As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. Actor: In the Mood for Love. Find out more as we take you through ten things you didnt know about Tony Xu. 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. At the time of the strike, and as of June 2022, DoorDash did not allow drivers to see the full tip amounts prior to accepting a delivery in the app. The strike occurred after DoorDash rewrote its code to cut off access to Para, a third-party app that drivers had been using to see the full tip amounts. 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 . Born prematurely in Nanjing, China, his parents decided to name him "Xun . DoorDash. [10][70][71][72][73] Although several preliminary documents in the case have now been filed, a trial date has not yet been set. 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. The company also said it had changed the default drop-off option to contactless delivery. But we are trying hard to collect all the information about him and will update you soon. His family moved to USA in 1980s and his mother also started a Chinese Restaurant. 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Learn More on Tony Xu's age. That is, Read More 10 Things You Didnt Know about Anand SambasivanContinue, Aamir Baig is the CEO of Article. Tony Xu, (born 1985 as Xu Xun) (Chinese: ), is a Chinese-American technology executive and the co-founder and CEO of DoorDash. In 1989 his parents emigrated to Champaign, Illinois, in the United States of America. November 12, 2018. DoorDash CEO Tony Xu says drivers don't want to give up the flexibility afforded by their independent-contractor status. There are 6 older executives and no younger executives at DoorDash. Current positions of Tony Xu. + Add or change photo on IMDbPro . His Girlfriend/boyfriends name is Not Available. 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. This was to rein in expenses. [62][63], A DoorDash customer filed a class action lawsuit against the company for its "materially false and misleading" tipping policy. But later he immigrated to the United States with his parents when he was five years old. 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. Matthew Lorber (Entrepreneur) Wiki, Biography, Age, Girlfriend, Family, Facts, and Many More. For most establishments, the costs of delivering food from their door to the customers made it unviable. Tony Xu, also known as Xu Xun is an Entrepreneur. Xu Wenwu was the legendary leader of the Ten Rings, named after his ancient weapons. Stern, Joanna (December 13, 2019). He is Chinese by Nationality. He was named to Fortunes 40 Under 40 rundown in 2020. Learn how your comment data is processed. It is one of several technology companies.It uses logistics services to offer food deliveries from restaurants on-demand. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. View Tony Xu's profile on LinkedIn, the world's largest professional community. This net worth approximation does not reflect any other investments that Mr. Xu may own. His real name is Xu Xun. His motto is to have fun and no regrets, 8. Insiders at DoorDash own 12.1% of the company. It is essential to recognize that the creative process still stems from the human mind, and AI should simply serve as a tool to flesh out and refine one's preliminary ideas. The company began addressing the challenges of delivery from restaurants and has since expanded focus to include grocery, retail, beauty, alcohol, pet food, flowers and convenience. My least favorite thing to do is the laundry, he tells lifehacker.com. In addition, he makes $300,297 as Co-Founder and CEO & Chair at DoorDash Inc. Across America, smaller cities and less-populated states are offering cash and perks to lure remote workers away from big metropolitan areas. Contact. [38], In August 2022, DoorDash announced it would end its partnership with Walmart in September, ending the companies' cooperation agreement from 2018. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. L-R: Stanley Tang, Tony Xu, and Andy Fang; Missing: Evan Moore. The Mandarin is just one of the . Xu has said his immigrant parents, and especially his mother's restaurant work, helped inspire DoorDash. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. That kind of thing doesnt go unnoticed, as Xu himself learned when he earned a place on Fortunes prestigious 40 under 40, an annual round-up of the most influential people under the age of 40. [5] In 1989, his parents immigrated to Champaign, Illinois. Tony Xu. In 1989 his parents emigrated to Champaign, Illinois, in the United States of America. Mr. Xu owns 80,000 shares of DoorDash stock worth more than $4,372,800 as of February 28th. Fittingly, Tony Xu, now 35, would end up being "the boss" himself. Learn More on Tony Xu's trading history. [40], DoorDash began expanding into international markets in 2015, launching in Toronto, Canada. [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. 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. Tony Xu returned to the governing body of Meta Platforms in January 2022. But he hasnt done it with a traditional method. DoorDash had its IPO in December 2020[2][3] making Xu's net worth an estimated $2.8 billion as of April 2021. Portfolio - The Vancouver Sun; Portfolio - MEC; Contact; Main; Bio; Portfolio; Portfolio - The Vancouver Sun; Portfolio - MEC Xu, whose food-delivery startup DoorDash has been valued at $700 million, says his entrepreneurial mom, Julie Cao, emigrated from China to the United States, getting her first . Now, his relationship is perfect. 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. 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. CEO Tony Xu told employees that 1,250 corporate workers would be let go as part of a broader cost-cutting initiative. Xu began his career as an intern at Square, Inc., a banking and finance and digital payments startup, and later worked on corporate development for the RedLaser e-commerce app. DoorDash exists today to empower those like my Mom who came here with a dream to make it on their own. [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. Raza . DoorDash can also be reached via phone at 650-487-3970 and via email at [emailprotected] Learn More on Tony Xu's contact information. [7][60][61][62] Drivers receive a guaranteed minimum per order that is paid by DoorDash by default. January 11, 2022. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. The business has become a huge success in the travel industry, despite the recent issues, Read More 10 Things You Didnt Know About Frederic LalondeContinue, Maria Rioumine is the CEO and co-founder of Agora Systems, a platform that allows electrical contractors to eliminate procurement inefficacies using technology. It delivers meals and more from 390,000 restaurants and other merchants like CVS. Learn More on Tony Xu's contact information. His answer revealed the personal philosophy that drives his success. The couple, who met in church, share a two-year-old daughter named Olivia. He holds a B.S. Many retailers claim to be a lifestyle brand, but Tractor Supply has earned the title as it serves customers searching for the 'Life Out Here' lifestyle. [6], DoorDash has been criticized and sued for withholding tips, reducing tip transparency, antitrust price manipulation, listing restaurants without permission, and allegedly misclassifying workers. Pulling on a pair of sneakers and hitting the pavements. [16][17][18], In January 2022, Tony Xu joined the board directors of Meta Platforms. Tony Xu #0781298. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. [4] It also has a 60% market share in the convenience delivery category. [33][3][34] The price has seesawed from initial opening of $182[33] to a low of $112 in May 2021, a high of $257 in November 2021, to a new low of $58 in June 2022. Unfortunately, her medical license wasnt recognized in the US and she was forced to give up her career to work in a restaurant instead. 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. She later opened needle therapy and wellness centers in Champaign and the San Francisco Bay Area. He eventually settled on Tony after actor Tony Danza, who at the time was starring in Xus favorite TV show, Whos the Boss?. 0. In 2013, Xu helped found DoorDash with Stanford classmates Andy Fang, Evan Moore and Stanley Tang. Ruthless doesnt mean demeaning people or disrespecting them, says Andrew Munday, one of DoorDashs first full-time employees. Write Tony Xu' 1st recommendation. [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. [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. Hisreal name is Xu Xun. [77], In 2017, a class action lawsuit was filed against DoorDash for allegedly misclassifying delivery drivers in California and Massachusetts as independent contractors. In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. Tony Xu is CEO/Co-Founder at DoorDash Inc. See Tony Xu's compensation, career history, education, & memberships. 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. [13][15], In December 2018, DoorDash overtook Uber Eats to hold the second position in total US food delivery sales, behind GrubHub. 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. The Estimated Net worth is $80K USD $85k. It is a Platform where Influencers can meet up, Collaborate, Get Collaboration opportunities from Brands, and discuss common interests. Related by financial asset: DoorDash, Inc. On June 7, 2021, Alex Murdaugh called police to report that he had discovered the bodies of his wife and son. [9], In 2018, DoorDash launched Project DASH, a partnership with local food security organizations to deliver donations to those in need. The most recent insider tranaction occured on February, 23rd when Director Stanley J Meresman sold 15,000 shares worth more than $865,050.00. Download it now on Amazon. Tony has 2 jobs listed on their profile. Tony Chiu-Wai Leung. The experience proved invaluable, as he later discussed with davidsnotes.substack.com. Tony Xu is known for Entrapment (1999), Spy Game (2001) and On Dangerous Ground (1996). As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California. Chinese and pizza restaurants could build it into their business models, but that was about the extent of it. 1. He is Chinese by Nationality. It would be the same household chore thats a bugbear for the rest of us. 2023 Forbes Media LLC. Twitter View on Twitter. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. In the summer of 2013, it received $120,000 in seed money from Y . It was really hard for a small business to know how many drivers they need. Prior to co-founding DoorDash. DoorDash is America's largest food delivery service. 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. DoorDash co-founder and CEO Tony Xu has joined Meta's board of directors, the Facebook parent company announced on Tuesday. $.post('https://www.wikifamouspeople.com/wp-admin/admin-ajax.php', {action: 'mts_view_count', id: '533655'}); Prior to the move, Xus mother had practiced medicine. But are these incentives worth packing a moving van? He describes himself as an avid basketball fan and attributes his ability to learn English to the game and the media. If you know some information, please comment below. Tony Xu Biography and Net Worth. 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. The corporate mailing address for Mr. Xu and other DoorDash executives is , , . [19], Xu has invested in the blockchain technology provider Alchemy,[20] as well as the ghost kitchens All Day Kitchens and Local Kitchens. In the wake of watching the American TV series Whos the Boss?, in which Tony Danza takes on the role of Tony Micelli, he authoritatively changed his family name from Xu Xun to Tony Xu. 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. . One needs to be proactive before making investment decisions to avoid making a wrong decision. Over the past decade, hes gone from being a student to becoming the head of one of the fastest-growing companies in the US. 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. [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]. [83], In terms of delivery, DoorDash has an algorithm that plans routes automatically and can choose a faster route. Regardless of whats happening at work, he always makes sure to clear a space in his calendar on a Friday evening to enjoy a date night with his wife. [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. Join Facebook to connect with Tony Xu and others you may know. 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. Xu has served as CEO of DoorDash since 2013 and was appointed the . He is around 35 years old [Not Confirmed] as of 2020. DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. In 2013, he co-founded DoorDash, the on-demand food delivery company that on Wednesday announced it had filed for an IPO . In 2021, Xu and his wife signed the Giving Pledge. Hes been named to Fortunes 40 under 40, 7. Changs China Bistro and Dunkin Donuts, while also championing corner restaurants like the one Xu grew up in. [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. We have no more Information about his Father; we will try to collect information and update soon. But are these incentives worth packing a moving van pizza restaurants could build it into their models., now 35, would end up being & quot ; the &! Anand SambasivanContinue, Aamir Baig is the laundry, he tells lifehacker.com with Tony Xu returned to the United of... Xu is known for Entrapment ( 1999 ), Spy Game ( 2001 and! 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