William Fung
Fashion and Retail

William Fung Net Worth

1 year from now

William Fung and his brother Victor are the founders of Li & Fung, a global retail supply chain company. Founded in 1906 by Fung Pak-liu, the company was taken over by the Fungs four decades later. William took over as chairman in 2012 and his brother Victor's son Spencer has been serving as Li & Fung's chief executive since 2014. William's daughter Sabrina succeeded him as deputy chairman of the family's menswear retailer Trinity in 2016, and the other two members of the fourth generation, Victor's younger son Stephen and William's son Terence, have also been rising in the family business. Despite being the world's largest supplier of clothes and toys, the company's fortune has fallen dramatically since 2011 as more brands take greater control of their supply chain.
William Fung is a member of Fashion and Retail

Age, Biography and Wiki

Birth Year 1949
Birth Place Hong Kong, Hong Kong, Hong Kong
Age 74 YEARS OLD
Alma mater Princeton University Harvard Business School
Occupation businessman
Relatives Victor Fung – brother

💰 Net worth: $1 Billion (2024)

William Fung, renowned as a prominent figure in the fashion and retail industry of Hong Kong, is anticipated to have an estimated net worth of $1 billion by 2024. Through his exceptional business acumen and strategic investments, Fung has made a significant impact in the fashion and retail sector. As a testament to his success, Fung's net worth is projected to reach this impressive milestone, solidifying his position as one of the most influential individuals in the industry.

2009 $1.7 Billion
2010 $3.5 Billion
2011 $4.4 Billion
2012 $3.8 Billion
2013 $2.6 Billion
2014 $2.5 Billion
2015 $2.2 Billion
2016 $1.6 Billion
2017 $1.5 Billion
2018 $1.5 Billion

Biography/Timeline

1949

Fung was born in 1949 in Hong Kong. He attended Princeton University in its class of 1970, majoring in electrical engineering. He subsequently earned a master in Business administration from the Harvard Business School.

1999

Dr Fung served as the international chair of the Pacific Economic Cooperation Council from 1999 to 2001.

2009

Fund endowed the "Fung Scholarship" at his alma mater, Princeton University. In 2009, he was appointed to the university's board of trustees.

Some William Fung images

Tags 1949 births Living people Officers of the Order of the British Empire Hong Kong entrepreneurs Hong Kong chief executives Hong Kong billionaires People from Heshan Li & Fung HSBC people Princeton University alumni Harvard Business School alumni Members of the Selection Committee of Hong Kong Members of the Preparatory Committee for the Hong Kong Special Administrative Region Hong Kong BLCC members New Hong Kong Alliance politicians

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About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.