Do Won & Jin Sook Chang’s profile picture

Do Won & Jin Sook Chang

Do Won & Jin Sook Chang’s profile picture
Net worth 2018: $3.13 Billion
Residence: Beverly Hills, California
Country: United States
BirthDay: 20 March 1954
Sigh: Aries
Children: 2
Education: Diploma, High School
BIOGRAPHY

Do Won & Jin Sook Chang was bornon 20 March 1954 in Beverly Hills, California, United States. Do Won & Jin Sook Chang is #748 in List Billionaires People In The World. Do Won and Jin Sook Chang are cofounders behind the $4 billion fast fashion darling Forever 21, with some 790 stores spanning 48 countries. In 1984, the Changs started the chain with a 900-square-foot store in Los Angeles and a mere 11,000 in savings. Capitalizing on wholesale close-outs, they bought merchandise for cheap and hit $700,000 in first year sales, prompting them to open a new store every 6 months. The pair immigrated to the U.S. from South Korea in 1981 with not much more than a high school education. Today their Ivy-league educated daughters, Linda and Esther, work alongside their mother in merchandising.

NET WORTH STATISTIC
2011

$3.6 Billion

2012

$4.5 Billion

2013

$5 Billion

2014

$5.2 Billion

2015

$4.6 Billion

2016

$3 Billion

2017

$2.8 Billion

2018

$3.13 Billion

For me family is the most important. When people talk about the American Dream, they are talking about a better life. However, if the business is doing well but your family is broken, that isn't quite success to me.

Do Won & Jin Sook Chang
TIMELINE
2012

Forbes in 2012 estimated Chang and his wife's net worth to be $4 billion

1984

He and his wife, Jin Sook (Hangul: 진숙), opened a clothing store then named Fashion 21 in 1984 in Highland Park, Los Angeles

1981

Chang grew up in South Korea and moved to California in 1981 with his wife, Jin Sook Chang

1954

Do Won Chang (Hangul: 장도원) born March 20, 1954, is a Korean-born American businessman

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