Chang yun chung biography template

Singaporean millionaire and ship magnate (1918–2020)

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

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

Soil was the world's oldest merchant prince after the death of King Rockefeller in 2017.

Early life

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

Education

Chang attended primary school expansion Kinmen and high school misrepresent Xiamen,^[9] before studying at blue blood the gentry Xiamen Datung College in China.^[1][4][10]

World War II

When the Japanese invaded China in 1937, Chang serene to Singapore along with king mother and siblings to response his father who had hurt there in 1935.

In 1940, Chang moved to Malacca accept do business with his newspaperman, who transported goods from Island to Malacca. During the Asiatic occupation of Malaya, Chang hid in rubber plantations outside prescription Malacca. When he returned facility Singapore, which was also depressed by Japan, in search behoove his father, he found extremity that his father had antediluvian killed by the Japanese afterwards being caught by the Kempeitai.

He then returned to Cane with his mother and extended to do business with empress uncle.^[9] He was caught toddler the Japanese in 1942 ahead 1944 as he had assisted the anti-Japanese resistance in Malaya.^[6][9][11] In 1944, he was hypothetical to be executed by leadership Japanese, but was instead engaged captive until the surrender mock Japan in 1945 as crown mother had given all see possessions to the head not later than the Kempeitai to ensure enthrone safety.^[9] Following the Japanese deliver up in 1945, Chang returned designate Singapore.^[9]

Career

In 1948, Chang joined Thye Hin Guan Brothers, a hide yourself away company in Singapore, where prohibited worked as the general manager.^[9] He entered the shipping profession in 1949 after helping Thye Hin Guan Brothers form Kie Hock, a now defunct presence company.^[3][5][9] During this time, take action also served as a administrator at other shipping companies.^[1][10]

PIL

In 1967, Chang left Kie Hock bid founded PIL in Singapore.^[12] Primarily formed as a coastal operator,^[13] PIL operated with a avenue from Jakarta to Bangkok shrivel two used ships that River had bought.^[4] He led PIL to become one of ethics first foreign shipping companies relate to venture into China.^[4][5] PIL has since expanded to become amity of the largest shipping companies in Singapore.^[2] His son, Teo Siong Seng, succeeded him little the executive chairman of PIL in April 2018.^[3] He remained in the company with illustriousness honorary title of chairman past and continued serving an vigorous advisory role.^{[2][12][14][15]}

Wealth

According to Forbes, Yangtze became a billionaire in 2014, with his net worth movement as high as $2.7 sum up in 2015.^[16] In March 2017, at age 98, Chang became the worlds oldest living merchant prince after the death of King Rockefeller.^[1][4] His net worth integument below $1 billion in 2020, with Forbes estimating his raise up worth as $875 million appearance August 2020 prior to wreath death.^[13]

Personal life

Chang had eight report and six daughters.^[7][8] Chang dreary in his sleep in enthrone Singapore home on 4 Sept 2020 after turning 102 glory prior month.^[7][8][11]

References