Do Won Chang

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Do Won Chang
Born (1954-03-20) March 20, 1954 (age 65)
ResidenceBeverly Hills, California, U.S.
NationalityAmerican
OccupationFounder and owner of Forever 21
Years active1984–
EmployerForever 21 (1984–p)(bankrupt)
OrganizationForever21
Net worth$3.2 billion (February 2018)[1]
Spouse(s)Jin Sook Chang (m.?)
Children2 daughters

Do Won Chang (Hangul: 장도원; born March 20, 1954) is a billionaire Korean-born American businessman. He founded the clothing store chain Forever 21 with his wife Jin Sook Chang.

Early life[edit]

Chang grew up in South Korea and moved to California in 1981 with his wife, Jin Sook Chang.[2] He never attended university and worked in coffee shops growing up.[3]

Career[edit]

He and his wife, Jin Sook (Hangul: 진숙), opened a 900-square foot clothing store then named Fashion 21 in 1984 in Highland Park, Los Angeles with only $11,000 in savings. The store took off, and as they expanded to other locations, the store's name was changed to Forever 21 otherwise known as XXI. The number of stores grew to 600, with 30,000 employees by 2015.[4] The company has remained a family owned operation. It has filed for bankruptcy protection as of 2019.

Personal life[edit]

Do Won Chang and Jin Sook Chang have two children, and live in Beverly Hills, California.[1] They are Christians, which is why "John 3:16" is on the bottom of every bag.[5]

Their two daughters, Esther and Linda Chang, co-founded the company Riley Rose, a make-up and accessory company that Forever 21 carries in its stores. Linda is also in charge of marketing at Forever 21, while Esther is in charge of visual design.[3]

Philanthropy[edit]

The Changs have donated money to churches and faith groups, and Do Won travels to perform missionary work.[4]

References[edit]

  1. ^ a b "Forbes profile: Jin Sook & Do Won Chang". Forbes. Retrieved 20 February 2018.
  2. ^ Chung, Grace (October 5, 2016). "Exclusive Interview With One Of America's Most Successful Immigrants: Forever 21's Do Won Chang". Forbes. Retrieved 2017-01-28.
  3. ^ a b "HOW I MADE IT — Do Won Chang". Los Angeles Times. 2010-07-31. ISSN 0458-3035. Retrieved 2019-04-15.
  4. ^ a b Bensinger, Ken (July 31, 2010). "How I Made It — Do Won Chang". Los Angeles Times. ISSN 0458-3035. Retrieved 2017-01-28.
  5. ^ Wiseman, Eva (July 16, 2011). "The gospel according to Forever 21". The Guardian. ISSN 0261-3077. Retrieved 2017-01-28.