Do Won Chang

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Do Won Chang
Born (1954-03-20) March 20, 1954 (age 62)
South Korea
Residence Beverly Hills, California, U.S.
Nationality American
Occupation Founder and owner of Forever 21
Net worth $2.8 billion[1]
Spouse(s) Jin Sook Chang
Children 2

Do Won Chang (Hangul: 장도원) born March 20, 1954, is a Korean-born American businessman. He founded the clothing retail store Forever 21.

Early life[edit]

Chang grew up in South Korea and moved to California in 1981 with his wife, Jin Sook Chang.[2]

Career[edit]

He and his wife, Jin Sook (Hangul: 진숙), opened a clothing store then named Fashion 21 in 1984 in Highland Park, Los Angeles. 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 457 by 2010.[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] The owners and founders of Forever 21 are Christians, which is why "John 3:16" is on the bottom of every bag.[4]

References[edit]

  1. ^ a b "Jin Sook & Do Won Chang". Forbes. Retrieved 2015-01-07. 
  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. ^ 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.