William Fung Net Worth is$2.6 Billion
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Nationality: China
Date of Birth: 1949
Place of Birth: Hong Kong
William Fung Net Worth: William Fung is a Honk Kong entrepreneur who has a net worth of $2.6 billion. Born William Fung Kwok Lun in 1949, he earned his wealth as one of the heirs of Li & Fung Group, the world's top supplier of clothes and toys. In 1906, Fung Pak-liu, his grandfather, started the company, which was later on managed by his father, Fung Hon-chu, and eventually, William and his brother, Victor, took over the family business. Currently, the brothers own 32% of the controlling shares. A graduate of Princeton University who also holds a MBA of Harvard University, William served as Managing Director until 2012, when his brother handed over his Chairman's position to him after 23-years long leadership. Now, his elder brother, Victor, is an honorary chairman, and William serves as the Chairman. Moreover, Fung is an independent non-executive director of Singapore Airlines, CLP Holdings Limited, VTech Holding Limited, HSBC Holdings and Shui On Land. In 2011, the Fung brothers started the Fung Global Institute, donating $15 million to the Hong Kong nonprofit researchers. What's more is that the brothers hold an American citizenship.
Dr. William Fung Kwok Lun, BSE, OBE, JP (Chinese: ??(R)?????,) (born 1949 in Hong Kong with family roots in Heshan, Guangdong) is a Hong Kong entrepreneur who is the group managing director of Li & Fung Group, one of the largest trading companies in Hong Kong, as well as an alumnus and trustee of Princeton University.
Fung is one of two sons of Fung Hon-chu, former head of Li & Fung and grandson of Fung Pak Liu, founder of the family firm. He is the younger brother of Dr. Victor Fung Kwok King, the chairman of the group. Fung is also non-executive director of HSBC Holdings and an independent non-executive director of CLP Holdings Limited, VTech Holdings Limited, Shui On Land Limited and Singapore Airlines.

Fung attended Princeton University in its class of 1970, majoring in electrical engineering. Since graduating, he has remained active at the university; there is a "Fung Scholarship" endowed in his name. In 2009, he was appointed to the university's board of trustees.
Fung is married with three children and like his brother Victor hold American citizenship.

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William Fung Latest News

Li & Fung Joins With Chinese Retailers for Joint Venture

We haven’t set any specific targets, all we know is we are in a bit of a hurry to develop the private brand and to the extent that all three sides can do it as quickly as possible, we will,” Li & Fung group chairman William Fung said. “I really don ...
Posted: June 23, 2015, 4:20 am

Toys 'R' Us said to explore options for Asian unit, including potential S$2.7b IPO in Hong Kong

Toys 'R' Us owns about 85 per cent of the Asian venture while Fung Group, the private holding company of Hong Kong businessmen Victor and William Fung, holds the remainder. The ongoing bankruptcy could make a listing more complicated and harder to market ...
Posted: October 17, 2017, 5:08 am

WHO Director-General addresses Princeton - Fung Global Forum on lessons learned from the Ebola crisis

and thank Princeton University and the generosity of William Fung, who is with us today, for making this event possible. You are looking at experiences during the Ebola outbreak in West Africa to explore shared features with past plagues but also to ...
Posted: November 1, 2015, 4:00 pm
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