Victor Fung Net Worth is$2.7 Billion
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Nationality: China
Date of Birth: 1945
Place of Birth: Hong Kong
Victor Fung Net Worth: Victor Fung is an entrepreneur from Hong Kong who has a net worth of $2.7 billion. Born Victor Fung Kwok-king in 1945, he made his fortune as one of the heirs of the world's major supplier of toys and clothes Li & Fung Group. His grandfather, Fung Pak-liu, launched the company in 1906, which was later led by his father, Fung Hon-chu, and eventually, Victor and his brother, William, took over the company. Now, the Fung brothers own 32% of the controlling stake. A graduate of MIT in Electrical Engineering who also holds a PhD in Business Economics from Harvard, Fung served as the Chairman of Li & Fung until last year, when he handed over his position to his brother, and became company's honorary chairman. Moreover, Fung served on many prestigious positions, including the Chairman of Airport Authority Hong Kong, Hong Kong University Council and Greater Pearl River Delta Business Council. Currently, he is the Co-Chairman of Think Tank and the Evian Group at IMD, and the Chairman of Hong Kong-Japan Business Cooperation Committee. Since 2008, Fung sits on the Chairman's position of the International Chamber of Commerce, and he has also been awarded with many eminent awards in the business field. In addition, the Fung brothers have an American citizenship.
Victor Fung Kwok-king (Chinese: ??(R)??????; sometimes Victor K. Fung; born 1945 in Hong Kong), GBS (2003), is the Group Chairman of Li & Fung group of companies. Together with his brother William, he owns a controlling stake of 32% in the business, which was founded by his grandfather.
He has held a number of public and other offices, including Chairman of the Airport Authority Hong Kong, Hong Kong University Council and the Greater Pearl River Delta Business Council.

Fung has Bachelor of Science and Master of Science degrees in Electrical Engineering from MIT. After earning a PhD in Business Economics from Harvard Business School, he stayed there as a Professor of Finance. for his early education, he enrolled King George V School in Hong Kong
At present, Victor Fung is the Group Chairman of Li & Fung Group, and his brother William is the Group Managing Director. The business was founded by their grandfather, Fung Pak-liu, in 1906 and subsequently led by their father, Fung Hon-chu.
Fung is chairman of the Hong Kong-Japan Business Co-operation Committee and co-chair of France-based The Evian Group at IMD forum and think tank. He is also chairman (2008??? ) of the International Chamber of Commerce.
He was formerly chairman of the Hong Kong Trade Development Council (1991???2000) and chairman of Airport Authority.
In 2008, Fung was appointed by Donald Tsang, the Chief Executive of Hong Kong, to be the member of "Task Force on Economic Challenges" to evaluate the situation and identify new opportunities during the financial tsunami. The company laid off employees to cut costs, for which he was publicly criticised. Other positions in civil and public service:
Fung is married with two children and like his brother William hold American citizenship.

Victor Fung Latest News

SSG Capital to buy 40% stake in Future Supply Chain for $87M

Singapore's distressed assets fund management firm SSG Capital Management Group is investing up to Rs 580 crore ($87 million) to acquire 40 per cent stake in Future Supply Chain ... Fung Capital is the private equity investment arm of the families of ...
Posted: April 7, 2016, 7:14 am

Fung Group launches world's first retail business model testing platform in Shanghai

Unlike conventional shopping malls, the laboratory, as Fung Group chairman Victor Fung Kwok-king describes it, will only allow registered members to visit, enabling the project to track how customers behave inside the facility. "Everybody knows that bricks ...
Posted: September 24, 2015, 7:41 am

The Chinese Consumer Is Driving Global Innovation

“I don’t think that there is a consumer in the world now that is more demanding than the Chinese consumer,” said Victor Fung, chairman of Fung Group, a business consultancy based in Hong Kong. A different breed of consumers Younger generations are a ...
Posted: October 10, 2016, 3:35 pm
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