Chang Yun Chung, also known as Teo Woon Tiong, was a Singaporean billionaire and shipping magnate who founded Pacific International Lines (PIL). He was the world’s oldest billionaire after the death of David Rockefeller in 2017. Chang Yun Chung was born in Singapore on August 27, 1918, and died on September 4, 2020, at the age of 102.
Chang Yun Chung was a successful businessman who built a shipping empire out of nothing. His career began as a shipyard laborer, and he eventually rose to become the founder and chairman of Pacific International Lines, the world’s largest container shipping company. He was also the chairman of the Singapore Exchange, the country’s stock exchange. At the time of his death, Chang Yun Chung had an estimated net worth of $5.5 billion.
Life and Career of the Oldest Living Billionaire
Chang Yun Chung started his career as a shipyard laborer in his hometown of Singapore. In 1967, he founded Pacific International Lines (PIL) with the help of his brother, Teo Tiong Tick. PIL became one of the world’s largest container shipping companies and the largest in Southeast Asia.
Chang Yun Chung was a self-made billionaire who was known for his hard work and determination. He took risks and never shied away from difficult decisions. He was also known for his frugality and his willingness to reinvest profits back into the company.
Chang Yun Chung was an astute businessman and a shrewd investor. He was an early adopter of technology, and he was the first to invest in modern container ships. He also invested in the Singapore Exchange, the country’s stock exchange, and he was the chairman of the board.
Legacy of Chang Yun Chung
Chang Yun Chung was a highly successful businessman and a respected leader in the shipping industry. He was an innovator who was always looking for new ways to improve his business. He also had a passion for philanthropy and was a generous donor to charity.
Chang Yun Chung was an inspiration to many, and he was a great example of what can be achieved with hard work and determination. He was an example of how success can be achieved through hard work and dedication.
Chang Yun Chung was a successful businessman and a respected leader in the shipping industry. He was a self-made billionaire who built a shipping empire out of nothing. He was an innovator and a shrewd investor who embraced technology and took risks. He was also a generous philanthropist who was dedicated to giving back. Chang Yun Chung’s legacy will live on for many years to come.