William Fung
$1.1B
Born
Feb 21, 1949
Age
76
Source of Wealth
Sourcing
Residence
Hong Kong,
Citizenship
Hong Kong
Marital Status
Married
Children
3
Education
Master of Business Administration, Harvard University; Bachelor of Arts/Science, Princeton University
- William Fung and his older brother Victor own a significant stake in Li & Fung, which operates as a middleman between global manufacturers and retailers in the U.S. and Europe.
- William stepped down as chairman of Li & Fung in 2020 when Victor's son, Spencer, took the helm.
- In 2020 Li & Fung was privatized through a deal worth $930 million.
- In 2022, Danish shipping giant A.P. Moller-Maersk acquired the brothers' logistics business, LF Logistics, for $3.4 billion.
- Their grandfather, Fung Pak-liu, founded Li & Fung with partner Li To-ming in 1906, exporting porcelain and silk.
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