Do Won Chang
Net worth: $5.4 billion
In 1981, Do Won Chang and his wife Jin Sook, came to the United States from South Korea with close to nothing. Do Won had to work as a gas station attendant, in a coffee shop and as a janitor at the same time to support the couple.
The couple later became fascinated by the American fashion industry which pushed them to open a clothing store then named Fashion 21 in Los Angeles. The couple’s relentless focus on quality and selection at a good price resulted in sales of $700,000 in the first year. They used the profits to open even more stores. The company’s name was later changed to Forever 21. The company now has over 500 stores in the United States and more than 100 stores internationally with annual sales of $4.4 billion. Even with the company’s tremendous growth, it remains a family owned business.
Success Habit: “I’m always challenged. Passion has always driven me. As an entrepreneur you have to always change.”