THE MONEY: Revenue at Changs’ Forever 21 retail chain estimated at more than $4 billion.

BUZZ: Retailer moved downscale in May with new concept F21 Red. Concept debuted at Azalea Shopping Center in South Gate, offers low-cost items such as $1.80 camisoles and $7.80 denim for women, men’s tops priced at $3.80. Global expansion plans proceeding. Changs plan to invest $50 million in Indian market, opening about 35 stores over next five years. Leaked company memo last summer caused stir as it outlined reduction in number of full-time, nonmanagement employees. Workweek hours cut to maximum of 29.5, allowing company to skirt Affordable Care Act requirements mandating health insurance coverage for full-time employees. Daughters Linda, 32, and Esther, 27, handle marketing and visual merchandising, respectively. Devout Christians, Changs attend church weekday mornings. Bottom of retailer’s signature yellow bag comes inscribed with a Bible verse. Founded in 1984, company grew from small Highland Park storefront to chain with about 600 stores globally and 40,000 employees. Hit with more than 50 copyright infringements lawsuits; never found liable.

NET WORTH:

$5.6 billion s4.7%

LAST YEAR: $5.35 billion

RESIDENCE: Beverly Hills

SOURCE OF WEALTH: Apparel retailing