Chang Yung Fa Net Worth is$1.45 Billion
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Date of Birth: 1927
Chang Yung Fa Net Worth: Chang Yung Fa is a Taiwanese businessman who has a net worth of $1.45 billion. Chang Yung Fa has accumulated his wealth as the founder and chairman of the now publicly listed Evergreen Group, which is a Taiwan-based conglomerate of shipping, transportation, and associated service companies. Born in 1927, in Penghu, Taiwan (while it was under Japanese rule), he started his professional career right after he finished high school at the age of 18. At first, he worked in a Taipei office of a Japanese shipping line. Then, in the post-World War II period, Chang became third officer at a local shipping company, and progressed through the ranks to a captain. It was in 1961 that Mr. Yung Fa united with some friends to found a shipping company, which developed successfully thanks to Chang's experience in the business. After a while, he decided to branch out on his own with the establishment of Evergreen Marine Corporation on September 1, 1968. Ever since, the Evergreen Group has evolved and expanded beyond the shipping industry with operations in heavy industrial development, air transport, hotels and resorts services. With the growth of the company, Chang Yung Fa's fortune swelled as well until 2012, when he saw some fall due to global losses in the shipping industry. In addition to the above, he manages Taiwan carrier EVA Air and Evergreen International Storage and Transport. A great philanthropist as he is, Chang Yung Fa gave $10 million to earthquake victims in China in 2013.
Chang Yung-fa (? 1/4 uae?(R)?? 1/4 ) (1927, Penghu, 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 built his fleet up to twelve, running them empty when necessary to convince his customers his services were regular and reliable. 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/agents worldwide, now comprises about 30 major corporations worldwid

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Chang Yung Fa Latest News

EVA Airways chairman to inherit fortune of Evergreen billionaire

... EVA Airways Corp. Chairman Chang Kuo-wei on Thursday said he was set to inherit the position and fortune of the late Chang Yung-fa, the billionaire chairman of the Evergreen Group. Chang Yung-fa, who died at the age of 88 in January, had been widely ...
Posted: February 18, 2016, 6:20 pm

Taiwan billionaire shipping tycoon Chang Yung-fa dies aged 90

TAIPEI (AFP) - The founder of one of the world's largest shipping companies, the billionaire Taiwanese tycoon Chang Yung-fa, has died on Wednesday (Jan 20) aged 90, his company said. Mr Chang started Evergreen Marine Corp in 1968 with a single cargo vessel ...
Posted: January 19, 2016, 4:00 pm

EVA Air Chairman Replaced After Board Meeting

Chang had been chairman since 2013. His father Chang Yung-fa, who founded the Evergreen Group, died in January and named Chang to succeed him as group chairman and as his sole heir, a source familiar with the situation said. Chang's replacement comes after ...
Posted: March 10, 2016, 4:00 pm
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