Singaporean Chang Yun Chung is the world's oldest billionaire and for a centenarian, one would think he is an absent partner in any sort of business he may be involved with but as YEN.com.gh learns, Chung goes to work everyday.
There are hundreds of billionaires in the world, although some figures put them over one thousand. But when you realise there are over seven billion people in the world, you get the fact that billionaires are in a significant minority.
One person who is a unique minority among billionaires is Chang Yun Chung, the owner of one of the world's largest shipping companies. Pacific International Lines (PIL).
Chung is a 100 years old, making the Singaporean the oldest billionaire in the world. And to the amazement of YEN.com.gh, Chung goes to his office to work everyday.
You would think a centenarian would have very little care for work but the that is what makes Chung unique.
Chung, also known as Teo Woon Tiong, has an estimated worth of approximately USD$1.9billion or about GHC 10 billion.
In 2017, he became the world’s oldest billionaire following the death of David Rockefeller, the last surviving grandson of American oil tycoon John D. Rockefeller.
Mothership.sg reports that since founding the company in 1967, Chung has been working every day for the past 51 years.
Chung handed over control of his company to one of his sons, Teo Siong Seng in 2018 but he has not stopped going to work as chairman emeritus in an advisory role.
Chung’s daily routine now includes writing down all his activities in his diary and mentoring his son.
Chung is also guiding Teo as he assumes greater responsibility for what is one of the world’s top 20 shipping companies and its 18,000 employees.
For Chung, PIL is a symbol of what persistence yields. And for his son, it pays to always remember how his father built a worldwide brand.
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