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I sold my company for hundreds of millions and have more money than I'd ever need. Yet at 66, I have no plans to retire.
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business26m ago

I sold my company for hundreds of millions and have more money than I'd ever need. Yet at 66, I have no plans to retire.

  • David Chung sold Farmacy Beauty for hundreds of millions but says entrepreneurship remains his main driver.
  • Chung describes his wealth as ample but not a reason to retire, citing ongoing business interest.
  • Chung aims to combine wealth with giving back, supporting the Korean American community.
  • His career began in his 20s with a small video rental store that evolved into gifts and cosmetics.
  • Farmacy Beauty was acquired by Procter & Gamble in a deal Chung keeps undisclosed.
  • Chung shifts from retail to research, design, and manufacturing to grow his businesses.
  • Despite wealth, Chung plans to keep working and may retire only tentatively in a few years.
  • Chung's motivation centers on accomplishment and solving new business ideas, not money.
  • He recalls his mother's influence, immigrating with little and building a family business.
  • Chung views wealth as a lever for community impact and opportunity.
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