Chang Yung Fa & family

$1.80 B

Ranked #1054 in World

About Chang Yung Fa & family

Chang Yung-fa, the visionary Taiwanese entrepreneur who founded Evergreen Group, hailed from Su'ao, Taiwan, during Japanese governance. His journey from a high school graduate in Taipei to the ranks of a sea captain encapsulates his early struggles and perseverance. Established in 1968, Evergreen Marine Corporation revolutionized cargo shipping by embracing containerization early on, growing from a single secondhand vessel to a fleet navigating the globe. Evergreen Group's expansion into industries beyond maritime transport underscores Chang's far-sighted business acumen, creating a conglomerate with over 27,000 employees worldwide. Chang, who passed away on January 20, 2016, garnered multiple international honors, reflecting his monumental impact across various sectors.

Born

October 06, 1927 in Su'ao, Taihoku, Japanese Taiwan

Died

January 20, 2016 (aged 88)

Source Of Wealth

Transportation

Industries

Logistics

Citizenship

Taiwan

Chang Yung-fa was born on February 2, 1927, in Su'ao, Taiwan, during the Japanese rule. He moved to Keelung at the age of seven and graduated from Taipei Commercial High School at 18. After completing his education, he worked in the Taipei office of a Japanese shipping line and continued his education at a vocational school in Taipei.

Chang Yung Fa & family: Family

Chang Yung-fa was married twice. His first wife was Lin Chin-chih, with whom he had four children. After her passing, he married Lee Yu-mei, who bore him one son.

Chang Yung Fa & family: Career Highlights

After World War II, Chang Yung-fa joined the seagoing staff of a local shipping company as a third officer. He progressed through the ranks to captain and gained valuable experience in the shipping industry.

Chang Yung Fa & family: Companies

Chang Yung-fa founded Evergreen Marine Corporation on September 1, 1968, with one secondhand 15,000-ton vessel. Through his leadership and vision, the company grew rapidly, and within four years, the fleet expanded to twelve vessels. Evergreen Marine Corporation expanded its reach to the Middle East within a year and dispatched ships to the Caribbean within three years. Recognizing the potential of containerization, Chang Yung-fa built four advanced S-type container ships in 1975 and launched US East Coast service. The company continued to expand, adding the West Coast of the United States to its network within 15 months and expanding to Europe in 1979. In 1984, Evergreen Marine Corporation started two 80-day round-the-world services.

Chang Yung-fa's success in the shipping industry led to the establishment of the Evergreen Group, which expanded beyond shipping to include heavy industrial development, air transport, hotels, and resorts services. The Evergreen Group comprises about 30 major corporations worldwide, with over 27,000 employees and 220 offices. Three Evergreen Group corporations are listed on the Taiwan Stock Exchange.

Chang Yung Fa & family: Major Achievements

Chang Yung-fa's major achievements include establishing Evergreen Marine Corporation and transforming it into a global shipping giant.

He was instrumental in realizing the potential of containerization and expanding Evergreen's services to various regions worldwide. Under his leadership, the Evergreen Group diversified into various industries, becoming a prominent conglomerate in Taiwan.

Chang Yung Fa & family: Awards & Achievements

Chang Yung-fa received numerous awards and honors in recognition of his contributions to the shipping industry and business. These include honorary doctorates from various universities, the Order of Chivalry (D.M.P.N.) from the State of Penang, Malaysia, and the Officer of the Legion of Honor from France. He was also honored with the Lifetime Achievement Award from Lloyd's List in 2006, the Commander of the Order of the British Empire (CBE) from the UK, and the Honorary Commander of the Order of Loyalty to the Crown of Malaysia (P.S.M.). Additionally, he received the Knight of the Grand Cross (Cavaliere di Gran Croce) from Italy, the Commander of the Order of the Crown (Commandeur de l'Ordre de la Couronne) from Belgium, the Commander in the Order of Orange-Nassau from The Netherlands, the Order of the Rising Sun, Gold and Silver Star from the Japanese government, and the Order of Merit of the Federal Republic of Germany.

Chang Yung Fa & family: Personal Life & Legacy

Chang Yung-fa passed away on January 20, 2016, at the age of 88. He left behind a remarkable legacy as a visionary entrepreneur and a pioneer in the shipping industry. His contributions to Taiwan's economic development and his philanthropic efforts earned him widespread respect and admiration.

Chang Yung Fa & family: Trivia

Chang Yung-fa was known for his humble beginnings and his passion for the shipping industry. He started his career as a third officer and rose through the ranks to become a successful businessman. His dedication and hard work inspired many aspiring entrepreneurs in Taiwan and beyond.

Wealth History

Timeline

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Chang Yung-fa was born in Su'ao, Taiwan, during Japanese rule.

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Chang Yung-fa moved to Keelung at age seven.

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Chang Yung-fa graduated from Taipei Commercial High School at 18.

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Chang Yung-fa worked in the Taipei office of a Japanese shipping line.

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Chang Yung-fa continued education at a vocational school in Taipei.

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Chang Yung-fa joined the seagoing staff of a local shipping company as a third officer after World War II.

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Chang Yung-fa progressed through the ranks to captain.

September 1, 1968

Chang Yung-fa established Evergreen Marine Corporation with one secondhand 15,000-ton vessel.

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Chang Yung-fa built the fleet up to twelve vessels within four years.

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Chang Yung-fa expanded to the Middle East within a year.

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Chang Yung-fa dispatched Evergreen ships to the Caribbean within three years.

1975

Chang Yung-fa realized the potential of containerization.

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Chang Yung-fa built four advanced S-type container ships and launched US East Coast service.

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Chang Yung-fa added the West Coast of the United States to the network within 15 months.

1979

Chang Yung-fa expanded to Europe.

1984

Chang Yung-fa started two 80-day round-the-world services.

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Chang Yung-fa expanded beyond shipping to include heavy industrial development, air transport, hotels, and resorts services.

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Chang Yung-fa's Evergreen Group comprises about 30 major corporations worldwide, with over 27,000 employees and 220 offices.

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Three Evergreen Group corporations are listed on the Taiwan Stock Exchange.

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Chang Yung-fa married twice, first to Lin Chin-chih, with whom he had four children.

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Chang Yung-fa's second wife, Lee Yu-mei, bore him one son.

January 20, 2016

Chang Yung-fa passed away at the age of 88.

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Chang Yung-fa received honorary doctorates from various universities.

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Chang Yung-fa was awarded the Order of Chivalry (D.M.P.N.) by the State of Penang, Malaysia.

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Chang Yung-fa was made an Officer of the Legion of Honor by France.

2006

Chang Yung-fa received the Lifetime Achievement Award from Lloyd's List.

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Chang Yung-fa was appointed Commander of the Order of the British Empire (CBE) by the UK.

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Chang Yung-fa was made an Honorary Commander of the Order of Loyalty to the Crown of Malaysia (P.S.M.).

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Chang Yung-fa was knighted as a Knight of the Grand Cross (Cavaliere di Gran Croce) by Italy.

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Chang Yung-fa was made a Commander of the Order of the Crown (Commandeur de l'Ordre de la Couronne) by Belgium.

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Chang Yung-fa was made a Commander in the Order of Orange-Nassau by The Netherlands.

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Chang Yung-fa was awarded the Order of the Rising Sun, Gold and Silver Star, by the Japanese government.

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Chang Yung-fa was awarded the Order of Merit of the Federal Republic of Germany.

Chang Yung Fa & family : FAQs

What is Chang Yung Fa's net worth?

As of 2015, Chang Yung Fa's net worth was $1.80 billion.

What are Chang Yung Fa's main sources of wealth?

Chang Yung Fa's main source of income comes from Transportation.

In which industry does Chang Yung Fa primarily operate?

Chang Yung Fa is primarily involved in the Logistics industry.

Is Chang Yung Fa dead?

Yes, Chang Yung Fa died on January 20, 2016 (aged 88).

How many children does Chang Yung Fa have?

Chang Yung Fa has 5 children.

Who was Chang Yung-fa and what was his contribution to the shipping industry?

Chang Yung-fa was a visionary Taiwanese businessman, the founder and chairman of the Evergreen Group, known for establishing Evergreen Marine Corporation in 1968. His contributions include significantly expanding the commercial shipping fleet and pioneering round-the-world services, making a profound impact on global trade and container shipping.

What notable achievements characterized the early growth of Evergreen Marine Corporation under Chang Yung-fa?

Under Chang Yung-fa's leadership, Evergreen Marine Corporation experienced remarkable growth by increasing its fleet to twelve vessels within four years, expanding its services to the Middle East, the Caribbean, and later, pioneering in containerization with the launch of advanced S-type container ships and services to the US and Europe.

How did Chang Yung-fa's Evergreen Group evolve beyond shipping?

Beyond shipping, Chang Yung-fa's Evergreen Group diversified into heavy industrial development, air transport, and hospitality, including hotels and resorts. The conglomerate encompasses about 30 major corporations worldwide, demonstrating Chang's visionary leadership beyond the maritime industry.

What personal milestones and family details are known about Chang Yung-fa?

Chang Yung-fa had a significant personal life, marrying twice and fathering five children. He was first married to Lin Chin-chih, with whom he had four children, and then to Lee Yu-mei, who bore him one son. He passed away on January 20, 2016, leaving behind a legacy through his family and business achievements.

What awards and honors did Chang Yung-fa receive in recognition of his contributions and achievements?

Chang Yung-fa was highly decorated, receiving numerous international awards and honors including honorary doctorates, the Officer of the Legion of Honor from France, Commander of the Order of the British Empire (CBE), and the Order of the Rising Sun, Gold and Silver Star from the Japanese government, among others, acknowledging his global impact and contributions.