Do Won & Jin Sook Chang

About Do Won & Jin Sook Chang

Birth Day: March 20, 1954
Birth Place: Beverly Hills, California, United States
Birth Sign: Aries
Residence: Beverly Hills, California, U.S.
Occupation: Founder and owner of Forever 21
Spouse(s): Jin Sook Chang
Children: 2 Linda Chang Esther Chang

Do Won & Jin Sook Chang Net Worth

Do Won & Jin Sook Chang was bornon March 20, 1954 in Beverly Hills, California, United States. Do Won and Jin Sook Chang are cofounders behind the $4 billion fast fashion darling Forever 21, with some 790 stores spanning 48 countries. In 1984, the Changs started the chain with a 900-square-foot store in Los Angeles and a mere 11,000 in savings. Capitalizing on wholesale close-outs, they bought merchandise for cheap and hit $700,000 in first year sales, prompting them to open a new store every 6 months. The pair immigrated to the U.S. from South Korea in 1981 with not much more than a high school education. Today their Ivy-league educated daughters, Linda and Esther, work alongside their mother in merchandising.
Do Won & Jin Sook Chang is a member of Fashion & Retail

💰 Net worth: $3.1 Billion (Updated at 22 June 2018)

2011 $3.6 Billion
2012 $4.5 Billion
2013 $5 Billion
2014 $5.2 Billion
2015 $4.6 Billion
2016 $3 Billion
2017 $2.8 Billion
2018 $3.13 Billion

Some Do Won & Jin Sook Chang images

Famous Quotes:

For me family is the most important. When people talk about the American Dream, they are talking about a better life. However, if the business is doing well but your family is broken, that isn't quite success to me.

Biography/Timeline

1981

Chang grew up in South Korea and moved to California in 1981 with his wife.

1984

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. The company has remained a family operation. Forbes in 2012 estimated Chang and his wife's net worth to be $4 billion.