Rank #3281
William Fung
Net worth $1.1B
Sourcing · Hong Kong
- Born
- Feb 21, 1949
- Age
- 77
- Source
- 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
Net worth over time
Biography
- 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.
Financial assets
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