Do Won Chang

Date of Birth: March 20, 1954

Zodiac Sign: Pisces

Biography

Do Won Chang is a South Korean-American businessman best known as the founder of the global fashion retailer Forever 21. Born in South Korea, Chang and his wife, Jin Sook, emigrated to the United States in 1981 in search of better opportunities. Initially, Chang worked multiple jobs, including janitorial work, pumping gas, and working at a coffee shop, to make ends meet. In 1984, the couple opened their first store, Fashion 21, in Los Angeles, California with $11,000 in savings. The store was an immediate success, and the business was rebranded as Forever 21. Under Chang’s leadership, the company grew rapidly, expanding its footprint globally to over 800 stores. Forever 21 became known for its trendy, affordable clothing and became a staple for many young shoppers. Despite facing financial challenges and filing for bankruptcy in 2019, the brand remains a significant name in the fashion industry. Do Won Chang’s story is often celebrated as a quintessential example of the American Dream.

5 Interesting Facts about Do Won Chang

1. Do Won Chang and his wife, Jin Sook, initially named their store Fashion 21 before rebranding it to Forever 21.

2. The first Forever 21 store was only 900 square feet but made $700,000 in sales in its first year.

3. Chang worked three jobs simultaneously when he first moved to the United States.

4. Forever 21’s distinctive yellow shopping bags feature the Bible verse John 3:16 at the bottom.

5. Despite filing for bankruptcy in 2019, Forever 21 continues to operate under new ownership and management.

5 Most Interesting Quotes from Do Won Chang

1. “I always wanted to work for myself. That was my dream.”

2. “The American Dream is still alive and well. Look at me—I’m living proof.”

3. “Fashion is not just about clothes; it’s about making a statement.”

4. “Success is not about luck; it’s about hard work and perseverance.”

5. “Even in difficult times, you have to keep moving forward.”

Highest Net Worth Achieved

At its peak, Do Won Chang’s net worth was estimated to be around $5.9 billion.

Children

Do Won Chang and his wife Jin Sook have two daughters, Linda and Esther Chang, both of whom have been involved in the family business. Linda Chang has served as the Vice President of Merchandising at Forever 21.