Later, Tony launched DoorDash with a motive to help small business owners. His total compensation in 2019 was $300,000. What is Tony Xu's net worth right now? He has a verified Twitter account under the name @@t_xu. Elon Musk and Mark Zuckerberg Are Both Billionaires, Not Friends, Elizabeth Holmes Lost Her Billions When Theranos Went Under, The Most and Least Common Zodiac Signs Among Billionaires, How Self-Made Billionaire and Spotify CEO Daniel Ek Got Rich. Source: Getty Images He completed his BS at UC Berkeley in Industrial Engineering and Operations Research. Net Worth and Insider Trades. Xu is a first-generation American who moved from China to the U.S. when he was five years old. Tony Xu is listed as an insider in the following companies: DASH / DoorDash, Inc. Xu has previously worked for Square, eBay and McKinsey. On Nov. 13, the company released its registration statement with the SEC—a necessary document for going public. Retrieved 2020-12-09. Tony Xu, 33, is a co-founder and chief executive of the DoorDash on-demand food-delivery start-up. DoorDash IPO will make CEO Tony Xu the latest tech billionaire DoorDash is an American on-demand prepared food delivery service, who is enthusiastic about transforming local businesses. Chen, age 45, has ridden a wave of demand for vaping devices. Early life and education Xu was born in Nanjing, China, later migrating with his parents to the United States. ^ "Tony Xu | 2020 40 under 40 in Tech". References ^ a b "Tony Xu, the steady hand steering DoorDash's delivery empire". DoorDash CEO Tony Xu and co-founders Andy Fang and Stanley Tang have joined the billionaire club. Now, Tony and his company have taken moved one step forward to become a company worth billions. Correction: The article was amended to explain that DoorDash is worth $13 billion, while Xu's net worth is expected to surpass $1 billion after the company's IPO. His shares have increased from $102 per share to $186 per share from the food delivery app’s present pricing. I am Tony Xu I'm a software engineer. In early 2020, Fortune estimated that DoorDash is worth $13 billion. Reportedly, the Xu family had just $200 when they moved to the U.S. Xu's mother had a restaurant of her own. According to some sources, after the IPO of DoorDash, Tony Xu may have an estimated net worth of about $1.6 billion. After the company's expected IPO in December 2020, Tony Xu's net worth is projected to be over $1 billion. The initial public offering of the food delivery platform brought Xu’s net worth to around $ 3.1 billion, with Fang and Tang’s net worth each reaching around $ 2.8 billion, according to a report. He has a great educational background. Xu, Fang, and Tang founded DoorDash with Evan Moore. Starting our next chapter.. https://t.co/y9LWA1OmdF, Tony Xu Net Worth, Wife, And Wiki: Everything On DoorDash CEO, Businessman, CEO and co-founder of DoorDash. Also, Tony’s stake will be worth $1.6 billion. As of 2020, he is 35 years old. Speaking about his parents and family, his parents are immigrants from China. He wanted to build a business that catered to small businesses everywhere. Xu is 35 years old. The company is also dedicated to establishing new ways of working, earning, and living. At such a young age, Xu's $13 billion net worth holds a ton of potential. Tony Xu can be an professional, known for Entrapment (1999), Spy Video game (2001) and On Dangerous Surface (1996). Source of wealth: vaping devices. DoorDash CEO Tony Xu and co-founders Andy Fang and Stanley Tang have joined the billionaires club. He has a net worth of approximately $1.6 billion dollars as of December 2020. However, you guys can found details about his company DoorDashon Wikipedia. CEO Tony Xu is the largest owner of DoorDash with a 5.2 percent stake. Although Xu is married, his wife's name isn't known. And in 2019, he had a base salary of about $300,000. December 9, 2020 James White Celebs 0. Talking about his earning and salary, Tony is supposed to become a billionaire by the age of 36, confirmed by, Who is he married to? DoorDash has received institutional funding from a number of venture capital firms. Moore departed and is now a partner at Khosla Ventures. They met at Stanford and the company was live by 2013. The DoorDash inception story is one of immigrant fortitude. Tony Xu Net Worth 2020, Wife, Wiki, Family, Bio: DoorDash CEO. Before co-founding DoorDash, he worked in a few more companies like Product at Square and McKinsey and Company. His total compensation in 2019 was $300,000. Tony established DoorDash alongside his classmates Andy Fang, Stanley Tang, and Evan Moore. Just before the COVID-19 pandemic hit the U.S., Xu said that profit would be his top priority. He founded DoorDash at Stanford. Talking about his earning and salary, Tony is supposed to become a billionaire by the age of 36, confirmed by CNBC. What can investors expect from DoorDash? DoorDash CEO Tony Xu and co-founders Andy Fang and Stanley Tang have joined the billionaires club.. Wall Street’s frenzy for DoorDash has made billionaires out of CEO Tony Xu and two of his cofounders. Fang and Tang each own 4.7 percent of the company. DoorDash had its IPO in December 2020 making Xu's net worth an estimated $1.6 billion dollars as of December 2020. www.ft.com. DoorDash founder Tony Xu, who is also the CEO, is the largest owner of the company with a 4.6 percent stake. DoorDash CEO Tony Xu announced Wednesday that he was aware of the controversy surrounding the company’s tipping policy and assured customers that it will change. As per Forbes, Tony Xu has a net worth of more than $3 billion. Together they have a child. The soaring IPO has pushed the 36-year-old Xu’s net worth above $3 billion, as shares have surged to $186 per share, up 82% from the food delivery app’s initial pricing of $102 a share. Despite DoorDash's popularity in 2020, the S-1 proved that the company didn't turn a notable profit this year. Tony Xu grew up as the child of immigrants, working in his mom’s restaurant before going onto Stanford and working at McKinsey, eBay, and Square. The three largest contributors to the $2.485 billion total are Sequoia Capital of California, SoftBank Vision Fund of London, and GIC of Singapore. Despite being a CEO of a reputed company, Tony Xu’s name is yet to be featured on the Wikipedia page. Tony Xu was born in 1985 in Nanjing, China. Since he is a native of Nanjing, China, his nationality is Chinese, and his ethnicity is Asian. . In June, DoorDash received $400 million in Series H funding in one fell swoop. Tony Xu is recognized as the CEO and the co-founder of DoorDash. Citizenship: China. He landed on Fortune's "40 Under 40 in Tech" list this year. After finishing high school, Xu studied industrial … DoorDash was founded by Stanford students Tony Xu, Stanley Tang, Andy Fang and Evan Moore. And in 2019, he had a base salary of about $300,000. They formed the idea for a food-delivery app. The coronavirus pandemic has favored some businesses more than others. According to a Lifehacker interview, he said, "I trade chores with my wife: I do the dishes (her least favorite thing to do), and she does the laundry." The investor hasn’t stopped feeding frenzy around startups in the food delivery sector. Reportedly, he said that he makes the most of his time by being in control of his schedule and "actively planning.". Fortune. Tony Xu net worth is $2 Million Tony Xu Wiki: Salary, Married, Wedding, Spouse, Family Tony Xu is an actor, known for Entrapment (1999), Spy Game (2001) and On Dangerous Ground (1996). Talking about his married life, Tony Xu walked down the aisle with Patti Bao in 2013, the same year he started the business. To date, he has already received over 10.6K followers. On 9 December 2020, his company launched IPO, and the company is in the pace of being valued at up to $32 billion. Andy Fang is the chief technology officer and Stanley Tang is the chief product officer. Below Xu are two more co-founders. Tony Xu is recognized as the CEO and the co-founder of DoorDash. Amid the COVID-19 pandemic, when entire industries like airlines and cruises are just trying to survive, such marked growth can't be ignored. After the company's expected IPO in December 2020, Tony Xu's net worth is projected to be over $1 billion. According to some sources, after the IPO of DoorDash, Tony Xu may have an estimated net worth of about $1.6 billion. Cofounders Andy Fang, 28, and Stanley Tang, 27, have stakes valued at more than $2 billion. Tony Xu Net Worth is $600,000 Mini Biography. Net worth: $15.3 billion. DoorDash is an American on-demand prepared food delivery service, who is enthusiastic about transforming local businesses. Tony’s family moved to the US at the end of the 80s and settled in Champaign-Urbana, Ill. His mother even launched a Chinese restaurant. DoorDash, launched out of Xu’s Stanford graduate school dorm room, wasn’t worth Sequoia’s capital — yet. Although Moore only worked with his co-founders for less than half a year, he helped set up the top dog in the food delivery wars. DoorDash has seen increased business amid the COVID-19 pandemic. I love to build cool things with latest technologies and share my learnings from them. Later, he earned an MBA from the Stanford Graduate School of Business. It is illegal for insiders to make trades in their companies based on specific, non-public information. Tony Xu is currently in a. Tony Xu is CEO/Co-Founder at DoorDash Inc. See Tony Xu's compensation, career history, education, & memberships. DoorDash's founders are now worth $2.4 billion to $2.7 billion each. While DoorDash is still working to find balance and achieve profit, it has grown 226 percent this year. Speaking about his parents and family, his parents are immigrants from China. Tony Xu – $3.1 billion (CEO) Tony Xu, 36, the company's CEO was expected to land with a net worth of $1 billion, based on DoorDash's low end of its projected price per share. Just three months after raising $400 million, DoorDash confirmed that with New York City hedge fund Darsana Capital Partners leading the round, it has closed another $600 million. It was reported in December 2018 that DoorDash overtook Uber Eats to hold the second position in total US food delivery sales, behind GrubHub. tony xu net worth. DoorDash, which employs about 350 people, is based in San Francisco. His exact amount of net worth in 2020 is yet to be revealed. 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