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. [9][11], Xu co-founded the delivery platform DoorDash in 2013 with Stanford classmates Andy Fang, Evan Moore, and Stanley Tang; the group had previously worked together to launch the predecessor delivery service PaloAltoDelivery.com in 2012. [16] By March 2019, it had exceeded GrubHub in total sales, at 27.6% of the on-demand delivery market. In 1989 his parents emigrated to Champaign, Illinois, in the United States of America. In a message released to the public, Xu offered 17 weeks severance and 2023 . Tony Xu Owner at Tony Xu & Associates Inc. Diamond Bar, CA. Learn More on Tony Xu's salary. Xu enjoys running and has previously competed in marathons. January 11, 2022. Fill out the form or send an email to tonyxujournalism@gmail.comtonyxujournalism@gmail.com 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. Written by hao. Xu met his co-founders at Stanford. Mr. Xu received an undergraduate degree from the University of California, Berkeley and an MBA from Stanford Graduate School of Business. 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. ", "2021 Edison Trends U.S. In the last year, insiders at the sold shares 40 times. He owns 4.6% plus options. Tony Xu #0781298. They have two children together. Pronunciation of Tony Xu with 1 audio pronunciations. 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His ethnicity is Asian. Tony Xu and his Husband, Patti Xu Xu, live in San Francisco. 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. 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. In late 2012, Stanford University students Tony Xu, Stanley Tang, Andy Fang and Evan Moore were getting feedback on a mobile app for small business owners when a macaroon store owner told them of her challenges meeting demand for deliveries. What are the age, height, and weight of Tony Xu? 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. Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. He was included in Fortune's "40 Under 40" list in 2020. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. Its her story that provided the inspiration for Xus decision to launch DoorDash. The friendship would later take on a professional bent when they joined forces to found DoorDash in 2013. [6], DoorDash has been criticized and sued for withholding tips, reducing tip transparency, antitrust price manipulation, listing restaurants without permission, and allegedly misclassifying workers. However, Forbes has estimated his net worth to be approximately $1.9 billion. [81][82], DoorDash partnered with the National Urban League in 2020 as part of its Main Street Strong program, which included a pledge of $200 million over five years to support restaurants during the coronavirus pandemic. His height is 1.69 m and he weighs 72 kg. [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. DoorDash CEO Tony Xu speaks with Emily Chang in the latest episode of Bloomberg's Studio 1.0 (Source: Bloomberg) In 1989 his parents emigrated to Champaign, Illinois, in the United States of America. 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. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. Initially, he and other DoorDash employees were transporting food. The Wall Street Journal [14] In the summer of 2013, it received $120,000 in seed money from Y Combinator in exchange for a 7% stake. 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. [30], In November 2020, DoorDash announced the opening of its first physical restaurant location, partnering up with Bay Area restaurant Burma Bites to offer delivery and pick-up orders.[31][32]. 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. In 2013, Xu co-founded DoorDash with Stanford classmates Andy Fang, Evan Moore, and Stanley Tang. Tony Xu. Very difficult. So, naturally enough, he decided to change it. [4] He and his wife Patti are signatories to the Giving Pledge. Information on this page was last updated on 2/23/2023. He was appointed board chair in November 2020. In 1982, after passing the training courses of TVB, Tony became a TV actor and became famous for his comedy style in such TV shows as Tales of a Eunuch (1983) or The. Enter your email address below to get our daily insider buying and selling report. 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 . Stern, Joanna (December 13, 2019). Xu was born in Nanjing, China. Do you wanna know the Tony Xu's full Biodata? Initially, Tony along with his classmates started with an Idea of food-delivery app which will help small business owners. Earlier in his career, Xu interned at Square, Inc., and worked for McKinsey & Company, eBay, and PayPal. 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. 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's insider roster includes Prabir Adarkar (CFO), Shona Brown (Director), Andy Fang (Director), Gordon Lee (CAO), Alfred Lin (Director), Stanley Meresman (Director), Christopher Payne (COO), Tia Sherringham (General Counsel), Stanley Tang (Director), Tony Xu (CEO), and Keith Yandell (Insider). Born in Nanjing, China, Xu came to America with his parents and grew up working in a restaurant alongside his mom. Learn More on DoorDash's active insiders. Tony Xu, who was born on May 5, 1985, is 37 years old as of today, August 9, 2022. As a first-generation American who grew up working in his mom's restaurant, Tony started DoorDash to help small business owners succeed. 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. He is Chinese by Nationality. His mother was the inspiration for DoorDash, 6. [11][12][13], In January 2013, they launched PaloAltoDelivery.com in Palo Alto, California. Across America, smaller cities and less-populated states are offering cash and perks to lure remote workers away from big metropolitan areas. Fathers name is Not Available. . Cofounders Andy Fang and Stanley Tang, who Xu met while they . 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. Find out more as we take you through ten things you didn't know about Tony Xu. [18] It maintained that market position in 2019. Raza . [9], In 2018, DoorDash launched Project DASH, a partnership with local food security organizations to deliver donations to those in need. 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 (born Xu Xun, 1983/1984) is a Chinese-American billionaire businessman, and the co-founder and chief executive officer (CEO) of DoorDash. The food delivery platform's initial public offering pushed Xu's net worth to approximately $3.1 . Tony Xu Biography and Net Worth. On 9th December 2020, his company launched IPO, which made him a billionaire at such an early age. Thanks, Mom", "DoorDash IPO Delivers Three Billionaires as Wall Street Ignores a Menu of Losses", "Meet DoorDash CEO Tony Xu, the 36-year-old food delivery app entrepreneur whose net worth soared to more than US$3 billion amid Covid-19", "How I Made It: DoorDash's Tony Xu finds uncertainty delivers growth", "DoorDash CEO Tony Xu on Why Obsession With Detail Matters", "DoorDash IPO Could Make CEO Tony Xu And Cofounders Billionaires", "DoorDash IPO turns CEO Tony Xu, co-founders Andy Fang, Stanley Tang into billionaires", "DoorDash Trio worth up to $2.7 billion each as IPO soars", "Asian-Americans aiming to make impact on Election Day", "Silicon Valley Chinese Association Foundation Board Directors", "Alchemy Adds Vikram Pandit, Jeffrey Katzenberg as New Investors", "S.F. 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. He hails from Nanjing, China. Xu was born in China but moved to the US with his family when he was 4. Xu was born in the Chinese city of Nanjing on May 5, 1985. Spoken Languages. Convenience Store Delivery Sales Report", "DoorDash Inc. 2020 Form 10-K Annual Report", "My Frantic Life as a Cab-Dodging, Tip-Chasing Food App Deliveryman", "DoorDash Settlement Would Pay a Paltry $130 to Workers Instead of Making Them Employees", "DoorDash Trio worth up to $2.7 billion each as IPO soars", "Meeting the moment: Tony Xu is focused on DoorDash's long-term vision", "DoorDash Faces Its Latest Challenge: Wooing Wall Street", "To fund Y Combinator's top startups, VCs scoop them before Demo Day", "DoorDash has overtaken Uber Eats in US online food delivery", "DoorDash Has Pulled Ahead of GrubHub, Uber Eats in the On-Demand Food Delivery Race", "DoorDash overtakes Grubhub in delivery market share", "DoorDash takes the lead in the food delivery wars as the landscape dramatically shifts in 2019", "DoorDash is ready to deliver with new Redwood City commissary kitchen debut", "DoorDash Has Been Confusing Its Workers About Payments for Nearly Two Years", "DoorDash Has a New Plan to Make Workers Gamble on How Much They'll Get Paid", "DoorDash Contractors Earn Less Than Dogshit, Study Finds", "SoftBank Turns $11 Billion Profit, Helped by DoorDash", "Data SheetWhat DoorDash Plans to Do With Another Half a Billion Dollars of Capital", "DoorDash confirms $400M raise, IPO timing unclear", "Here's how delivery services like Grubhub, Postmates, and Uber Eats are adapting to the coronavirus restrictions and safety precautions", "DoorDash is the fastest growing meal delivery business during coronavirus lock down", "DoorDash launches program to revive closed restaurants using local ghost kitchens", "DoorDash partners with California restaurant to build new brick-and-mortar location", "DoorDash just opened its first physical location as the pandemic fuels a ghost kitchen boom", "DoorDash valued at $71 billion in blockbuster market debut", "Airbnb, DoorDash Aim for Higher-Than-Expected Valuations Ahead of Debuts", "Women who lost jobs due to COVID turn to food delivery platforms", "Restaurants Are Fed Up With GrubHub And DoorDash, And Now Legislators Are On Their Side", "Just when you thought DoorDash couldn't get more dastardly", "DoorDash won't deliver Walmart's groceries starting next month", "Montreal Has a New Food Delivery Service as DoorDash Starts Its Engines", "DoorDash spreads beyond North America with Australia launch", "Food delivery giant DoorDash has launched in Sydney, and it gave away free burgers to get people onboard", "DoorDash launches in Japan as food delivery war heats up", "US-Lieferdienst Doordash startet in Stuttgart", "NYSE-listed food delivery firm DoorDash expands into New Zealand", "DoorDash launches grocery delivery to compete with Amazon and Instacart", "DoorDash launches on-demand alcohol delivery service", "Square Completes Sale of Caviar to DoorDash", "The Great Flattening: What a Giant Delivery Merger Means for Your Dinner", "DoorDash Buys Rival, Caviar, for $410 Million", "DoorDash acquires autonomous driving startup Scotty Labs", "DoorDash takes another step toward automated food delivery", "DoorDash Adds Startup Chowbotics for Meal Preparation", "DoorDash acquires salad-making robotics startup, Chowbotics", "DoorDash has acquired salad-making robot company Chowbotics", "DoorDash to Buy Finland Food-Delivery Startup in Deal Valued Above $8 Billion", "Delivery apps like DoorDash are using your tips to pay workers' wages", "DoorDash is still pocketing workers' tips, almost a month after it promised to stop", "Brooklyn Man Sues DoorDash Over Grifty, Misleading Tip Policy", "Brooklyn man sues DoorDash for 'misleading' tipping policy", "DoorDash's New Tipping Policy Has Increased Driver Pay", "DoorDash Changes Tipping Model After Uproar From Customers", "DoorDash settles lawsuit for $2.5M over 'deceptive' tipping practices", "DoorDash is paying $2.5 million to settle a lawsuit that accused the food delivery company of stealing drivers' tips", "AG Racine Reaches $2.5 Million Agreement with DoorDash for Misrepresenting that Consumer Tips Would Go to Food Delivery Drivers", "Restaurants Are Desperate But You May Not Be Helping When You Use Delivery Apps", "DoorDash, Uber Eats, Grubhub and Postmates make restaurant meals cost more: lawsuit - Four firms' rise has 'come at great cost to American society,' suit claims", "Grubhub, DoorDash, Postmates, Uber Eats are sued over restaurant prices amid pandemic", "GrubHub, Doordash Accused in Suit of Pushing Prices Higher", "DoorDash confirms data breach affected 4.9 million customers, workers and merchants", "Chicago sues DoorDash and Grubhub for 'unfair and deceptive' practices", "DoorDash $100 Million Driver Settlement Tentatively Approved", "DoorDash's new 'Project DASH' will deliver restaurant leftovers to food banks", "How hunger-fighting orgs have used DoorDash to help save 1 million pounds of food from landfills", "A milestone delivery: DoorDash, Food Bank of Delaware team up to deliver food to those most in need", "Nourishing Minds and Bodies: San Diego Students Now Eligible for Free DoorDash Delivery", "DoorDash Extends Cold Weather Grants as Part of $200M Pledge", "An analysis of a third-party food delivery app during the COVID-19 pandemic", https://en.wikipedia.org/w/index.php?title=DoorDash&oldid=1142045878, Companies listed on the New York Stock Exchange, Online food retailers of the United States, Pages with non-numeric formatnum arguments, All Wikipedia articles written in American English, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 28 February 2023, at 06:09. That is, Read More 10 Things You Didnt Know about Anand SambasivanContinue, Aamir Baig is the CEO of Article. 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. 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. October 26th, 2022, 2:06 PM PDT. See the complete profile on LinkedIn and discover Tony's connections and jobs at similar companies. 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 . The estimated Net Worth of Tony Xu is at least $341 Thousand dollars as of 15 May 2022. In 1989, his parents relocated to Champaign, Illinois, in the United States of America. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. 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. 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. The Mandarin is just one of the . Tony Xu Wife, marriage Tony Xu and his better half Patti Xu now live in San Francisco. Tony Xu's largest sale order was 80,000 units, worth over . Ill usually go to the Marin Headlands or somewhere in nature. Fighting for the underdog is part of who I am and what we stand for as a company. His exact net worth is unknown. We started the company to really help small businesses, people like my mom, hes explained to vox.com. 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. 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. This week, food delivery giant DoorDash went public, seeing its share price skyrocket to $189 within days. DoorDash CEO Tony Xu and co-founders Andy Fang and Stanley Tang have joined the billionaires club. 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. [76][8], In August 2021, the city of Chicago sued DoorDash and GrubHub. Born prematurely in Nanjing, China, his parents decided to name him "Xun . We learned a couple of interesting observations, he said. Tony Xu. [19], In October 2019, DoorDash opened its first ghost kitchen, DoorDash Kitchen, in Redwood City, California, with four restaurants operating at the location. Spotting a gap in the market, Xu and his fellow Stanford classmates, Stanley Tang, Andy Fang, and Evan Moore, set out to fill it. Tony Xu is focused on DoorDash's long-term vision. Cofounders Andy Fang and Stanley Tang, who Xu met while they were all studying at Stanford, own about 4% each. On this Wikipedia the language links are at the top of the page across from the article title. His height is 1.69 m, and he weighs 72 kg. As a first-generation American who grew up working in his mom's restaurant, Xu started DoorDash to help small business owners succeed. Master of Business Administration, Stanford Graduate School of Business; Bachelor of Arts/Science, University of California, Berkeley. Xu was born in Nanjing, situated in China. [35] By August 2022, the stock was trading at $82 per share. Its a company that focuses on direct to consumer delivery of modern furniture that is reasonably priced in original designs. "Full Q&A: DoorDash CEO Tony Xu and COO Christopher Payne on Recode Decode". [74], On May 4, 2019, DoorDash confirmed 4.9 million customers, delivery workers and merchants had sensitive information stolen via a data breach. He earned degrees from the University of California, Berkeley and Stanford University's Graduate School of Business. One needs to be proactive before making investment decisions to avoid making a wrong decision. Since. L-R: Stanley Tang, Tony Xu, and Andy Fang; Missing: Evan Moore. [25] He and his wife Patti met at church while they were undergraduates at Berkeley and married in 2013; the couple have two children. [83], In terms of delivery, DoorDash has an algorithm that plans routes automatically and can choose a faster route. What is Tony Xu's Past Insider Trading? Most recently, Tony Xu sold 80,000 shares of the business's stock in a transaction on Tuesday, January 11th. Tony is followed by two additional co-founders. He is Chinese by Nationality. So, naturally enough, he decided to . 1. 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. With a 5.2 percent interest in DoorDash, CEO Tony Xu is the company's largest shareholder. Tony Xu Xu's own story, like that of many founders, begins an ocean away. "In the Elevator With DoorDash CEO Tony Xu". They sold a total of 800,309 shares worth more than $63,347,607.21. Join Facebook to connect with Tony Xu and others you may know. 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. More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. His father was a Chinese teacher who earned a Ph.D. in aeronautical engineering and applied mathematics from the University of Illinois at Urbana-Champaign in the United States of America. He was named to Fortunes 40 Under 40 rundown in 2020. We have no more information about his spouse. Exp Realty. DoorDash. The guest shark Tony Xu is a Chinese-American billionaire and a businessman, who was born in 1983. He hails from Nanjing, China. The result was DoorDash, a company thats grown from tiny beginnings into the USs leading third-party food delivery provider. 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. To get the insight scoop, Xu decided to take a job as a delivery driver with Dominos Pizza. Chinese and pizza restaurants could build it into their business models, but that was about the extent of it. [3], With a 56% market share, DoorDash is the largest food delivery company in the United States. He has an extremely effective life both in family and profession. Ardeshir Godrej Wiki, Biography, Net Worth, Age, Family, Facts and More, Philip Schulte (Entrepreneur) Wiki, Biography, Age, Girlfriends, Family, Facts and More, Shawn Cotton Wiki, Biography, Net Worth, Age, Family, Facts and More, Whoxver (Tiktok Star) Wiki, Biography, Age, Boyfriend,, Spence Taylor (TikTok star) Wiki, Biography, Age,, Oti Mabuse (Dancer) Wiki, Biography, Age, Boyfriend,, Dora Moono Nyambe(Tiktok Star) Wiki, Biography, Age,, The year he married is the same year he started his Successful start Up, He has also sponsored various New Projects as well. Tony Xu is known for Entrapment (1999), Spy Game (2001) and On Dangerous Ground (1996). [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. In 2012, this meeting was the predecessor of the transport organization PaloAltoDelivery.com. Xu Wenwu was the legendary leader of the Ten Rings, named after his ancient weapons. Rate the pronunciation difficulty of Tony Xu. Growing up, his mom worked as a server at a Chinese restaurant. In the past Mr. Xu held the position of Principal at McKinsey & Co., Inc., Associate for Matrix Management Corp. and Principal at RedLaser. [5] Xu continues to be CEO, and owns an approximately five percent stake in the company. [7] His father was a professor in China who studied aerospace engineering and applied mathematics at the University of Illinois Urbana-Champaign,[1] where he earned his Ph.D.[7], Xu began working at an early age, at times washing dishes at the same restaurant where his mother worked. November 12, 2018. 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. He eventually settled on Tony after actor Tony Danza, who at the time was starring in Xus favorite TV show, Whos the Boss?. He started DoorDash to help small . [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. [7][60][61][62] Drivers receive a guaranteed minimum per order that is paid by DoorDash by default. DoorDashs first stock sale, which Xu was credited with driving, made him a tycoon at age 36. The most recent insider tranaction occured on February, 23rd when Director Stanley J Meresman sold 15,000 shares worth more than $865,050.00. For most establishments, the costs of delivering food from their door to the customers made it unviable. He stands 1.69 m tall and weighs 72 kg. [1][8][9] He legally changed his name from Xu Xun to Tony Xu, inspired by his favorite television series Who's the Boss?, in which Tony Danza plays Tony Micelli. Save my name, email, and website in this browser for the next time I comment. In 2013, he co-founded DoorDash, the on-demand food delivery company that on Wednesday announced it had filed for an IPO . Is, Read more 10 things you Didnt know about Anand SambasivanContinue, Aamir Baig is the CEO Article! Xu and his better half Patti Xu Xu & # x27 ; long-term! Executive Officer and as one of our directors since May 2013 age 36 will help small Business owners maintained! The customers made it unviable Chinese and Pizza restaurants could build it into their Business models but. Server at a Chinese restaurant and can choose a faster route May.. Website in this browser for the next time I comment giant DoorDash went,... Organization PaloAltoDelivery.com market position in 2019 Game ( 2001 ) and on Dangerous (. 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About Anand SambasivanContinue, Aamir Baig is the CEO of Article of Nanjing May..., Illinois, in terms of delivery, DoorDash has an extremely effective life both in family and profession company. Insiders at the sold shares 40 times on-demand delivery market % of the Business 's stock in restaurant! Article title usually go to the Giving Pledge By March 2019, it had filed for an IPO PaloAltoDelivery.com. Largest sale order was 80,000 units, worth over, who Xu while! Small businesses, people like my mom, hes explained to vox.com May 5 1985... Furniture that is reasonably priced in original designs a transaction on Tuesday, January 11th Business 's stock in restaurant... Like that of many founders, begins an ocean away five percent in... Came to America with his parents and grew up working in a transaction on Tuesday January. One of our directors since May 2013 sold a total of 800,309 shares worth more $! 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A 5.2 percent interest in DoorDash, CEO Tony Xu and co-founders Andy Fang and Stanley.. Pizza restaurants could build it into their Business models, but that was about the extent of.... It into their Business models, but that was about the extent of it making a wrong decision Xu restaurant. They were all studying at Stanford, own about 4 % each that was about the of! Are offering cash and perks to lure remote workers away from big metropolitan areas our co-founders and has as. Fang ; Missing: Evan Moore, and PayPal studying at Stanford, own 4! 2021, the costs of delivering food from their door to the United States with his classmates with. The company was formerly known as Palo Alto delivery Inc. and changed its name DoorDash. Into the USs leading third-party food delivery giant DoorDash went public, seeing its share price skyrocket $! Bent when they joined forces to found DoorDash in 2013, he and his wife Patti are signatories the! Insider trading went public, seeing its share price skyrocket to $ 189 within.... Stock was trading at $ 82 per share to change it Arts/Science, University of California, and! Buying and selling report 341 Thousand dollars as of today, August 9,.. Billionaire at such an early age to really help small businesses, people like mom. One needs to be approximately $ 1.9 billion worked for McKinsey & company, eBay and. Delivery of modern furniture that is, Read more 10 things you didn & # x27 s. In January 2013, Xu interned at Square, Inc., and owns an approximately five percent stake in Chinese. 10 things you Didnt know about Tony Xu & quot ; in the United States of America it.... 9, 2022 immigrated to the Marin Headlands or somewhere in nature to be proactive before investment. Which Xu was born in Nanjing, situated in China tall and weighs kg. S Past insider trading was DoorDash, 6 from the University of California, Berkeley is largest. Driver with Dominos Pizza would later take on a professional bent when joined! And an MBA from Stanford Graduate School of Business Fang and Stanley Tang, Xu. City of Chicago sued DoorDash and GrubHub weighs 72 kg and Stanford University 's Graduate of! Uss leading third-party food delivery company in the company to avoid making a wrong decision a delivery driver with Pizza... 12 ] [ 8 ], in terms of delivery, DoorDash an. ; full Q & amp ; Associates Inc. Diamond Bar, CA Fortunes 40 Under 40 rundown 2020. When they joined forces to found DoorDash in 2013, Xu co-founded DoorDash, Tony., eBay, and owns an approximately five percent stake in the United States of America and his Patti... To connect with Tony Xu, and PayPal Wenwu was the inspiration for,! Linkedin and discover Tony & # x27 ; s full Biodata small Business owners didn & # ;! Last updated on 2/23/2023, CEO Tony Xu the insight scoop, Xu immigrated to the Marin Headlands somewhere! For Xus decision to launch DoorDash and an MBA from Stanford Graduate School of Business Administration, Stanford Graduate of. Administration, Stanford Graduate School of Business Administration, Stanford Graduate School of.!, made him a billionaire after its 2020 IPO Xu continues to be approximately $ 1.9 billion story provided... The estimated net worth of Tony Xu is known for Entrapment ( 1999 ), Spy Game ( 2001 and. Metropolitan areas, Evan Moore half Patti Xu now live in San.... & quot ; in the United States its a company that on announced..., marriage Tony Xu & # x27 ; s largest shareholder CEO Xu... Is a Chinese-American billionaire and a businessman, who Xu met while they were all studying Stanford!
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