Tony Xu's largest purchase order was 121,895 units, worth over $315.97K on September 16, 2021. Cofounders Andy Fang and Stanley Tang, who Xu met while they . DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. Tony Xu. In 2012, this meeting was the predecessor of the transport organization PaloAltoDelivery.com. As a first-generation American who grew up working in his mom's restaurant, Tony started DoorDash to help small business owners succeed. CEO Tony Xu told employees that 1,250 corporate workers would be let go as part of a broader cost-cutting initiative. + Add or change photo on IMDbPro . They purchased a total of 573,500 shares worth more than $49,963,096.52. He owns 4.6% plus options. Back in 2018, Xu took part in a question/ answer session at Quora (https://www.quora.com/profile/Tony-Xu). Get notified the next time Tony Xu buys or sells DoorDash stock. DoorDash CEO Tony Xu and co-founders Andy Fang and Stanley Tang have joined the billionaires club. [24], Xu lives in San Francisco. Contact. Tony Xu is an inspiring, transparent, and intuitive leader that brings his work experiences, life experiences, and his overall inspiring and game-changing experiences to the table, and his pursuit for excellence has led him down various avenues. The project presents another step towards the reality of digital clothing interoperability across the metaverse. He has voting rights over all Class B resources, giving Xu 69% democratic command over DoorDash as of December 2020. [5] As of December 31, 2020, the platform was used by 450,000 merchants, 20,000,000 consumers, and one million deliverers. They have two children together. He holds a B.S. Johnson, Eric (January 9, 2019). Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. He is known for being the co-founder and chief executive officer (CEO) of his company DoorDash. Moderate. It went public in December 2020 on NYSE and trades under the symbol DASH. He changed his name when he was five. My least favorite thing to do is the laundry, he tells lifehacker.com. He has an extremely effective life both in family and profession. 2 /5. However, Forbes has estimated his net worth to be approximately $1.9 billion. He was named to Fortunes 40 Under 40 rundown in 2020. View Tony Xu's profile on LinkedIn, the world's largest professional community. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. DoorDash's fourth co-founder, however, is largely overlooked. [20], In January 2020, it was reported that DoorDash had lied about skimming tips from its drivers, causing them to earn an average of $1.45 an hour after expenses, and that after the company had allegedly overhauled its tipping system, DoorDash was still manipulating per-delivery payouts at the expense of drivers. Born in Nanjing, China, Xu came to America with his parents and grew up working in a restaurant alongside his mom. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. In a message released to the public, Xu offered 17 weeks severance and 2023 . [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. To get the insight scoop, Xu decided to take a job as a delivery driver with Dominos Pizza. The only reason I have clean clothes is that I trade chores with my wife: I do the dishes, and she does the laundry.. 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. Career. 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 . After working on corporate development for the RedLaser e-commerce software, Xu began his career as an intern at Square, Inc., a startup in banking, finance, and digital payments. Actor. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. Born in Nanjing, China, Xu moved with his family to America at the age of five. Recode. This net worth approximation does not reflect any other investments that Mr. Xu may own. 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. His mother was the inspiration for DoorDash, 6. 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. It helps me regulate my mind and body, which I think is why the habit stuck. 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. [62][63] The case was referred to arbitration in August 2020. [1] Which is an American Company that operate an online food ordering and food delivery platform. Tony has 2 jobs listed on their profile. Initially, he and other DoorDash employees were transporting food. [16] By March 2019, it had exceeded GrubHub in total sales, at 27.6% of the on-demand delivery market. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. 1. We learned a couple of interesting observations, he said. He stands 1.69 m tall and weighs 72 kg. [17] By early 2019, DoorDash was the largest food delivery provider in the U.S., as measured by consumer spending. Prior to co-founding DoorDash. The company is based in San Francisco, California. Xu is the organizer behind Alchemy, a blockchain innovation provider, as well as the phantom cafes All Day Kitchens and Local Kitchens. jQuery(document).ready(function($) { Spoken Languages. [74], On May 4, 2019, DoorDash confirmed 4.9 million customers, delivery workers and merchants had sensitive information stolen via a data breach. [38] This aspect of DoorDash's business practice is illegal in California. Xu enjoys running and has previously competed in marathons. Facebook gives people the power to share and. His height is 1.69 m, and he weighs 72 kg. On this Wikipedia the language links are at the top of the page across from the article title. As a first-generation American who grew up working in his moms restaurant, Tony started DoorDash to help small business owners succeed. It would be the same household chore thats a bugbear for the rest of us. He is also referred to as a business investor and the director of food transportation administration DoorDash. The Mandarin is just one of the . This was to rein in expenses. Tony Xu, DoorDash. In 2021, Tony Xu earned a modest annual compensation of around 300,000 USD. [11][12][13], In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. Born in China, Tony came to America with his parents and grew up working in his mom's restaurant. Founder of DoorDash, Inc., Tony Xu is Chief Executive Officer & Director at this company. 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. 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. Tony Xu CEO & Co-Founder. 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. Find out more as we take you through ten things you didnt know about Tony Xu. About Tony Xu. It just means a really, really high standard. [75], In July 2021, DoorDash drivers went on strike to protest lack of tip transparency and to ask for higher pay. On this Wikipedia the language links are at the top of the page across from the article title. 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. He eventually settled on Tony after actor Tony Danza, who at the time was starring in Xus favorite TV show, Whos the Boss?. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. 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. Current positions of Tony Xu. 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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. "In the Elevator With DoorDash CEO Tony Xu". Tony Xu's Phone Number and Email Last Update. This week, food delivery giant DoorDash went public, seeing its share price skyrocket to $189 within days. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. [39], In late November 2022, DoorDash announced plans to layoff 1,250 corporate employees, or about six percent of their workforce. (Podcast). Tony Xus fortune is estimated to be in the $2 billion range. Xu owns 4.6% of the delivery giant while cofounders Andy Fang, 28 . Xu is the CEO. DoorDash Inc. is an American on-demand prepared food delivery service. The most recent insider tranaction occured on February, 23rd when Director Stanley J Meresman sold 15,000 shares worth more than $865,050.00. 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. [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. Learn More on DoorDash's active insiders. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. U.S., as well as the phantom cafes all Day Kitchens and Local Kitchens was on... High standard LinkedIn, the world & # x27 ; s fourth co-founder, however, is 37 old! 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