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.

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Victor Fung Latest News

HK could become a global data hub for Greater Bay Area

Victor Fung Kwok-king, chairman of the 2022 Foundation, said it should be explored whether Hong Kong can become a global data hub for the Greater Bay Area, where consumer and other data originating ...
Posted: March 29, 2019, 3:22 am

Fung Retailing Group and Showcase Hong Kong’s First AI Checkout Experience

From left to right: Victor Fung, Group Chairman of Fung Group, Sabrina Fung, Group Managing Director of Fung Retailing Limited, Dr. Bowen Zhou, Vice President of and Head of JD's AI Platform ...
Posted: March 13, 2019, 11:38 am

HKMA needs a new boss: expect an inside job

The other members of the committee are: Victor Fung, chairman of Li & Fung and a business adviser to the government; Lawrence Lau, a leading Hong Kong economist; Brian Stevenson, a non-executive ...
Posted: March 15, 2019, 8:19 am
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