Do Won Chang Net Worth (Updated 2025).

Do Won Chang, the visionary behind the global fast-fashion retailer Forever 21, began his entrepreneurial journey in the bustling city of Seoul, South Korea. Born in 1954, he immigrated to the United States in 1981, seeking new opportunities and a better life. With just $68 in his pocket, Chang started his career in the garment industry, working tirelessly as a janitor in a clothing factory.

Do Won Chang’s Current Net Worth (2025)

As of 2025, Do Won Chang’s net worth is estimated to be approximately $2.9 billion, according to Forbes. This significant wealth is primarily attributed to his successful retail business, Forever 21.

Career

Do Won Chang, a South Korean-American businessman, co-founded the popular fast-fashion retailer, Forever 21, in 1984. He started with a single store in Los Angeles and expanded it into a global brand with over 800 stores in 57 countries. He served as the CEO until 2019, when he stepped down due to the company’s financial struggles.

Other Ventures

Besides Forever 21, Chang has also ventured into other businesses. In 2015, he launched a new fast-fashion brand, F21 Red, targeting a younger demographic. He also owns several real estate properties, including the Forever 21 headquarters in Los Angeles.

Assets

Chang’s assets include a sprawling estate in Beverly Hills, California, valued at around $50 million. He also owns a private jet, a collection of luxury cars, and numerous properties in South Korea and the United States. His art collection, featuring works by renowned artists like Andy Warhol and Roy Lichtenstein, is also worth millions.

Annual Income

While Chang’s annual income varies due to Forever 21’s fluctuating performance, it was reported that in 2018, before the company’s financial downturn, he earned an annual salary of around $1 million. However, this figure is likely to have changed significantly in recent years due to the company’s restructuring and Chang’s reduced involvement.

Frequently Asked Questions about  Do Won Chang

Frequently Asked Questions about Do Won Chang

1. What is Do Won Chang’s net worth?

Do Won Chang’s net worth is estimated to be around $2.5 billion.

2. How did Do Won Chang make his fortune?

Do Won Chang made his fortune by founding the clothing retail company, Forever 21. He started the business in 1984 and expanded it into a global brand.

3. When was Do Won Chang born?

Do Won Chang was born on November 11, 1944.

4. Where was Do Won Chang born?

Do Won Chang was born in South Korea.

5. What is Do Won Chang’s nationality?

Do Won Chang is a South Korean national.

6. What is Do Won Chang’s educational background?

Do Won Chang studied at Ewha Womans University in Seoul, South Korea, where he majored in business administration.

7. When did Do Won Chang immigrate to the U.S.?

Do Won Chang immigrated to the United States in 1981.

8. What was Do Won Chang’s first job in the U.S.?

Do Won Chang’s first job in the U.S. was working at a gas station in California.

9. When was Forever 21 founded?

Forever 21 was founded in 1984.

10. What is Do Won Chang’s current role at Forever 21?

Do Won Chang is the founder and former CEO of Forever 21. He stepped down from his position in 2019 but remains involved in the company.