Tony Xu

From Chinese Immigrant Childhood to Food Delivery Billionaire

tech business
Tony Xu

Net Worth

$1.5B

Born

1987 (age 39)

Country

China

Occupation

Co-Founder and CEO of DoorDash

Gender

male

Generation

Millennial

Marital Status

married

Children

2

Single Parent Household

No

Education

College Dropout

University

University of California, Berkeley

Industries

tech, business

Wealth Category

billionaire

Wealth Origin

self-made

First-Gen Wealth

Yes

Immigrant

Yes

Overcame

  • Immigrated to US at age 5 with limited English
  • Worked in family restaurant washing dishes as a child
  • Dropped out of UC Berkeley to start DoorDash
  • Initial investors passed on DoorDash multiple times
  • Faced intense competition from well-funded rivals

Tony Xu is the co-founder and CEO of DoorDash, the largest food delivery platform in the United States. Born in China, he immigrated to America at age 5, he built DoorDash from a small team in 2013 into a company now worth billions. His journey from washing dishes in his parents' restaurant to building a tech empire embodies the classic immigrant success story.

Career Timeline

1987

Born in Nanjing, China

1992 Age 5
Turning Point

Immigrated to the United States with family

1995 Age 8

Started working in family restaurant washing dishes

2005 Age 18
Milestone

Enrolled at UC Berkeley to study industrial engineering

2009 Age 22
Turning Point

Dropped out of UC Berkeley

2009 Age 22

Started Square, a mobile payments startup

2012 Age 25
Turning Point

Left Square; started DoorDash idea

2013 Age 26
Milestone

Founded DoorDash with Evan Moore, Andy Fang, and Stanley Tang

2013 Age 26
Milestone

Launched DoorDash in Palo Alto

2014 Age 27
Milestone

Raised $17.3 million Series A

2015 Age 28
Achievement

Expanded to 18 cities

2016 Age 29
Achievement

Raised $130 million; became unicorn

2018 Age 31
Achievement

Raised $400 million Series F

2019 Age 32
Milestone

DoorDash IPO at $69 per share

2020 Age 33
Achievement

COVID-19 drove massive growth in delivery

Notable Quotes

"We didn't want to be the smartest people in the room. If you have to wash the, go do it yourself."

— Interview, 2020

"Execution is what wins in the early days. Ideas are cheap. What's expensive is the long term."

— Interview, 2018

"I've always been a big believer in the underdog story. There's something beautiful about being underestimated and having to fight for it."

— Interview, 2019

"In the early days, I literally did menus by hand. I built relationships with restaurant owners. We say, 'You guys should use DoorDash.' We'd say, 'Oh, I wish someone had told me about DoorDash earlier.'"

— Interview, 2021

"Immigration is a big part of my story. It but it think it also about about how to build something meaningful, something about hard work and grit."