Do Won Chang

Do Won Chang is a billionaire Korean-born American businessman. He founded the clothing store chain Forever 21 with his wife Jin Sook Chang.

  • Do Won and Jin Sook Chang cofounded teen apparel retailer Forever 21, which has 800 stores in 57 countries.
  • The couple fell of Forbes’ billionaire ranks in July 2019 amid a sales slowdown that has reportedly brought the firm to the brink of bankruptcy.
  • In 1984, the Changs started the chain with a 900-square-foot store in Los Angeles and a mere $11,000 in savings.
  • They hit $700,000 in revenue the first year, prompting them to open a new store every 6 months; Revenue peaked at an estimated $4.4 billion in 2015.
  • The pair immigrated to the U.S. from South Korea in 1981 with not much more than a high school education.

Do Won Chang Forever 21