Born in Kinmen, China in 1919. Singapore-based business magnate and entrepreneur Chang Yun Chung also known as Teo Woon Tiong, has an estimated net worth of $2.4 billion, according to Forbes. A graduate of Xiamen Datung College, he started his business career in 1949 before becoming the co-founder of the shipping company Pacific International Lines in 1967. He has since overseen its tremendous expansion from a small firm to one of the largest privately-held shipping companies in the world. Pacific International Lines has 180 ships and Chung owns 94% of the company. Asides from company’s success, the billionaire is also the owner of Singamas Container Holdings which is one of the largest container manufacturers in the world. He serves as the Chairman of Malaysia Shipping Corporation Sdn. Bhd and Executive Chairman of the PIL Group. Almost reaching a century year old, the powerful and influential businessman was ranked #12 on Forbes’ Singapore’s 50 Richest and #782 on Forbes’ 2015 Richest People On The Planet. Chang Yun Chung is married with 14 children and lives in Singapore and his son Teo Siong Sen currently chairs his container company as well as the Singapore Business.