What is Michael Chang’s Net Worth?
Michael Chang, the American tennis player, has a net worth of $20 million. He was a prodigy, setting records as the youngest player to win various junior tournaments. He won the Fiesta Bowl at age 13, playing 16-year-olds, and became the youngest player to ever reach the semifinal at a professional level event at age 15. He won the French Open at age 17 and 110 days, becoming the youngest male player to ever win a Grand Slam event and the first American to win the French Open in 34 years. He was inducted into the Tennis Hall of Fame in 2008. Despite only winning one Grand Slam title, he won numerous tour and Master Series matches. He dropped out of school to focus on tennis and passed his GED while traveling for tournaments.
Michael Chang’s Tournament Prize Money
Michael Chang, over the course of his professional career, accumulated nearly $20 million in tournament prize money.
Early Life and Education
Michael Chang was born on February 22, 1972 in Hoboken, New Jersey to Taiwanese parents. He has an older brother named Carl. When Chang was young, he moved with his family to St. Paul, Minnesota, where he learned to play tennis. The family then moved to Placentia, California, and then to Encinitas so Chang and his brother could have better tennis opportunities.
As a teenager, he went to San Dieguito High School, which he ultimately left in the tenth grade after passing his GED.
Chang’s Junior Tennis Career
Michael Chang gained recognition in the tennis world as a remarkable junior player. At the age of 12, he won the USTA Junior Hard Court singles title. The following year, Chang emerged victorious in the Fiesta Bowl 16s. He continued to excel, securing wins in the USTA Boys 18s Hardcourts and the Boys 18s Nationals at the age of 15.
Chang’s Record-Setting Career
Michael Chang set numerous records during his professional tennis career. In 1987, he became the youngest player to win a main draw match at the US Open, and a month later, he became the youngest player to reach the semifinals of a top-level professional tournament. In 1988, he won his first top-level singles title at San Francisco, and in 1989, he became the youngest player to win a Grand Slam title when he defeated Stefan Edberg at the French Open. He went on to reach three more Grand Slam finals but failed to win any. Chang retired in 2003 with 34 top-level singles titles and a peak rank of world No. 2.
Professional Tennis Career
Michael Chang played for the US tennis team and was instrumental in helping the team win the Davis Cup in 1990, its first in six years. He also represented the US at the 1992 Summer Olympics in Barcelona and reached the second round. Additionally, he helped the US win the World Team Cup in 1993. Chang returned to the Olympics in 2000 in Sydney but was eliminated in the first round.
Chang’s Business and Philanthropic Ventures
Michael Chang has been involved in various business and philanthropic ventures throughout his career. He established the holdings company CMCB Enterprises with his family, which has a portfolio of real estate throughout California, Arizona, Texas, and Colorado. The family also purchased the retail brokerage and property management firm Dunton Realty and the real estate company SullivanHayes.
Chang had a number of major endorsement deals during his tennis career with brands such as Reebok, Panasonic, Longines, and Tiger Balm. He also launched programs such as Stars of the Future and the Reebok Challenge to support grassroots tennis development in Asia.
On the philanthropic side, Chang and his family helped found the Chang Family Foundation, which promotes Christianity through community and international programs. Chang also served as a national spokesperson for the National Fish and Wildlife Foundation.
Family Life
Michael Chang married Amber Liu, a former professional tennis player, in 2008. They have two daughters named Lani and Maile.
Michael Chang’s Real Estate Holdings
From 1998 until August 2020, Michael Chang owned a massive 10,300 square foot gated mansion on 10.3 acres in Trabuco Canyon, California. In April 2019, he listed the property for sale for $8 million but eventually accepted an offer of $6 million in August 2020.
In 2004, Michael purchased a lakefront mansion in Mission Viejo, California, for $1.825 million.
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