Who Is Tony In Shark Tank?

By Rahul Gupta On Feb 2, 2023

Tony Xu was born with the name Xu Xun. He is a Chinese-American billionaire and the CEO and co-founder of DoorDash. His real name is Xu Xun. He changes his name to Tony after seeing the actor Tony Danza in the movie “Who’s the Boss.” He was born in Nanjing, China, but when he was four years old, he moved to the United States with his parents.

He then went on to get degrees from the University of California at Berkeley and the Graduate School of Business at Stanford University. He has worked for eBay, PayPal, and McKinsey & Company. He was one of Fortune’s 40 under 40 in 2020.

As a first step in his career, he worked as an intern at Square, Inc., a company that deals with financial services and digital payments. He was also a business developer for the e-commerce app Red Laser and a business analyst for McKinsey & Company.

He started the delivery platform DoorDash with Andy Fang, Evan Moore, and Stanley Tang in 2013. What made DoorDash start? Tony said that his parents, who came from another country, and her mother, who worked at a restaurant, were the inspiration for DoorDash.

At first, the people who worked at DoorDash delivered food. He has a stake in DoorDash of about 5% and is still the CEO of the company. Tony Xu is married to Patti Xu.

They met at a church when they were students at Berkeley and got married in 2013. Tony and his wife Patti have given a lot of money to Berkeley, Northwestern, and the Asian American and Pacific Islanders.

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Tony Xu On Shark Tank

Tony Xu’s app, DoorDash, made him a billionaire. Palo Alto Delivery was the first version of DoorDash. It all began in the fall of 2012. DoorDash, which began in 2013, passed Uber Eats in just three years.

The company also has programs like Project DASH, which works with local groups to help the poor and deliver donations. In 2020, the company went public for the first time and got $32 Billion.

Tony will be on the 14th season of Shark Tank, an American TV show where business owners pitch their ideas to a group of investors. As CEO of DoorDash, he has sold shares worth an estimated $115.06 million.

We founded @DoorDash 10 years ago to help local entrepreneurs and grow the cities in which we live. One of the reasons I love @ABCSharkTank is because they are committed to doing the same. It was an honor to join as a Guest Shark and meet so many brilliant founders. https://t.co/mCGjvQHUMp

— Tony Xu (@t_xu) January 13, 2023

Tony said this about DoorDash: “DoorDash exists today to give people like my mom, who came to this country with a dream, the tools they need to make it on their own. Fighting for the little guy is part of who I am and what our company stands for.”

In the next episode of Shark Tank, Tony Xu will be there. He won’t be talking to investors about his app but will be sitting with them. Gwyneth Paltrow, who used to be an actress but is now an entrepreneur, Emma Grede, co-founder of Good America, Peter Jones from Dragon’s Den, Daniel Lubetzky, founder of Kind, and Kendra Scott will all be on Shark Tank Season 14.

Shark Tank has been on for more than ten years and has helped millions of people grow their businesses and reach their goals. After being stopped, the show came back on September 23 at 8 p.m.

Net Worth Of Tony Xu

CNBC says that Tony Xu has a 5% stake in DoorDash and a 4.6% option on the company. He only had $200 in his bank account when he came to America. In 2022, he will have a net worth of around $2 Billion.

IPO helped him grow his business even more. He keeps his personal life away from social media and out of the public eye. As of the stock exchange in 2022, each share of the company was worth $82.

He has gotten help from Facebook, Instagram, YouTube, and Twitter, all of which are in the entertainment business. This has helped his business grow.

This is the most difficult change to DoorDash that I’ve had to announce in our almost 10-year history. Today, we are reducing our corporate headcount and saying goodbye to many talented teammates. https://t.co/xSYUVLwp17

— Tony Xu (@t_xu) November 30, 2022

We only know about his personal life from the information he shares on social media about his family and business. With its prototype, the site got a $120,000 investment and a 7% share of the company. Tony Xu’s company keeps going up. The tech billionaire rules the world with its new ideas and also gives money to local groups.