Chang Yung Fa & family
Logistics

Chang Yung Fa & family Net Worth

Chang Yung Fa, born in Taiwan in 1927, is the chairman of Evergreen Marine, one of the world's largest shipping companies. His wealth has increased significantly due to the rise in share prices of his airline, EVA Air, which has been attributed to lower fuel prices and increased travel between Taiwan and mainland China. With over 160 vessels, Chang's company is a major player in the global shipping industry.
Chang Yung Fa & family is a member of Logistics

Age, Biography and Wiki

Birth Day October 06, 1927
Birth Place Taiwan
Age 93 YEARS OLD
Died On 20 January 2016(2016-01-20) (aged 88)\nTaipei, Taiwan
Birth Sign Scorpio
Occupation businessman, corporate executive

💰 Net worth: $1.8 Billion (2024)

Chang Yung Fa and family have established themselves as prominent figures in the logistics industry in Taiwan. With their wealth estimated to reach $1.8 billion by 2024, they represent both success and influence in this sector. As leaders in the field, the family's net worth reflects their business acumen and strategic investments, which have propelled them to the top of the logistics market in Taiwan. Through their notable achievements, Chang Yung Fa and family have not only created a respected reputation but also have amassed significant wealth as a result.

2010 $1.1 Billion
2011 $1.6 Billion
2012 $1.9 Billion
2013 $1.5 Billion
2014 $1.5 Billion
2015 $1.8 Billion
2018 $1.8 Billion

Biography/Timeline

1968

In 1961, 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 1 September 1968 with just one secondhand 15,000 ton vessel, Central Trust.

1975

In 1975, Chang realised that containerisation was the way forward. He built four advanced S-type container ships and launched his US East Coast Service. Fifteen months later, he added the West coast of the United States to his network. Europe followed in 1979.

1984

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.

2012

The Evergreen Group, with over 27,000 employees and more than 220 offices worldwide, now comprises about 30 major corporations worldwide, 3 of which are listed on the Taiwan Stock Exchange. During the 2012 Republic of China presidential election, Mr Chang expressed his disapproval of the so-called Taiwan Consensus. The China Post reported that he said that the ""Taiwan Consensus" smacks of Taiwan independence" which the paper said was "not his cup of tea". In February 2012, it was reported that Chang had pledged "to give away all his wealth" (approximately US$1.69 billion), primarily via the Chang Yung-fa Foundation.

2016

Chang was married twice, first to Lin Chin-chih, with whom he had four children. His second wife Lee Yu-mei bore him one son. On 20 January 2016, Chang died at the age of 88.

Some Chang Yung Fa & family images

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.