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

Chang Yung Fa & Family Latest News

Container Shipping Line Head Honoured Yet Again

TAIWAN – GERMANY – The Chairman of the Evergreen Group, Dr Chang Yung-Fa is certainly no stranger to receiving public accolades, up until this year the good doctor had received no less than fourteen medals of honour plus eight honorary doctorates for ...
Posted: March 13, 2014, 9:42 am

Taiwan President Honors Evergreen Founder Dr. Chang Yung-Fa

Taiwan 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 during the memorial service today. Taiwan’s Education ...
Posted: February 3, 2016, 4:00 pm

At 'Hello Kitty' airline EVA, investors fret after chief ousted in family feud

At stake for the Chang family is control of shipping and transport giant Evergreen Group, whose founder and patriarch Chang Yung-fa died in January. For institutions invested in EVA, like the Vanguard Group and BlackRock, the question is simpler ...
Posted: March 17, 2016, 4:08 pm

University of Houston-Downtown receives $2 million gift from Taiwanese entrepreneur to support students

the University of Houston-Downtown (UHD) has established the Dr. Yung-Fa Chang Endowment for Student Grants-In-Aid, in honor of the Taiwanese entrepreneur. Yung-Fa Chang is a businessman and philanthropist involved in international air and sea shipping ...
Posted: July 12, 2012, 5:34 am

Family business succession needs to be addressed at launch, not retirement

When Chang Yung-fa, the founder of Evergreen Group, one of Taiwan's biggest family-owned conglomerates, died in January a dispute between his sons from his first wife and another, younger son from his second wife quickly erupted over control of the multi ...
Posted: May 12, 2016, 8:59 pm
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