#1 out of 1562.0 est. views
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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