Chang Yung Fa & Family Net Worth is$1,850 $Million
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Chang Yung-fa (a 1/4 uae?(R)c? 1/4 ) (1927, Penghu, Republic of China (Taiwan)) is the founder and Group Chairman of the Evergreen Group.
In 1927, Chang was born in Penghu, while Taiwan was under Japanese rule. After graduating from Taipei Commercial High School at the age of 18, he went to work in the Taipei office of a Japanese shipping line.
After World War II, he joined the seagoing staff of a local shipping company as third officer. His subsequent career was spent with various local companies and he progressed through the ranks to captain.
In 1961, Dr. Chang and some friends jointly established a shipping company and, having helped this company to develop, he decided to branch out on his own, establishing Evergreen Marine Corporation on September 1, 1968 with just one secondhand 15,000 ton vessel, Central Trust.
Over the next four years, Chang painstakingly built his fleet up to twelve, running them empty when necessary to convince his customers his services were both as regular as clockwork and as reliable as the sunset. Within a year, he had expanded to the Middle East. Within three, Chang was dispatching Evergreen ships to the Caribbean.
In 1975, Chang realized that containerisation was the way forward. He built four advanced S-type container ships and launched his U.S. East Coast service. Fifteen months later, he added the West coast of the United States to his network. Europe followed in 1979.
By 1984, he started his most ambitious service yet- two 80-day round-the-world services, one circling the globe in an easterly direction, the other westward. Departing every 10 days, the 20 G-type container ships he employed had a capacity of 2,728 containers each and could travel at a speed of 20.5 knots.
The Evergreen Group has expanded beyond the shipping industry to encompass operations in heavy industrial development, air transport, hotels and resorts services.
The Evergreen Group, with over 27,000 employees and more than 220 offices/agen

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Chang Yung Fa & Family Latest News

Chang Yung-fa Net Worth

All net worths are calculated through the combination of a robust methodology and a proprietary algorithm. The results are fact checked and confirmed by a team of editors and industry insiders. We ...
Posted: August 27, 2017, 6:39 pm

Chang Yung-fa, Taiwan’s Evergreen Group Founder, Dies at 88

(Bloomberg) -- Chang Yung-fa, the billionaire founder of Evergreen Group who turned a second-hand bulk carrier into Asia’s biggest container-shipping line, has died. He was 88. He died at 11:05 a.m.
Posted: December 30, 2018, 4:00 pm

Evergreen Founder Honored Posthumously

Taiwan’s President Ma Ying-jeou honored Evergreen Group founder Dr. Chang Yung-Fa with a posthumous commendation in recognition of his contributions to international transportation and social welfare ...
Posted: February 4, 2016, 1:17 pm
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