Chang Yung Chung: World's oldest billionaire still goes to the office at 101

Chang Yung Chung: World's oldest billionaire still goes to the office at 101

- The world's oldest billionaire, Chang Yung, with a net worth of $1.6 billion (N578,400,000,000) still goes to office at age 101

- Owner of Pacific International Lines, a company that made him most of his fortune, he goes to offer guidance to his son, Teo Siong Seng, the new company's chairman

- Though the company has been having a hard time with the ongoing US-China trade war, the son hope the company will come back strong

You would think those, who by every financial standard, have it all would slow down, retire and enjoy their wealth for the remaining part of their lives. If you think they would, then the story of the world’s oldest billionaire, Chang Yung Chung, will shock you.

With a net worth of $1.6 billion and age 101, he still goes to office at the right time just like any other normal person who does not have a pinch of his wealth would, Forbes reports.

It should be noted that Chung, who made most of his fortune from shipping handed over his Pacific International Lines to his son, Teo Siong Seng, in 2018.

Despite that, he still goes to his office every day as he guides the company as its board chairman emeritus.

Well, this may not, however, be unconnected with the $208 million marginal loss the company suffered in 2018 as the company ramped up production costs, even as the US-China trade war is making things a bit difficult for the company.

On the other hand, his son is quite hopeful that the company will bounce back from its challenges. It should be noted that the shipping company was founded in 1967 and Chang steered its affairs for 51 years.

According to Forbes, the company is also working on blockchain technology to improve its supply service and be able to track cargo in real-time.

Meanwhile, earlier reported that billionaire Bill Gates officially surpassed Amazon chief executive officer Jeff Bezos at world's richest person on earth with a net worth of $110 billion

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The Amazon founder ended Gates' 24-year run as the richest man in 2018 with a net worth of $160 billion

However, the Microsoft co-founder regained the lead on Friday, November 15, after Microsoft stock went up nearly 48% in 2019, helping boost the value of his stake in the tech giant.

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Source: Yen

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