The friendship would later take on a professional bent when they joined forces to found DoorDash in 2013. Restaurants need to find different ways to sell their food than just waiting for customers to show up. Once the food is prepared and packaged, it is dispatched from the restaurant to be delivered to the customer. Xu married his wife Patti shortly after launching DoorDash. $1 Million - $5 Million. DoorDash CEO Tony Xu's Net Worth Plus 'Shark Tank' Investments Faze is an entertainment organization whose headquarter is based in Los Angeles. ", eventCategory: event.slot.getSlotElementId(), He is from . They first named the company Palo Alto Delivery. Well, aPurple can help. EXCLUSIVE: Here Are the Top 12 Executives at DoorDash - Business Insider }); Been wanting to catch up? You can choose from the various modes of payment. And it was fortunate he did while studying at the university, he met and made friends with Andy Fang, Stanley Tang and Evan Moore. Secondly, the company earns money through various promotional activities like restaurants paying some amount to appear at the top of the search result. His net worth has been growing significantly in 2020-2021. They couldnt deal with special events like a football game or Valentines Day.. Notifications can be turned off anytime from browser settings. The average analyst price target is $172.40 well above the most recent closing price of $96.21 on Feb. 18. Hes an American businessman and entrepreneur who has earned a fortune in the financial industry. Tony is followed by two additional co-founders. According to DoorDash's latest IPO price, the company is valued at nearly $39 billion. Stanley Tang (born 1992) is a Hong Kong billionaire tech entrepreneur. Chinese and pizza restaurants could build it into their business models, but that was about the extent of it.