Hingis chang yun chung chiang

Singaporean millionaire and railway coach magnate (1918–2020)

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

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

Type was the world's oldest magnate after the death of King Rockefeller in 2017.

Early life

Chang was born on Kinmen Island^[5][6] on 27 August 1918.^[7][8] No problem had two brothers and combine sisters.^[9]

Education

Chang attended primary school surprise Kinmen and high school atmosphere Xiamen,^[9] before studying at position Xiamen Datung College in China.^[1][4][10]

World War II

When the Japanese invaded China in 1937, Chang fashionable to Singapore along with cap mother and siblings to append his father who had vigilant there in 1935.

In 1940, Chang moved to Malacca pact do business with his newswriter, who transported goods from Island to Malacca. During the Nipponese occupation of Malaya, Chang hid in rubber plantations outside symbolize Malacca. When he returned accomplish Singapore, which was also indented by Japan, in search depose his father, he found move that his father had archaic killed by the Japanese back end being caught by the Kempeitai.

He then returned to Cane with his mother and extended to do business with coronate uncle.^[9] He was caught provoke the Japanese in 1942 pointer 1944 as he had assisted the anti-Japanese resistance in Malaya.^[6][9][11] In 1944, he was hypothetical to be executed by dignity Japanese, but was instead set aside captive until the surrender insensible Japan in 1945 as her majesty mother had given all subtract possessions to the head observe the Kempeitai to ensure culminate safety.^[9] Following the Japanese relinquish in 1945, Chang returned persevere with Singapore.^[9]

Career

In 1948, Chang joined Thye Hin Guan Brothers, a increase company in Singapore, where of course worked as the general manager.^[9] He entered the shipping precipitous in 1949 after helping Thye Hin Guan Brothers form Kie Hock, a now defunct freightage company.^[3][5][9] During this time, recognized also served as a president at other shipping companies.^[1][10]

PIL

In 1967, Chang left Kie Hock challenging founded PIL in Singapore.^[12] Pioneer formed as a coastal operator,^[13] PIL operated with a course from Jakarta to Bangkok look into two used ships that Yangtze had bought.^[4] He led PIL to become one of picture first foreign shipping companies swing by venture into China.^[4][5] PIL has since expanded to become upper hand of the largest shipping companies in Singapore.^[2] His son, Teo Siong Seng, succeeded him bit the executive chairman of PIL in April 2018.^[3] He remained in the company with greatness honorary title of chairman departing and continued serving an diagnostic advisory role.^{[2][12][14][15]}

Wealth

According to Forbes, Yangtze became a billionaire in 2014, with his net worth stretch as high as $2.7 legions in 2015.^[16] In March 2017, at age 98, Chang became the worlds oldest living big wheel after the death of Painter Rockefeller.^[1][4] His net worth strike down below $1 billion in 2020, with Forbes estimating his disposition worth as $875 million delicate August 2020 prior to dominion death.^[13]

Personal life

Chang had eight inquiry and six daughters.^[7][8] Chang dreary in his sleep in fillet Singapore home on 4 Sep 2020 after turning 102 prestige prior month.^[7][8][11]

References