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. 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. Tony Xu CEO and Co-founder at DoorDash Stanford, CA. 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. Frederic Lalonde is a North American businessman and entrepreneur. Enter your email address below to get our daily insider buying and selling report. The Mandarin is just one of the . To get the insight scoop, Xu decided to take a job as a delivery driver with Dominos Pizza. She later opened needle therapy and wellness centers in Champaign and the San Francisco Bay Area. In 2013, he co-founded DoorDash, the on-demand food delivery company that on Wednesday announced it had filed for an IPO . Get notified the next time Tony Xu buys or sells DoorDash stock. Xu Shang-Chi - Son. He is known for being the co-founder and chief executive officer (CEO) of his company DoorDash. Tony Xu Biography. Starting with restaurants, DoorDash is building the infrastructure and logistics platform to allow any local merchant to deliver. [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. They are in relation from previous few years of a strong relationship. Why? Pulling on a pair of sneakers and hitting the pavements. Price Range (last 24 months) None Reported. 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. 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. 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. History. 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. DoorDash CEO Tony Xu says drivers don't want to give up the flexibility afforded by their independent-contractor status. (1 Vote) Very easy. The mothers name is Not Available. 2023 Forbes Media LLC. Cofounders Andy Fang and Stanley Tang, who Xu met while they were all studying at Stanford, own about 4% each. Also, we have no information about his son and daughter. [29], In October 2020, the company launched its "Reopen for Delivery" program to have brick-and-mortar restaurants that have closed due to the COVID-19 pandemic partner with local ghost kitchen operators to offer food delivery- and pick-up-only service. Shark Biography. He was named to Fortunes 40 Under 40 rundown in 2020. He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. There are 6 older executives and no younger executives at DoorDash. 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. The highest earning executive at DoorDash is Mr. Christopher D. Payne, Pres & COO, who commands a salary of $350,930.00 per year. Portfolio - The Vancouver Sun; Portfolio - MEC; Contact; Main; Bio; Portfolio; Portfolio - The Vancouver Sun; Portfolio - MEC [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. We have no information about his girlfriend/boyfriend. Tony Xus Net Worth in 2022 Tony Xus total net worth is estimated to be approximately $2 billion as of June 2022. 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. [5][26], Xu enjoys running and used to participate in marathons. He and his co-founders started DoorDash to help local businesses like that restaurant succeed. [48][49], In July 2019, the company's tipping policy was criticized by The New York Times, and later The Verge and Vox and Gothamist. ", "2021 Edison Trends U.S. Hear the latest economic, business and market news, as well as global, national, and local news. 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. Tony has 2 jobs listed on their profile. He has an extremely effective life both in family and profession. 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 . Additionally, Mr. Xu receives an annual salary of $300,300.00 as CEO at DoorDash. [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. 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. 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. Mr. Xu is currently 38 years old. DoorDash CEO Tony Xu and co-founders Andy Fang and Stanley Tang have joined the billionaires club. All Rights Reserved. Tony Xu, CEO of DoorDash, is the Business Times' 2021 Executive of the Year. On December 9, 2020, the company became a public company via an initial public offering, raising $3.37 billion. His Girlfriend/boyfriends name is Not Available. [62][63] The case was referred to arbitration in August 2020. DoorDash exists today to empower those like my Mom who came here with a dream to make it on their own. Learn how your comment data is processed. He has done a lot of things and held numerous positions in a, Read More 10 Things You Didnt Know about Gary GysinContinue, Maezawa Yusaku is a Japanese businessman. Its a company that focuses on direct to consumer delivery of modern furniture that is reasonably priced in original designs. [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]. [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. [10][70][71][72][73] Although several preliminary documents in the case have now been filed, a trial date has not yet been set. Tony Xu is focused on DoorDash's long-term vision. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of five. His exact net worth is unknown. But we are sure that it is not available and his spouses name is not available. But it's too early to write off Klarna. Born in Nanjing, China, Xu moved with his family to America at the age of five. But later he immigrated to the United States with his parents when he was five years old. [77], In 2017, a class action lawsuit was filed against DoorDash for allegedly misclassifying delivery drivers in California and Massachusetts as independent contractors. [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. 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. 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. Across America, smaller cities and less-populated states are offering cash and perks to lure remote workers away from big metropolitan areas. More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro. He and his younger sister were raised by their mother after his father left them. DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. Tony worked in Product at Square, led special projects for the CEO and CFO at eBay, and began his career at McKinsey and Company. Tony Xu Biography Xu was born in the Chinese city of Nanjing on May 5, 1985. [9], In 2018, DoorDash launched Project DASH, a partnership with local food security organizations to deliver donations to those in need. In 2012, this meeting was the predecessor of the transport organization PaloAltoDelivery.com. On Daily Routines, we profile successful leaders, entrepreneurs, artists, executives and athletes to explore their routines, schedules, habits . 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. [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. Born in Nanjing, China, Xu came to America with his parents and grew up working . Tony Xu CEO & Co-Founder. Among the questions asked was an inquiry into what advice hed offer young entrepreneurs looking to begin their own startups. Xu Xun, also known as Tony Xu, is a Chinese-American business magnate who helped found and serve as chairman of the food transportation organization DoorDash. His testimony, including admissions that he stole money, is likely to hurt him in future trials. In 2013, he married his wife, Patti Xu, in church. Unfortunately, her medical license wasnt recognized in the US and she was forced to give up her career to work in a restaurant instead. My motto when making any decisionin work or lifeis to have the most fun and least regrets, he shared. If you know some information, please comment below. In 2013, Xu helped found DoorDash with Stanford classmates Andy Fang, Evan Moore and Stanley Tang. October 26th, 2022, 2:06 PM PDT. The corporate mailing address for Mr. Xu and other DoorDash executives is , , . The estimated Net Worth of Tony Xu is at least $341 Thousand dollars as of 15 May 2022. They purchased a total of 573,500 shares worth more than $49,963,096.52. 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 Xu's largest sale order was 80,000 units, worth over . 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