Billionaire Profile
Tony Xu
Global Rank
#1626

Image: Public domain | via Wikimedia Commons

Tony Xu

CEO, DoorDash
US
Real-Time Net Worth
$2.4B
As of December 2025
Age
41
Source
food delivery service
Industry
technology
Citizenship
US

Biography

Tony Xu, born in Nanjing, China, in 1983 or 1984, is a prominent American billionaire businessman and the co-founder and CEO of DoorDash, the leading food delivery service in the United States. His journey to success began with his immigration to the U.S. at the age of four. Xu earned degrees from the University of California, Berkeley, and the Stanford Graduate School of Business. Prior to founding DoorDash in 2013, he gained valuable experience at companies like Square, McKinsey & Company, eBay, and PayPal. As of 2024, Xu's net worth is estimated at $2.4 billion, a testament to his leadership and DoorDash's significant impact on the technology and food delivery industries. Xu is known for his dedication to innovation and his focus on supporting small businesses.

Wealth Over Time

In-Depth Profile

Early Life

Tony Xu was born Xu Xun in Nanjing, China, in either 1983 or 1984. At the age of four, he immigrated to the United States with his parents. They settled in Champaign, Illinois. His mother, a doctor in China, faced challenges in practicing medicine in the U.S. and later opened acupuncture and medical clinics in the San Francisco Bay Area. His father was a professor in China and studied aerospace engineering. Xu worked at a young age, washing dishes in the restaurant where his mother worked.

Rise to Success

Xu attended the University of California, Berkeley, where he earned a Bachelor of Science degree in industrial engineering and operations research. He later received a Master of Business Administration degree from the Stanford Graduate School of Business in 2013. Prior to founding DoorDash, Xu gained experience at Square, McKinsey & Company, eBay, and PayPal. In 2013, Xu co-founded DoorDash with Stanford classmates Andy Fang, Evan Moore, and Stanley Tang. The inspiration for DoorDash came from observing the challenges faced by small business owners, including his mother. DoorDash's initial public offering (IPO) in December 2020 made Xu a billionaire.

Key Business Strategies

Under Xu's leadership, DoorDash has focused on operational excellence, customer experience, and supporting local economies. The company expanded rapidly, offering delivery services in numerous cities across the U.S., Canada, Australia, Japan and Germany. DoorDash has also expanded its service offerings, including grocery and retail delivery.

Philanthropy

Tony Xu and his wife, Patti, are signatories to the Giving Pledge, committing to donate the majority of their wealth to charitable causes. They have made significant donations to organizations within the Asian American and Pacific Islander (AAPI) community.

Career Milestones

2013

Co-founded DoorDash

Co-founded the food delivery service, DoorDash.

2020

DoorDash IPO

Led DoorDash through its initial public offering, making him a billionaire.

2022

Joined Meta Platforms Board

Joined the board of directors of Meta Platforms (formerly Facebook).

Philanthropy & Social Impact

Philanthropy

Giving Pledge

Unknown

Committed to donating the majority of their wealth to charitable causes.

Business Philosophy & Leadership

Notable Quotes

""If you're an aspiring entrepreneur, I would say find something you're obsessive about, because the journey to building anything of meaning, I believe, will take years, maybe decades.""

""DoorDash exists today to empower those like my Mom who came here with a dream to make it on their own. Fighting for the underdog is part of who I am and what we stand for as a company.""

Leadership Principles

Empathy

Understanding and addressing the needs of customers, delivery drivers, and merchant partners.

Bias for Action

Focusing on what can be controlled and taking initiative.

Innovation

Encouraging new ideas and embracing failure as a learning opportunity.