Do Won Chang

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Do Won Chang
Born (1954-03-20) March 20, 1954 (age 64)
South Korea
Residence Beverly Hills, California, U.S.
Nationality American
Occupation Founder and owner of Forever 21
Net worth $3.2 billion (February 2018)[1]
Spouse(s) Jin Sook Chang
Children 2
Linda Chang
Esther Chang

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.[2]

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. The number of stores grew to 600, with 30,000 employees by 2015.[3] The company has remained a family operation. Forbes in 2012 estimated Chang and his wife's net worth to be $4 billion.

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.[4]

Philanthropy[edit]

The Changs have donated money to churches and faith groups, and Do Won travels to perform missionary work.[3]

References[edit]

  1. ^ a b "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 Bensinger, Ken (July 31, 2010). "How I Made It — Do Won Chang". Los Angeles Times. ISSN 0458-3035. Retrieved 2017-01-28. 
  4. ^ Wiseman, Eva (July 16, 2011). "The gospel according to Forever 21". The Guardian. ISSN 0261-3077. Retrieved 2017-01-28.