Tony Xu (2024)

FAQs

How did Tony Xu become a billionaire? ›

In 2013, Xu co-founded DoorDash with his Stanford classmates. He initially made deliveries himself and led the company's initial public offering (IPO) in December 2020, which made him a billionaire at the age of 36.

Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. He owns 4.6% plus options. Cofounders Andy Fang and Stanley Tang, who Xu met while they were all studying at Stanford, own about 4% each. Xu is the CEO.

In 2012, while he was attending Stanford University, Xu and some classmates founded DoorDash. Xu has said that he was inspired by his experience as a dishwasher at the Chinese restaurant he and his mom worked at to create the company. By April 2022, it had become the United States's largest food delivery service.

Personal life. Xu lives in San Francisco. He and his wife Patti met at church while they were undergraduates at Berkeley and married in 2013; the couple have two children. Xu enjoys running and used to participate in marathons.

2.1 billion USD (2024)

Tony Xu / Net worth

DoorDash's CEO Tony Xu earns the distinction of being the biggest earner in the pandemic year, nabbing $413 million in compensation last year — nearly all of which were in the form of stock awards. Xu has a $300,000 annual salary.

As Chief Executive Officer and Chair at DOORDASH INC, Tony Xu made $300,221 in total compensation. Of this total $300,000 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $221 came from other types of compensation.

Stanley Tang started DoorDash alongside his friends Tony Xu, Andy Fang, and Evan Moore in 2013. Door Dash is an American company that offers an online food ordering and delivery service with its headquarters in San Francisco, USA.

Tony Xu (May 2013–)

DoorDash / CEO

DoorDash charges delivery fees despite not performing deliveries, class action claims. DoorDash charges its users a number of delivery fees despite the company allegedly not conducting the deliveries themselves, the DoorDash class action alleges. “DoorDash's fees are deceptive, misleading and otherwise fraudulent.

How did Tony Xu become successful? ›

Vision and Problem-solving - Tony Xu's success as the founder of DoorDash can be attributed to his visionary thinking and problem-solving mindset. Identifying a need for a more efficient and reliable food delivery service, he set out to create a platform that connects local businesses with customers.

DoorDash is bordering on breakeven, according to the 36 American Hospitality analysts. They expect the company to post a final loss in 2024, before turning a profit of US$391m in 2025. The company is therefore projected to breakeven just over a year from now.

After graduating from UC Berkeley with a B.S. with High Honors in Industrial Engineering and a MBA from Stanford Graduate School of Business, Xu worked as a business analyst for McKinsey & Co., as a corporate strategy consultant for EBay and PayPal, in business development at technology firm RedLaser, and spent time at ...

Tony Xu | Shark Tank.