World's Business Leaders

Friday, October 4, 2019

Unbelievable Success Stories

Unbelievable Success Stories

Do Won and Jin Sook Chang


You have no idea about these people? Well, if you're a woman, you're likely to have an element of your brand in your closet, and if you're a man, you probably spent a few hours waiting outside the locker rooms in your international retail chain, Forever 21. When Do Won Chang and his wife escape From South Korea in 1981, he had to work in three jobs to make ends meet, including washing dishes, pumping gasoline and cleaning offices. Jin Suk Chang worked as a hairdresser. With all its accumulated savings of $ 11,000 (£ 8,500), the couple opened a small clothing store in downtown Los Angeles in 1984. The company was so successful that a new store forever 21 opened every 6 months, leading to business growth. The fast fashion giant today has sales of around $ 4.4 billion (£ 3.4 billion), 790 stores in 48 countries and more than 40,000 people.

Jan Koum


When Jan Kum, 16, immigrated with his mother and grandmother to California in 1992, they were living on social assistance, collecting food vouchers and accidentally doing a living. He worked in many computer technology and security jobs that I took to Yahoo! In 1997, he met his future business partner Brian Acton. After taking a break and traveling to South America, both applied to work on Facebook, and both were rejected. The purchase of the iPhone a few months later led to the emergence of an application that would revolutionize communication, and WhatsApp Inc was incorporated into Koum's 33rd birthday. Com hired a programmer from the independent website WhatsApp was born. He contacted Acton, which raised $ 250,000 (£ 193,000) of initial funds through investors and the two became co-founders. Quickly until 2014 and the abandoned social services building through which Kuhn used to collect food vouchers, the co-founders and venture capital signed the agreement, which will be the last payday: selling WhatsApp to Facebook for $ 19 billion (£ 14.6 billion)! Talking about poetic justice!



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