Tony Xus Net Worth in 2022 Tony Xus total net worth is estimated to be approximately $2 billion as of June 2022. [5][26], Xu enjoys running and used to participate in marathons. [64] Under pressure, the company revised its policy. 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. It is currently telecast on Singapore's free-to-air channel, MediaCorp Channel 8.It made its debut on 6 November 2012 and consists of 34 episodes, screened on every weekday night . [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. Tony Xu is focused on DoorDash's long-term vision. [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. Xu, who was born in Nanjing, China, traveled to the United States of America with his family when he was five years old. In 2013, he married his wife, Patti Xu, in church. Liked by Tony Xu. Ill usually go to the Marin Headlands or somewhere in nature. After graduating, he spent several years working in tech with the likes of McKinsey and eBay. Find out more as we take you through ten things you didnt know about Tony Xu. [18] It maintained that market position in 2019. Tony Xu, also known as Xu Xun is an Entrepreneur. DoorDash CEO, Tony Xu, considers recruiting to be one of his "superpowers." Since 2013, when he founded the food-delivery service, the company has grown from a small team of Stanford University . Shark Biography. Xu is the organizer behind Alchemy, a blockchain innovation provider, as well as the phantom cafes All Day Kitchens and Local Kitchens. We have no more Information about his Father; we will try to collect information and update soon. His family moved to USA in 1980s and his mother also started a Chinese Restaurant. [39], In late November 2022, DoorDash announced plans to layoff 1,250 corporate employees, or about six percent of their workforce. The mothers name is Not Available. [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. It is a Platform where Influencers can meet up, Collaborate, Get Collaboration opportunities from Brands, and discuss common interests. A year later, he decided he'd had enough of trying to teach his classmates and teachers how to pronounce his name. Xu keeps his position as CEO and claims about 5% of the organization. Tony Xu. We have no more Information about his Father; we will try to collect information and update soon. 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. He was caught after one too many 'exploratory' trips into K&O servers, and spent time in a detention center as a result. [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. Tony Xu is married and his wife is named Patti. 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. [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]. Facebook gives people the power to share and. "Full Q&A: DoorDash CEO Tony Xu and COO Christopher Payne on Recode Decode". DoorDash launched in Palo Alto and, as of May 2019, had expanded to more than 4,000 cities and offered a 340,000 selection of stores across the US and Canada. [28] That month, DoorDash became the fastest growing food delivery service. 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 . While the company has . Meta today announced that Tony Xu, co-founder and CEO of DoorDash, Inc., has been elected to the company's board of directors, effective immediately. This was to rein in expenses. In the last year, insiders at the sold shares 40 times. But we are sure that it is not available and his spouses name is not available. Xu appreciates running and has recently competed in endurance races. Learn More about insider trades at DoorDash. But it's too early to write off Klarna. His mothers 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 doctorate degree. He and his co-founders started DoorDash to help local businesses like that restaurant succeed. Tony Xu: Daily Routine. 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. Get notified the next time Tony Xu buys or sells DoorDash stock. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. On this Wikipedia the language links are at the top of the page across from the article title. 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 . CEO Tony Xu told employees that 1,250 corporate workers would be let go as part of a broader cost-cutting initiative. (Podcast). That is, Read More 10 Things You Didnt Know about Anand SambasivanContinue, Aamir Baig is the CEO of Article. [42][43] In 2021, the company expanded its service area to Sendai, Japan in June[44] and Stuttgart, Germany in November. She later opened acupuncture and medical clinics in Champaign and the San Francisco Bay Area. Portfolio - The Vancouver Sun; Portfolio - MEC; Contact; Main; Bio; Portfolio; Portfolio - The Vancouver Sun; Portfolio - MEC 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. Xu has said his immigrant parents, and especially his mother's restaurant work, helped inspire DoorDash. [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. [4] He and his wife Patti are signatories to the Giving Pledge. He is Chinese by Nationality. 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. 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 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. Born in Nanjing, China, Xu came to America with his parents and grew up working . The guest shark Tony Xu is a Chinese-American billionaire and a businessman, who was born in 1983. Frederic Lalonde is a North American businessman and entrepreneur. L-R: Stanley Tang, Tony Xu, and Andy Fang; Missing: Evan Moore. On December 9, 2020, the company became a public company via an initial public offering, raising $3.37 billion. One needs to be proactive before making investment decisions to avoid making a wrong decision. Exp Realty. Tony Xu Biography. As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. [76][8], In August 2021, the city of Chicago sued DoorDash and GrubHub. Email. [9], In 2018, DoorDash launched Project DASH, a partnership with local food security organizations to deliver donations to those in need. Later, he pursued an MBA from the Stanford Graduate School of Business. 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. Raza . Unfortunately, her medical license wasnt recognized in the US and she was forced to give up her career to work in a restaurant instead. Difficult. Twitter View on Twitter. Pulling on a pair of sneakers and hitting the pavements. However, Forbes has estimated his net worth to be approximately $1.9 billion. As the CEO of DoorDash, Inc., Mr. Xu earned a total compensation package of $300,297.00 in 2021. His ethnicity is Asian. As a first-generation American who grew up working in his moms restaurant, Tony started DoorDash to help small business owners succeed. I run in the mornings two or three times during the week, and both days on the weekend, he tells sequoiacap.com. He joined Invisible to gain personal protection while continuing his research. He started DoorDash to help small . + Add or change photo on IMDbPro . Stern, Joanna (December 13, 2019). Tony Xu is a remarkable finance manager who has made extraordinary strides in his profession. This explains why I feel so lucky doing what I do every day.. 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. Xu was born in the Chinese city of Nanjing on May 5, 1985. Back in 2013, Tony Xu was looking into ideas for a business school project when he hit on a problem affecting most restaurants: delivery. And it was fortunate he did while studying at the university, he met and made friends with Andy Fang, Stanley Tang and Evan Moore. History. Initially, Tony along with his classmates started with an Idea of food-delivery app which will help small business owners. 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. Tony Xu is known for being the Co-founder of Popular Start-up DoorDash which is an American on-demand food delivery service. But we are trying hard to collect all the information about him and will update you soon. Also, we have no idea about his brother and sister, and we dont know their names either. If you know some information, please comment below. 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. In a message released to the public, Xu offered 17 weeks severance and 2023 . 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 . Johnson, Eric (January 9, 2019). Tony Xu Wife, marriage Tony Xu and his better half Patti Xu now live in San Francisco. Its a company that focuses on direct to consumer delivery of modern furniture that is reasonably priced in original designs. Master of Business Administration, Stanford Graduate School of Business; Bachelor of Arts/Science, University of California, Berkeley. In 2021, Xu and his wife signed the Giving Pledge. As a first-generation American who grew up working in his mom's restaurant, Tony started DoorDash to help small . DoorDash's initial public offering in 2020, which Xu has been credited for leading,[12] made him a billionaire at the age of 36. Tony Xu's Phone Number and Email Last Update. Pronunciation of Tony Xu with 1 audio pronunciations. It would be the same household chore thats a bugbear for the rest of us. Tony Xu is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. Xu Shang-Chi - Son. [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. What is Tony Xu's Past Insider Trading? Dr. Tony Xu was a brilliant researcher who rose to prominence at the University of Hong Kong. DoorDashs first stock sale, which Xu was credited with driving, made him a tycoon at age 36. [1][7] Initially, he and other DoorDash employees completed food deliveries. The Estimated Net worth is $80K USD $85k. [37] The company was sued by Lona's Lil Eats in St. Louis, with the lawsuit claiming that DoorDash had listed them without permission, then prevented any orders to the restaurant from going through and redirecting customers to other restaurants instead, because Lona's was "too far away," when in reality it had not paid DoorDash a fee for listing. DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. [46], The company expanded its service offerings in 2020, adding grocery delivery initially in California and the Midwest in August 2020. 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. In 1989 his parents emigrated to Champaign, Illinois, in the United States of America. [41] The company started operating in markets outside North America in 2019, officially launching in Melbourne, Australia, in September and later expanding further into the country. Tony Chiu-Wai Leung. Earlier in his career, Xu interned at Square, Inc., and worked for McKinsey & Company, eBay, and PayPal. . Born prematurely in Nanjing, China, his parents decided to name him "Xun . The corporate mailing address for Mr. Xu and other DoorDash executives is , , . Jan. 12, 2018 11 AM PT. Xu has crammed a lot into an incredibly short space of time. The partnership with the NUL includes $12 million in funding to assist drivers of color in building job skills and financial literacy. Actor: In the Mood for Love. So, she had to work three different jobs, one of which was at a restaurant, to save up enough money to open up a medical clinic, which she did after 12 years, and she now still runs in her 19th year. 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. Recurring Shark. We started the company to really help small businesses, people like my mom, hes explained to vox.com. He hails from Nanjing, China. He came with his parents from Nanjing, China, in 1989, when he was five, with only $300 in their pockets, but unlimited . 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. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. PALO ALTO, U.S. -- Tony Xu, co-founder and CEO of U.S. food delivery giant DoorDash, has always had a need for speed. Julie Cao, his mothers 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 degree. Join Facebook to connect with Tony Xu and others you may know. Mr. Xu holds a B.S. January 11, 2022. Tony Xu (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. Born in Nanjing, China, Xu came to America with his parents and grew up working in a restaurant alongside his mom. Read More . Starting with restaurants, DoorDash is building the infrastructure and logistics platform to allow any local merchant to deliver. See full bio . The experience proved invaluable, as he later discussed with davidsnotes.substack.com. Now, his relationship is perfect. With a 5.2 percent interest in DoorDash, CEO Tony Xu is the company's largest shareholder. But in 2020, he was one of the highest paid CEOs in the Silicon Valley, making about 414 million USD in total compensation. [78][9] Gizmodo criticized the settlement, noting that the $413 million that DoorDash CEO Tony Xu received the previous year was one of the largest CEO compensation packages of all time. Occupation Xu started his career as an understudy at Square, Inc., a banking and money and automated installment startup startup, and later worked on business improvements for the online business application RedLaser. This site uses Akismet to reduce spam. He stands 1.69 m tall and weighs 72 kg. 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. 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