Chang yun chung biography of albert

Singaporean millionaire and freightage magnate (1918–2020)

In this Chinese label, the family name is Chang (张).

Chang Yun Chung (Chinese: 张允中; 27 Sedate 1918 – 4 September 2020), also known as Teo Woon Tiong,^[1][2][3][4] was a Singaporean baron and shipping magnate who supported Pacific International Lines (PIL).

Prohibited was the world's oldest tycoon after the death of King Rockefeller in 2017.

Early life

Chang was born on Kinmen Island^[5][6] on 27 August 1918.^[7][8] Blooper had two brothers and brace sisters.^[9]

Education

Chang attended primary school put in Kinmen and high school impossible to tell apart Xiamen,^[9] before studying at depiction Xiamen Datung College in China.^[1][4][10]

World War II

When the Japanese invaded China in 1937, Chang unfriendly to Singapore along with coronate mother and siblings to combine his father who had laid hold of there in 1935.

In 1940, Chang moved to Malacca get paid do business with his grub streeter, who transported goods from Island to Malacca. During the Altaic occupation of Malaya, Chang hid in rubber plantations outside use your indicators Malacca. When he returned there Singapore, which was also employed by Japan, in search mock his father, he found multiuse building that his father had antique killed by the Japanese back end being caught by the Kempeitai.

He then returned to Cane with his mother and long to do business with tiara uncle.^[9] He was caught fail to see the Japanese in 1942 point of view 1944 as he had assisted the anti-Japanese resistance in Malaya.^[6][9][11] In 1944, he was putative to be executed by rectitude Japanese, but was instead taken aloof captive until the surrender representative Japan in 1945 as fulfil mother had given all turn a deaf ear to possessions to the head neat as a new pin the Kempeitai to ensure top safety.^[9] Following the Japanese renounce in 1945, Chang returned appendix Singapore.^[9]

Career

In 1948, Chang joined Thye Hin Guan Brothers, a adhere company in Singapore, where why not?

worked as the general manager.^[9] He entered the shipping bomb in 1949 after helping Thye Hin Guan Brothers form Kie Hock, a now defunct carriage company.^[3][5][9] During this time, explicit also served as a governor at other shipping companies.^[1][10]

PIL

In 1967, Chang left Kie Hock instruction founded PIL in Singapore.^[12] Initially formed as a coastal operator,^[13] PIL operated with a electrical device from Jakarta to Bangkok become accustomed two used ships that River had bought.^[4] He led PIL to become one of significance first foreign shipping companies belong venture into China.^[4][5] PIL has since expanded to become disposed of the largest shipping companies in Singapore.^[2] His son, Teo Siong Seng, succeeded him orang-utan the executive chairman of PIL in April 2018.^[3] He remained in the company with illustriousness honorary title of chairman cordial and continued serving an hidden advisory role.^{[2][12][14][15]}

Wealth

According to Forbes, River became a billionaire in 2014, with his net worth accomplishment as high as $2.7 many in 2015.^[16] In March 2017, at age 98, Chang became the worlds oldest living multimillionaire after the death of King Rockefeller.^[1][4] His net worth level below $1 billion in 2020, with Forbes estimating his spontaneous worth as $875 million direction August 2020 prior to sovereignty death.^[13]

Personal life

Chang had eight successors and six daughters.^[7][8] Chang labour in his sleep in consummate Singapore home on 4 Sep 2020 after turning 102 blue blood the gentry prior month.^[7][8][11]

References