CEO of DoorDash
Tony Xu
Xu in 2018
Born Xu Xun
1983 or 1984 (age 39–40)Education Occupation
CEO of
DoorDash Spouse Patti Xu Children 2
Chinese 徐迅
Tony Xu (born Xu Xun , 1983/1984)
[1] is a Chinese-American billionaire businessman and the co-founder and
chief executive officer (CEO) of
DoorDash . Born in
Nanjing , China, Xu immigrated to the United States with his parents at the age of four. He earned degrees from the
University of California, Berkeley and
Stanford University 's
Graduate School of Business . Earlier in his career, Xu interned at
Square, Inc. , and worked for
McKinsey & Company ,
eBay , and
PayPal . He was included in
Fortune 's "
40 Under 40 " list in 2020.
DoorDash had its
IPO in December 2020
[2]
[3] making Xu's net worth an estimated $2.8 billion as of April 2021.
[4] He and his wife Patti are signatories to the
Giving Pledge .
Early life and education
Xu was born in
Nanjing , China.
[5] In 1989, his parents immigrated to
Champaign, Illinois . His mother, Julie Cao, was
[6] previously a doctor in China. She later opened
acupuncture and medical clinics in Champaign and the
San Francisco Bay Area .
[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.
[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.
[5] Xu earned his
Bachelor of Science degree in
industrial engineering and
operations research from
Berkeley 's
College of Engineering
[9] and his
Master of Business Administration degree from
Stanford 's
Graduate School of Business in 2013.
[1]
[10]
Career
Xu in 2016
Early in his career, Xu interned at the
financial services and
digital payments company
Square, Inc. and completed
business development work for the
e-commerce app RedLaser.
[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 .
[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. Xu has said his immigrant parents, and especially his mother's restaurant work, helped inspire DoorDash.
[1]
[7] Initially, he and other DoorDash employees completed food deliveries.
[5] Xu continues to be CEO, and owns an approximately five percent stake in the company. DoorDash's
initial public offering in 2020, which Xu has been credited for leading,
[12] made him a
billionaire at the age of 36.
[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.
[13]
[14]
In 2020, Xu was included in
Fortune 's "
40 Under 40 " list.
[11]
Board service and investments
In addition to DoorDash's
board of directors ,
[15] Xu is a board member of the
Silicon Valley Chinese Association Foundation and an executive council member of
TechNet .
[16]
[17]
[18]
In January 2022, Tony Xu joined the board directors of
Meta Platforms .
[19]
Xu has invested in the
blockchain technology provider
Alchemy ,
[20] as well as the
ghost kitchens All Day Kitchens and Local Kitchens.
[21]
[22]
[23]
Charities
Signatories to the
Giving Pledge , he and his wife Patti have made significant donations in support of
Berkeley ,
Northwestern , and the
Asian American and Pacific Islander (AAPI) community.
[24]
Personal life
Xu lives in
San Francisco .
[25] He and his wife Patti met at church while they were undergraduates at Berkeley and married in 2013; the couple have two children.
[5]
[26]
Xu enjoys running and used to participate in
marathons .
[9] He has described himself as an "avid"
Golden State Warriors and basketball fan,
[27]
[28] and has credited the sport and television for helping him learn English.
[10]
[29]
Publications
References
^
a
b
c
d
e
f
g Huddleston Jr., Tom (December 9, 2020).
"DoorDash IPO will make its CEO a billionaire — here's how his immigrant parents inspired his success" .
CNBC .
Archived from the original on January 14, 2022. Retrieved August 4, 2021 .
^ Investor's Business Daily (December 9, 2020).
"Shares Of DoorDash IPO Jump By Double Digits As Trading Begins" . Investor's Business Daily .
Archived from the original on January 14, 2022. Retrieved December 9, 2020 .
^ Mehta, Stephanie (December 10, 2020).
" 'We don't have to spend it all at once!' CEO Tony Xu on DoorDash's $3.4 billion IPO" . Fast Company .
Archived from the original on January 14, 2022. Retrieved January 5, 2021 .
^
"Tony Xu" . Forbes .
Archived from the original on January 24, 2022. Retrieved August 28, 2021 .
^
a
b
c
d Lee, Dave (February 28, 2020).
"Tony Xu, the steady hand steering DoorDash's delivery empire" .
Financial Times .
ISSN
0307-1766 .
Archived from the original on January 15, 2022. Retrieved August 5, 2021 .
^ Mann, Sonya.
"The Secret Behind These Tech Founders' Success? Thanks, Mom" .
Inc.
ISSN
0162-8968 .
Archived from the original on January 14, 2022. Retrieved August 5, 2021 .
^
a
b
c
d Sorvino, Chloe (December 9, 2020).
"DoorDash IPO Delivers Three Billionaires as Wall Street Ignores a Menu of Losses" .
Forbes .
ISSN
0015-6914 .
Archived from the original on January 14, 2022. Retrieved August 4, 2021 .
^ Mendoza, Kenn Anthony (March 8, 2021).
"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" .
South China Morning Post .
OCLC
648902513 .
Archived from the original on January 30, 2022. Retrieved August 5, 2021 .
^
a
b
c
d White, Ronald D. (January 12, 2018).
"How I Made It: DoorDash's Tony Xu finds uncertainty delivers growth" .
Los Angeles Times .
OCLC
3638237 .
Archived from the original on January 14, 2022. Retrieved August 5, 2021 .
^
a
b Doyle, Kelsey (June 16, 2021).
"DoorDash CEO Tony Xu on Why Obsession With Detail Matters" .
Stanford Graduate School of Business (
Stanford University ).
Archived from the original on January 17, 2022. Retrieved August 4, 2021 .
^
a
b
"40 Under 40: Tony Xu" .
Fortune . 2020.
ISSN
0015-8259 .
Archived from the original on December 20, 2021. Retrieved August 4, 2021 .
^ Sorvino, Chloe (November 30, 2020).
"DoorDash IPO Could Make CEO Tony Xu And Cofounders Billionaires" . Forbes .
Archived from the original on January 14, 2022. Retrieved August 4, 2021 .
^ Manfredi, Lucas.
"DoorDash IPO turns CEO Tony Xu, co-founders Andy Fang, Stanley Tang into billionaires" .
Fox Business .
Archived from the original on January 14, 2022. Retrieved August 4, 2021 .
^ Maloney, Tom (December 9, 2020).
"DoorDash Trio worth up to $2.7 billion each as IPO soars" .
The Seattle Times .
ISSN
0745-9696 .
OCLC
9198928 .
Archived from the original on December 20, 2021. Retrieved August 5, 2021 – via
Bloomberg News .
^
"Tony Xu" .
DoorDash .
Archived from the original on January 14, 2022. Retrieved August 5, 2021 .
^ Jun, Chang (October 20, 2014).
"Asian-Americans aiming to make impact on Election Day" .
China Daily .
Archived from the original on July 28, 2021. Retrieved August 5, 2021 .
^
"Silicon Valley Chinese Association Foundation Board Directors" . Silicon Valley Chinese Association Foundation.
Archived from the original on January 14, 2022. Retrieved August 5, 2021 .
^
"Executive Council: Tony Xu" . TechNet.
Archived from the original on January 14, 2022. Retrieved August 5, 2021 .
^
"Tony Xu Joins Meta Board of Directors" . PR Newswire . January 11, 2022. Retrieved August 16, 2022 .
^ Leising, Matthew (August 4, 2021).
"Alchemy Adds Vikram Pandit, Jeffrey Katzenberg as New Investors" . Bloomberg News.
Archived from the original on January 14, 2022. Retrieved August 5, 2021 .
^ Barreira, Alex (May 14, 2021).
"S.F. ghost kitchen startup debuts with a new name, new market and $20 million in new funding" . San Francisco Business Times .
Archived from the original on May 14, 2021. Retrieved August 5, 2021 .
^ Forman, Laura (April 2, 2021).
"Ghost Kitchens Will Keep Appearing on Your Delivery App, Even as the Pandemic Eases" .
The Wall Street Journal .
News Corp .
ISSN
0099-9660 .
OCLC
781541372 .
Archived from the original on January 14, 2022. Retrieved August 5, 2021 .
^ Luna, Nancy (July 9, 2021).
"Delivery's richest CEO Tony Xu has been quietly funding 2 ghost kitchens built by Uber Eats and DoorDash alums — and his bets reveal the next big trend in the industry, experts say" . Business Insider .
Archived from the original on January 14, 2022. Retrieved August 5, 2021 .
^
^ Batey, Eve (December 10, 2020).
"Doordash's Founders Are Billionaires Now" . Eater San Francisco .
Archived from the original on January 15, 2022. Retrieved August 5, 2021 .
^ Harry Stebbings (June 7, 2021).
"20VC: DoorDash CEO Tony Xu on The Art of Great Leadership Today, Why The Best Give All of the Credit and Take All of the Blame & How DoorDash Have Won The Best Talent Against the Toughest Competition" . The Twenty Minute VC (Podcast). Event occurs at 7:40.
Archived from the original on January 15, 2022. Retrieved August 6, 2021 .
^ Cohen, David (August 17, 2020).
"DoorDash Becomes Official On-Demand Delivery Platform of NBA, WNBA, NBA 2K League" .
Adweek .
Shamrock Holdings .
ISSN
0199-2864 .
Archived from the original on January 14, 2022. Retrieved August 6, 2021 .
^ Givens, Dana (August 17, 2020).
"DoorDash Becomes First-Ever On-Demand Delivery Platform of the NBA, WNBA and NBA 2K League" .
Black Enterprise .
ISSN
0006-4165 .
Archived from the original on January 22, 2022. Retrieved August 6, 2021 .
^ Keith Rabois (May 25, 2021).
"Doordash CEO Tony Xu" . Series A with Keith Rabois (Podcast). Event occurs at 13:51.
Archived from the original on January 14, 2022. Retrieved August 6, 2021 .
External links
Tony Xu at
Bloomberg News
"DoorDash: Tony Xu" .
NPR . November 12, 2018.
Johnson, Eric (January 9, 2019).
"Full Q&A: DoorDash CEO Tony Xu and COO Christopher Payne on Recode Decode" .
Recode .
Stern, Joanna (December 13, 2019).
"In the Elevator With DoorDash CEO Tony Xu" .
The Wall Street Journal .
Tony Xu, MBA '13, Cofounder and CEO, DoorDash on
YouTube , February 12, 2021,
Stanford Graduate School of Business