Do Won Chang's story is one of the most inspiring tales of entrepreneurship in recent history. Born in 1954 in a small village in South Korea, Chang grew up in a poor family, with his father working as a farmer and his mother selling homemade goods in the local market. Despite the hardships, Chang had a dream of becoming a successful businessman and making a better life for himself and his family.
At the age of 18, Chang moved to the United States to pursue his dreams. However, the journey to success was not easy. He worked multiple jobs to make ends meet and support himself, starting as a janitor, then working as a gas station attendant, and even taking a job at a coffee shop. Despite the challenges, Chang never lost sight of his dream of becoming a successful entrepreneur.
Chang's passion for business led him to start his first clothing store, called Fashion 21, in Los Angeles in 1981, with his wife Jin Sook. The store was an instant hit and soon expanded, opening multiple locations throughout California. In 1995, the store was rebranded as Forever 21, and the company continued to grow and expand.
Today, Forever 21 has over 600 stores in countries all over the world and has become a multi-billion dollar company. Despite the massive success, Chang remains humble and dedicated to his work. He is known for his hard work, determination, and perseverance, which have been the driving forces behind his success.
As of 2021, Do Won Chang's net worth is estimated to be $3.1 billion. The majority of his wealth comes from Forever 21, which he co-founded with his wife Jin Sook Chang. The couple has also invested in real estate, with properties in Beverly Hills and the Hollywood Hills.
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