What is Michael Chang's Net Worth?
Michael Chang is an esteemed American tennis player with a net worth of $20 million. His tennis talent emerged early, setting numerous records as the youngest winner of various junior tournaments. At 12, he won his first major title and, by 13, won the Fiesta Bowl competing against 16-year-olds. At 15, he became the youngest player to reach a professional event semifinal. Prioritizing tennis, he left school and obtained his GED while traveling for tournaments. Remarkably, at 17, Chang became the youngest male to win a Grand Slam, securing the French Open. His win made him the first American to claim the French Open title in 34 years. Although he didn't win additional Grand Slam titles, he made it to the finals of both the US Open and Australian Open and won numerous tour and Master Series matches. In 2008, he was inducted into the Tennis Hall of Fame.
Career Earnings
Throughout his professional career, Michael Chang earned close to $20 million in tournament prize money.
Early Life
Born on February 22, 1972, in Hoboken, New Jersey, Michael Chang hails from Taiwanese parentage and has an elder brother named Carl. The family moved frequently, from St. Paul, Minnesota, to Placentia, California, and finally to Encinitas to enhance Michael and Carl's tennis opportunities. As a teenager, Michael attended San Dieguito High School before leaving in the tenth grade after passing his GED.
Junior Career
Michael Chang gained attention as an exceptional junior player. At 12, he garnered his first national title with the USTA Junior Hard Court singles win. The following year, he claimed victory at the Fiesta Bowl 16s. By age 15, he won the USTA Boys 18s Hardcourts and the Boys 18s Nationals.
Professional Career
Chang continued to break milestones as a professional. In 1987, he became the youngest player to win a main draw match at the US Open, defeating Paul McNamee in the first round. A month later, he became the youngest to reach the semifinals of a top-level professional tournament in Scottsdale, Arizona. By 16, he celebrated his first top-level singles title in San Francisco. His pinnacle achievement came in 1989 when he triumphed over Stefan Edberg to win the French Open, making him the youngest male Grand Slam winner at 17. He became the first American man to win the French Open since 1955. Chang's success vaulted him into the top five global players.
In the 1992 US Open semifinals, Chang faced Edberg in a historic five-and-a-half-hour match, the longest in US Open history, ultimately losing. Over the subsequent years, he reached three more Grand Slam finals: the French Open in 1995, the Australian Open in 1996, and the US Open in 1996, but fell short each time. In 1997, he celebrated his third Indian Wells Masters victory. Despite solid performances in following years, including a 2000 Los Angeles win, he never made it to another Grand Slam final. Chang retired in 2003 with a commendable 34 top-level singles titles and a peak world ranking of No. 2.
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Team USA
Beyond the professional circuit, Chang represented the US in several international events. In 1990, he was instrumental in helping the US win the Davis Cup for the first time in six years. At the 1992 Barcelona Summer Olympics, he reached the second round. In 1993, he contributed to the US's victory in the World Team Cup. Chang participated in the 2000 Sydney Olympics but was eliminated in the first round.
Business and Philanthropy
Michael Chang has also engaged in numerous business and philanthropic activities. With his family, he founded CMCB Enterprises, holding a robust real estate portfolio across California, Arizona, Texas, and Colorado. They acquired Dunton Realty and SullivanHayes. Throughout his career, Chang secured major endorsements with brands like Reebok, Panasonic, Longines, and Tiger Balm.
Philanthropically, Chang and his family established the Chang Family Foundation, promoting Christianity through community and international initiatives. He launched several grassroots tennis programs in Asia, including the Stars of the Future and the Reebok Challenge. Chang also served as a national spokesperson for the National Fish and Wildlife Foundation.
Personal Life
In 2008, Michael Chang married fellow former tennis professional Amber Liu. Together, they have two daughters, Lani and Maile.
Real Estate
From 1998 to August 2020, Michael Chang owned a luxurious 10,300-square-foot mansion on 10.3 acres in Trabuco Canyon, California. He listed the property for $8 million in April 2019, selling it for $6 million in August 2020. In 2004, Chang purchased a lakefront mansion in Mission Viejo, California, for $1.825 million.
