Do Won & Jin Sook Chang

$3.00 B

Ranked #745 in World

About Do Won & Jin Sook Chang

Korean-born American entrepreneur Do Won Chang, celebrated for co-founding the globally recognized retail giant Forever 21 alongside his wife, Jin Sook Chang, exemplifies a formidable journey from humble beginnings. Before transforming the fashion landscape, Chang moved to California in 1981, working in various coffee shops, lacking a university education. His venture began with a modest $11,000, launching Fashion 21 in 1984, which rapidly evolved into Forever 21, boasting 600 stores and 30,000 employees by 2015. Despite its meteoric rise, the family-owned business sought bankruptcy protection in 2019. Beyond his commercial success, Chang, residing in Beverly Hills with Jin Sook and their two daughters—who also ventured into the cosmetic industry with Riley Rose—remains dedicated to philanthropy, notably supporting churches and engaging in missionary endeavors, underscoring his deep-rooted Christian faith.

Born

January 01, 1956 in South Korea

Age

70 years

Source Of Wealth

Fashion Retail

Industries

Fashion & Retail

Citizenship

United States

Residence

Los Angeles, California

Education

Diploma, High School

Spouse

Jin Sook Chang

Children

2 daughters

Do Won Chang, a Korean-born American businessman, was raised in South Korea. In 1981, he relocated to California with his wife, Jin Sook Chang. Despite never attending university, Chang worked in coffee shops to support himself.

Do Won & Jin Sook Chang: Family

Do Won Chang is married to Jin Sook Chang, and they have two daughters, Esther and Linda. The family resides in Beverly Hills, California.

Do Won & Jin Sook Chang: Career Highlights

In 1984, Chang opened his first store, Fashion 21, with $11,000 in savings. The store's success led to a name change to Forever 21. By 2015, the company had grown to encompass 600 stores and employ 30,000 individuals. However, Forever 21, a family-owned operation, filed for bankruptcy protection in 2019.

Do Won & Jin Sook Chang: Companies

Do Won Chang is the co-founder of Forever 21, a global fashion retailer.

Do Won & Jin Sook Chang: Major Achievements

Chang's most significant achievement is the establishment and growth of Forever 21 into a renowned fashion brand with a global presence.

Do Won & Jin Sook Chang: Awards & Achievements

There is no information available about specific awards or achievements received by Do Won Chang.

Do Won & Jin Sook Chang: Personal Life & Legacy

Do Won Chang and his wife, Jin Sook Chang, are devout Christians, and they incorporate their faith into their business practices by including the Bible verse John 3:16 on every shopping bag. Their daughters, Esther and Linda, have also followed in their parents' footsteps in the fashion industry, co-founding the clothing brand Riley Rose. Esther focuses on visual design, while Linda handles marketing.

Do Won & Jin Sook Chang: Trivia

Do Won Chang is known for his philanthropic efforts, particularly his donations to churches and faith-based organizations. He also travels extensively for missionary work.

Wealth History

Timeline

1981

Do Won Chang and his wife, Jin Sook Chang, moved to California.

1984

Do Won Chang opened Fashion 21 with $11,000 savings.

2015

Forever 21 grew to 600 stores and 30,000 employees.

2019

Forever 21 filed for bankruptcy protection.

Do Won & Jin Sook Chang : FAQs

What is Do Won & Jin Sook Chang's net worth?

As of 2019, Do Won & Jin Sook Chang's net worth was $3.00 billion.

What are Do Won & Jin Sook Chang's main sources of wealth?

Do Won & Jin Sook Chang's main source of income comes from Fashion Retail.

In which industry does Do Won & Jin Sook Chang primarily operate?

Do Won & Jin Sook Chang is primarily involved in the Fashion & Retail industry.

What is Do Won & Jin Sook Chang educational background?

Do Won & Jin Sook Chang holds a Diploma from High School.

How old is Do Won & Jin Sook Chang?

Do Won & Jin Sook Chang is 70 years old.

How many children does Do Won & Jin Sook Chang have?

Do Won & Jin Sook Chang has 2 children.

Who is Do Won Chang and what is he known for?

Do Won Chang is a Korean-born American businessman best known as the co-founder of Forever 21, a popular international fashion retail chain, alongside his wife, Jin Sook Chang.

How did Do Won Chang start his career and what led to the success of Forever 21?

Do Won Chang began his career working in coffee shops and opened the first Fashion 21 store in 1984 with $11,000 in savings. The store’s success led to its rebranding as Forever 21, eventually growing to 600 stores with 30,000 employees by 2015.

What is the significance of John 3:16 on Forever 21 bags?

John 3:16 on Forever 21 bags reflects the Christian faith of its founders, Do Won Chang and his wife, Jin Sook Chang, showcasing their religious beliefs and commitment to their faith.

Can you tell me about Do Won Chang's personal life and family?

Do Won Chang is married to Jin Sook Chang, with whom he has two children. The family resides in Beverly Hills, California. Their daughters, Esther and Linda Chang, co-founded Riley Rose, with Linda focusing on marketing and Esther on visual design.

How has Do Won Chang contributed to philanthropy and missionary work?

Do Won Chang has actively donated to churches and faith-based groups and engages in missionary work as part of his philanthropic efforts, demonstrating his commitment to his faith and giving back to the community.