Chang Yun Chung

#782

Chang Yun Chung

$2.4 Billion
Age
:
96
Source
:
shipping, Self Made
Gender
:
Male
Residence
:
Singapore, Singapore
Marital Status
:
Married
Children
:
14
Citizenship
:
Singapore
Description :

Chinese-born shipping magnate Chang Yun Chung, also known as Teo Woon Tiong, cofounded his Singapore-headquartered Pacific International Lines in 1967 and grew it from a small coastal operator into one of the largest shipping companies in the world, with a fleet of 180 ships. Chang owns 94% of the privately-held company, which accounts for the bulk of his fortune. Other assets include Hong Kong-listed Singamas Container Holdings, one of the world's largest container manufacturers. Demand for containers has been fluctuating, reflected in the stock which is down by more than a fourth over the past year. Son Teo Siong Sen runs daily operations and also heads the Singapore Business Federation.

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