David Chang net worth 2021: How did he make all his money?

David Chang net worth 2021: How did he make all his money?

David Chang is a famous restaurateur, chef, businessman, and television personality. He is the founder of the Momofuku Empire. It is a culinary brand established in 2004 and spread across the United States, Canada, and Australia. Before he rose to fame, he used to be an obscure cook with a failing noodle bar business. But his innovativeness in his cooking made him become one of the most successful chefs of his generation. His influence in the restaurant industry and celebrity status has led to people wondering about the correct David Chang net worth.

David Chang net worth
Momofuku the creation of superstar chef David Chang brings his food to Toronto. Photo: Rene Johnston
Source: Getty Images

David Chang’s restaurants are notable for their innovative and creative take on cuisine. The restaurateur has also enjoyed a large following because he supported local farmers and food purveyors. He has produced several television shows and written extensively about his love for food. As a result, David has made a lot of money and became rich.

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David Chang net worth

David is an American restaurateur, author, and television personality who has an estimated net worth of $60 million. How did David Chang make his money? He made his money from investing in the restaurant business.

Chang is the founder of the Momofuku restaurant group. It is an empire that has spread across the United States, Canada, and Japan. Here is how it all began for Chang on his road to becoming a millionaire:

David started making money as an employee in the 2000s

Before the 2000s, David Chang worked in different jobs. He taught English in Japan, bussed tabled, and held a finance position in New York City. In 2000, he went study at the French Culinary Institute in New York City.

While still in training, he was also serving as a part-time worker at the Mercer Kitchen in Manhattan. Later, he got a job answering phones at the Tom Colicchio’s Craft restaurant. He received a salary for two years at the restaurant before moving to Japan and working at a small soba shop and the Park Hyatt Hotel in Tokyo.

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Chang returned to the USA in the early 2000s and started working at Café Boulud. But he grew dissatisfied with fine dining. In 2004, he opened his first restaurant.

David Chang restaurants

After years of employment, David Chang opened his first restaurant and called it Momofuku Noodle Bar. The bar located in East Village enjoyed lots of positive ratings and feedback from customers. Two years later, he opened his second restaurant named Momofuku Ssam Bar, a few blocks away from his first establishment.

Momofuku Ssam Bar in East Village became a famous place for locals and out-of-towners to eat. Although the city had many restaurants, the Ssam Bar was a one-stop-shop where people could eat excellent food and experience a unique kind of fine dining. As a result, The Infatuation rated it 8.5/10 and called its menu inventive, exciting, and different.

In March 2008, David Chang opened his third restaurant called Momofuko Ko. It is a 12-seat restaurant that takes reservations ten days in advance. Later in 2008, he expanded the Momofuku Ssam Bar into an adjacent space and named it Momofuku Milk Bar.

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David Chang net worth
Chef David Chang attends 2016 US Open Media Food Tasting Preview at USTA Billie Jean King National Tennis Center. Photo: John Lamparski
Source: Getty Images

Between 2009 and 2020, David Chang opened more than ten restaurants in the USA, Canada, and Australia. These include:

  • Ma Peche – New York in 2010.
  • Momofuku Seiobo – Sidney, Australia in 2011.
  • Opened four Momofuku restaurants in Toronto, Canada, in 2012.
  • Momofuku CCDC – Washington, DC in 2015.
  • Momofuku Nishi – New York in 2016.
  • Momofuku Las Vegas – Las Vegas in 2017.
  • Majordōmo – Los Angeles in 2018.
  • Majordomo Meat & Fish – Las Vegas in 2019.

Despite running for eight years, David Chang closed Ma Peche in New York. In March 2020, the Momofuku restaurant group closed all its restaurants temporarily because of COVID-19.

Later, the group decided to consolidate some of its restaurants. It also closed the Momofuku Nishi in Manhattan and Momofuku CCDC in Washington, DC, permanently.

How many Michelin stars does David Chang have?

David Chang has two Michelin Stars under the Momofuko Ko establishment. He received both of them in 2009. Since then, Momofuko Ko has retained the two stars. Furthermore, the restaurant has appeared in the S. Pellegrino World’s Best Restaurants. David has also won:

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  • The James Beard Rising Star Chef of the Year
  • James Beard Outstanding Chef
  • Momofuku SeioboRestaurant of the Year

TV personality

David Chang ventured into television in 2010. His first appearance on TV was in the fifth episode of Treme in season one. He also appeared in the second season of the show as a result of positive ratings. Chang served as a guest judge of Top Chef: All-Stars in 2011.

In 2011, he appeared as a guest judge on MasterChef Australia. David Chang first hosted a show on the PBS network. He hosted the first season of The Mind of a Chef in 2012. In 2013, he appeared on a skit on Event 2, a second album by the hip hop supergroup Deltron 3030.

In 2016, he starred in the IFC TV series titled Documentary Now!. In 2018, the restaurateur created, produced, and starred in a Netflix series called Ugly Delicious. The show ran for two seasons and had 12 episodes. It has positive reviews and even received a Primetime Emmy Awards Nomination for Outstanding Hosted Nonfiction Series or Special in 2020.

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Chang has also appeared in the web series Worth It and The Chef Show. In 2019, he produced another original series on Netflix titled Breakfast, Lunch, and Dinner. Also, he made an appearance as a guest star on Blue’s Clues & You!.

Author

David Chang net worth
Chef David Chang joins Budweiser at an exclusive dinner to launch a coast-to-coast search for the official Bud & Burgers Champion. Photo: John Sciulli
Source: Getty Images

David Chang has written several books and published many articles over the years. In 2009, he produced the Momofuku cookbook that features recipes and photographs from several Momofuku restaurants. It became a New York Times Best Seller. However, the number of copies sold remains unknown.

Between 2011 and 2017, David Chang published a quarterly journal of food writing called Lucky Peach. Lucky Peach was a successful journal that ran for six years. Its publication ended in 2017. In September 2020, Chang released his memoir titled Eat a Peach.

Houses

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Where does David Chang live? He lived in New York for most of his life. It is in New York, where a majority of his restaurants have a base. But after opening several establishments in Los Angeles,

David Chang relocated from New York City to Los Angeles in 2018. Currently, David Chang's house is in Los Angeles, California, where he lives with his wife Grace Seo Chang and his son Hugo.

As of 2021, David Chang net worth is $60 million. He has made his money from investing in the restaurant business, producing TV shows, and writing books. He established 16 restaurants, ten milk bars, one moon place, and nine fuku establishments.

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