The popularity of online food delivery services is on the rise. Out of all the available services, DoorDash is considered the best. The man behind this company is Tony Xu. He is the co-founder and CEO of the company.
Ever since it is revealed that Tony Xu will be an investor in season 14 of Shark Tank, people want to know about his net worth. Well, his current net worth is around $1.5 billion.
If you are eager to know more about Tony Xu and his journey to founding DoorDash, you should read this post.
Quick Facts
| Full Name | Xu Xun |
| Birth Date | 5th May 1985 |
| Age | 38 |
| Profession | Businessman |
| Country of Origin | China |
| Nationality | American |
| Marital Status | Married |
| Spouse | Patti Xu |
| Net Worth (as of 2024) | $1.5 billion |
| Last Updated: | Jan 20, 2024 |
| Social Media |
Family and Early Life
Tony Xu was born Xu Xun. His birthdate is 5th May 1985. He is originally from Nanjing, China, but his family moved to Champaign, Illinois.
There’s not much known about his parents or other family members. However, we do know that his father has a degree in aerospace engineering. He also did Ph.D. in mathematics.
Tony changed his name after watching the show “Who’s the Boss?.” In the show, Tony Danza plays the role of Tony Micelli, which was Xu Xun’s favorite character. So he officially changed his name from Xu Xun to Tony Xu.
Personal Life
Tony Xu is married to a woman named Patti, who he met during his undergraduate days. The two dated for a few years and tied the knot in 2012. They have more than one child, but their details are not available.
At present, the family is settled in Stanford, California.
Education Background
As far as Tony’s education is concerned, he studied operations research and industrial engineering at the University of California, Berkeley. Later, he enrolled at the Stanford University Graduate School of Business to study MBA.
Since Tony and his family were immigrants, they had to rely on a federal assistance program. He worked various jobs to earn a living and support his family.
Career
After his post-graduation, Tony was hired as an intern at Square. He also worked for RedLaser’s eCommerce software. His third job was as a business analyst at McKinsey & Company.
Tony worked for multiple companies before founding his own business. After working at eBay and PayPal, he launched PaloAltoDelivery.com. It was his first food delivery service.
The same group founded DoorDash in 2013. To understand how the food delivery system works, he secured a job as a delivery driver for Domino’s Pizza.
After some time, Tony became the CEO of the company. In 2020, he organized the first public IPO. The company went public in 2021. The success of the IPO made Tony a billionaire.
He used his earnings to invest in other companies such as All Day Kitchens, Alchemy, Meta Platforms, and TechNet. He is also invited to Shark Tank season 14.
Earnings and Wealth
Tony Xu became a billionaire after co-founding DoorDash. He is now the CEO of the company.
The majority of his wealth is generated from his food delivery business. His current net worth is around $1.5 billion.
FAQs
1. How much is the CEO of DoorDash worth in 2024?
Tony Xu is the CEO of DoorDash at present and has an estimated net worth of $9.37 million. Besides that, Tony also owns over 132,300 units of DoorDash Inc stock worth over $9,069,165. He also earns an additional income working as the co-founder and CEO and the Chair at DoorDash.
2. Where did Tony Xu start his career?
Hailing from a traditional Asian family, Tony started working right after graduating from college. He was hired as an intern at Square. Following that, he worked at RedLaser’s eCommerce software, followed by McKinsey & Company where he worked as a business analyst.
3. What was the first business that Tony Xu launched?
The first company that Tony started was https://paloaltodelivery.com/. This was the first food delivery service that he founded. The same group was the one that later founded the famous food delivery app, DoorDash in 2013.
4. Did Tony Xu work at Domino’s Pizza?
Not many people know this but Tony was dedicated to making things work for his food delivery business. To understand the ropes of the business model, he secured a job at Domino’s Pizza where he learned about everything and implemented the same to his business.