World’s oldest billionaire, 100, STILL goes to work every day after an eight-decade career
- Chang Yun Chung founded Singaporean shipping company Pacific International
- He has been going into the Singapore office for 51 years since it was founded
- Recently his son Teo Siong Seng took control but they still have daily meetings
The world’s oldest billionaire has revealed he still goes into the office every day despite his advancing years.
Chang Yun Chung, founder of Singaporean shipping company Pacific International Lines (PIL), handed over control of the company to his son earlier this year.
But that hasn’t stopped him making daily appearances at the office to check everything is running smoothly.
Chang Yun Chung (right), founder of Pacific International Lines (PIL), with his son Teo Siong Seng (left)
According to the 100-year-old billionaire, who is ranked 1,284th on the Forbes list of world’s richest people, he conducts rigorous meetings with the heads of each department on his visits.
‘I cannot stay at home,’ said the self-made billionaire told CNBC. ‘(I’d get) very, very bored.’
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‘Every day, I write down all my activities in my diary, everything,’ said Chang. ‘Every department comes to see me.’
Chang, now worth $1.9billion, set up PIL in Singapore in the 1960s after buying two second hand container ships.
Chang Yun Chung founded PIL which is currently the world’s ninth largest shipping company
And over the decades he has watched it blossom into one of the world’s ninth biggest shipping company with a workforce of nearly 20,000 employees.
But the veteran entrepreneur claims there is a very simple secret to his success.
‘I never lose my temper,’ he said. ‘(I) cannot. When you lose your temper, you just cannot control yourself.’
Chang’s son, Teo Siong Seng, the company’s new director, says he also has daily meetings with his father who still likes to keep an eye on him.
Teo also says he has learnt his father’s philosophy of gaining respect by proving your ability and integrity in front of employees.
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