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.
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.’
‘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.
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.