Born Michael Te-Pei Chang on the 22nd February 1972, in Hoboken, New Jersey USA, he is a retired professional tennis player, best known to the world for being the youngest player in the history of sports to win a Grand Slam title, when in 1989 he won the French Open. His career was active from 1987 until 2003. After retirement, he stayed in the sport by working as a coach.
Have you ever wondered how rich Michael Chang is, as of mid-2016? According to authoritative sources, it has been estimated that Michael Chang`s net worth is as high as $30 million, an amount earned through his successful career in tennis. Apart from earning more than $19 million on tour thanks to the titles he won, Michael signed several multi-million dollar sponsorship deals, including one with Reebok in 1988, which also improved his net worth.
Michael Chang Net Worth $30 Million
Michael is multi-ethnic; his father Joe, was born in the People`s Republic of China, but moved to Taiwan when he was seven years old, while his mother, Betty was born in India, and moved to Taiwan. However, roathe d took both of them to USA, where they met through a mutual friend.
Michael started playing tennis after he and his family moved to St. Paul, Minnesota, and then to Placentia, California and later Encinitas, California, in order for Michael to get better tennis coaches and training. When he turned 15 he was the No. 163 while still an amateur, and decided to quit education, and dedicate full-time to tennis, although he did acquire his GED in 1988.
In his junior years, Michael was regarded as one of the most outstanding players in the history of tennis, as he set several age and ‘youngest’ records. He won his first title at the age of 12, the USTA Junior Hard Court singles, and the following year he won the Fiesta Bowl 16s. In 1987 he became professional, but still competed in junior events, winning the USTA Boys 18s Hardcourts and The Boys 18s Nationals. That year he reached the main draw of the US Open, becoming the youngest player to achieve such status.
However, the greatest achievement in his entire career happened in 1989, when he won the French Open at 17 years and 110 days, defeating Stefan Edberg in five sets, becoming the youngest ever tennis player to win any Grand Slam title. On the road to finals, Michael defeated such players as Eduardo Masso, Pete Sampras and Francisco Roig, reaching the fourth round losing only one set. In the fourth round he played Ivan Lendl, and won in the fifth set of the match. He then defeated Ronald Agénor and Andrei Chesnokov, who had defeated Mats Vilander in the previous round.
After the victory at French Open, Michael was hyped as the new tennis star, however, he never reached his full potential, despite ranking the second on the ATP list in 1996. He won 34 career titles, seven of which are Masters Series, including Canada (Toronto) 1990, Indian Wells 1992, 1996 and 1997, Miami 1992, Cincinnati in 1993 and 1994, which certainly increased his net worth.
Five years after retirement, Michael was inducted into the International Tennis Hall of Fame.
In 2014 he became the coach of top Asian-ranked player Kei Nishikori, which also added a substantial amount to his net worth.
After retirement, he and his family started CMCB Enterprises, a real estate holdings company, through which he now owns several shopping centers in USA. Furthermore, he bought the Dunton Realty Co. in 2003, changing the name to Dunton Commercial Real Estate Co., and the following year bought SullivanHayes Cos.. which is a retail real estate company, responsible for the development of the 17 acre retail center along Pena Boulevard, close by Denver International Airport.
Regarding his personal life, Michael has been married to Amber Liu since 2008; she is also a tennis player. The couple has two children together.
Michael has also been recognized as a great philanthropist; he started his own Chang Family Foundation, through which he started several programs to develop and popularize tennis in Asia. He won several awards for his contributions, and was named one of five athletes by USA Today in their “Most Caring Athlete”.
