022. Stern, Joanna (December 13, 2019). Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. January 31, 2021. He and his co-founders started DoorDash to help local businesses like that restaurant succeed. The food delivery platform's initial public offering pushed Xu's net worth to approximately $3.1 . This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. Too much a liability for any self-respecting University, Xu was unemployable upon release. In 2013, Xu helped found DoorDash with Stanford classmates Andy Fang, Evan Moore and Stanley Tang. [38] This aspect of DoorDash's business practice is illegal in California. [75], In July 2021, DoorDash drivers went on strike to protest lack of tip transparency and to ask for higher pay. BREAKING: Tiny biotech successfully treats blindness. 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? Xu was born in China but moved to the US with his family when he was 4. Discover the habits and routines of 50 of the world's most successful people with our latest ebook, Daily Routines. [5][26], Xu enjoys running and used to participate in marathons. 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 . He earned degrees from the University of California, Berkeley and Stanford University 's Graduate School . Learn More about Tony Xu's net worth. With a 5.2 percent interest in DoorDash, CEO Tony Xu is the company's largest shareholder. 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 . The One Ticker Retirement Plan Over the Shoulder Demo Now Available, Market Wizard Larry Benedict crushed the market in 2022. Tony worked in Product at Square, led special projects for the CEO and CFO at eBay, and began his career at McKinsey and Company. (1 Vote) Very easy. Matthew Lorber (Entrepreneur) Wiki, Biography, Age, Girlfriend, Family, Facts, and Many More. The company also said it had changed the default drop-off option to contactless delivery. DoorDash had its IPO in December 2020[2][3] making Xu's net worth an estimated $2.8 billion as of April 2021. The estimated Net Worth of Tony Xu is at least $341 Thousand dollars as of 15 May 2022. Contact. [11][12][13], In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. Fill out the form or send an email to tonyxujournalism@gmail.comtonyxujournalism@gmail.com Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. Tony Xu hasn't provided a bio yet. Xu has served as CEO of DoorDash since 2013 and was appointed the . [13][14], In 2020, Xu was included in Fortune's "40 Under 40" list. Xu Shang-Chi - Son. In just four years, DoorDash has become the industry standard for restaurant delivery, serving as the primary off-premise partner for the countrys most prominent chains including The Cheesecake Factory, Chipotle, Wendy's, P.F. 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