World's oldest billionaire still goes to the office at age 101

World's oldest billionaire still goes to the office at age 101

- The world's oldest billionaire, Chang Yung (who has a nett worth of $1.6 billion) still goes to office at age 101

- The owner of Pacific International Lines, a company that made him most of his fortune, goes in to offer guidance to his son, Teo Siong Seng, the new company's chairman

- Though the company has been having a hard time with the ongoing US-China trade war, his son hopes the company will come back strong

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With a nett worth of $1.6 billion and aged 101, Chang Yung still goes to the office bright and early just like any other normal person, Forbes reports.

It should be noted that Chung, who made most of his fortune from shipping, handed over Pacific International Lines to his son, Teo Siong Seng, in 2018.

Despite that, he still goes to his office every day to guide the company as its board chairman emeritus.

The company recently suffered a $208 million marginal loss in 2018 due to the US-China trade war.

On the other hand, his son is quite hopeful that the company will bounce back from its challenges. It should be noted that the shipping company was founded in 1967 and Chang steered its affairs for 51 years.

According to Forbes, the company is also working on blockchain technology to improve its supply service and be able to track cargo in real time.

Meanwhile, Briefly.co.za reported that billionaire Bill Gates officially surpassed Amazon chief executive officer Jeff Bezos at world's richest person on earth with a net worth of $110 billion.

The Amazon founder had ended Gates' 24-year run as the richest man in 2018 with a nett worth of $160 billion.

READ ALSO: Former US First Lady Michelle Obama nominated for a Grammy Award

However, the Microsoft co-founder regained the lead on Friday, 15 November after Microsoft stock went up nearly 48% in 2019, helping boost the value of his stake in the tech giant.

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Source: Briefly.co.za

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