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Tony Xu cofounded DoorDash after immigrating to the United States as a child, drawing on his family's restaurant work and building the delivery company into a public logistics platform. [1][2]
An immigrant family story behind DoorDash
Xu was born in China and moved to the United States at age five. His father pursued graduate engineering studies, while his mother, who had been a doctor in China, could not immediately practice medicine and worked multiple jobs including restaurant service as the family established itself. [1][2]
After studying at the University of California, Berkeley and Stanford Graduate School of Business, Xu joined with Evan Moore, Stanley Tang and Andy Fang in 2013 to start the company that became DoorDash. The founders initially focused on helping restaurants that lacked their own delivery operations. [2]
DoorDash expanded nationally and went public in 2020, making Xu a billionaire through the founder stake and voting power he retained. His wealth was created through the company rather than inherited, while his family's immigrant transition and his mother's professional displacement provide meaningful evidence of early structural obstacles. [1][2]
Xu's voting power should be distinguished from his economic ownership in DoorDash. Governance rights can exceed the percentage of company value represented by his shares, so DoorDash's market capitalization is not his personal net worth; the relevant wealth measure is the value of the stake he actually owns. [1][2]
Sources for background
Sources reviewed Sep 15, 2026.
- Tony Xu · Forbes · Jul 15, 2026
- DoorDash IPO Could Make CEO Tony Xu And Cofounders Billionaires · Forbes · Nov 30, 2020
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