Chang Yun Chung's Net Worth and Contributions
Chang Yun Chung, a prominent Singaporean businessman and entrepreneur, boasts a net worth of $1.9 billion. He co-founded the renowned shipping company Pacific International Lines (PIL) in 1967, transforming it from a modest coastal operator to a global shipping powerhouse. Today, PIL operates a fleet of 180 ships, with Chung owning a substantial 94% stake in the company.
Business Ventures
In addition to his role at PIL, Chang Yun Chung owns Singamas Container Holdings, one of the largest container manufacturers worldwide. Chung serves as the Chairman of Malaysia Shipping Corporation Sdn. Bhd. and is the Executive Chairman of the PIL Group. His educational background includes a degree from Xiamen Datung College.
Personal Life
Chang Yun Chung is married and the proud father of 14 children. He resides in Singapore with his family. Following the death of David Rockefeller in 2017, Chung became the world’s oldest billionaire at the age of 100. As of November 2018, he continues to hold this title with a net worth of $1.9 billion, although his wealth previously peaked at $2.5 billion.
