Who Is Tony Xu?

He arrived in America at age five with parents who had “maybe $200 in the bank.” Now the DoorDash co-founder is making the biggest bet of his career: a roughly $17 billion deal to buy Instacart.

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Last updated: October 29, 2026

Tony Xu is the co-founder and CEO of DoorDash, the largest food delivery company in the U.S. On Oct. 29, 2026, DoorDash agreed to buy grocery delivery rival Instacart for $65 a share, or about $17 billion in equity value, which Reut…